Daily Newsletter: Rates Hit April Highs; Home Sales Bounced Big in March; Mortgage Apps Stagnant; FTHB's are Key

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30 Year Fixed 3.69%   +0.05 15 Year Fixed 2.97%   +0.03 10YR Treasury 1.85%   +0.0581 FNMA 30YR 3.5 104.63   -0.17 FNMA 15YR 2.5 104.34   -0.06 View Today's Rates

Wednesday April 20, 2016 Mortgage Rate Watch - 5:15PM Mortgage Rates Jump to Highest Levels in April Mortgage rates jumped significantly higher today, relative to the almost perfectly flat trend that's been intact for more than a week. We were already a bit cautious due to yesterday ... MND NewsWire - 11:56AM Home Sales Bounced Big in March, But Lag January Pace Spring market buyers got down to business in March and existing home sales rebounded, up 5.1 percent but didn't quite recover from a disappointing February. The National Association ... MND NewsWire - 8:39AM Mortgage Apps Find Little Inspiration in Low Rates In a week when rates continued holding near multi-year lows, mortgage application activity increased, but the gain during the week ended April 15 was minimal, especially compared to ... MND NewsWire - 9:51AM First-Time Buyers Key to Organic Housing Market Fannie Mae's economists said Friday that housing indicators continue to be mixed. In the company's April Economic and Strategic Research report Senior Vice President and Chief Economist ... Broker and Internal Audit Programs; Housing Data Suggesting Turn For Worse? MBS Day Ahead: Trends Collide Today, Setting Stage for Bigger Moves Latest Video Futures Now: Oil's reversal Existing home sales up in March Yellen sends message won't 'upset apple cart': Pro More News from 'Around the Web' www.corelogic.com - 4:45PM CoreLogic Reports First Quarter 2016 Financial Results Market Watch - 4:45PM U.S. stocks gain for third day with S&P 500 at highest close since December Reuters - 4:44PM Banks pile into equities trading as salve for bond wounds Bloomberg - 3:18PM U.S. Stocks Fluctuate Amid Earnings With S&P 500 at 4-Month High Reuters - 1:45PM Trump leans toward replacing Fed chief if he wins White House CNBC - 1:45PM Houston's flood problem: Blame the pavement CNBC - 11:54AM Young homebuyers cringe on credit scores Reuters - 10:23AM Fed should better safeguard economic data, internal watchdog says Bloomberg - 10:22AM When the Recession Comes, We Can Always Drop Money Out of Helicopters CNBC - 8:24AM Monetary policy: Long road toward normal www.gallup.com - 8:08AM More Americans Say Real Estate Is Best Long-Term Investment CNBC - 8:08AM US Treasurys rise as oil drops Today's Rates Best Execution Rate Change 30 Yr FRM 3.69% +0.05 15 Yr FRM 2.97% +0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.60% +0.02 5/1 Yr ARM 2.99% +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 3.82% 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 3.0 102.28 -0.25 30YR FNMA 3.5 104.63 -0.17 30YR GNMA 3.0 103.09 -0.27 30YR GNMA 3.5 105.45 -0.05 15YR FNMA 3.0 104.34 -0.06 15YR FNMA 2.5 102.52 -0.13 Treasuries Yield Change 2 YR 0.8019% +0.0405 5 YR 1.3122% +0.0590 10 YR 1.8450% +0.0581 30 YR 2.6553% +0.0617 Prices as of: 4/20/2016 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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