Daily Newsletter: MIP Cut Redux; 5 Deal-Killers; Rising Rates Bugging Buyers, but Rates Fell Today

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30 Year Fixed 4.12%   -0.03 15 Year Fixed 3.32%   -0.03 10YR Treasury 2.37%   -0.0510 FNMA 30YR 3.5 102.70   +0.19 FNMA 15YR 2.5 102.86   +0.17 View Today's Rates

Monday January 9, 2017 MND NewsWire - 11:24AM Breakdown of FHA's Multifaceted MIP Cut The annual premium paid by borrowers on mortgages backed by the Federal Housing Administration (FHA) is going down by a quarter of a percent. Housing and Urban Development (HUD) Secretary ... Community Commentary - 2:52PM 5 Weird Reasons You WON'T Get a Mortgage If you’re hoping to purchase a home soon, there are plenty of things to concentrate on. Your loan officer or realtor will probably give you a list of the documents you’ll ... MND NewsWire - 3:08PM Rising Rates Hurting Homebuyer Sentiment -Fannie Consumer perceptions about rising interest rates and stagnant income levels were the main contributors to a half-point decrease in Fannie Mae's Home Purchase Sentiment Index ® ... Mortgage Rate Watch - 6:28PM Mortgage Rates Recover Most of Friday's Losses Mortgage rates recovered much of Friday's losses today, moving back near the lowest levels in more than a month. To be fair, that's a claim they could have made on Friday, which was ... Refinancable Population Declines Even as Equity Rises Quicken's Parent Expands, Lots of Training and Events; Wage Inflation Primer MBS Day Ahead: Very Quiet in Terms of Data; Holiday Weekend Ahead Latest Video BB&T CEO: As interest rates give more spread income, may see relief on fees Fed's Power: Congress should look at Volcker Rule El-Erian: Keep an eye on the US dollar Today's Rates Best Execution Rate Change 30 Yr FRM 4.12% -0.03 15 Yr FRM 3.32% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.18% -0.02 5/1 Yr ARM 3.00% -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 4.20% 0.50 -0.12 15 Yr. Fixed 3.44% 0.50 -0.11 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.33% 0.40 +0.03 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 99.58 +0.21 30YR FNMA 3.5 102.70 +0.19 30YR GNMA 3.0 101.02 +0.13 30YR GNMA 3.5 103.86 +0.02 15YR FNMA 3.0 102.86 +0.17 15YR FNMA 2.5 100.48 +0.23 Treasuries Yield Change 2 YR 1.1856% -0.0282 5 YR 1.8760% -0.0479 10 YR 2.3683% -0.0510 30 YR 2.9620% -0.0443 Prices as of: 1/9/2017 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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