Daily Newsletter: Buyers Increasingly Worried by Competition; Mortgage Availability Continues to Slide

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30 Year Fixed 3.71%   +0.01 15 Year Fixed 2.97%   +0.01 10YR Treasury 1.81%   -0.0365 FNMA 30YR 3.5 104.69   +0.06 FNMA 15YR 2.5 104.25   +0.08 View Today's Rates

Thursday June 2, 2016 MND NewsWire - 10:20AM Buyers Increasingly Worried by Competition What do buyers worry about as they shop for a home? It turns out one growing concern is other buyers like them. A Redfin survey of nearly 1,000 buyers found that, while 26 percent cited ... MND NewsWire - 10:08AM Mortgage Credit Access Continues to Slide Mortgage credit access continued to inch down in May. The Mortgage Bankers Association said its Mortgage Credit Availability Index (MCAI) decreased to 121.4, down 0.8 percent from April ... Mortgage Rate Watch - 3:21PM Mortgage Rates Slightly Higher Ahead of Jobs Data Mortgage rates rose modestly today, despite improvements in underlying bond markets. This was in line with our discussion about "the catch" associated yesterday's improvements. Specifically ... Pipeline Press - 9:53AM The Rise of The Technology Vendor - Updates Abound; Non-QM Survey Last night in Texas I had dinner with Seattle AE Bryson Bede and regional manager Dennis Waller from Parkside Lending. The discussion was focused on trends in wholesale lending and ... MBS Day Ahead: Potential Momentum Shift Requires Confirmation Construction Spending Falls at Fastest Pace in 5 Years Latest Video Draghi: Rates steady or lower for extended period June rate hike 'off the table': Pro Home flippers cash in More News from 'Around the Web' The Atlantic - 3:42PM The Surging Cost of Basic Needs freddiemac.mwnewsroom.com - 3:41PM Freddie Mac Sells $130 Million of Seriously Delinquent Loans Market Watch - 3:39PM The Fed: Yellen plans to speak at Jackson Hole summit in August Calculated Risk Blog - 3:39PM Goldman's May NFP Preview CNBC - 12:34PM Jamie Dimon on auto loans: 'Someone is going to get hurt' content.govdelivery.com - 10:24AM FDIC Announces $190 Million Settlement of Residential Mortgage-Backed Securities Claims with Eight Financial Institutions CNBC - 10:24AM Home flipping hits highs in 7 cities eyeonhousing.org - 10:24AM Market Share of Top Builders in 2009 and 2015 Market Watch - 8:36AM Fed's Tarullo sounds in no hurry to raise interst rates CNBC - 8:35AM Service sector accounted for all the job growth in May: ADP Bloomberg - 8:33AM ECB Stimulus Will Include Corporate Bonds Starting Next Week www.nytimes.com - 7:55AM Real Estate: Four Not-So-Obvious Things to Consider When Deciding to Buy or Rent www.realtor.com - 7:55AM Consumers Are Bummed by Politics, but Still Determined to Buy Homes Bloomberg - 7:53AM MetLife Boosts Mortgage Loans After 'Choppy' Hedge Fund Results - Bloomberg Reuters - 7:53AM AIG must face Pimco lawsuit over financial crisis losses Today's Rates Best Execution Rate Change 30 Yr FRM 3.71% +0.01 15 Yr FRM 2.97% +0.01 FHA 30 Year Fixed 3.30% +0.00 Jumbo 30 Year Fixed 3.71% +0.01 5/1 Yr ARM 3.05% +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 3.66% 0.50 +0.02 15 Yr. Fixed 2.92% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.88% 0.50 +0.01 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 3.0 102.44 +0.09 30YR FNMA 3.5 104.69 +0.06 30YR GNMA 3.0 103.27 +0.02 30YR GNMA 3.5 105.48 -0.05 15YR FNMA 3.0 104.25 +0.08 15YR FNMA 2.5 102.59 +0.11 Treasuries Yield Change 2 YR 0.8908% -0.0119 5 YR 1.3539% -0.0325 10 YR 1.8059% -0.0365 30 YR 2.5835% -0.0382 Prices as of: 6/2/2016 3:58PM 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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