Daily Newsletter: Rates Start Higher; New Homes Dip after Strong Feb; First Look Shows Faster Prepayments

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30 Year Fixed 3.75%   +0.00 15 Year Fixed 3.02%   +0.00 10YR Treasury 1.91%   +0.0232 FNMA 30YR 3.5 104.42   -0.03 FNMA 15YR 2.5 104.23   -0.03 View Today's Rates

Monday April 25, 2016 Mortgage Rate Watch - 5:07PM Mortgage Rates Begin Week at Recent Highs Mortgage rates didn't move much , if at all, today. That's not exactly what we want to see right now considering they're as high as they've been since the 2nd half of March. The average ... MND NewsWire - 10:57AM Rates Spur Surge in Prepayment Rate in March The national delinquency rate as reported by Black Knight Financial Services has now dropped to levels not seen in 15 years while the serious delinquency rate (90 days or more past ... MND NewsWire - 10:53AM New Home Sales Dip from Strong February Numbers March was another disappointing month for new home sales however subsequent revisions continue to positively affect earlier estimates. The Census Bureau and the Department of Housing ... Pipeline Press - 10:01AM HUD & Fidelity Ink $1 Million Agreement; Trends in Equity, Rent, and Where People Are Buying I call home improvement projects ‘teaching my son to swear” jobs.” One group of folks not swearing are people in the residential lending industry – at least ... MBS Day Ahead: Action-Packed Week With Data, Fed, Auctions, and Technicals Remodelers see Slowdown Ahead Latest Video Santelli Exchange: Housing headwinds Santelli: Treasury rates break out March new home sales down 1.5% More News from 'Around the Web' CNBC - 4:16PM US oil slides 2.5 pct as banks warn of bearish forces Washington Post - 4:15PM Developers and home buyers are flocking to Southwest Washington Market Watch - 2:02PM The Fed: What to expect in the Fed's statement CNBC - 2:02PM Earnings season trend—layoffs CNBC - 2:01PM Fed caught between rock and hard place Market Watch - 10:59AM The market in a minute: Fed's tone, words will matter more than action www.builderonline.com - 10:11AM America's Rich Don't Believe They're Living The American Dream CNBC - 10:03AM New home sales hit 511K in March, versus 520K estimate CNBC - 9:44AM Fidelity sees disturbing trend Bloomberg - 9:42AM Bank Lending Shows Nobody Cares About the Fed PR Newswire - 9:41AM Black Knight Home Price Index Report: February 2016 Transactions -- U.S. Home Prices Up 0.7 Percent for the Month; Up 5.3 Percent Year-Over-Year www.builderonline.com - 8:12AM The Price of Paradise is Wrapped Up in Housing Calculated Risk Blog - 8:12AM FOMC Preview: No Rate Hike, Risks "Nearly Balanced" Bloomberg - 8:03AM Bond Inflation-Expectations Index Sets 9-Month High Before Fed Today's Rates Best Execution Rate Change 30 Yr FRM 3.75% +0.00 15 Yr FRM 3.02% +0.00 FHA 30 Year Fixed 3.35% +0.00 Jumbo 30 Year Fixed 3.66% +0.00 5/1 Yr ARM 3.00% +0.00 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 3.0 102.03 0.00 30YR FNMA 3.5 104.42 -0.03 30YR GNMA 3.0 103.09 +0.09 30YR GNMA 3.5 105.28 -0.02 15YR FNMA 3.0 104.23 -0.03 15YR FNMA 2.5 102.39 -0.03 Treasuries Yield Change 2 YR 0.8340% +0.0122 5 YR 1.3733% +0.0166 10 YR 1.9110% +0.0232 30 YR 2.7324% +0.0254 Prices as of: 4/25/2016 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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