Daily Newsletter: Rates Stay Near Highs; How Domestic Migration Affects Mortgage Market; Big Bank Results

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30 Year Fixed 3.57%   -0.01 15 Year Fixed 2.88%   -0.01 10YR Treasury 1.77%   -0.0317 FNMA 30YR 3.5 105.09   +0.09 FNMA 15YR 2.5 104.64   -0.02 View Today's Rates

Monday October 17, 2016 Mortgage Rate Watch - 4:36PM Rates Stay Near Highs Despite Market Improvement Mortgage Rates remained near 4-month highs today, despite moderate improvement in underlying bond markets. The problem for most lenders was the timing of Friday's market movements. ... MND NewsWire - 10:19AM How Decreasing Migration Affects The Mortgage Market Americans are staying put, both in their homes and in their jobs. The two appear to be related but which is the driving force? In a recent Urban Institute blog researcher Bhargavi Ganesh ... Pipeline Press - 10:04AM Lender Disaster Updates; Big Bank 3rd Quarter Mortgage Results - Industry's Barometer? If you are a residential lender and volume in the 3rd quarter was up about 10% over the 2nd quarter, you’re right in line. Industry sources, including Fannie Mae, Freddie Mac ... MBS Commentary - 9:43AM MBS Week Ahead: Approaching Major Inflection Point Ahead of ECB Meeting The European Central Bank (ECB) has been one of the driving forces behind ultra-low rates around the world for several years, thanks to an aggressive and expanding bond buying program ... New Home Sales and Prices Rose in September -MBA Non-Owner Trends Not Helping Small Lenders and Impacting Secondary Markets; Upcoming Events Latest Video Santelli: Let the markets debate Stan Fischer September industrial production up 0.1% Market 'comfortable' with rate hike: Pro More News from 'Around the Web' Market Watch - 3:24PM Bank of America's results are easy to read, once you get to them CNBC - 1:23PM Fed's Fischer warns of the dangers of low rates Reuters - 1:22PM Fed's Fischer: downshift in potential means 'not that simple' to raise rates CNBC - 1:20PM 'Bond King' Jeffrey Gundlach: I think investors should be defensive eyeonhousing.org - 10:25AM Data Imply Most Homes Last More than a Century CNBC - 10:24AM This is what could disrupt the bond market: Fitch CNBC - 10:21AM NY Fed's Empire State business conditions index at lowest since May Market Watch - 10:21AM Boston Fed's Rosengren makes case for reverse Operation Twist CNBC - 10:21AM US industrial output rises marginally, utilities weigh www.cfpbmonitor.com - 8:39AM CFPB announces senior leadership changes www.freddiemac.com - 8:37AM The Homeownership Rate: Are Demographics Destiny? CNBC - 8:36AM This is NOT the beginning of the great bond market sell-off: Economist Today's Rates Best Execution Rate Change 30 Yr FRM 3.57% -0.01 15 Yr FRM 2.88% -0.01 FHA 30 Year Fixed 3.40% +0.00 Jumbo 30 Year Fixed 3.72% -0.01 5/1 Yr ARM 2.90% -0.01 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 3.47% 0.60 +0.05 15 Yr. Fixed 2.76% 0.60 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.82% 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 3.0 103.13 +0.13 30YR FNMA 3.5 105.09 +0.09 30YR GNMA 3.0 104.28 +0.09 30YR GNMA 3.5 106.17 +0.09 15YR FNMA 3.0 104.64 -0.02 15YR FNMA 2.5 103.06 -0.05 Treasuries Yield Change 2 YR 0.8187% -0.0242 5 YR 1.2556% -0.0327 10 YR 1.7678% -0.0317 30 YR 2.5216% -0.0374 Prices as of: 10/17/2016 4:29PM 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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