Daily Newsletter: FHA Premium Cut Officially Reversed; Rates Stay High; Appraisal Fails; Housing Will Survive

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30 Year Fixed 4.25%   +0.01 15 Year Fixed 3.45%   +0.01 10YR Treasury 2.47%   -0.0033 FNMA 30YR 3.5 102.05   +0.09 FNMA 15YR 2.5 102.47   0.00 View Today's Rates

Friday January 20, 2017 MND NewsWire - 3:02PM FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out As was being widely rumored yesterday, the newly installed Trump Administration has indefinitely suspended a scheduled reduction in the annual premium for Federal Housing Administration ... Mortgage Rate Watch - 4:40PM Mortgage Rates Remain at Recent Highs Despite Afternoon Bounce Mortgage rates rose slightly today, on average, but performances varied by lender and depending on the time of day. Rates were higher across the board this morning as global bond markets ... MND NewsWire - 2:59PM Whether Expansion or Recession in 2017, Housing will Survive How will the economic philosophy that was altered by the last election actually evolve into policy? The is the question raised by Fannie Mae's Economic and Strategic Research Group ... MND NewsWire - 2:50PM Appraisal Fails Still Causing Issues Despite Improving Markets While it trails well behind credit history and debt-to-income levels, collateral problems are consistently the third most frequent cause of loan denials. CoreLogic said Home Mortgage ... Rising Rates Reflected in Increased Purchase Share Vendor News and New Products; Agency News and Updates--Stocks Slammed by Mnuchin MBS Day Ahead: Rates Don't Live in a One Story Building Latest Video Bill Gross skeptical of growth under Trump Trump gives first speech as President of the United States Trump's tax reform plan: Pros More News from 'Around the Web' Fannie Mae - 4:37PM 2017 Outlook: Will Policy Changes Extend the Expansion? ... Bloomberg - 1:55PM Trump Administration Overturns Obama's FHA Mortgage-Fee Cut Market Watch - 1:37PM Fed likely to start shrinking balance sheet this year: Harker HUD - 1:31PM New Mortgagee Letter Suspends FHA MIP Cut Calculated Risk Blog - 11:27AM Lawler: The Household Conundrum, Part I: The CPS/ASEC Data Market Watch - 10:04AM The Fed: Yellen not worried about surge of inflation Bloomberg - 9:59AM Yellen: I Believe in the Independence of Monetary Policy - Bloomberg www.redfin.com - 9:57AM 9 Home Improvement Projects to Make Your Home More Desirable in 2017 CNBC - 9:54AM China is working hard to support the yuan — it sold US bonds for 6 months CNBC - 9:52AM Bond investors eye Trump inauguration Bloomberg - 9:46AM Mnuchin Dashes Investors' Hopes of Quick Fannie-Freddie Windfall Today's Rates Best Execution Rate Change 30 Yr FRM 4.25% +0.01 15 Yr FRM 3.45% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.30% +0.00 5/1 Yr ARM 3.08% -0.02 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 98.81 +0.11 30YR FNMA 3.5 102.05 +0.09 30YR GNMA 3.0 100.70 +0.16 30YR GNMA 3.5 103.50 +0.14 15YR FNMA 3.0 102.47 0.00 15YR FNMA 2.5 99.92 -0.03 Treasuries Yield Change 2 YR 1.1926% -0.0328 5 YR 1.9332% -0.0284 10 YR 2.4650% -0.0033 30 YR 3.0456% +0.0042 Prices as of: 1/20/2017 4:31PM 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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