Daily Newsletter: Dismal Early Spring Housing Numbers; Rates Hold Steady Despite Market Pointing Higher

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30 Year Fixed 3.64%   +0.00 15 Year Fixed 2.94%   +0.00 10YR Treasury 1.79%   +0.0158 FNMA 30YR 3.5 104.78   -0.06 FNMA 15YR 2.5 104.41   0.00 View Today's Rates

Tuesday April 19, 2016 MND NewsWire - 10:59AM Dismal Early Spring Housing Numbers There probably isn't a lot of backslapping going on in the housing world this morning. March residential construction data released by the U.S. Census Bureau and the Department of Housing ... Mortgage Rate Watch - 3:42PM Mortgage Rates Unchanged Despite Market Pointing Higher Mortgage rates held steady again today , despite some weakness in underlying bond markets. When it comes to setting rates for the day lender rate sheets almost always follow the movement ... Pipeline Press - 9:49AM Changes in Lock/Pricing Policies, Condo Guidelines, and USDA/Rural Programs “Drive til you qualify.” That’s a little real estate agent ditty to start a Tuesday, and this advice to buyers certainly applies to urban areas where price appreciation ... MBS Commentary - 9:23AM MBS Day Ahead: Bonds Fight to Hold Technical Support bond markets still holding the range, but pressure is increasing momentum studies are close to confirming negative shift Tradeflows , technicals, and related markets (read: stocks/oil ... Builder Confidence Unchanged for 3rd Straight Month Freedom's Statement on Settlement; What Big Bank Earnings Tell us About Lending Environment Latest Video Is the housing recovery on track? Housing starts down 8.8% in March Santelli: Treasurys in compressed range More News from 'Around the Web' Calculated Risk Blog - 2:40PM Lawler: Preliminary Table of Distressed Sales and All Cash Sales for Selected Cities in March The Atlantic - 1:09PM Wage Stagnation Is to Blame for America's Financial Problems www.realtor.com - 1:07PM The Surprising Thing These Recession-Proof Neighborhoods Have in Common CNBC - 11:36AM Homebuilder blues: Don't blame labor shortage The Atlantic - 11:35AM Why Don't Americans Save Money? Reuters - 11:34AM Goldman Sachs revenue slumps to lowest in more than four years Market Watch - 11:33AM Bond guru Jeff Gundlach says ‘Brexit' won't happen, but Twitter disagrees Market Watch - 9:29AM As Fed goes silent, so too go chances of April rate hike www.gallup.com - 9:29AM U.S. Economic Confidence Index Stable at -12 Reuters - 9:26AM U.S. housing starts plunge, building permits hit one-year low CNBC - 8:19AM Fed's Rosengren takes shot at markets CNBC - 8:12AM Goldman earnings beat CNBC - 8:12AM Fed's slipped up by delaying rate hikes. Here's why The Atlantic - 8:08AM The Secret Shame of Middle-Class Americans Reuters - 8:00AM NY judge clears Pimco to pursue California lawsuit against AIG CNBC - 8:00AM US Treasury prices lower as oil rises phx.corporate-ir.net - 7:58AM MGIC Investment Corporation Reports First Quarter 2016 Results Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% +0.00 15 Yr FRM 2.94% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.58% +0.00 5/1 Yr ARM 2.97% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.20 -0.01 30 Yr. Fixed 4.12% 1.43 -0.05 MBA ** 30 Yr. Fixed 3.82% 0.33 -0.04 15 Yr. Fixed 3.10% 0.37 +0.00 30 Yr. Jumbo 3.74% 0.31 -0.02 30 Yr. FHA 3.66% 0.29 -0.07 5/1 ARM 2.94% 0.20 +0.00 Freddie Mac ** 30 Yr. Fixed 3.58% 0.50 -0.01 15 Yr. Fixed 2.86% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.84% 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 3.0 102.53 -0.09 30YR FNMA 3.5 104.78 -0.06 30YR GNMA 3.0 103.39 -0.23 30YR GNMA 3.5 105.48 -0.14 15YR FNMA 3.0 104.41 0.00 15YR FNMA 2.5 102.64 -0.03 Treasuries Yield Change 2 YR 0.7614% +0.0159 5 YR 1.2532% +0.0228 10 YR 1.7851% +0.0158 30 YR 2.5928% +0.0129 Prices as of: 4/19/2016 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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