Daily Newsletter: Rates Hit 2017 Lows Again; Mortgage Banking Profits Rise; New Home Sales Soar

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30 Year Fixed 4.04%   -0.01 15 Year Fixed 3.27%   -0.01 10YR Treasury 2.23%   -0.0125 FNMA 30YR 3.5 103.03   +0.11 FNMA 15YR 2.5 103.14   +0.14 View Today's Rates

Thursday April 13, 2017 Mortgage Rate Watch - 12:07PM Rates Push 2017 Lows For 3rd Straight Day Mortgage rates set new 2017 lows for the third straight day today, although only in terms of "effective rates" (which take upfront costs into account). "Note rates" (which simply refer ... MND NewsWire - 11:59AM Mortgage Banking Profits Increased in 2016 Despite a terrible fourth quarter, independent mortgage banks and mortgage subsidiaries of chartered banks managed to have a slightly more profitable year in 2016 than they did in 2015 ... MND NewsWire - 11:41AM New Home Sales Soar, Prices Stabilize -MBA The Mortgage Bankers Association (MBA) says it appears that new home sales were exceptional strong in March. Its Builder Application Survey (BAS) shows purchase mortgage applications ... Pipeline Press - 9:16AM Training and Events; North Korea, France, Italy moving rates? Bank Changes - is Basel Faltering? The Trump administration is working to revise or replace the Dodd-Frank Act, President Donald Trump told a group of CEOs. House Financial Services Committee Chairman Jeb Hensarling ... MBS Day Ahead: Last Trading Day of The Week in Brave New World Important Mortgage Performance Metric Best in 10 Years Latest Video US consumer sentiment rises more than expected in April Yellen's job is not to be 'loved' by politicians: Jason Furman March PPI down 0.1%, weekly jobless claims down 1,000 to 234,00 More News from 'Around the Web' CNBC - 2:53PM 2017 shaping up to be fastest housing market on record Market Watch - 2:52PM Jamie Dimon says fixing mortgage industry would boost lending by $300 billion a year Calculated Risk Blog - 11:35AM Sacramento Housing in March: Sales down 2%, Active Inventory down 23% YoY CNBC - 10:33AM US consumer sentiment beats estimates in April freddiemac.mwnewsroom.com - 10:31AM Mortgage Rates Hit Lowest Mark of 2017 Bloomberg - 9:58AM Wells Fargo Revenue Misses Wall Street Estimates as Costs Climb CNBC - 9:58AM Bill Gross says stock market 'priced for too much hope' CNBC - 8:58AM Congressman: Here's why we've started crafting legislation to roll back Dodd-Frank Reuters - 8:57AM U.S. producer prices post first drop in seven months www.redfin.com - 8:57AM Home Sales and Prices Pick Up Steam as Supply Shortage Continues into Spring Reuters - 8:57AM U.S. jobless claims unexpectedly fall as labor market remains firm Reuters - 8:22AM JPMorgan profit rises 16.8 percent Reuters - 8:21AM Trump comments, North Korea fears sink dollar, bond yields CNBC - 8:21AM Here's how much you need to save to afford to buy a home Reuters - 8:21AM Citi profit rises 17 pct as fixed-income trading jumps www.wellsfargo.com - 8:20AM Wells Fargo Reports $5.5 Billion in Quarterly Net Income (PDF) Today's Rates Best Execution Rate Change 30 Yr FRM 4.04% -0.01 15 Yr FRM 3.27% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.31% -0.02 5/1 Yr ARM 3.07% -0.02 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 3.0 100.06 +0.03 30YR FNMA 3.5 103.03 +0.11 30YR GNMA 3.0 101.73 +0.41 30YR GNMA 3.5 104.20 +0.08 15YR FNMA 3.0 103.14 +0.14 15YR FNMA 2.5 100.77 +0.16 Treasuries Yield Change 2 YR 1.2053% +0.0038 5 YR 1.7641% -0.0101 10 YR 2.2320% -0.0125 30 YR 2.8884% -0.0016 Prices as of: 4/13/2017 2:06PM 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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