Daily Newsletter: Rates Erase Last Week's Losses; 2016 a Good Year For Mortgage Distress

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30 Year Fixed 4.16%   -0.09 15 Year Fixed 3.37%   -0.08 10YR Treasury 2.41%   -0.0569 FNMA 30YR 3.5 102.36   +0.31 FNMA 15YR 2.5 102.71   +0.24 View Today's Rates

Monday January 23, 2017 Mortgage Rate Watch - 5:21PM Mortgage Rates Erase Last Week's Losses Mortgage rates fell somewhat significantly today, fully offsetting last week's rise. Specifically, today's average rates are back in line with those seen on Friday, January 23rd (keep ... MND NewsWire - 11:18AM 2016 Saw Mortgage Distress Recede Strongly The only loan performance metric reported by Black Knight Financial Service's December and thus year-end "first look" that rose in 2016 was the prepayment rate . That stat, despite ... Pipeline Press - 9:31AM Guild & Quicken in the Media; 2 Sides to the FHA About-Face; Events/Conferences Our thoughts and prayers go out to the families of those that lost their lives in storms in the South and East. On the other coast, Los Angeles has received more rain over the weekend ... MBS Commentary - 8:52AM MBS Week Ahead: Limited Data and Fed Blackout Leave Focus on Trump, Technicals Beginning on the business week before an FOMC Announcement, Fed speakers are "highly discouraged" (forbidden, basically) from making public speeches or comments regarding monetary policy ... FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out Whether Expansion or Recession in 2017, Housing will Survive Latest Video Santelli Exchange: The future of manufacturing Trump: We will cut taxes massively for middle class, companies Trump administration puts FHA cut on hold More News from 'Around the Web' eyeonhousing.org - 4:14PM Property Taxes by State – 2015 Reuters - 2:21PM Fed's Lacker favors faster rate hike path to curb inflation Reuters - 2:15PM Citi subsidiaries to pay $28.8 million over giving U.S. homeowners 'runaround': CFPB www.cfpbmonitor.com - 12:25PM Trump Administration issues regulatory freeze; application to CFPB uncertain CNBC - 12:25PM Wall St.'s elation turns to concern after Trump's first bizarre weekend Reuters - 12:24PM Trump signs order withdrawing U.S. from Trans-Pacific trade deal eyeonhousing.org - 12:17PM Residential Construction Employment Solid in December CNBC - 10:38AM President Trump sued over foreign payments to his firms: Court filing CNBC - 10:38AM Trump tells business leaders he wants to cut regulations by 75 percent or 'maybe more' www.bkfs.com - 9:19AM Black Knight Financial Services' First Look at December 2016 Mortgage Data www.realtor.com - 8:27AM The U.S. Cities That Are Gentrifying the Fastest—You'll Never Guess No. 1 Bloomberg - 8:20AM Beware the Hedge-Fund Wipeout in Treasuries as Bearish Bets Soar Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% -0.09 15 Yr FRM 3.37% -0.08 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.24% -0.06 5/1 Yr ARM 2.99% -0.09 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 99.22 +0.41 30YR FNMA 3.5 102.36 +0.31 30YR GNMA 3.0 100.97 +0.27 30YR GNMA 3.5 103.72 +0.22 15YR FNMA 3.0 102.71 +0.24 15YR FNMA 2.5 100.23 +0.31 Treasuries Yield Change 2 YR 1.1516% -0.0410 5 YR 1.8700% -0.0632 10 YR 2.4081% -0.0569 30 YR 2.9991% -0.0465 Prices as of: 1/23/2017 4:30PM 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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