Daily Newsletter: Mortgage Rates Hold Steady Despite Market Volatility; Builder Confidence Unchanged for 3rd Straight Month

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30 Year Fixed 3.64%   +0.00 15 Year Fixed 2.94%   +0.00 10YR Treasury 1.77%   +0.0175 FNMA 30YR 3.5 104.84   -0.02 FNMA 15YR 2.5 104.41   -0.02 View Today's Rates

Monday April 18, 2016 Mortgage Rate Watch - 4:37PM Mortgage Rates Hold Steady Despite Market Volatility Mortgage rates held steady today , leaving them just off the lowest levels in nearly three years. Market conditions were somewhat volatile surrounding a weekend meeting in Doha regarding ... MND NewsWire - 10:44AM Builder Confidence Unchanged for 3rd Straight Month For the third consecutive month the Housing Market Index (HMI) was unchanged. After rising to a decade high of 65 in October, the HMI, jointly sponsored by the National Association ... Pipeline Press - 10:42AM Freedom's Statement on Settlement; What Big Bank Earnings Tell us About Lending Environment “Control the rules, control the outcome.” This old saying will be of particular interest in upcoming political events… or mortgage company lawsuits & settlements ... MBS Commentary - 10:13AM MBS Week Ahead: Bonds Fight Technical Battle With Housing Data in Background 2 separate narratives this week: market movement and housing data tall order for housing data to drive market movement, except in extreme cases markets are more likely to take cues ... FHFA Authorizes Principal Reduction for GSE Loans Conforming/Conventional and related MI changes; Does Principal Reduction Matter? Latest Video NAHB Sentiment Index 58 in April Santelli: Rates remain firm in tight range Santelli Exchange: Traders await central bankers More News from 'Around the Web' Bloomberg - 5:07PM Wells Fargo Named Primary Dealer for U.S. Debt by New York Fed Calculated Risk Blog - 5:06PM Lawler: Early Look at Existing Home Sales in March Reuters - 5:06PM UBS blamed in U.S. trial for $2.1 billion in mortgage bond losses www.wellsfargo.com - 5:06PM Wells Fargo Securities Designated a Primary Dealer by the Federal Reserve Bank of New York Reuters - 2:41PM If oil stays cheap, household spending could rise: Fed paper Market Watch - 2:41PM The Fed: Fed's Kashkari says U.S. economy in 'uncharted waters' www.realtor.com - 2:37PM Non-Bank Servicers Creating Bigger Mortgage Problems www.realtor.com - 10:50AM Mid-April Forecast: Warm Weather Will Bring Out Home Buyers Reuters - 10:49AM U.S. economy looks good but Fed remains cautious: Dudley CNBC - 9:04AM Why negative rates are so damaging: El-Erian www.realtor.com - 8:17AM The Boom Towns: America's Fastest Growing Neighborhoods CNBC - 7:52AM US Treasurys higher on safe-haven trade www.cfpbmonitor.com - 7:51AM CFPB Staff Presents Second TRID Rule Webinar for 2016 Today's Comments Pipeline Press - 1:38PM "Thank you for your comments everyone! I have gotten some more info and am in touch with someone. Ted - it sounds like you are correct in that it is quite difficult to actually get approved for one of these extenuating circumstances and requires more effort and documentation than even was required for..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% +0.00 15 Yr FRM 2.94% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.58% +0.00 5/1 Yr ARM 2.98% +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 3.82% 0.33 -0.04 15 Yr. Fixed 3.10% 0.37 +0.00 30 Yr. Jumbo 3.74% 0.31 -0.02 30 Yr. FHA 3.66% 0.29 -0.07 5/1 ARM 2.94% 0.20 +0.00 Freddie Mac ** 30 Yr. Fixed 3.58% 0.50 -0.01 15 Yr. Fixed 2.86% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.84% 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 3.0 102.63 0.00 30YR FNMA 3.5 104.84 -0.02 30YR GNMA 3.0 103.63 -0.03 30YR GNMA 3.5 105.63 +0.03 15YR FNMA 3.0 104.41 -0.02 15YR FNMA 2.5 102.67 -0.02 Treasuries Yield Change 2 YR 0.7455% +0.0119 5 YR 1.2304% +0.0179 10 YR 1.7693% +0.0175 30 YR 2.5799% +0.0206 Prices as of: 4/18/2016 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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