Daily Newsletter: Foreclosures Surged in March; Flat Week For Mortgage Apps; Rates Rise Despite Market Improvement

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30 Year Fixed 3.61%   +0.01 15 Year Fixed 2.90%   +0.01 10YR Treasury 1.73%   -0.0176 FNMA 30YR 3.5 104.89   -0.13 FNMA 15YR 2.5 104.66   +0.03 View Today's Rates

Wednesday May 11, 2016 MND NewsWire - 2:09PM Foreclosures Surged in March Completed foreclosures were up in March, with a substantial increase compared to February, but continued to fall on an annual basis. CoreLogic said that there were 36,000 foreclosures ... MND NewsWire - 8:37AM Flat Week for Mortgage Applications Despite Low Rates Despite mortgage rates that continue to hover near 2016 lows, mortgage application activity was essentially flat during the week ended May 6. Refinancing applications lost market share ... Mortgage Rate Watch - 5:07PM Mortgage Rates Rise a Bit Despite Market Improvement Mortgage rates were very slightly higher today. That's counterintuitive because bond markets were slightly stronger, and that almost always coincides with rates moving lower. All of ... Pipeline Press - 9:13AM Ditech Layoffs, Stonegate Earnings; Documentation Requirements Continue to Change The other day I was reading about customer loyalty programs. My cat Myrtle was sitting nearby, and seemed to have a look on her face as if to ask, “How about we buck the trend ... MBS Day Ahead: Car Dealership Analogy for Bond Market Supply It's Spring--Must Be Time to Sell Houses! Latest Video Santelli Exchange: Santelli's Fed reflection 10-year note auction yield: 1.710% Santelli: Dollar may break six-day streak More News from 'Around the Web' Google News - 5:25PM Real Estate Agents, Appraisers Voice Concerns over FHA Appraisal Policies Market Watch - 5:25PM Economic Report: U.S. budget surplus for April down by a third www.realtor.com - 2:03PM An Entry-Level Salary Is Barely Enough to Make Rent in These Cities Calculated Risk Blog - 2:02PM Q1 2016 GDP Details on Residential and Commercial Real Estate Market Watch - 1:02PM These new apartment buildings are probably out of your league Bloomberg - 1:01PM Can This Real Estate Gimmick Save the World? CNBC - 10:35AM Dimon: Hard to predict election's affect on economy CNBC - 8:07AM Fed Never Anticipated Scope of Easy Money's Impact: Fisher www.realtor.com - 7:58AM Mortgage Rates Will Likely Remain Low, but Who Knows Where They'll Go? www.nytimes.com - 7:52AM 'Contract for Deed' Lending Gets Federal Scrutiny Today's Rates Best Execution Rate Change 30 Yr FRM 3.61% +0.01 15 Yr FRM 2.90% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.60% +0.01 5/1 Yr ARM 3.02% +0.01 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 3.61% 0.60 -0.05 15 Yr. Fixed 2.86% 0.50 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.80% 0.50 -0.06 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 3.0 102.69 -0.17 30YR FNMA 3.5 104.89 -0.13 30YR GNMA 3.0 103.70 +0.11 30YR GNMA 3.5 105.75 +0.08 15YR FNMA 3.0 104.66 +0.03 15YR FNMA 2.5 103.09 +0.05 Treasuries Yield Change 2 YR 0.7339% +0.0119 5 YR 1.2011% +0.0015 10 YR 1.7332% -0.0176 30 YR 2.5762% -0.0275 Prices as of: 5/11/2016 4:32PM 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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