Daily Newsletter: FHFA Authorizes Principal Reduction for Fannie/Freddie; Rates End Week Just Off Recent Lows

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30 Year Fixed 3.64%   -0.02 15 Year Fixed 2.94%   -0.02 10YR Treasury 1.75%   -0.0401 FNMA 30YR 3.5 104.86   +0.08 FNMA 15YR 2.5 104.42   -0.05 View Today's Rates

Friday April 15, 2016 Mortgage Rate Watch - 4:23PM Mortgage Rates End Week Just Off Recent Lows Mortgage rates improved slightly today , bringing them back toward the lowest levels in nearly three years. With all of the headlines to that effect yesterday, it's worth taking a moment ... MND NewsWire - 10:46AM FHFA Authorizes Principal Reduction for GSE Loans An estimated 33,000 delinquent Fannie Mae and Freddie Mac (GSE) borrowers may be eligible for a new one-time principal reduction An estimated 33,000 delinquent Fannie Mae and Freddie ... Pipeline Press - 10:32AM Conforming/Conventional and related MI changes; Does Principal Reduction Matter? Yes, every week it seems like the airwaves are filled with news from the government-sponsored enterprise landscape. This week was no exception. The FHFA announced that the GSEs (think ... MBS Commentary - 9:31AM MBS Day Ahead: Hoping Stocks Don't Get Any Crazy Ideas One explanation for bonds' recently negative trend could have to do with stocks Not a direct correlation, but big-picture developments could affect bond market mood Econ data is limited ... Strong March New Home Sales -MBA One-Third of Metros at Pre-Crash Foreclosure Levels Latest Video Doha: deal or no deal? Santelli Exchange: Central bankers' timing Santelli: Rates test recent range More News from 'Around the Web' Market Watch - 4:53PM Could the San Francisco real estate market finally be slowing down? www.collateralvision.com - 2:31PM FNC Index: February Home Prices Up 0.1% www.realtor.com - 2:30PM Negative Rates Around the World: How One Danish Couple Gets Paid Interest on Their Mortgage CNBC - 2:27PM Docs on Fannie, Freddie bailout case CNBC - 12:27PM Homeownership no longer a tax break CNBC - 10:24AM April consumer sentiment: 89.7 vs. 92 expected CNBC - 8:12AM China's growth slows in Q1, in line with forecasts Bloomberg - 8:06AM The Affordable-Housing Crisis Moves Inland CNBC - 8:06AM Citi earnings top expectations Bloomberg - 8:05AM Fixed-Income Investors Have 99 Ways to Trade and One Big Problem Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% -0.02 15 Yr FRM 2.94% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.58% -0.01 5/1 Yr ARM 2.97% -0.03 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 3.0 102.63 +0.14 30YR FNMA 3.5 104.86 +0.08 30YR GNMA 3.0 103.66 +0.13 30YR GNMA 3.5 105.59 +0.05 15YR FNMA 3.0 104.42 -0.05 15YR FNMA 2.5 102.69 -0.06 Treasuries Yield Change 2 YR 0.7336% -0.0367 5 YR 1.2125% -0.0407 10 YR 1.7518% -0.0401 30 YR 2.5593% -0.0435 Prices as of: 4/15/2016 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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