Daily Newsletter: Rates Rise to New 1-Month High; TRID Turn Time Delays Now Fully Erased; Another Upbeat Home Price Report

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30 Year Fixed 3.73%   +0.04 15 Year Fixed 3.00%   +0.03 10YR Treasury 1.86%   +0.0178 FNMA 30YR 3.5 104.52   -0.11 FNMA 15YR 2.5 104.30   -0.05 View Today's Rates

Thursday April 21, 2016 Mortgage Rate Watch - 4:41PM Mortgage Rates Rise to New 1-Month Highs Mortgage rates picked right up where they left off yesterday: pushing into the highest levels of the month. This week has seen the fastest rise in rates since early March. If we lose ... MND NewsWire - 10:22AM FHFA Home Price Increases Stabilize Home price increases across the U.S. remained stable in February at +0.4 percent after the Federal Housing Finance Agency (FHFA) revised its original January House Price Index (HPI ... MND NewsWire - 10:18AM What TRID Delays? Turn Times Lowest in a Year It appears that lenders have surmounted the initial difficulties they encountered with the roll-out of the new Truth-in-Lending disclosures (TRID) required by the Consumer Financial ... MBS Commentary - 8:56AM MBS Day Ahead: Focusing on ECB Press Conference and Technical Levels ECB leaves all rates unchanged; Draghi press conference begins now ECB typically saves the more meaningful communications for the press conference Economic data is 2nd fiddle to ECB ... Retail LO Survey; Subservicer Reviews; Florida LOs Know the Homestead Rules; Jumbo Delegated Programs First-Time Buyers Key to Organic Housing Market Latest Video 10-year note hits highest level in 3 weeks Santelli Exchange: Negative rates & market distortions Is the American dream dead? More News from 'Around the Web' eyeonhousing.org - 4:03PM Homeownership Tax Benefits Totaled More Than $100 Billion in 2014 Bloomberg - 1:53PM Euro Area Will Have Low Inflation for a Long Time: Draghi CNBC - 1:53PM Watch out US—ECB QE coming your way eyeonhousing.org - 12:10PM Remodeling Market Index Dips in First Quarter of 2016 www.realtor.com - 12:07PM Half of Future Home Buyers Waiting to Improve Credit Before Buying Bloomberg - 10:31AM D.R. Horton Beats Estimates as Homebuilder's Revenue Rises CNBC - 9:57AM ECB's Draghi: We haven't talked about helicopter money CNBC - 9:57AM Philly Fed business conditions get ugly in April Bloomberg - 9:57AM U.S. Jobless Claims Unexpectedly Drop to Lowest Level Since 1973 webfeeds.brookings.edu - 9:50AM Is there any ammo left for recession fighting? CNBC - 9:50AM Do you really need an open house? www.realtor.com - 8:21AM Thought Last Year Was Tough for Home Buyers? Just You Wait Bloomberg - 8:21AM Hamptons Home Sales Hit Three-Year Low on Wall Street Turbulence CNBC - 7:55AM ECB keeps main rate unchanged at 0.0 percent Reuters - 7:51AM D.R. Horton profit boosted by higher home sales Today's Rates Best Execution Rate Change 30 Yr FRM 3.73% +0.04 15 Yr FRM 3.00% +0.03 FHA 30 Year Fixed 3.30% +0.05 Jumbo 30 Year Fixed 3.64% +0.04 5/1 Yr ARM 3.02% +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 3.59% 0.60 +0.01 15 Yr. Fixed 2.85% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.81% 0.50 -0.03 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 3.0 102.14 -0.14 30YR FNMA 3.5 104.52 -0.11 30YR GNMA 3.0 103.14 +0.05 30YR GNMA 3.5 105.33 -0.13 15YR FNMA 3.0 104.30 -0.05 15YR FNMA 2.5 102.45 -0.06 Treasuries Yield Change 2 YR 0.8099% +0.0080 5 YR 1.3319% +0.0197 10 YR 1.8628% +0.0178 30 YR 2.6850% +0.0297 Prices as of: 4/21/2016 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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