Daily Newsletter: Builder Confidence Ebbs; Rates Still Near 2017 Lows; CFPB Invites Comments; Trend is Our Friend For Now

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30 Year Fixed 4.04%   +0.00 15 Year Fixed 3.27%   +0.00 10YR Treasury 2.25%   +0.0178 FNMA 30YR 3.5 102.89   -0.06 FNMA 15YR 2.5 103.16   +0.02 View Today's Rates

Monday April 17, 2017 Mortgage Rate Watch - 3:47PM Mortgage Rates Fairly Steady Near 2017 Lows For the third day in a row, mortgage rates set new 2017 lows this morning. But as bond markets weakened into the afternoon, several lenders recalled rate sheets for "negative reprices ... MND NewsWire - 3:42PM CFPB Invites Comments on HMDA Rule Clarifications The Consumer Financial Protection Bureau (CFPB) has inviting comment periods on changes to its Home Mortgage Disclosure Act (HMDA) reporting rule. CFPB Director Richard Cordray said ... MND NewsWire - 10:44AM Builder Confidence Ebbs, But Still Solid Overall Even though overall builder confidence retreated from March levels, the National Association of Home Builders (NAHB) called the April reading of the NAHB/Wells Fargo Housing Market ... MBS Commentary - 9:09AM MBS Week Ahead: The Trend is Our Friend (Until It's Not) On Good Friday (when markets were closed), both Retail Sales and the Consumer Price Index came out weaker than expected. Of particular interest is the fact that Core year-over-year ... Lender Earnings; Banks Adjust Asset Mix Due to Fed Moves Mortgage Banking Profits Increased in 2016 Latest Video Weak economic growth for first quarter Rush into bonds a greater market risk than North Korea? Retail sales fell in March for the second straight month More News from 'Around the Web' CNBC - 3:37PM First-quarter growth was likely below 1%, according to latest survey Calculated Risk Blog - 1:17PM Phoenix Real Estate in March: Sales up 9%, Inventory down 10% YoY Market Watch - 12:27PM Unlike Yellen, rumored new Fed bank supervision chief supports rule-based interest rates CNBC - 10:45AM Atlanta and NY Fed cut US first quarter GDP view after weak data CNBC - 10:03AM Homebuilder sentiment slips 3 points to 68 in April Calculated Risk Blog - 9:08AM NY Fed: Empire State Manufacturing Index indicates slower expansion in April Market Watch - 8:32AM The Tell: 'Trump trade' reversal is afoot as money flows to bonds CNBC - 8:30AM US Treasurys rise amid geopolitical tensions The Basis Point - 8:29AM Amazon CEO Jeff Bezos just redefined Day 1 Certainty for mortgage execs www.builderonline.com - 8:26AM Millennials Do Want to Own Homes, Survey Shows Today's Rates Best Execution Rate Change 30 Yr FRM 4.04% +0.00 15 Yr FRM 3.27% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.31% +0.00 5/1 Yr ARM 3.07% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.06% 1.30 +0.03 30 Yr. Fixed 3.76% 1.38 +0.03 MBA ** 30 Yr. Fixed 4.41% 0.38 +0.13 15 Yr. Fixed 3.64% 0.34 +0.12 30 Yr. Jumbo 4.36% 0.26 +0.07 30 Yr. FHA 4.15% 0.29 +0.13 5/1 ARM 3.45% 0.26 +0.17 Freddie Mac ** 30 Yr. Fixed 4.08% 0.50 -0.02 15 Yr. Fixed 3.34% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.18% 0.40 -0.01 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 3.0 100.03 +0.03 30YR FNMA 3.5 102.89 -0.06 30YR GNMA 3.0 101.77 +0.09 30YR GNMA 3.5 104.30 +0.13 15YR FNMA 3.0 103.16 +0.02 15YR FNMA 2.5 100.75 +0.02 Treasuries Yield Change 2 YR 1.2052% -0.0001 5 YR 1.7773% +0.0132 10 YR 2.2498% +0.0178 30 YR 2.9062% +0.0178 Prices as of: 4/17/2017 4:12PM 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. © 2017 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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