Daily Newsletter: Mortgage Rates NOT at 2017 Highs; Residential Construction Starting at Quicker Pace Despite Decline in Permits

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30 Year Fixed 4.27%   +0.00 15 Year Fixed 3.47%   +0.00 10YR Treasury 2.54%   +0.0363 FNMA 30YR 3.5 101.48   -0.17 FNMA 15YR 2.5 102.00   -0.09 View Today's Rates

Thursday March 16, 2017 Mortgage Rate Watch - 1:12PM Mortgage Rates are Actually NOT at 2017 Highs Mortgage rates are right in line with yesterday's levels , and yesterday saw rates fall at the fastest pace of the year, ultimately reaching the lowest levels in more than a week. As ... MND NewsWire - 10:10AM New Construction Beginning at a Quicker Pace Despite Decline in Permits Housing permits were down in February, wiping out the gains posted in January, while housing starts also reversed course , posting the year's first gains. All three of the housing measures ... Pipeline Press - 9:50AM Non-QM Mews; Nationstar/CFPB/HMDA Penalty; Goldman Buying Delinquent Loans “Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that is stupid.” Different people are good at different ... MBS Commentary - 8:29AM MBS Day Ahead: Bonds Attempt to Consolidate Yesterday's Gains After the overnight session led bonds to open in modestly weaker territory, we're left with the sense that further gains aren't necessarily a given. As I cautioned yesterday, the rally ... Consumer Confidence Up; Renter Homebuying Enthusiasm Fades Builder Confidence Hits 12-Year High Latest Video Meritage Homes CEO: Too much regulation drives up housing costs and lowers profit margins El-Erian on Fed rate hike: Don't lose sight of two things Davis: Fed did good job setting market up for rate hike More News from 'Around the Web' CNBC - 4:57PM HUD Sec Ben Carson champions program Trump budget aims to kill Bloomberg - 3:34PM Yellen Faces a New Conundrum as Financial Conditions Defy Hike CNBC - 2:19PM The Fed will lead markets, not follow them, says Mohamed El-Erian www.builderonline.com - 12:33PM Where Millennials Are Looking for Mortgages Market Watch - 12:33PM The market's reaction was not what the Fed wanted, Goldman economist says CNBC - 8:52AM Housing starts rose in February, led by single-family homes www.redfin.com - 8:52AM Home Prices Jumped in February as Sales were Constrained by a Double-digit Inventory Dip Reuters - 8:50AM U.S. jobless claims fall as labor market tightens CNBC - 8:30AM Fed elation and Trump's budget the major themes on Wall Street CNBC - 8:29AM Trump's HUD budget cuts 42-year-old community assistance program Today's Rates Best Execution Rate Change 30 Yr FRM 4.27% +0.00 15 Yr FRM 3.47% +0.00 FHA 30 Year Fixed 3.88% -0.02 Jumbo 30 Year Fixed 4.50% +0.00 5/1 Yr ARM 3.08% -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 4.30% 0.50 +0.09 15 Yr. Fixed 3.50% 0.50 +0.08 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.28% 0.40 +0.05 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 98.20 -0.22 30YR FNMA 3.5 101.48 -0.17 30YR GNMA 3.0 100.06 -0.20 30YR GNMA 3.5 102.95 +0.02 15YR FNMA 3.0 102.00 -0.09 15YR FNMA 2.5 99.48 -0.13 Treasuries Yield Change 2 YR 1.3362% +0.0328 5 YR 2.0449% +0.0385 10 YR 2.5366% +0.0363 30 YR 3.1473% +0.0353 Prices as of: 3/16/2017 5:06PM 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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