Daily Newsletter: Rates Actually a Bit Higher; Strong March Sales; Foreclosures Lowest Since 2007

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30 Year Fixed 3.66%   +0.01 15 Year Fixed 2.96%   +0.01 10YR Treasury 1.79%   +0.0263 FNMA 30YR 3.5 104.77   -0.02 FNMA 15YR 2.5 104.45   -0.03 View Today's Rates

Thursday April 14, 2016 Mortgage Rate Watch - 3:26PM Mortgage Rates Are Actually a Bit Higher It's that time again! Thursday rolls around and Freddie Mac releases its weekly mortgage rate survey. Most major media outlets subsequently craft headlines based on the week-over-week ... MND NewsWire - 9:37AM Strong March New Home Sales -MBA The Mortgage Bankers Association's (MBA's) most recent regular report on mortgage application volume released on Wednesday indicated a sudden pick-up in purchase mortgage applications ... MND NewsWire - 9:35AM One-Third of Metros at Pre-Crash Foreclosure Levels Despite what was termed a seasonal increase in March, foreclosure activity in the first quarter of 2016 was at its lowest level in nine years . RealtyTrac's U.S. Foreclosure Market ... MBS Commentary - 8:29AM MBS Day Ahead: 2nd Day Fighting to Hold The Range Positive trend in bonds that began in mid March is over a break above 1.80% in 10yr yields would reinforce creation of new negative trend CPI is the data headline, but technicals/ tradeflows ... Foreclosure Inventory Lowest since 2007 PHH/CFPB Battle to be Long and Arduous; PrimeLending and Mutual of Omaha's JV Latest Video Lagarde on 2016 rate hike: Let's hope so Wells Fargo tops estimates 'Seriously delinquent' loans may get reduction More News from 'Around the Web' CNBC - 4:04PM Most think economy is 'getting worse' CNBC - 2:34PM Fixing up your home? Here's what pays off Reuters - 12:44PM Fed's Lockhart says inflation may be firming, but not certain CNBC - 12:44PM Fed's Lockhart sees 2, 3 rate hikes CNBC - 12:43PM Miami real estate is melting down CNBC - 12:43PM Greenspan: Why productivity is weak CNBC - 10:56AM Traders: ZERO chance of April Fed hike Reuters - 10:56AM Fed to raise rates twice this year but conviction fading: Reuters poll freddiemac.mwnewsroom.com - 10:53AM Mortgage Rates Hit New 2016 Lows Reuters - 9:40AM U.S. inflation pressures benign, but labor market firming Market Watch - 9:40AM Lockhart says he won't support interest rate increase in April Bloomberg - 9:38AM Euro-Area Bonds Decline as Inflation Unexpectedly Stagnates CNBC - 9:38AM Setting the stage to sell your home Reuters - 8:01AM BlackRock quarterly profit falls 20 percent Washington Post - 7:59AM Lack of inventory pushes up home prices in Northern Virginia Bloomberg - 7:58AM Japan Investors Sold Most Foreign Bonds Since June as Yen Soared Bloomberg - 7:56AM Fannie, Freddie Rally After Fairholme Case Documents Unsealed Reuters - 7:56AM Bank of America profit slides on weak trading CNBC - 7:56AM US Treasurys lower ahead of inflation data Today's Rates Best Execution Rate Change 30 Yr FRM 3.66% +0.01 15 Yr FRM 2.96% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.59% +0.01 5/1 Yr ARM 3.00% +0.02 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 3.86% 0.32 -0.08 15 Yr. Fixed 3.10% 0.37 -0.09 30 Yr. Jumbo 3.76% 0.27 -0.06 30 Yr. FHA 3.73% 0.36 -0.03 5/1 ARM 2.94% 0.26 -0.13 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 3.0 102.48 -0.11 30YR FNMA 3.5 104.77 -0.02 30YR GNMA 3.0 103.52 -0.11 30YR GNMA 3.5 105.55 -0.06 15YR FNMA 3.0 104.45 -0.03 15YR FNMA 2.5 102.73 -0.08 Treasuries Yield Change 2 YR 0.7743% +0.0239 5 YR 1.2549% +0.0375 10 YR 1.7937% +0.0263 30 YR 2.6051% +0.0207 Prices as of: 4/14/2016 4:22PM 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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