Daily Newsletter: Rates Remain Near Recent Highs After Jobs Report; Credit Underwriting Guideline Changes

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30 Year Fixed 3.42%   +0.00 15 Year Fixed 2.76%   +0.00 10YR Treasury 1.60%   +0.0360 FNMA 30YR 3.5 105.30   -0.03 FNMA 15YR 2.5 104.67   -0.02 View Today's Rates

Friday September 2, 2016 Mortgage Rate Watch - 4:08PM Mortgage Rates Remain Near Recent Highs After Jobs Report Mortgage Rates were steady to slightly higher today, depending on the lender--a relative victory considering the potential volatility associated with today's jobs report. Though bigger ... Pipeline Press - 10:37AM Changes to Credit Underwriting Guidelines - How Much Average Debt Is There? Among the lengthy list of state and federal regulators, legislative bodies, and agencies that oversee residential lenders, one can’t forget the FTC (Federal Trade Commission) ... MBS Commentary - 8:30AM MBS Day Ahead: Time to Find Out Just How Big Today's NFP Might Be It goes against the grain of conventional summertime market wisdom, to some extent, to have so much focus on any piece of economic data as "making or breaking" a long-term trading range ... MND NewsWire - 11:26AM Construction Spending Flat in July Construction spending was largely unchanged in July according to data released Thursday by the U.S. Census Bureau. Spending on all public and privately funded building was at a seasonally ... Housing Market Could Anchor a Troubled Economy Compliance For Small Lenders; Credit Unions Scooping up Millennials Latest Video How the jobs data will impact Fed action 151K jobs enough to move the Fed? August jobs and the Fed More News from 'Around the Web' Bloomberg - 3:28PM Fed's Lacker: July Would've Been Good Time to Raise Rates Market Watch - 3:28PM Bernanke sees good reasons for Fed to keep large balance sheet CNBC - 12:10PM Op-Ed: Jobs report is not as bad as it seems CNBC - 12:10PM Sept rate hike is close call, but the Fed likely moves, says Goldman's Hatzius Market Watch - 10:27AM September not dead for Fed, but holiday rate hike more likely, experts say CNBC - 10:27AM US factory orders post largest increase in nine months Reuters - 8:53AM U.S. trade deficit narrows as exports hit 10-month high CNBC - 8:53AM Odds for a Sept rate hike drop after jobs report misses expectations www.npr.org - 8:53AM U.S. Added 151,000 New Jobs In August; Unemployment Steady CNN - 8:17AM August jobs report: What you need to know Today's Rates Best Execution Rate Change 30 Yr FRM 3.42% +0.00 15 Yr FRM 2.76% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.53% +0.00 5/1 Yr ARM 2.85% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.37% 1.26 -0.14 30 Yr. Fixed 3.95% 1.30 -0.16 MBA ** 30 Yr. Fixed 3.82% 0.34 -0.05 15 Yr. Fixed 3.06% 0.33 -0.07 30 Yr. Jumbo 3.74% 0.31 -0.05 30 Yr. FHA 3.64% 0.25 -0.05 5/1 ARM 2.93% 0.22 +0.02 Freddie Mac ** 30 Yr. Fixed 3.46% 0.50 +0.03 15 Yr. Fixed 2.77% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.83% 0.40 +0.08 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR FNMA 3.0 103.64 -0.08 30YR FNMA 3.5 105.30 -0.03 30YR GNMA 3.0 104.56 -0.05 30YR GNMA 3.5 106.11 0.00 15YR FNMA 3.0 104.67 -0.02 15YR FNMA 2.5 103.27 -0.03 Treasuries Yield Change 2 YR 0.7937% +0.0081 5 YR 1.1979% +0.0180 10 YR 1.6041% +0.0360 30 YR 2.2760% +0.0454 Prices as of: 9/2/2016 4:32PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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