Daily Newsletter: Mortgage Rates End Week at Highs; Carson to "Examine" FHA Premium Cut

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30 Year Fixed 4.16%   +0.05 15 Year Fixed 3.36%   +0.04 10YR Treasury 2.40%   +0.0387 FNMA 30YR 3.5 102.52   -0.33 FNMA 15YR 2.5 102.75   -0.20 View Today's Rates

Friday January 13, 2017 Mortgage Rate Watch - 3:44PM Mortgage Rates End Week at Highs Mortgage rates moved higher today , even after many lenders offered mid-day improvements in the afternoon. Bond markets (which underlie rate movement) reacted negatively to this morning ... MND NewsWire - 11:33AM Carson will "Examine" FHA Premium Cut The surprise reduction in FHA annual premiums announced last week by the current Secretary of Housing and Urban Development (HUD) may not survive long into the new administration. Ben ... Pipeline Press - 9:05AM Primer on HUD and Carson Testimony, Thoughts on MIP Cut, and Reduced Government Footprint The average person in the residential lending sector would be hard pressed to say what Julian Castro, the current Secretary of HUD, does , or what role he serves. (Kind of like asking ... MBS Commentary - 8:26AM MBS Day Ahead: First and Only Major Econ Data of The Week Bond markets are beginning the day slightly stronger ahead of the week's only significant economic data. The 8:30am time slot brings Retail Sales (expected at +0.7) and Producer Prices ... Trulia Notes Increasing Incidence of Failed Sales MBA Expects December Decline in New Home Sales Latest Video Santelli: Rates are coming back pretty quick Santelli Exchange: The markets' engagement to better growth commitment Consumer sentiment 98.1 (January - Prelim) More News from 'Around the Web' CNBC - 3:43PM Op-Ed: Trump will use his real estate experience to rebuild the US—Or bankrupt the country The Atlantic - 1:52PM The End of Government Oversight? Bloomberg - 1:52PM Wells Fargo Plans to Close More Than 400 Branches Through 2018 - Bloomberg www.realtor.com - 11:51AM Forget What You Know: This Year, Sellers May Benefit From Listing Early Reuters - 11:51AM U.S. House Republicans to vote on Obamacare repeal CNBC - 10:10AM Consumer sentiment little changed in January, hits 98.1 Reuters - 8:49AM Wells Fargo's profit falls 6.4 percent CNBC - 8:49AM More pay, greater confidence lifts December retail sales CNBC - 8:48AM US Producer Price Index rose 0.3% in Dec, as expected Market Watch - 8:11AM Yellen backs Dodd-Frank rules again, sounds upbeat on economy Bloomberg - 8:09AM Carson Says 30-Year Mortgage May Not Need Government Backing www.realtor.com - 8:09AM Top Takeaways From HUD Secretary Nominee Ben Carson's Senate Hearing The Atlantic - 8:09AM Ben Carson's Impossible Vision for American Housing Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% +0.05 15 Yr FRM 3.36% +0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.22% +0.05 5/1 Yr ARM 3.05% +0.05 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 4.12% 0.50 -0.08 15 Yr. Fixed 3.37% 0.50 -0.07 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.23% 0.50 -0.10 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 99.39 -0.31 30YR FNMA 3.5 102.52 -0.33 30YR GNMA 3.0 100.94 -0.33 30YR GNMA 3.5 103.67 -0.36 15YR FNMA 3.0 102.75 -0.20 15YR FNMA 2.5 100.31 -0.19 Treasuries Yield Change 2 YR 1.1971% +0.0198 5 YR 1.8986% +0.0162 10 YR 2.3982% +0.0387 30 YR 2.9910% +0.0306 Prices as of: 1/13/2017 4:24PM 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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