Daily Newsletter: Rates at 2 Week Lows; Zillow Saga Continues; CFPB Constitutionality Hearing

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30 Year Fixed 4.24%   -0.02 15 Year Fixed 3.44%   -0.02 10YR Treasury 2.46%   -0.0379 FNMA 30YR 3.5 101.86   +0.20 FNMA 15YR 2.5 102.27   +0.16 View Today's Rates

Monday March 20, 2017 Mortgage Rate Watch - 3:58PM Mortgage Rates at 2 Week Lows Amid Political Uncertainty Mortgage rates were steady-to-slightly lower today, keeping them in line with the lowest levels in 2 weeks and very close to the lowest levels of the month. For most lenders, that means ... Pipeline Press - 10:58AM Zillow Saga Continues; Training and Events Say it ain’t so! Fannie is being bought by an Italian company?! Sure enough, Italy’s Ferrero International SA is buying U.S.-based Fannie May Confections Brands for $115 ... MND NewsWire - 2:39PM Congress Holding Hearing on CFPB Constitutionality The House Financial Services Committee has scheduled a hearing on March 21 titled "The Bureau of Consumer Financial Protection's (CFPB's) Unconstitutional Design." The hearing comes ... MND NewsWire - 3:28PM Fannie Mae Notes Hopeful Construction Outlook Fannie Mae's March economic forecast was written before the FOMC announced an increase in the fed funds rate last Wednesday. The company's economists assumed there would be an increase ... MBS Week Ahead: Light on Data But Fed Speakers May Shape The Outlook How FHA is Driving Conventional Refi Demand, Even as Rates Rise Latest Video Fed's Kashkari's dovish case for rates Fed's Kashkari's: Fed's balance sheet should be the next move Fed's Harker: 'Prudent' to raise rates More News from 'Around the Web' CNBC - 3:49PM Wells Fargo reports decrease in retail banking activity for February CNBC - 2:29PM Private-label mortgage bonds are rising from the grave www.cfpbmonitor.com - 1:17PM House subcommittee to hold hearing tomorrow on CFPB's constitutionality Calculated Risk Blog - 10:59AM Housing: Upside and Downside Risks CNBC - 9:37AM Fed's Kashkari, the lone dissenter, opposed the latest rate hike due to lack of inflation Reuters - 9:36AM Fed on track to raise rates twice more this year: Evans Calculated Risk Blog - 9:35AM Chicago Fed "Economic Growth Increased in February" Bloomberg - 8:39AM Post-Fed Calm in Treasuries Masks a Raging Bulls-Bears Debate Bloomberg - 8:38AM Bond Market Calm Is Threatened by Fed's $1.75 Trillion MBS Shift Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% -0.02 15 Yr FRM 3.44% -0.02 FHA 30 Year Fixed 3.85% +0.00 Jumbo 30 Year Fixed 4.44% -0.04 5/1 Yr ARM 3.10% +0.01 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 98.66 +0.25 30YR FNMA 3.5 101.86 +0.20 30YR GNMA 3.0 100.31 +0.08 30YR GNMA 3.5 103.11 +0.11 15YR FNMA 3.0 102.27 +0.16 15YR FNMA 2.5 99.75 +0.13 Treasuries Yield Change 2 YR 1.2924% -0.0284 5 YR 1.9866% -0.0334 10 YR 2.4626% -0.0379 30 YR 3.0770% -0.0326 Prices as of: 3/20/2017 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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