Daily Newsletter: Prices Surge 6.7 Percent Annually, Rates Fall to 2-Week Lows

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30 Year Fixed 3.64%   -0.02 15 Year Fixed 2.93%   -0.01 10YR Treasury 1.80%   -0.0707 FNMA 30YR 3.5 104.84   +0.17 FNMA 15YR 2.5 104.55   +0.17 View Today's Rates

Tuesday May 3, 2016 Mortgage Rate Watch - 5:01PM Mortgage Rates Fall to 2-Week Lows Mortgage rates moved lower again today as stock markets tumbled. The weakness in stocks was led by the European banking sector with several big names falling roughly 8 percent! Although ... MND NewsWire - 10:43AM March Home Prices Surge 6.7 Percent Year-Over-Year CoreLogic released the first of the major home price estimates for March on Tuesday. The company's Home Price Index (HPI) estimates for both January and February were substantially ... MND NewsWire - 10:38AM SoFi's Capital Raise; A Glance at Millennials; UK Parents Lend More Than Most Banks! Change is all around us. The Wall Street Journal reports that the CFPB plans to bring the largest online lending platforms under its supervision by 2017. In the primary markets LendingClub ... MBS Commentary - 10:02AM MBS Day Ahead: Markets Contemplate Fate Amid Dearth of Domestic Data Bond markets threatened to bounce weaker yesterday concern was that new month tradeflows were just the start of more selling hope was that it was just profit-taking on month-end bets ... Price Increases Muting Interest Rate Affordability Construction Spending Dips but Multi-Family Stays Strong Latest Video Santelli Exchange: 'US weakens, rest of world picks up' Santelli: "It's the roller coaster effect" Bank earnings pressure European markets More News from 'Around the Web' www.realtor.com - 4:23PM Whether They're Selling or Staying, Homeowners Rush to Remodel Bloomberg - 4:23PM Goldman: Don't Count on Janet Yellen to Let the Economy Run Hot The Atlantic - 1:03PM The Economy Is Great. The Economy Is Terrible. Market Watch - 1:02PM Earnings Results: Freddie Mac reports small enough loss to avoid bailout Google News - 10:45AM NAR Survey: Active Military Homebuyers Purchase at Younger Ages, Buy Larger and More Expensive Homes Reuters - 10:07AM Fed's Lockhart: Two rate hikes this year 'certainly possible', flags Brexit risk www.gallup.com - 10:07AM U.S. Economic Confidence Down in April webfeeds.brookings.edu - 8:32AM The dividing line between haves and have-nots in home ownership: Education, not student debt www.corelogic.com - 8:31AM CoreLogic US Home Price Report Shows Home Prices Up 6.7 Percent Year Over Year in March 2016 freddiemac.mwnewsroom.com - 8:29AM Freddie Mac Reports First Quarter 2016 Financial Results Reuters - 8:29AM Bank of America settles mortgage disputes with Federal Home Loan Bank of Seattle Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% -0.02 15 Yr FRM 2.93% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.60% -0.01 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 3.45% 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 3.66% 0.60 +0.07 15 Yr. Fixed 2.89% 0.60 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.86% 0.50 +0.05 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 3.0 102.61 +0.28 30YR FNMA 3.5 104.84 +0.17 30YR GNMA 3.0 103.41 +0.23 30YR GNMA 3.5 105.52 +0.13 15YR FNMA 3.0 104.55 +0.17 15YR FNMA 2.5 102.86 +0.20 Treasuries Yield Change 2 YR 0.7540% -0.0395 5 YR 1.2535% -0.0631 10 YR 1.7963% -0.0707 30 YR 2.6562% -0.0644 Prices as of: 5/3/2016 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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