Daily Newsletter: Lowest Rates in 3 Years; PHH Exits Correspondent Channel; Energy Not Hitting Distressed Sales

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30 Year Fixed 3.61%   -0.02 15 Year Fixed 2.90%   -0.02 10YR Treasury 1.78%   +0.0388 FNMA 30YR 3.5 104.94   -0.03 FNMA 15YR 2.5 104.58   0.00 View Today's Rates

Friday May 6, 2016 Mortgage Rate Watch - 5:09PM Lowest Rates in 3 Years For Some Lenders Mortgage rates moved lower today, following after the labor department reported lower-than-expected job creation in the month of April. Interestingly enough, the bonds that underlie ... MND NewsWire - 10:51AM CoreLogic: no Energy-Related Increases in Distressed Sales Distressed properties represented a smaller share of all home sales once again in February. CoreLogic reports that 11.1 percent of closed sales during the month were properties either ... MND NewsWire - 10:48AM Fannie Posts Profit, will Continue Dividend Payments In releasing its first quarter financial results on Thursday Fannie Mae surprised some by not following Freddie Mac down the rabbit hole. The larger of the two GSEs (government sponsored ... Pipeline Press - 10:04AM PHH Bails on Correspondent Channel; More Mortgage Earnings; New MI Player? In residential lending banks, and regulators, fret about non-banks. Do they have enough capital to originate and service loans? And everyone frets about online lenders for a myriad ... PMI Insurers Going After High Quality Borrowers MBS Day Ahead: Some Things Are True Regardless of NFP Latest Video Santelli Exchange: Outrunning 'the bear' Santelli: Treasuries take a 'U-turn' at high speed April nonfarm payroll jobs up 160,000 More News from 'Around the Web' Market Watch - 5:32PM U.S. stocks gain but log second straight week of losses CNBC - 5:32PM Dudley: 2 hikes this year reasonable Bloomberg - 5:26PM Trump's Comments on U.S. Debt Seen as Non-Starter by Bond Market Bloomberg - 2:28PM Treasuries Poised for Second Weekly Advance as Fed Seen on Hold Reuters - 12:44PM BlackRock sees no more than one U.S. rate hike in 2016 Market Watch - 12:44PM Treasury yields tumble to nearly 1-month low after jobs report Bloomberg - 8:15AM AIG Said to Target $4B Valuation in Mortgage Unit IPO CNBC - 8:15AM Bond investors look to nonfarm payrolls data Today's Rates Best Execution Rate Change 30 Yr FRM 3.61% -0.02 15 Yr FRM 2.90% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.59% -0.01 5/1 Yr ARM 3.00% +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 3.0 102.73 -0.08 30YR FNMA 3.5 104.94 -0.03 30YR GNMA 3.0 103.69 +0.22 30YR GNMA 3.5 105.61 +0.03 15YR FNMA 3.0 104.58 0.00 15YR FNMA 2.5 103.00 -0.02 Treasuries Yield Change 2 YR 0.7380% +0.0198 5 YR 1.2289% +0.0321 10 YR 1.7789% +0.0388 30 YR 2.6276% +0.0308 Prices as of: 5/6/2016 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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