Daily Newsletter: Rates Remain at 2017 Highs; New Home Sales Tank

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30 Year Fixed 4.31%   +0.03 15 Year Fixed 3.50%   +0.03 10YR Treasury 2.51%   -0.0110 FNMA 30YR 3.5 101.84   +0.01 FNMA 15YR 2.5 102.34   +0.02 View Today's Rates

Thursday January 26, 2017 Mortgage Rate Watch - 3:17PM Rates Remain Higher Despite Afternoon Recovery Mortgage rates moved higher for the 6th time in the past 7 business days, even after several lenders offered mid-day improvements in the afternoon. That leaves them at their highest ... MND NewsWire - 10:56AM Cash Sales' Return to Normalcy Remains Elusive Sales of distressed properties continue to represent a diminishing share of the housing market as does the use of all-cash for housing purchase. Still CoreLogic, in its dual reports ... MND NewsWire - 10:52AM New Home Sales End 2016 on Negative Note New home sales contracted sharply in December, more than reversing their November gain and ending the year at a slightly lower rate than that of the previous December. For the year ... Pipeline Press - 10:27AM Government News; Glass Steagall Primer; Ginnie & Capital Markets News The average used car depreciated about 23% last year, faster than the historical average annual rate of 18%, per the National Automobile Dealers Association report. Years of rising ... MBS Day Ahead: The Trend is Not Our Friend Home Price Gains Still Above 6% Year-Over-Year Latest Video New home sales median price $322,500 (December) Santelli Exchange: Will the national debt bomb explode? Mexican president cancels meeting with Trump in US More News from 'Around the Web' Bloomberg - 4:17PM Mnuchin Faces Senate Questions on China View, Volcker Rule, Debt www.realtor.com - 4:16PM Homeowners' Quest for the Best Schools Market Watch - 4:16PM Bernanke says Fed shouldn't rush to sell assets Market Watch - 2:07PM Yellen may be the foil of the Trump administration CNBC - 2:07PM From Aspen to the Hamptons, luxury home sales are in a slump Bloomberg - 1:58PM Bonds and Stocks Might Not Be Singing to the Same Trump Tune Calculated Risk Blog - 1:47PM A few Comments on December New Home Sales CNBC - 12:20PM Trump's eventual Fed chief is still going to be 'very dovish,' Jim Grant says www.cfpbmonitor.com - 10:59AM Ballard Spahr to hold webinar on 2016 presidential election's effect on consumer financial services www.brookings.edu - 10:22AM Bernanke: Shrinking the Fed's balance sheet freddiemac.mwnewsroom.com - 10:12AM Mortgage Rates Rise for First Time in 2017 Market Watch - 9:56AM Treasury yields on track to rise for third straight day CNBC - 8:36AM Should you retire with a mortgage or pay it off? CNBC - 8:35AM Bond investors eye auction, data www.realtor.com - 8:35AM The 20 Hottest Markets for U.S. Real Estate in January 2017 CNBC - 8:35AM Jobless claims rise, labor market still tightening Today's Rates Best Execution Rate Change 30 Yr FRM 4.31% +0.03 15 Yr FRM 3.50% +0.03 FHA 30 Year Fixed 3.85% +0.00 Jumbo 30 Year Fixed 4.38% +0.03 5/1 Yr ARM 3.11% +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 4.19% 0.40 +0.10 15 Yr. Fixed 3.40% 0.40 +0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.20% 0.40 -0.01 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 98.56 +0.03 30YR FNMA 3.5 101.84 +0.01 30YR GNMA 3.0 100.42 +0.03 30YR GNMA 3.5 103.27 -0.06 15YR FNMA 3.0 102.34 +0.02 15YR FNMA 2.5 99.77 +0.03 Treasuries Yield Change 2 YR 1.2281% -0.0120 5 YR 1.9640% -0.0141 10 YR 2.5062% -0.0110 30 YR 3.0859% -0.0141 Prices as of: 1/26/2017 4:28PM 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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