Daily Newsletter: Rates Officially Hit 3-Year Lows; Spring Selling Season Must Be Here!; Bonds Fight Secret Battle

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30 Year Fixed 3.60%   -0.01 15 Year Fixed 2.89%   -0.01 10YR Treasury 1.75%   +0.0018 FNMA 30YR 3.5 105.02   0.00 FNMA 15YR 2.5 104.63   -0.02 View Today's Rates

Tuesday May 10, 2016 Mortgage Rate Watch - 3:53PM Mortgage Rates Officially Hit 3-Year Lows Mortgage rates didn't move any lower today, but they earned an important distinction nonetheless. As of today, you'd have to go back 3 full years to see rate sheets any lower, on average ... MND NewsWire - 10:41AM It's Spring--Must Be Time to Sell Houses! The net number of consumers who told Fannie Mae surveyors in April they think it is currently a good time to sell a house soared in April. However, its impact on Fannie Mae's Home Purchase ... Pipeline Press - 10:34AM Renovation and Jumbo News; Lender Stocks Getting Slaughtered - Where's Your 401k? “Well, shakin' my moneymaker ain't ever made me a dime! And there ain't no sugar for you in this shaker of mine!” So sing Maddie and Tae. Conversely, homebuilders are pretty ... MBS Commentary - 9:51AM MBS Day Ahead: Bonds Fighting a Secret Battle The past 2 sessions only look boring on the surface Beneath the surface, bonds have been coping with a huge glut of corporate issuance What does it all mean? If you're anything like ... Don't Call it a Comeback: Flipping is Modest by Bubble Standards Lending Club CEO resigns; Upcoming Events/Training; USDA Rural Developments; Mortgage Credit Less Available Latest Video German 10-year hits lows at European close Grading the labor market Troubling signs from autos and housing More News from 'Around the Web' Bloomberg - 3:50PM Wells Fargo's Next-Day Loans Encroach on LendingClub's Turf Google News - 3:49PM HUD Secretary Castro, Panelists Discuss Housing Opportunities for Young Adults Repaying Student Debt Market Watch - 1:34PM Bond Report: Treasury yields rise as flurry of competing corporate sales to flood bond market CNBC - 1:34PM Online lenders told to come clean on how they work CNBC - 1:34PM Janet Yellen's favorite indicator www.gallup.com - 10:50AM U.S. Economic Confidence Index Stable at -14 CNBC - 10:49AM March job openings rise slightly CNBC - 10:49AM Wholesale inventories up 0.1% in March, in line with expectations CNBC - 10:49AM Big banks about to come under more fire www.wellsfargo.com - 10:49AM Wells Fargo launches FastFlexSM Small Business Loan Bloomberg - 10:46AM LendingClub Is Turning Out to Be Anything But a 'Direct' Lender Washington Post - 10:46AM Median price of homes sold in D.C. area hits 10-year high for month of April Bloomberg - 8:32AM Citigroup Says 10-Year Yield May Drop to 1.5% as Treasuries Gain www.corelogic.com - 8:26AM CoreLogic Reports 36,000 Completed Foreclosures in March 2016 Today's Rates Best Execution Rate Change 30 Yr FRM 3.60% -0.01 15 Yr FRM 2.89% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.59% -0.01 5/1 Yr ARM 3.01% -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 3.0 102.86 -0.02 30YR FNMA 3.5 105.02 0.00 30YR GNMA 3.0 103.59 -0.06 30YR GNMA 3.5 105.67 -0.08 15YR FNMA 3.0 104.63 -0.02 15YR FNMA 2.5 103.05 -0.05 Treasuries Yield Change 2 YR 0.7220% +0.0120 5 YR 1.1996% -0.0001 10 YR 1.7508% +0.0018 30 YR 2.6037% -0.0077 Prices as of: 5/10/2016 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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