Daily Newsletter: Rates Continue Sideways for 3rd Straight Day; Ironic Foreclosure Milestone; HR 2121 Vote

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30 Year Fixed 3.72%   -0.01 15 Year Fixed 2.99%   +0.01 10YR Treasury 1.84%   -0.0138 FNMA 30YR 3.5 104.58   +0.02 FNMA 15YR 2.5 104.25   0.00 View Today's Rates

Monday May 23, 2016 Mortgage Rate Watch - 4:48PM Mortgage Rates Continue Sideways for 3rd Straight Day Mortgage rates were relatively steady again , marking the third straight business day with almost no rate movement following last week's quick spike higher. That spike was all about ... MND NewsWire - 10:03AM Foreclosures Hit Ironic Milestone Apparently the foreclosure crisis has undergone so much healing that it is no longer particularly newsworthy . We conclude that because, for the first time in recent memory, RealtyTrac ... Pipeline Press - 9:50AM HR 2121 Up For Vote; Freddie's New Security, Fannie's New Board Member My memory's not as sharp as it used to be. Also, my memory's not as sharp as it used to be. The Bureau of Labor Statistics reports nearly 20% of Americans 65 or older are currently ... MBS Commentary - 9:43AM MBS Week Ahead: Clock Ticks on New Era For Bonds, but Until Then... After 2012, low rates in US have followed Europe Even then, US rates have set their own limits Now we're bouncing along those limits again and 'consolidating' The next distinct move ... Condo Sales Stoke Existing Home Numbers Slow Start for 2016 Cash Sales Latest Video Ready for a June hike? Will the Fed raise rates? Fed's Williams sees 2-3 rate hikes in 2016 More News from 'Around the Web' Bloomberg - 3:41PM Deutsche Bank Post-Crisis Mortgage Positions Probed by SEC Calculated Risk Blog - 12:31PM Goldman Sachs on Rate Hike Odds: 35% in June, 35% in July CNBC - 12:30PM Fed shouldn't focus on market tantrum Reuters - 10:27AM Fed's Bullard: rates too low for too long could be risky CNBC - 10:24AM Gateway to real estate: 'House hacking' www.realtor.com - 10:22AM How Long Does It Take Buyers With Student Loans to Afford a Home? Calculated Risk Blog - 10:21AM CoreLogic: Far Fewer Low Credit Score Applicants Than Before Housing Crisis CNBC - 8:41AM Mohamed El-Erian: Market underestimating chance of Fed rate hike www.realtor.com - 8:40AM The New Hot Spots Where Americans Are Moving Right Now webfeeds.brookings.edu - 8:40AM Rooftop solar: Net metering is a net benefit Bloomberg - 8:39AM Fed 'Policy Mistake' Trade Seen Making Comeback in Bond Market www.npr.org - 8:37AM A Decade Out From The Mortgage Crisis, Former Homeowners Still Grasp For Stability www.freddiemac.com - 8:37AM Keep It Moving Today's Rates Best Execution Rate Change 30 Yr FRM 3.72% -0.01 15 Yr FRM 2.99% +0.01 FHA 30 Year Fixed 3.30% +0.00 Jumbo 30 Year Fixed 3.73% -0.01 5/1 Yr ARM 3.01% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.37% 1.26 -0.14 30 Yr. Fixed 3.95% 1.30 -0.16 MBA ** 30 Yr. Fixed 3.82% 0.34 -0.05 15 Yr. Fixed 3.06% 0.33 -0.07 30 Yr. Jumbo 3.74% 0.31 -0.05 30 Yr. FHA 3.64% 0.25 -0.05 5/1 ARM 2.93% 0.22 +0.02 Freddie Mac ** 30 Yr. Fixed 3.58% 0.60 +0.01 15 Yr. Fixed 2.81% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.80% 0.50 +0.02 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 3.0 102.30 +0.06 30YR FNMA 3.5 104.58 +0.02 30YR GNMA 3.0 103.16 +0.09 30YR GNMA 3.5 105.50 -0.06 15YR FNMA 3.0 104.25 0.00 15YR FNMA 2.5 102.48 -0.05 Treasuries Yield Change 2 YR 0.9010% +0.0166 5 YR 1.3684% -0.0016 10 YR 1.8350% -0.0138 30 YR 2.6255% -0.0108 Prices as of: 5/23/2016 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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