Daily Newsletter: Rates Rise Gently From Long Term Lows; New Evidence Changing Fate of GSEs?

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30 Year Fixed 3.65%   +0.02 15 Year Fixed 2.95%   +0.02 10YR Treasury 1.77%   -0.0069 FNMA 30YR 3.5 104.78   -0.02 FNMA 15YR 2.5 104.48   0.00 View Today's Rates

Wednesday April 13, 2016 Mortgage Rate Watch - 4:41PM Mortgage Rates Rise Gently From Long Term Lows Mortgage rates pulled up just slightly today after spending the past few days near 3-year lows. The weakness in rates is in line with our discussion yesterday regarding the fact that ... MND NewsWire - 10:51AM Unsealed Documents put Government GSE Claims in Doubt The battle over the future of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac took another turn on Monday, this time one that looks favorable to the GSEs ... Pipeline Press - 10:44AM CFPB and Nonbank Servicers; Ex-CFPB Enforcement Attorney's Take on PHH/CFPB Hearing There is a lot of news today, ranging from political maneuvering through Chase’s earnings and on to the PHH/CFPB court case. But how about this one: President Obama forgiving ... MND NewsWire - 8:04AM Strong Week for Purchase and Refi Applications Mortgage applications made a strong showing during the week ended April 8 and for the first time in a while the gains were fairly evenly distributed between refinance and purchase applications ... MBS Day Ahead: Trading Range Fights For Survival as Big Data Hits Mortgage Lending Profitable in 2015 Despite Weaker 2nd Half Latest Video Santelli: Rates testing upper range Downpayment protection for skittish homeowners Futures Now: Oil hits fresh 2016 high More News from 'Around the Web' CNBC - 3:53PM Stock breakout developing? Reuters - 3:53PM Wells Fargo poses increasing threat to global financial system: report Calculated Risk Blog - 3:51PM Fed's Beige Book: Economic activity expanded in the "modest to moderate range" in most Districts CNBC - 12:30PM Loans decisions in seconds Calculated Risk Blog - 12:29PM Update: Framing Lumber Prices Up Year-over-year CNBC - 10:53AM Business inventories fall slightly CNBC - 9:50AM Producer prices fall on weak services costs www.wellsfargo.com - 9:46AM Wells Fargo Issues Statement Regarding Federal Reserve, FDIC 2015 Resolution Plan Ruling Reuters - 9:43AM U.S. retail sales fall, hurt by weak auto sales CNBC - 9:43AM Using home equity to fund retirement CNBC - 9:43AM Insurer seeks to ease housing bubble fears Reuters - 8:08AM Analysis: Fed eyes U.S. rate hike, but second-guesses economic gauges Bloomberg - 8:06AM BlackRock Likes Treasuries Ahead of Auctions; Gundlach Says Wait Bloomberg - 8:05AM Gundlach Recommends Mortgage Bonds Rather Than Corporate Debt Today's Rates Best Execution Rate Change 30 Yr FRM 3.65% +0.02 15 Yr FRM 2.95% +0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.58% +0.02 5/1 Yr ARM 2.98% +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 3.59% 0.50 -0.12 15 Yr. Fixed 2.88% 0.40 -0.10 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.82% 0.50 -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 3.0 102.59 +0.05 30YR FNMA 3.5 104.78 -0.02 30YR GNMA 3.0 103.63 +0.08 30YR GNMA 3.5 105.61 -0.03 15YR FNMA 3.0 104.48 0.00 15YR FNMA 2.5 102.81 +0.05 Treasuries Yield Change 2 YR 0.7504% +0.0119 5 YR 1.2174% +0.0097 10 YR 1.7674% -0.0069 30 YR 2.5844% -0.0107 Prices as of: 4/13/2016 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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