Daily Newsletter: Existing Home Inventory Hits Record Low; Mortgage Rates Higher as Volatility Continues

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30 Year Fixed 4.23%   +0.07 15 Year Fixed 3.43%   +0.06 10YR Treasury 2.46%   +0.0553 FNMA 30YR 3.5 102.06   -0.30 FNMA 15YR 2.5 102.47   -0.24 View Today's Rates

Tuesday January 24, 2017 Mortgage Rate Watch - 3:56PM Mortgage Rates Higher as Volatility Continues Mortgage rates have been volatile recently, with 3 out of the past 5 business days seeing much-bigger-than-average moves. After improving nicely yesterday, rates rose quickly today ... MND NewsWire - 11:15AM Existing Home Inventory Hits Record Low Existing home sales finished out 2016 with a generally expected decline. Still, the National Association of Realtors® (NAR) said today that 2016 overall was the best year for existing ... Pipeline Press - 9:43AM Bad News for Wells, HomeStreet, Banc of California, Citi, and Others; CFPB Advisory Spots Open Depository banks know that, per the AARP, more than 67% of US assets are controlled by individuals age 50+, with this group representing more than 67% of all bank deposits. If you don’t ... MBS Commentary - 9:10AM MBS Day Ahead: Bonds Feeling Out Expanded Range Amid Limited Data Today's only significant economic data hits at 10am ET with Existing Home Sales (5.52 mln forecast vs 5.61 mln previously). Given the bigger decline in the most recent Pending Home ... 2016 Saw Mortgage Distress Recede Strongly Guild & Quicken in the Media; 2 Sides to the FHA About-Face; Events/Conferences Latest Video Nasdaq hits all-time high Existing home sales down 2.8% (Dec.) Here's what a 3% economy looks like... More News from 'Around the Web' Calculated Risk Blog - 2:35PM BLS: Unemployment Rates Lower in 10 states, Stable in 39 states in December Reuters - 2:35PM ECB should soon start discussing exit from stimulus: Lautenschlaeger CNBC - 1:12PM Homebuilders ETF on course for best day in 8 months after earnings, data CNBC - 11:55AM Why the supply of homes for sale is the lowest since 1999 CNBC - 10:19AM Six credit score myths debunked Reuters - 10:19AM U.S. deficit to shrink to $559 billion in fiscal year 2017: CBO www.gallup.com - 9:34AM US Economic Confidence Index at Post-Recession High Market Watch - 9:33AM Blackstone wins Fannie's backing for rental homes www.builderonline.com - 9:33AM Quicken Loans, the New Mortgage Machine Reuters - 8:19AM Deutsche Bank fails to end BlackRock, Pimco mortgage debt lawsuit Bloomberg - 8:18AM Wells Fargo Levied Fees on Mortgages It Delayed, ProPublica Says Today's Rates Best Execution Rate Change 30 Yr FRM 4.23% +0.07 15 Yr FRM 3.43% +0.06 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.29% +0.05 5/1 Yr ARM 3.03% +0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.06% 1.30 +0.03 30 Yr. Fixed 3.76% 1.38 +0.03 MBA ** 30 Yr. Fixed 4.41% 0.38 +0.13 15 Yr. Fixed 3.64% 0.34 +0.12 30 Yr. Jumbo 4.36% 0.26 +0.07 30 Yr. FHA 4.15% 0.29 +0.13 5/1 ARM 3.45% 0.26 +0.17 Freddie Mac ** 30 Yr. Fixed 4.09% 0.50 -0.03 15 Yr. Fixed 3.34% 0.50 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.21% 0.40 -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 98.83 -0.39 30YR FNMA 3.5 102.06 -0.30 30YR GNMA 3.0 100.63 -0.34 30YR GNMA 3.5 103.38 -0.34 15YR FNMA 3.0 102.47 -0.24 15YR FNMA 2.5 99.94 -0.30 Treasuries Yield Change 2 YR 1.1965% +0.0449 5 YR 1.9331% +0.0631 10 YR 2.4634% +0.0553 30 YR 3.0480% +0.0489 Prices as of: 1/24/2017 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. © 2017 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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