Daily Newsletter: Slow Start for 2016 Cash Sales; Rates Eerily Steady; Condos Helping Home Sales; Axl Rose

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30 Year Fixed 3.73%   +0.00 15 Year Fixed 2.98%   +0.00 10YR Treasury 1.85%   +0.0053 FNMA 30YR 3.5 104.56   +0.03 FNMA 15YR 2.5 104.25   -0.02 View Today's Rates

Friday May 20, 2016 MND NewsWire - 5:22PM Slow Start for 2016 Cash Sales A decrease in cash sales in February put 2016 on track to have the lowest share of such transactions in eight years. CoreLogic said that all cash purchases accounted for 35.7 percent ... Mortgage Rate Watch - 4:28PM Mortgage Rates Hold Eerily Steady Mortgage rates held mostly steady today, as some lenders were just barely higher and others slightly lower than yesterday's latest levels. With that, the damage seen on Wednesday is ... MND NewsWire - 10:57AM Condo Sales Stoke Existing Home Numbers The National Association of Realtors® (NAR) said today that existing home sales sustained their recent momentum into April and rose 1.7 percent compared to March. Completed transactions ... MBS Commentary - 9:14AM MBS Day Ahead: The Irony of Axl Rose And The Bigger Picture It is the bigger picture, as opposed to day-to-day minutia that will drive trading momentum Trading levels and technicals suggest an utterly indecisive market in the bigger picture ... MBS RECAP: Bonds Abstain for 2nd Day Following FOMC MI Industry Gossip; HUD settlement; DOJ Goes After Guild Mortgage; Guild's response Latest Video Housing: In full bloom? Rate hike a real possibility now: Trader Existing home sales up 1.7% (April) More News from 'Around the Web' CNBC - 2:58PM Millennials may not be buying homes, but more are selling them Reuters - 2:57PM Banks identify possible replacements for U.S. Libor Bloomberg - 12:43PM LendingClub Is Ruining It for the Rest of Fintech Realtor.Org - 12:42PM Why Can't Borrowers Refinance Their Student Loan Debt? Reuters - 10:26AM U.S. existing home sales rise for second straight month, inventory still tight eyeonhousing.org - 9:22AM Multifamily Production: 1st Quarter 2016 Federal Reserve - 9:21AM Tarullo, Insurance Companies and the Role of the Federal Reserve CNBC - 8:06AM Bond investors eye data, Fed speaker Reuters - 8:04AM 'Risk-off flows' from stocks as hawkish Fed spook funds: BAML Today's Rates Best Execution Rate Change 30 Yr FRM 3.73% +0.00 15 Yr FRM 2.98% +0.00 FHA 30 Year Fixed 3.30% +0.00 Jumbo 30 Year Fixed 3.74% +0.00 5/1 Yr ARM 3.03% -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 3.0 102.23 0.00 30YR FNMA 3.5 104.56 +0.03 30YR GNMA 3.0 103.06 -0.22 30YR GNMA 3.5 105.56 +0.09 15YR FNMA 3.0 104.25 -0.02 15YR FNMA 2.5 102.53 -0.05 Treasuries Yield Change 2 YR 0.8844% +0.0005 5 YR 1.3700% -0.0017 10 YR 1.8488% +0.0053 30 YR 2.6363% +0.0054 Prices as of: 5/20/2016 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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