Daily Newsletter: Home Sales, Prices hit Multi-Month Highs; Landlords Buying vs Building; Double-Digit Metros

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30 Year Fixed 3.64%   -0.01 15 Year Fixed 2.95%   -0.01 10YR Treasury 1.72%   -0.0275 FNMA 30YR 3.5 104.78   +0.08 FNMA 15YR 2.5 104.33   +0.02 View Today's Rates

Tuesday February 23, 2016 MND NewsWire - 11:01AM Existing Home Sales, Prices hit Multi-Month Highs Existing home sales and home prices both increased in January, the latter again driven by a tight supply of available houses in many markets. The National Association of Realtors® ... MND NewsWire - 10:39AM Single Family Landlords Buying, not Building One of the sea changes that swept in with the housing crisis was the growth of single family houses as a share of rental properties . Frank Nothaft, Senior Economist at CoreLogic said ... MND NewsWire - 10:30AM Home Price Gains Cooling Off Despite Some Double-Digit Metros Home price gains were somewhat mixed in December with some of the S&P Case-Shiller posting larger increases than in November and others negative or unchanged. The U.S. National ... Mortgage Rate Watch - 4:22PM Mortgage Rates Slightly Lower After Rocky Start Mortgage rates experienced some volatility today, but ended up in slightly stronger territory on average. At first, rates were higher, as underlying bond markets were quickly weakening ... Delinquencies at 11 Month High Training and Events; Conventional Conforming News and Underwriting Changes MBS Day Ahead: Points and Counterpoints as Stakes Rise Latest Video Millennials, listen up: Now's a good time to buy that home Low consumer confidence is a surprise: Pro Banks are dying to make loans: Jimmy Dunne More News from 'Around the Web' Bloomberg - 3:33PM Highest-Priced San Francisco Homes Widen the Gap With New York CNBC - 1:46PM Rent prices still climbing, but slower Bloomberg - 1:45PM Real Estate Mogul Katzman on Global Risk and Reward CNBC - 1:45PM Santoli: Home Depot is exceptional www.cfpbmonitor.com - 11:46AM CFPB invites comments on "Application Process for Designation of Rural Area under Federal Consumer Financial Law" CNBC - 10:24AM US existing home sales rise to six-month high CNBC - 10:24AM Consumer confidence declines in February CNBC - 9:17AM US home prices rise 5.7% in Dec: S&P/Case-Shiller Reuters - 9:15AM Housing recovery, unseasonable weather drive Home Depot results Reuters - 8:17AM Recovering housing market drives Home Depot sales, outlook Reuters - 8:17AM Toll Brothers quarterly revenue rises 8.8 percent CNBC - 8:16AM Dunne: Replace Yellen as Fed chair Bloomberg - 8:16AM More Subprime Borrowers Are Falling Behind on Their Auto Loans Reuters - 8:14AM Google is shuttering 'Compare,' including mortgage comparison tool Bloomberg - 8:14AM BlackRock Warns Bond Traders They're Underestimating the Fed CNBC - 8:12AM Some can't afford to buy homes in their hometown Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% -0.01 15 Yr FRM 2.95% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.49% +0.00 5/1 Yr ARM 2.90% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.20 -0.01 30 Yr. Fixed 4.12% 1.43 -0.05 MBA ** 30 Yr. Fixed 3.83% 0.36 -0.08 15 Yr. Fixed 3.11% 0.31 -0.07 30 Yr. Jumbo 3.74% 0.26 -0.02 30 Yr. FHA 3.67% 0.34 -0.05 5/1 ARM 2.92% 0.32 -0.04 Freddie Mac ** 30 Yr. Fixed 3.65% 0.50 +0.00 15 Yr. Fixed 2.95% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.85% 0.40 +0.02 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 3.0 102.58 +0.13 30YR FNMA 3.5 104.78 +0.08 30YR GNMA 3.0 103.45 +0.13 30YR GNMA 3.5 105.34 +0.05 15YR FNMA 3.0 104.33 +0.02 15YR FNMA 2.5 102.55 +0.05 Treasuries Yield Change 2 YR 0.7378% -0.0162 5 YR 1.1983% -0.0359 10 YR 1.7208% -0.0275 30 YR 2.5759% -0.0297 Prices as of: 2/23/2016 4:32PM 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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