Daily Newsletter: Existing Home Sales/Prices Reach Milestone Highs; 5-year Low in Jumbo Rates; Refis Up; Distressed Becomes Delinquent

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30 Year Fixed 3.59%   +0.02 15 Year Fixed 2.89%   +0.02 10YR Treasury 1.69%   -0.0242 FNMA 30YR 3.5 104.91   +0.13 FNMA 15YR 2.5 104.42   +0.03 View Today's Rates

Wednesday June 22, 2016 MND NewsWire - 11:05AM Existing Home Sales and Prices Reach Milestone Highs The median price of an existing home reached an all-time high in May and sales hit their highest pace in nearly a decade . The National Association of Realtors® (NAR) said on Wednesday ... Mortgage Rate Watch - 3:05PM Mortgage Rates Higher Still Despite Market Improvement Mortgage rates were higher for a 4th straight day today. That is a bit of a puzzler at first glance because bond markets are showing improvements from yesterday. 10yr yields are 0.02 ... MND NewsWire - 8:11AM Refinancing up as Jumbo Rates hit 5-Year Low Refinancing gained ground as interest rates fell during the week ended June 17. The Mortgage Bankers Association (MBA) reported that refinancing rebounded to a 57.7 percent share of ... MND NewsWire - 2:28PM Most Distressed Properties Now Simply Delinquent Distressed properties nationwide now total significantly less than 3 million according to data released on Wednesday by Black Knight Financial Services. The majority of that number ... Commercial and Multi-Family Market - Growing Weary; E-Signature Verification Webinar and Other Events Price Gains Pull Back on FHFA Index MBS Day Ahead: Yellen Circus Sending in Clowns; Brexit Countdown Shrinks; Last Auction Latest Video Existing home sales up 1.8% (May) Housing affordability Fed's Powell: Interest rate lower than I thought More News from 'Around the Web' Market Watch - 3:52PM Yellen agrees it is too soon to take her ‘foot off the pedal' to help labor market The Atlantic - 3:13PM The IMF's Warning to the U.S. Reuters - 1:39PM Fed's Yellen says no special meetings scheduled over Brexit Reuters - 1:38PM NY Fed may do 'enhanced monitoring' of SWIFT money transfers: Yellen www.realtor.com - 11:48AM Rents Are Booming, But for How Long? CNBC - 11:42AM Americans on the Brexit vote: Never heard of it CNBC - 10:32AM US existing home sales hit 9-year high www.bkfs.com - 10:31AM Black Knight Financial Services' First Look at May 2016 Mortgage Data CNBC - 8:08AM Mortgage applications up 3% on lowest rates in three years CNBC - 8:07AM US Treasurys flat as Yellen preps for second testimony Bloomberg - 8:06AM Renters Are Making More, And Landlords Get It All Today's Rates Best Execution Rate Change 30 Yr FRM 3.59% +0.02 15 Yr FRM 2.89% +0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.62% +0.01 5/1 Yr ARM 2.97% -0.03 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 3.54% 0.50 -0.06 15 Yr. Fixed 2.81% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.74% 0.50 -0.08 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 3.0 102.80 +0.16 30YR FNMA 3.5 104.91 +0.13 30YR GNMA 3.0 103.58 +0.14 30YR GNMA 3.5 105.70 +0.11 15YR FNMA 3.0 104.42 +0.03 15YR FNMA 2.5 102.77 +0.08 Treasuries Yield Change 2 YR 0.7472% -0.0198 5 YR 1.1960% -0.0025 10 YR 1.6852% -0.0242 30 YR 2.4999% -0.0127 Prices as of: 6/22/2016 4:05PM 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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