Daily Newsletter: Rates Snap Lower Despite Decent Jobs Report; FHA Increases Loan Limits

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30 Year Fixed 4.13%   -0.11 15 Year Fixed 3.34%   -0.11 10YR Treasury 2.39%   -0.0523 FNMA 30YR 3.5 102.58   +0.23 FNMA 15YR 2.5 102.80   +0.17 View Today's Rates

Friday December 2, 2016 Mortgage Rate Watch - 4:19PM Mortgage Rates Bounce Lower Despite Jobs Report Mortgage rates erased yesterday's losses after today's jobs report, though not necessarily because of it. The Employment Situation (affectionately referred to as "the jobs") is traditionally ... MND NewsWire - 9:27AM FHA Loan Limits Increased The Federal Housing Administration (FHA) has now joined the Federal Housing Finance Agency in raising the dollar limits for loans that qualify for FHA guarantees. Last week FHFA raised ... Pipeline Press - 9:24AM Agency's Future up For Grabs; Loan Amount Changes - FHA's 2017 Levels Plenty of people are on the roads in December, traveling for the holidays. Ever curious about the basic differences between a road, a street, a boulevard, etc.? Well, here is a short ... MBS Commentary - 8:12AM MBS Day Ahead: Can NFP Help Bond Buyers Catch The Falling Knife? Have you heard the one about the falling knife? And how no one wants to catch it? That's one of the market's favorite analogies for the fear experienced by potential buyers of an asset ... Residential Spending Leads Lackluster Construction Report MBS RECAP: OPEC Deal Blasts Bonds Latest Video Interest rates are going to go up: Goldman's Hatzius November jobs report to convince the Fed? Nonfarm payrolls up 178K in November More News from 'Around the Web' CNBC - 4:47PM The regulatory system 'needs to be debugged,' Blackstone co-founder Schwarzman says Calculated Risk Blog - 4:47PM Zillow Forecast: Expect Case-Shiller Index to "continue to accelerate" in October Reuters - 3:49PM Fed's Tarullo warns against 'backsliding' on bank regulations Market Watch - 3:48PM Gundlach's DoubleLine sees worst outflows since 2014 'taper tantrum' www.realtor.com - 3:48PM Homeowners Hit the Jackpot Reuters - 3:48PM Trump's dilemma: slower job growth or rising rates and inflation? Bloomberg - 12:06PM El-Erian: Trump's Carrier Move Not a Scalable Policy - Bloomberg Video eyeonhousing.org - 12:03PM Serious Delinquency Rates Improve Across Most Household Debts Market Watch - 12:02PM The real driver behind the dollar breakout HUD - 9:32AM Mortgagee Letter 2016-20 CNBC - 9:06AM The Labor Department says unemployment is at 4.6% — but here's the bigger picture CNBC - 9:05AM Jobless rate slides to 4.6% on solid November Reuters - 8:21AM Investors may look to ECB for comfort after high-risk votes Bloomberg - 8:12AM Europe's QE Starting Point Faces Risk as ECB Talk Turns to Taper CNBC - 8:12AM Bond investors eye jobs report Reuters - 8:12AM $4.1 billion pulled from U.S.-based taxable mutual bond funds during week: Lipper Today's Rates Best Execution Rate Change 30 Yr FRM 4.13% -0.11 15 Yr FRM 3.34% -0.11 FHA 30 Year Fixed 3.85% -0.10 Jumbo 30 Year Fixed 4.20% -0.05 5/1 Yr ARM 3.03% -0.04 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 4.08% 0.50 +0.14 15 Yr. Fixed 3.34% 0.50 +0.20 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.15% 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 99.44 +0.31 30YR FNMA 3.5 102.58 +0.23 30YR GNMA 3.0 101.15 +0.26 30YR GNMA 3.5 104.23 +0.28 15YR FNMA 3.0 102.80 +0.17 15YR FNMA 2.5 100.22 +0.16 Treasuries Yield Change 2 YR 1.1076% -0.0434 5 YR 1.8340% -0.0659 10 YR 2.3940% -0.0523 30 YR 3.0697% -0.0363 Prices as of: 12/2/2016 4:31PM 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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