Daily Newsletter: Probably Delay, Possible Reversal of FHA Premium Cut; Rates Break Through Ceiling; Construction Bounces Back

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30 Year Fixed 4.24%   +0.04 15 Year Fixed 3.44%   +0.05 10YR Treasury 2.47%   +0.0461 FNMA 30YR 3.5 101.95   -0.20 FNMA 15YR 2.5 102.47   -0.13 View Today's Rates

Thursday January 19, 2017 Mortgage Rate Watch - 3:57PM Rates Break Through Important Ceiling Freddie Mac's weekly mortgage rate survey came out this morning showing the lowest rates in 3 weeks (don't get excited). This happens due to the survey's methodology, which unfortunately ... MND NewsWire - 12:19PM Probable Delay, Possible Reversal for FHA Premium Cut Secretary of Housing and Urban Development (HUD) nominee Ben Carson said at his confirmation hearing, "Certainly, if confirmed, I am going to work with the FHA administrator and other ... MND NewsWire - 10:04AM Construction Starts Bounce Back, Permits Remain Constrained Housing starts continued their see-saw pattern in December, rising 11.3 percent from November when they had fallen significantly after a sensational October. The increase this time ... Pipeline Press - 9:25AM Chase Settles Discrimination Issue; FHA Program Roiled by MIP Rumors How has housing changed in the last 100 years? It’s easy to see when a “vertical flight” is put together, and Trulia posted current listings that were built in every ... MBS Day Ahead: Draghi Press Conference and Data Contend With Range Break Builder Confidence Slides Off 12-Year High Latest Video Tensions run high at Mnuchin hearing Housing starts up 11.3% in December Mnuchin: I moved to save IndyMac during crisis More News from 'Around the Web' CNBC - 3:20PM How a one-two, Trump-Yellen punch may move interest rates Market Watch - 3:19PM Fannie, Freddie tumble as Mnuchin backs away from release plan Market Watch - 11:46AM Senate Finance Committee chairman defends Mnuchin against criticism about foreclosures www.cfpbmonitor.com - 10:48AM CFPB previews company portal update Calculated Risk Blog - 10:46AM Philly Fed: Manufacturing Activity Continued to Improve in January eyeonhousing.org - 10:24AM Remodeling Market Remains Positive in Fourth Quarter www.redfin.com - 10:24AM Housing Supply Hit a Three-Year Low in December as Home Prices Continued to Climb freddiemac.mwnewsroom.com - 10:23AM Irony: Freddie Says Rates Moved Lower for 3rd Consecutive Week www.federalregister.gov - 10:21AM Federal Housing Administration: Strengthening the Home Equity Conversion Mortgage Program CNBC - 9:04AM US jobless claims fall unexpectedly in latest week CNBC - 9:04AM ECB's monetary policy is 'politically awkward': Citi economist CNBC - 9:00AM New York probing reverse mortgages at Treasury nominee Mnuchin's ex-bank CNBC - 8:59AM US housing starts spike 11% in December Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% +0.04 15 Yr FRM 3.44% +0.05 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.30% +0.07 5/1 Yr ARM 3.10% +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 98.70 -0.25 30YR FNMA 3.5 101.95 -0.20 30YR GNMA 3.0 100.55 -0.23 30YR GNMA 3.5 103.36 -0.02 15YR FNMA 3.0 102.47 -0.13 15YR FNMA 2.5 99.95 -0.19 Treasuries Yield Change 2 YR 1.2254% +0.0081 5 YR 1.9616% +0.0349 10 YR 2.4683% +0.0461 30 YR 3.0414% +0.0366 Prices as of: 1/19/2017 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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