Daily Newsletter: New Twist on Occupancy Fraud; Rates Edge Higher; Refi Apps Tumble

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30 Year Fixed 4.20%   +0.02 15 Year Fixed 3.39%   +0.02 10YR Treasury 2.44%   -0.0073 FNMA 30YR 3.5 102.36   +0.02 FNMA 15YR 2.5 102.52   0.00 View Today's Rates

Wednesday January 4, 2017 MND NewsWire - 11:43AM A New Twist on Owner Occupancy Fraud We often hear that there is no such thing as a perfect crime. Perhaps that is why there is always a fraudster trying to improve them. CoreLogic says the newest wrinkle in mortgage fraud ... Mortgage Rate Watch - 4:13PM Mortgage Rates Steady to Slightly Higher Mortgage rates were slightly higher today, on average, but some lenders were unchanged from yesterday. Others were quoting higher rates in the morning and then issued positive reprices ... Pipeline Press - 9:19AM Credit Companies Penalized; FHA and VA Lender Changes Any LO looking for opportunity should look no further than this statistic: there were 189,100 multifamily rental units completed between the fourth quarter of 2015 and the third quarter ... MND NewsWire - 9:11AM Refi Apps Tumble, Even After Adjusting For Holidays The Mortgage Bankers Association returned from its holiday hiatus today, issuing its first update on mortgage applications' activity since that for the week ended December 16. The results ... MBS Day Ahead: Rescheduled ADP Leaves Bonds Without Major Data Prices Jump Most in 2 Years -CoreLogic Latest Video Home loan applications plunge Regulators fine TransUnion and Equifax for deceit over credit scores Fed frets fiscal policies More News from 'Around the Web' CNBC - 3:06PM Traders keep bets on two Fed rate hikes in 2017 Federal Reserve - 2:10PM Minutes of the Federal Open Market Committee, December 13-14, 2016 CNBC - 2:10PM Fed minutes: Fed concerned more fiscal policy could raise demand above sustainable levels The Atlantic - 2:09PM Credit Scores Are a Scam www.builderonline.com - 2:09PM Another Fat Year for Real Estate? Six Housing Market Predictions for 2017 OCC - 1:10PM OCC Reports Improved Mortgage Performance in Third Quarter of 2016 CNBC - 11:22AM Investors hate real estate stocks — and that could be good news for the sector Bloomberg - 11:21AM Harvard Academic Sees Debt Rout Worse Than 1994 'Bond Massacre' Calculated Risk Blog - 10:21AM Reis: Office Vacancy Rate declined in Q4 to 15.7% Reuters - 10:21AM U.S. LIBOR breaks above 1 percent for first time since 2009 www.gallup.com - 9:23AM U.S. Job Creation Index Ends 2016 on High Note Bloomberg - 8:27AM Manhattan Home Prices Fall as Sellers Concede to Slowing Market CNBC - 8:23AM Why 2017 will finally be the year of the smart home: Consumers figure it out Today's Rates Best Execution Rate Change 30 Yr FRM 4.20% +0.02 15 Yr FRM 3.39% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.21% +0.02 5/1 Yr ARM 3.02% +0.01 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 4.32% 0.50 +0.02 15 Yr. Fixed 3.55% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.30% 0.50 -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 99.20 -0.03 30YR FNMA 3.5 102.36 +0.02 30YR GNMA 3.0 100.91 -0.05 30YR GNMA 3.5 103.94 +0.02 15YR FNMA 3.0 102.52 0.00 15YR FNMA 2.5 100.11 -0.03 Treasuries Yield Change 2 YR 1.2220% +0.0039 5 YR 1.9306% -0.0099 10 YR 2.4390% -0.0073 30 YR 3.0389% -0.0073 Prices as of: 1/4/2017 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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