Daily Newsletter: Existing Sales Hit 10yr High in October; Distressed Sales at 9yr Low; Rates Fight to Build Ceiling

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30 Year Fixed 4.10%   -0.02 15 Year Fixed 3.33%   -0.02 10YR Treasury 2.32%   -0.0053 FNMA 30YR 3.5 102.86   +0.08 FNMA 15YR 2.5 103.04   -0.04 View Today's Rates

Tuesday November 22, 2016 Mortgage Rate Watch - 5:16PM Mortgage Rates Continue Fighting to Build a Ceiling Mortgage rates stayed mostly steady today, on average. For the record, that means some lenders were in slightly better shape versus yesterday's latest levels while others were in worse ... MND NewsWire - 11:27AM Existing Home Sales Hit 10-year High in October October existing home sales added to September's rebound, rising to the highest annualized pace in nearly a decade . The National Association of Realtors® (NAR) said sales transactions ... MND NewsWire - 3:06PM Distressed Sales at Nine-Year Low All-cash sales represented 31.1 of the total home sales recorded in August, according to a CoreLogic report on cash and distressed home sales. This was a decline of 1.5 percentage points ... MBS Commentary - 9:48AM MBS Day Ahead: Comparing Current Move to Past Instances of "Repricing" Bond markets have quickly "repriced" their expectations for future inflation and growth based on the potential policy path of the Trump administration. Past examples of similar "reprices ... FHA/VA Lender Changes; Declining Number of Banks; Training/Events Congress Hears Appeals to Fix Dysfunctional Appraisal System Latest Video Harris: Why do they want inflation? Record highs for Dow, S&P 500 and Nasdaq Existing home sales up 2.0% in October More News from 'Around the Web' CNBC - 3:03PM The salary you need to afford rent in the 15 largest U.S. cities CNBC - 2:53PM Ending CFPB's 'Spanish Inquisition' of banks will boost mortgage market, expert says www.realtor.com - 12:50PM Home Prices Dip as Buyers and Sellers Head Into the Holidays Reuters - 12:49PM Trump says ex-rival Carson may lead U.S. housing department Bloomberg - 11:09AM Investors Have Hit the Pause Button on a Number of 'Trump Trades' CNBC - 9:55AM US stocks open higher, set new all-time highs eyeonhousing.org - 9:55AM New Multifamily Construction Dominated by Rental Production Bloomberg - 8:16AM Fed Hike Is Certainty for Bond Traders as Market Odds Reach 100% Today's Rates Best Execution Rate Change 30 Yr FRM 4.10% -0.02 15 Yr FRM 3.33% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.23% -0.02 5/1 Yr ARM 3.05% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.05% 1.21 -0.03 30 Yr. Fixed 3.74% 1.37 -0.06 MBA ** 30 Yr. Fixed 3.66% 0.33 -0.04 15 Yr. Fixed 2.95% 0.38 -0.04 30 Yr. Jumbo 3.64% 0.28 -0.05 30 Yr. FHA 3.52% 0.21 -0.04 5/1 ARM 2.92% 0.40 -0.07 Freddie Mac ** 30 Yr. Fixed 3.94% 0.50 +0.37 15 Yr. Fixed 3.14% 0.50 +0.26 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.07% 0.40 +0.19 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 99.83 +0.08 30YR FNMA 3.5 102.86 +0.08 30YR GNMA 3.0 101.45 +0.03 30YR GNMA 3.5 104.17 +0.05 15YR FNMA 3.0 103.04 -0.04 15YR FNMA 2.5 100.69 +0.02 Treasuries Yield Change 2 YR 1.0950% +0.0185 5 YR 1.7778% +0.0053 10 YR 2.3155% -0.0053 30 YR 3.0020% +0.0032 Prices as of: 11/22/2016 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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