Daily Newsletter: Wells' Penalty Implications; Rates Still Pushing Into Post-Brexit Highs; 5 States, 40 Percent of Completed Foreclosures

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30 Year Fixed 3.50%   +0.01 15 Year Fixed 2.84%   +0.01 10YR Treasury 1.73%   +0.0590 FNMA 30YR 3.5 105.13   -0.14 FNMA 15YR 2.5 104.70   -0.05 View Today's Rates

Tuesday September 13, 2016 Mortgage Rate Watch - 3:57PM Mortgage Rates Still Pushing Into Post-Brexit Highs Mortgage Rates were only slightly higher today, and in some cases were right in line with yesterday's. In fact, if you caught a lenders' rate sheet earlier this morning, chances are ... MND NewsWire - 9:53AM 5 States Account For 40 Percent of Completed Foreclosures There were 34,000 completed foreclosures in July, as banks continue to clean up foreclosure inventories eight years after the housing crisis began. CoreLogic said the monthly total ... Pipeline Press - 9:47AM Implications of Wells' Penalty; FDIC and TPO Lending; Commercial and Fin-Tech Webinars There is only one state that has 1 syllable, but there are 30 days in September. And this month is full of wacky “days” such as international Talk Like a Pirate Day (19th ... MBS Commentary - 9:25AM MBS Day Ahead: Markets Need Something to do For a Week The past three days have been interesting for financial markets--Friday and Monday particularly. Friday saw the biggest break outside the established range in bond markets, as well ... Urban Institute: Mortgage Lending Shortchanges Women Training and Sales Events; Lenders in the News; Key Reason for Lender M&A? Latest Video What's driving market volatility? Wells Fargo exec leaving with $124.6M Trader bets on bonds ahead of Fed meeting More News from 'Around the Web' Market Watch - 3:01PM It isn't the Fed that's spooking stock and bond investors CNBC - 2:59PM 'Bond shock' and pricey stocks worry money managers CNBC - 1:08PM This call has been wrong time and time again, but I'm making it now: Technician Market Watch - 1:08PM Paul Singer says it's time to dump long-term bonds Market Watch - 1:08PM Dalio: Central bank actions pushing investors into riskier assets Calculated Risk Blog - 10:42AM NFIB: Small Business Optimism Index decreased Slightly in August www.nytimes.com - 10:41AM U.S. Household Income Grew 5.2% in 2015, Breaking Pattern of Stagnation CNBC - 10:01AM Lew: Wells Fargo case a 'wake-up call' for regulation Reuters - 8:27AM U.S. House committee set to approve Dodd-Frank revamp CNBC - 8:24AM Landlords listen up: Find the best rental returns here CNBC - 8:23AM Fed rate hike talk, oil volatility in focus for US bond markets www.corelogic.com - 8:22AM CoreLogic Reports 34,000 Completed Foreclosures in July 2016 Today's Rates Best Execution Rate Change 30 Yr FRM 3.50% +0.01 15 Yr FRM 2.84% +0.01 FHA 30 Year Fixed 3.30% +0.00 Jumbo 30 Year Fixed 3.66% +0.01 5/1 Yr ARM 2.89% +0.01 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 3.44% 0.60 -0.02 15 Yr. Fixed 2.76% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.81% 0.40 -0.02 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 3.0 103.19 -0.36 30YR FNMA 3.5 105.13 -0.14 30YR GNMA 3.0 104.25 0.00 30YR GNMA 3.5 106.00 -0.03 15YR FNMA 3.0 104.70 -0.05 15YR FNMA 2.5 103.17 -0.11 Treasuries Yield Change 2 YR 0.8023% +0.0282 5 YR 1.2488% +0.0474 10 YR 1.7288% +0.0590 30 YR 2.4642% +0.0882 Prices as of: 9/13/2016 4:30PM 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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