Daily Newsletter: Housing and Economy Probably Heading Downhill; Starter Home Drought Leaves 1st Time Buyers Thirsty

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30 Year Fixed 3.54%   +0.00 15 Year Fixed 2.85%   +0.00 10YR Treasury 1.74%   -0.0175 FNMA 30YR 3.5 105.20   +0.05 FNMA 15YR 2.5 104.73   +0.05 View Today's Rates

Friday October 21, 2016 MND NewsWire - 10:51AM Housing and Economy Probably Heading Downhill - Freddie Mac Deja vu all over again? Freddie Mac says economic growth is recovering from a weak first half of the year, the labor market is holding steady and Fed watchers are concluding that a ... MND NewsWire - 10:40AM Starter Home Drought Leaves First Time Buyers Thirsty Housing industry players have decried the absence of first-time homebuyers and the negative impact they have had on the housing recovery. Fannie Mae's Economic and Strategic Research ... Mortgage Rate Watch - 3:23PM Mortgage Rates Unchanged at 2-Week Lows Mortgage Rates held steady today, continuing a much-needed break from the move higher that dominated the first 2 weeks of October. While we've only seen modest improvements (or in today ... MBS Commentary - 10:04AM MBS Day Ahead: Bond Bulls Hope For November Truce As can be seen in this morning's chart (and remembered in the hearts and minds of loan originators who closely follow market movements), October has been our least favorite months of ... Fannie to Address Reps/Warrants; Ginnie and Streamline Refis; Credit Union Attorney Fees More Refis and They're Taking Longer to Close -EllieMae Latest Video Closing Bell Exchange: Election, earnings & energy Massive cyber attack knocks out access to websites Wells Fargo ex-bankers detail abuses More News from 'Around the Web' www.redfin.com - 3:49PM The Low Down on New, Low Down Payment Mortgage Programs Market Watch - 3:07PM Fed's Williams says gradual rate hikes needed with economy in ‘good shape' The Atlantic - 3:07PM Why Economic Growth Is So Lackluster Bloomberg - 1:32PM Global Yield Curves Flatten as BofA Says Wager on More to Come CNBC - 1:32PM Janet Yellen could be on the verge of starting a 'civil war' at the Fed Reuters - 1:32PM N.Y. Fed lowers U.S. third and fourth quarter GDP outlook eyeonhousing.org - 10:53AM Garages in New Homes: 2015 Data Calculated Risk Blog - 10:53AM BLS: Unemployment Rates stable in 42 states in September Market Watch - 10:52AM Fed's Tarullo wants academics to focus more on bank liabilities rather than capital CNBC - 8:44AM Wall Street eyes earnings, Fed speakers Bloomberg - 8:38AM German Bonds Set for Weekly Gain as Draghi Calms Taper Talk Today's Rates Best Execution Rate Change 30 Yr FRM 3.54% +0.00 15 Yr FRM 2.85% +0.00 FHA 30 Year Fixed 3.35% +0.00 Jumbo 30 Year Fixed 3.70% +0.00 5/1 Yr ARM 2.86% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.05% 1.21 -0.03 30 Yr. Fixed 3.74% 1.37 -0.06 MBA ** 30 Yr. Fixed 3.66% 0.33 -0.04 15 Yr. Fixed 2.95% 0.38 -0.04 30 Yr. Jumbo 3.64% 0.28 -0.05 30 Yr. FHA 3.52% 0.21 -0.04 5/1 ARM 2.92% 0.40 -0.07 Freddie Mac ** 30 Yr. Fixed 3.52% 0.50 +0.05 15 Yr. Fixed 2.79% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.85% 0.40 +0.03 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 3.0 103.39 +0.11 30YR FNMA 3.5 105.20 +0.05 30YR GNMA 3.0 104.33 +0.08 30YR GNMA 3.5 106.19 +0.09 15YR FNMA 3.0 104.73 +0.05 15YR FNMA 2.5 103.08 +0.03 Treasuries Yield Change 2 YR 0.8315% +0.0084 5 YR 1.2445% -0.0047 10 YR 1.7364% -0.0175 30 YR 2.4854% -0.0185 Prices as of: 10/21/2016 4:09PM 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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