Daily Newsletter: Rates Rise Abruptly to 3-Week Highs; Builder Confidence Slides from 12-Year High

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30 Year Fixed 4.20%   +0.08 15 Year Fixed 3.39%   +0.06 10YR Treasury 2.42%   +0.0969 FNMA 30YR 3.5 102.16   -0.63 FNMA 15YR 2.5 102.59   -0.47 View Today's Rates

Wednesday January 18, 2017 Mortgage Rate Watch - 4:42PM Rates Rise Abruptly to 3-Week Highs Mortgage rates moved sharply higher today , more than erasing yesterday's improvement. In fact, in one fell swoop, rates essentially moved from the bottom of 2017's range to the top ... MND NewsWire - 10:39AM Builder Confidence Slides Off 12-Year High The Housing Market Index (HMI) backed down a bit from its post-election surge in January, dropping 2 points to a composite reading of 67. The National Association of Homebuilders (NAHB ... Pipeline Press - 9:07AM Deutsche Settles; Investor Requirement and Underwriting Changes The mortgage world is full of acronyms. Some refer to Finance of America as “FOAM,” for example. There are new ones every year, making it hard for old-timers in lending ... MND NewsWire - 8:19AM Refi Applications Continue Healing With Help From FHA Fee Cut Mortgage applications rose on a seasonally adjusted annual basis during the week ended January 13. The Mortgage Bankers Association said its Market Composite Index, a measure of applications ... MBS Day Ahead: Active Day for Data; Range Remains Intact Fed's Dudley Wants You to Refi (Safely, of Course) Latest Video Yellen: Rates will creep higher, not rise dramatically Fed: Economy growing at modest pace in most regions Most expensive home in the US More News from 'Around the Web' Federal Reserve - 3:19PM Yellen, The Goals of Monetary Policy and How We Pursue Them CNBC - 3:19PM 'Our foot is still pressing on the gas pedal,' but we've eased back, Yellen says CNBC - 3:19PM Here's how to figure out how much home you can afford Calculated Risk Blog - 3:19PM Fed's Beige Book: Modest expansion, Tight labor markets Market Watch - 2:06PM Fed's Beige Book: Price pressures ‘intensified' at end of last year CNBC - 2:02PM Fed's Kashkari says fiscal outlook not clear enough to change his forecasts Market Watch - 1:00PM Will a Trump presidency lead to more predatory lending? CNBC - 11:52AM Fed's Kaplan, warning on debt, urges care on fiscal policies Calculated Risk Blog - 11:51AM AIA: Architecture Billings Index increased in December CNBC - 10:08AM Homebuilder confidence pulls back by 2 points in January after election euphoria Reuters - 10:08AM U.S. banking regulator can sue banks over mortgage bonds: court www.builderonline.com - 9:40AM The Age-Old Rule of Listing in the Spring is Now Outdated Market Watch - 9:38AM Treasury yields rise as investors look ahead to ECB meeting CNBC - 9:38AM The Dow hasn't seen a month-long range this narrow since at least 1957 Reuters - 9:38AM Consumer prices rise on higher gasoline, rent costs Reuters - 9:36AM U.S. sues JPMorgan for alleged mortgage discrimination CNBC - 8:13AM Bond investors eye data, Yellen speech www.builderonline.com - 8:12AM Here's Where Millennials are Buying Homes Today's Rates Best Execution Rate Change 30 Yr FRM 4.20% +0.08 15 Yr FRM 3.39% +0.06 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.23% +0.05 5/1 Yr ARM 3.06% +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 4.12% 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 98.95 -0.78 30YR FNMA 3.5 102.16 -0.63 30YR GNMA 3.0 100.78 -0.58 30YR GNMA 3.5 103.38 -0.61 15YR FNMA 3.0 102.59 -0.47 15YR FNMA 2.5 100.14 -0.48 Treasuries Yield Change 2 YR 1.2173% +0.0649 5 YR 1.9267% +0.0976 10 YR 2.4222% +0.0969 30 YR 3.0048% +0.0755 Prices as of: 1/18/2017 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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