Daily Newsletter: Mortgage Rates NOT at 3-Year Lows; Zombies Vanishing; Closing Times Steady

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30 Year Fixed 3.73%   -0.02 15 Year Fixed 2.98%   -0.01 10YR Treasury 1.85%   -0.0121 FNMA 30YR 3.5 104.50   +0.08 FNMA 15YR 2.5 104.23   +0.02 View Today's Rates

Thursday May 19, 2016 Mortgage Rate Watch - 3:34PM Mortgage Rates Recover Somewhat, But Not Out of Woods Mortgage rates bounced back today, to some extent, after rising at the fastest pace in more than 3 months yesterday. Most of yesterday's damage remains, however, and most lenders are ... MND NewsWire - 9:54AM Zombie Foreclosures Down Sharply, Overall Vacancies Rise Zombie foreclosures, those in which the properties become vacant before the legal process is complete, are down 36 percent in the current quarter compared to the same period in 2015 ... MND NewsWire - 9:50AM Post-TRID Closing Times Hold Steady; Purchases Pick Up Loan closing timelines in April remained at the recent low levels established the previous month according to Ellie Mae's new Origination Insight Report although refinancing times increased ... MBS Commentary - 8:53AM MBS Day Ahead: What's Next if Bonds Remain Under Pressure? Yesterday was a wake-up call, forcing us to think about defense vs offense Shorter term trends already under attack longer term trends aren't too far away from being under attack revisiting ... Another Lender Purchased - M&A Won't Stop; "Don't Fight the Fed" Freddie Sees Housing Standing Out Amid Slowing Economy Latest Video Dudley: June is 'definitely a live meeting' Fed hike hint surprises economist Market-Fed feud: Santelli More News from 'Around the Web' CNBC - 3:51PM Fed economist: We talk too much www.cfpbmonitor.com - 3:50PM The CFPB's auto title loan report: last step to a payday/title loan proposal? Market Watch - 3:50PM How Wall Street will know a rate hike is imminent: Deutsche Bank CNBC - 1:38PM Marc Faber on real estate freddiemac.mwnewsroom.com - 10:27AM Mortgage Rates Hold Near 2016 Lows CNBC - 10:27AM Making the case against a June rate hike CNBC - 10:27AM Homesellers pull back in busy season Reuters - 9:36AM Fed's Fischer: U.S. economy needs faster potential growth eyeonhousing.org - 9:36AM Increase for Single-Family Built-for-Rent Construction Reuters - 9:36AM Drop in U.S. jobless claims boosts hopes of economic rebound Washington Post - 7:45AM Lowe's first-quarter profit tops projections Reuters - 7:43AM Five banks sued in U.S. for rigging $9 trillion agency bond market www.federalregister.gov - 7:42AM Federal Housing Administration (FHA): Strengthening the Home Equity Conversion Mortgage Program Today's Rates Best Execution Rate Change 30 Yr FRM 3.73% -0.02 15 Yr FRM 2.98% -0.01 FHA 30 Year Fixed 3.30% -0.05 Jumbo 30 Year Fixed 3.74% -0.01 5/1 Yr ARM 3.05% -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 3.58% 0.60 +0.01 15 Yr. Fixed 2.81% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.80% 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 3.0 102.19 +0.09 30YR FNMA 3.5 104.50 +0.08 30YR GNMA 3.0 103.23 +0.22 30YR GNMA 3.5 105.44 +0.03 15YR FNMA 3.0 104.23 +0.02 15YR FNMA 2.5 102.55 -0.02 Treasuries Yield Change 2 YR 0.8839% -0.0120 5 YR 1.3766% -0.0066 10 YR 1.8504% -0.0121 30 YR 2.6409% -0.0178 Prices as of: 5/19/2016 4:02PM 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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