Daily Newsletter: Land Shortage Dims Builder Confidence; Mortgage Rates Hold Steady at Lowest Levels in March; NAR on Debt Forgiveness

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30 Year Fixed 4.52%   +0.00 15 Year Fixed 3.90%   +0.00 10YR Treasury 2.83%   +0.0073 FNMA 30YR 3.5 99.84   -0.02 FNMA 15YR 2.5 99.66   0.00 View Today's Rates

Thursday March 15, 2018 Mortgage Rate Watch - 4:19PM Mortgage Rates Hold Steady at Lowest Levels in March Mortgage rates held steady today as political headlines helped to offset some initial weakness in bond markets. When bonds weaken, rates tend to move higher. That said, this morning ... MND NewsWire - 10:32AM Lot Shortages Dim Builder Confidence Home builder confidence ebbed slightly in March, but according to the National Association of Home Builders, it remains in "strong territory." NAHB's Housing Market Index (HMI), which ... MND NewsWire - 10:29AM NAR: Debt Forgiveness Should be Permanent Part of Tax Code Prior to the housing crisis, homeowners who defaulted on their mortgages faced tax consequences if their lender had to write off or write down any part of the outstanding balance . ... Pipeline Press - 9:16AM Conventional Conforming Changes in the Primary Markets Rumors continue about companies going out of business, scaling back, or being sold. But let’s talk about progress in pushing forward transitional licensing, and that the Senate ... MBS Day Ahead: 2 Ways to Look at Bonds "Best Rally" of 2018 Millennial Homeownership Up, Inventory Woes Persist Latest Video KBW CEO: Big things are happening with Dodd-Frank since the crisis Homebuilder sentiment index at 70 in March Senate passes bill to ease bank regulations More News from 'Around the Web' www.consumerfinancemonitor.com - 4:14PM CFPB seeks comment on adopted regulations webfeeds.brookings.edu - 3:30PM Loan originators no longer must have 'skin in the game' CNBC - 3:30PM Get ready to hear a lot more from Fed Chairman Jerome Powell than his predecessors Bloomberg - 3:30PM Fed Takes a Back Seat for Traders Focused on Libor's Big Blowout OCC - 2:25PM OCC Reports Mortgage Performance Unchanged CNBC - 2:25PM HUD Secretary Carson appoints new financial watchdog after controversy over $31,561 dining room set Calculated Risk Blog - 1:05PM CoreLogic: "2.5 million Homes still in negative equity" at end of Q4 2017 CNBC - 12:30PM Why 17 Democrats voted with Republicans to ease bank rules CNBC - 11:58AM Homeowners gained an average of $15,000 in home equity last year – or $908 billion in total CNBC - 11:26AM Homeowners can take advantage of this tax loophole — at their own risk webfeeds.brookings.edu - 11:14AM Hutchins Roundup: Labor market slack, undocumented households and Medicaid, and more freddiemac.mwnewsroom.com - 10:10AM Mortgage Rates Drop for First Time in 2018 Fannie Mae - 9:54AM Lenders' Profit Margin Outlook, Mortgage Demand Calculated Risk Blog - 9:19AM Weekly Initial Unemployment Claims decrease to 226,000 CNBC - 8:44AM New Story is a nonprofit that hopes to use 3-D printers to build homes in poor communities CNBC - 8:43AM Investors are waiting until the very end of the day to make their trades Bloomberg - 8:42AM Americans May Get Permanent Tax Cut in 'Phase Two,' Kudlow Says CNBC - 8:42AM Jobless claims fall as labor market strengthens CNBC - 8:42AM Import prices rise more than expected in February www.redfin.com - 8:41AM Home Prices Post Strongest Gain in Nearly Four Years as a Double-Digit Inventory Decline Constrained Sales Today's Rates Best Execution Rate Change 30 Yr FRM 4.52% +0.00 15 Yr FRM 3.90% +0.00 FHA 30 Year Fixed 4.30% +0.00 Jumbo 30 Year Fixed 4.55% +0.00 5/1 Yr ARM 3.63% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.65% 1.14 +0.09 30 Yr. Fixed 4.19% 1.21 +0.02 MBA ** 30 Yr. Fixed 4.64% 0.61 +0.07 15 Yr. Fixed 4.02% 0.66 +0.02 30 Yr. Jumbo 4.62% 0.50 +0.07 30 Yr. FHA 4.58% 0.71 +0.04 5/1 ARM 3.72% 0.39 -0.02 Freddie Mac ** 30 Yr. Fixed 4.44% 0.50 -0.02 15 Yr. Fixed 3.90% 0.50 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.67% 0.40 +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 97.05 +0.03 30YR FNMA 3.5 99.84 -0.02 30YR GNMA 3.0 98.09 +0.02 30YR GNMA 3.5 100.75 +0.05 15YR FNMA 3.0 99.66 0.00 15YR FNMA 2.5 97.59 0.00 Treasuries Yield Change 2 YR 2.2867% +0.0247 5 YR 2.6232% +0.0102 10 YR 2.8262% +0.0073 30 YR 3.0576% -0.0016 Prices as of: 3/15/2018 4:43PM 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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