Daily Newsletter: MBA's "Good Fight"; Builder Confidence Stagnates; Rates Defy Markets

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30 Year Fixed 3.62%   +0.00 15 Year Fixed 2.92%   +0.01 10YR Treasury 1.75%   +0.0515 FNMA 30YR 3.5 104.75   -0.14 FNMA 15YR 2.5 104.59   -0.06 View Today's Rates

Monday May 16, 2016 MND NewsWire - 5:22PM Stevens: MBA will Continue Fighting the Good Fight Despite a mortgage lending environment that is both the most conservative and safest we have ever seen, David H. Stevens. President and CEO of the Mortgage Bankers Association (MBA ... MND NewsWire - 10:38AM Builder Confidence Unchanged - Again The index that measures builder confidence in the new home market was unchanged in May for the fourth straight month the National Association of Home Builders (NAHB) said on Monday ... Mortgage Rate Watch - 4:53PM Mortgage Rates Surprisingly Steady Despite Market Volatility Mortgage rates held surprisingly steady today, even though underlying bond markets were in noticeably weaker territory. As bonds weaken, rates normally move higher, but there's been ... Pipeline Press - 9:22AM Another DOJ/False Claims Settlement; Conventional Conforming Program Changes The European Central Bank has been collecting data on cyber-instances at 18 major banks as part of a pilot program that will be expanded to other lenders. The initiative is intended ... MND NewsWire - 5:22PM Stevens: MBA will Continue Fighting the Good Fight Despite a mortgage lending environment that is both the most conservative and safest we have ever seen, David H. Stevens. President and CEO of the Mortgage Bankers Association (MBA ... MND NewsWire - 10:38AM Builder Confidence Unchanged - Again The index that measures builder confidence in the new home market was unchanged in May for the fourth straight month the National Association of Home Builders (NAHB) said on Monday ... Mortgage Rate Watch - 4:53PM Mortgage Rates Surprisingly Steady Despite Market Volatility Mortgage rates held surprisingly steady today, even though underlying bond markets were in noticeably weaker territory. As bonds weaken, rates normally move higher, but there's been ... Pipeline Press - 9:22AM Another DOJ/False Claims Settlement; Conventional Conforming Program Changes The European Central Bank has been collecting data on cyber-instances at 18 major banks as part of a pilot program that will be expanded to other lenders. The initiative is intended ... MBS Week Ahead: Getting Closer and Closer to Big-Picture Decisions Delinquency Rates Return to Pre-Recession Levels MBS Week Ahead: Getting Closer and Closer to Big-Picture Decisions Delinquency Rates Return to Pre-Recession Levels Latest Video Santelli: Wild card of all Santelli Exchange: Less fear, more questions? Builder confidence flat More News from 'Around the Web' CNBC - 5:06PM This key recession signal is broken www.gallup.com - 3:06PM Economy Continues to Rank as Top U.S. Problem CNBC - 3:05PM 'Audit the Fed' taking a step forward freddiemac.mwnewsroom.com - 12:55PM Freddie Mac Adds New Multifamily Credit Risk Transfer Capability Bloomberg - 12:55PM Trump or Clinton: Who's Better for Real Estate? www.cfpbmonitor.com - 12:54PM House to hold May 18 hearing on CFPB's proposed arbitration rule Bloomberg - 12:54PM Home Depot Rides Wave of Americans Remodeling Their Homes: Chart Calculated Risk Blog - 10:37AM NAHB: Builder Confidence unchanged at 58 in May www.collateralvision.com - 10:37AM Starter Home Prices Are Rising Faster in the Housing Crunch www.freddiemac.mwnewsroom.com - 9:55AM New Freddie Mac Apartment Index Helps Determine if It's a Good Time to Invest CNBC - 9:12AM Fed may surprise in June: Strategists CNBC - 9:12AM NY manufacturing goes negative in May Bloomberg - 7:54AM BlackRock Bearish on Treasuries as Market Goes 'Too Far' on Fed CNBC - 5:06PM This key recession signal is broken www.gallup.com - 3:06PM Economy Continues to Rank as Top U.S. Problem CNBC - 3:05PM 'Audit the Fed' taking a step forward freddiemac.mwnewsroom.com - 12:55PM Freddie Mac Adds New Multifamily Credit Risk Transfer Capability Bloomberg - 12:55PM Trump or Clinton: Who's Better for Real Estate? www.cfpbmonitor.com - 12:54PM House to hold May 18 hearing on CFPB's proposed arbitration rule Bloomberg - 12:54PM Home Depot Rides Wave of Americans Remodeling Their Homes: Chart Calculated Risk Blog - 10:37AM NAHB: Builder Confidence unchanged at 58 in May www.collateralvision.com - 10:37AM Starter Home Prices Are Rising Faster in the Housing Crunch www.freddiemac.mwnewsroom.com - 9:55AM New Freddie Mac Apartment Index Helps Determine if It's a Good Time to Invest CNBC - 9:12AM Fed may surprise in June: Strategists CNBC - 9:12AM NY manufacturing goes negative in May Bloomberg - 7:54AM BlackRock Bearish on Treasuries as Market Goes 'Too Far' on Fed Today's Rates Best Execution Rate Change 30 Yr FRM 3.62% +0.00 15 Yr FRM 2.92% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.63% +0.02 5/1 Yr ARM 3.01% -0.01 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 3.57% 0.50 -0.04 15 Yr. Fixed 2.81% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.78% 0.50 -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 3.0 102.56 -0.20 30YR FNMA 3.5 104.75 -0.14 30YR GNMA 3.0 103.72 +0.02 30YR GNMA 3.5 105.56 -0.20 15YR FNMA 3.0 104.59 -0.06 15YR FNMA 2.5 103.09 -0.06 Treasuries Yield Change 2 YR 0.7863% +0.0363 5 YR 1.2607% +0.0519 10 YR 1.7533% +0.0515 30 YR 2.5949% +0.0448 Prices as of: 5/16/2016 4:31PM 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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