Daily Newsletter: Rates Spike to 6-Week Highs After Fed; Housing a Bright Spot Amid Broader Economic Gloom

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30 Year Fixed 3.75%   +0.12 15 Year Fixed 2.99%   +0.05 10YR Treasury 1.85%   +0.0884 FNMA 30YR 3.5 104.42   -0.23 FNMA 15YR 2.5 104.22   -0.16 View Today's Rates

Wednesday May 18, 2016 Mortgage Rate Watch - 4:29PM Mortgage Rates Spike to 6-Week Highs After Fed Minutes Mortgage rates skyrocketed today, relative to their recent average daily movement, following the release of the Minutes from the most recent Fed meeting. At the time of the Fed's last ... MND NewsWire - 4:02PM Freddie Sees Housing Standing Out Amid Slowing Economy As Fannie Mae did earlier in its May Economic Summary, Freddie Mac today downgraded its outlook for economic growth for the remainder of 2016. And like its sister GSE, Freddie called ... MND NewsWire - 3:57PM Residential Investment Bright Spot in Gloomy GDP Picture Fannie Mae has again downgraded expectations for economic growth in 2016. Doug Duncan, senior vice president and chief economist and the ESR Macroeconomic Forecast Team said on Tuesday ... MBS Commentary - 9:06AM MBS Day Ahead: Here's How We Know Markets Are Anxious About Fed Just looking at 10yr or MBS doesn't paint too much of a picture But when we compare longer-term with shorter-term debt, things become clear Bond markets have increasingly grown 'spooked ... HSBC Job Cuts; FHA & VA Program & Lender Changes Little Change in Mortgage Application Volume Latest Video Santelli on Fed minutes: Finally! June rate hike back in play Fed members wanted option open for June hike More News from 'Around the Web' CNBC - 4:46PM Fed rate hike will juice economy, stocks: Jim Paulsen Federal Reserve - 2:25PM Minutes of the Federal Open Market Committee, April 26-27, 2016 CNBC - 2:25PM Fed likely to hike in June if data improve: Minutes CNBC - 2:25PM Rate hike odds spike across the board after Fed minutes CNBC - 1:57PM For homebuilders, new regs hurt Boston Fed - 1:56PM Moving to a New Job: The Role of Home Equity, Debt, and Access to Credit Market Watch - 1:56PM Bond Report: Treasury yields hit fresh 3-week highs as investors brace for Fed minutes Calculated Risk Blog - 10:35AM AIA: "Architecture Billings Index Shows Continued Modest Growth" www.realtor.com - 9:39AM It's a Great Time to Sell a Home—and to Buy Again freddiemac.mwnewsroom.com - 9:37AM Freddie Mac May 2016 Outlook CNBC - 8:14AM Which candidate is best for housing? Calculated Risk Blog - 8:12AM Wednesday: FOMC Minutes CNBC - 8:12AM US Treasurys fall on Fed rate hike jitters Bloomberg - 8:12AM Goldman's Hatzius Says Flattest Yields Since 2007 Misprice Fed Today's Rates Best Execution Rate Change 30 Yr FRM 3.75% +0.12 15 Yr FRM 2.99% +0.05 FHA 30 Year Fixed 3.35% +0.10 Jumbo 30 Year Fixed 3.75% +0.11 5/1 Yr ARM 3.07% +0.04 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 3.0 102.09 -0.33 30YR FNMA 3.5 104.42 -0.23 30YR GNMA 3.0 103.02 -0.34 30YR GNMA 3.5 105.41 -0.17 15YR FNMA 3.0 104.22 -0.16 15YR FNMA 2.5 102.56 -0.23 Treasuries Yield Change 2 YR 0.8959% +0.0691 5 YR 1.3832% +0.0916 10 YR 1.8538% +0.0884 30 YR 2.6587% +0.0638 Prices as of: 5/18/2016 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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