Daily Newsletter: Housing's Hot Streak Continues as Pending Sales Crush Expectations and Home Price Gains Top 6%

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30 Year Fixed 3.73%   -0.02 15 Year Fixed 3.00%   -0.01 10YR Treasury 1.83%   -0.0470 FNMA 30YR 3.5 104.63   +0.19 FNMA 15YR 2.5 104.19   +0.08 View Today's Rates

Thursday May 26, 2016 MND NewsWire - 10:45AM Housing's Hot Streak Continues as Pending Sales Crush Expectations This morning's strong pending home sales report was the third upbeat April housing indicator. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI ... MND NewsWire - 10:48AM Home Price Gains Top 6% Year-Over-Year Home prices appreciated in the first quarter of 2016 by 1.3 percent compared to the fourth quarter of 2015. The Federal Housing Finance Agency (FHFA) said this was the 19 th straight ... Pipeline Press - 10:23AM New Jumbo and Reverse Products; Chase and Wells Roll Out Low Down Payment Programs According to Reuters, the NY state financial regulator is gearing up to launch an investigation into the entire online lending industry . (The regulator has already been looking into ... Mortgage Rate Watch - 5:23PM Mortgage Rates Lowest in More Than a Week Mortgage rates moved modestly lower today. Given that rates had spiked last Wednesday and haven't moved too much since then, today's improvement was enough to get rates to the best ... Nearly ¾ of States in Stable Range According to Freddie Housing Indicator MBS Day Ahead: Auction Cycle Ends and Markets Ponder Fed's Mood Latest Video Well Fargo introduces 3% down payment mortgage Pending home sales soar 3% down mortgage responsible? More News from 'Around the Web' www.realtor.com - 5:16PM Looking to Buy? Do Your Homework and Get in Line freddiemac.mwnewsroom.com - 5:15PM Freddie Mac Issues Monthly Volume Summary for April 2016 www.freddiemac.mwnewsroom.com - 3:09PM Mortgage Rates Tick Up on Fed News Reuters - 3:09PM U.S. business spending mired in weakness, but economy picking up CNBC - 12:44PM Powell: Hike may come 'fairly soon' eyeonhousing.org - 10:48AM Apartment and Condominium Market Remains Steady in the First Quarter CNBC - 10:03AM Pending home sales up 5.1 pct, highest level in a decade Reuters - 9:02AM U.S. jobless claims fall more than expected last week CNBC - 9:02AM US durable goods surge on transportation, but business spending weak Reuters - 8:08AM Fed's Bullard: tight U.S. labor market may put upward pressure on inflation Reuters - 8:08AM New York financial regulator gearing up to probe online lenders - source CNBC - 8:05AM Wells Fargo launches 3% down payment mortgage Today's Rates Best Execution Rate Change 30 Yr FRM 3.73% -0.02 15 Yr FRM 3.00% -0.01 FHA 30 Year Fixed 3.30% +0.00 Jumbo 30 Year Fixed 3.75% -0.01 5/1 Yr ARM 3.01% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.37% 1.26 -0.14 30 Yr. Fixed 3.95% 1.30 -0.16 MBA ** 30 Yr. Fixed 3.82% 0.34 -0.05 15 Yr. Fixed 3.06% 0.33 -0.07 30 Yr. Jumbo 3.74% 0.31 -0.05 30 Yr. FHA 3.64% 0.25 -0.05 5/1 ARM 2.93% 0.22 +0.02 Freddie Mac ** 30 Yr. Fixed 3.64% 0.50 +0.06 15 Yr. Fixed 2.89% 0.50 +0.08 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.87% 0.50 +0.07 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 3.0 102.31 +0.25 30YR FNMA 3.5 104.63 +0.19 30YR GNMA 3.0 103.25 +0.19 30YR GNMA 3.5 105.47 +0.09 15YR FNMA 3.0 104.19 +0.08 15YR FNMA 2.5 102.45 +0.13 Treasuries Yield Change 2 YR 0.8750% -0.0514 5 YR 1.3474% -0.0621 10 YR 1.8264% -0.0470 30 YR 2.6386% -0.0302 Prices as of: 5/26/2016 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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