Daily Newsletter: Rates Drop at 2017's Fastest Pace After Fed; Builder Confidence at 12-Year High

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30 Year Fixed 4.27%   -0.12 15 Year Fixed 3.47%   -0.14 10YR Treasury 2.50%   -0.1018 FNMA 30YR 3.5 101.66   +0.78 FNMA 15YR 2.5 102.09   +0.31 View Today's Rates

Wednesday March 15, 2017 Mortgage Rate Watch - 4:43PM Biggest Intraday Drop of the Year For Mortgage Rates Mortgage rates fell at their fastest pace of the year following today's rate hike announcement from the Fed. If you're wondering why mortgage rates fell while the Fed's rate moved up ... MND NewsWire - 10:31AM Builder Confidence Hits 12-Year High The National Association of Home Builders (NAHB) said its new home builder members displayed a surge of confidence this month. The NAHB/Wells Fargo Housing Market Index (HMI) jumped ... MND NewsWire - 1:15PM Consumer Confidence Up; Renter Homebuying Enthusiasm Fades The National Association of Realtors® (NAR) said consumer confidence is growing across the country, especially in rural and middle America. Its most recent quarterly Housing Opportunities ... MND NewsWire - 8:55AM Applications Rise Despite Rates at 3-Year Highs The volume of mortgage applications rose last week even as some interest rates reached their highest levels in nearly three years . The Mortgage Bankers Association (MBA) said that ... Differences Between Current and Previous FOMC Statements Upcoming Training and Conferences; Ginnie Changes; Warehouse Products MBS Day Ahead: Here Comes The Fed Latest Video Gross: Fed statement less hawkish than some had feared Dollar, Treasury yields fall after Fed decision Homebuyers waking up to rates ticking higher: Bill Emerson More News from 'Around the Web' NAFCU - 5:31PM CFPB: Mortgage company faces $1.75M HMDA penalty CNBC - 3:21PM Yellen tells consumers after rate hike: 'The simple message is the economy is doing well' Federal Reserve - 2:23PM Federal Reserve Board and Federal Open Market Committee release economic projections from the March 14-15 FOMC meeting CNBC - 2:23PM The Fed maintains 2017, 2018 rate forecast Google News - 10:34AM NAR HOME Survey: Economic, Financial Optimism Surges; Renters Lukewarm About Buying CNBC - 9:03AM Consumer prices rose at a slower pace in February Reuters - 9:02AM Wells Fargo, RBS, Deutsche Bank in $165 million NovaStar settlement CNBC - 9:02AM US retail sales rose 0.1% in Feb, as expected CNBC - 9:02AM Pimco: If Fed gets timid about hiking interest rates, it could create panic in bond market Bloomberg - 8:08AM Fed Is Poised to Revisit Inflation Forecast as Prices Pick Up Today's Rates Best Execution Rate Change 30 Yr FRM 4.27% -0.12 15 Yr FRM 3.47% -0.14 FHA 30 Year Fixed 3.90% -0.15 Jumbo 30 Year Fixed 4.50% -0.10 5/1 Yr ARM 3.10% -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 4.21% 0.50 +0.11 15 Yr. Fixed 3.42% 0.50 +0.10 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.23% 0.40 +0.09 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 98.42 +0.89 30YR FNMA 3.5 101.66 +0.78 30YR GNMA 3.0 100.27 +0.88 30YR GNMA 3.5 102.94 +0.69 15YR FNMA 3.0 102.09 +0.31 15YR FNMA 2.5 99.61 +0.39 Treasuries Yield Change 2 YR 1.3034% -0.0770 5 YR 2.0064% -0.1221 10 YR 2.5003% -0.1018 30 YR 3.1120% -0.0668 Prices as of: 3/15/2017 5:05PM 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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