Daily Newsletter: Rates Holding Near 2017 Lows; Inventory Issues Could Intensify

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30 Year Fixed 4.00%   +0.00 15 Year Fixed 3.26%   +0.00 10YR Treasury 2.15%   -0.0123 FNMA 30YR 3.5 103.17   +0.11 FNMA 15YR 2.5 102.95   +0.02 View Today's Rates

Friday June 16, 2017 Mortgage Rate Watch - 4:37PM Mortgage Rates Holding Most of Their Recent Gains Mortgage rates were flat today, after weaker-than-expected construction data prompted a positive bounce for bond markets. In general, bonds (which dictate mortgage rates) improve when ... MND NewsWire - 10:09AM Drop in Housing Starts Could Intensify Inventory Issues Both permits for construction of privately-owned housing units and beginning construction in May were well below expectations, the second consecutive month in which both declined. Each ... Pipeline Press - 9:17AM States Changing Lending and Foreclosure Laws; Housing Starts What are we going to be talking about this summer? One topic is the economy, and the thought that rising short-term rates are a signal that the economy has recovered to the point where ... MND NewsWire - 8:54AM Harvard Report Raises Housing Supply, Affordability Issues The Joint Center for Housing Studies (JCHS) at Harvard University has released its latest report on the State of the Nation's Housing . The report, is a snapshot of housing and housing ... MBS Day Ahead: Bonds May Not Decide Much Today, And That Would be a Good Thing Tight Supply, Strong Demand Push Record-Setting Home Sales Pace … Again Latest Video Amazon deal is another element of bringing costs down: Insana Best bets in housing: Analyst May housing starts down 5.5% vs. up 3.5% est. More News from 'Around the Web' Reuters - 4:57PM Weak inflation erodes conviction at Fed on rate hikes freddiemac.mwnewsroom.com - 4:57PM Freddie Mac Announces Pricing of $198 Million Multifamily Small Balance Loan Securitization CNBC - 2:56PM Fed should be cautious on further rate hikes, Kaplan says CNBC - 2:33PM From Reagan top to Trump bottom? A presidential chart of the 10-year yield Bloomberg - 2:24PM US Consumer-Sentiment Drop Shows Post-Election Bump Fading CNBC - 1:58PM Negative-yielding government debt 'supernova' jumps to $9.5 trillion Reuters - 12:13PM U.S. housing starts hit eight-month low; building permits weak Market Watch - 11:32AM The Fed: Fed's Kashkari says he didn't agree with Yellen that soft inflation is due to 'one-off' factors Calculated Risk Blog - 10:47AM BLS: Unemployment Rates Lower in 9 states in May, Four States at New Series Lows CNBC - 9:13AM The Fed wants to go on 'auto-pilot': Look out for storm clouds ahead Bloomberg - 9:12AM The Man Who Ran the Bank Bailout Is the Fed's Toughest Internal Critic Reuters - 9:12AM Is the Fed ready to consider lifting its inflation target? CNBC - 8:43AM US Treasurys lower as investors continue to respond to the Fed's bond holding cuts CNBC - 8:42AM US housing starts total 1.092M in May vs 1.215M starts expected Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% +0.00 15 Yr FRM 3.26% +0.00 FHA 30 Year Fixed 3.70% +0.00 Jumbo 30 Year Fixed 4.28% -0.01 5/1 Yr ARM 3.08% +0.01 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 3.91% 0.50 +0.02 15 Yr. Fixed 3.18% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.15% 0.50 +0.04 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 3.0 100.64 +0.16 30YR FNMA 3.5 103.17 +0.11 30YR GNMA 3.0 101.81 -0.22 30YR GNMA 3.5 104.02 -0.42 15YR FNMA 3.0 102.95 +0.02 15YR FNMA 2.5 100.92 +0.08 Treasuries Yield Change 2 YR 1.3192% -0.0363 5 YR 1.7433% -0.0182 10 YR 2.1514% -0.0123 30 YR 2.7752% -0.0120 Prices as of: 6/16/2017 5:04PM 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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