Daily Newsletter: "Significant" Reduction in Closing Times; Rates Fall; Hurricane Effects Linger; Home Prices Surge

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30 Year Fixed 4.54%   -0.03 15 Year Fixed 3.91%   -0.01 10YR Treasury 2.82%   -0.0586 FNMA 30YR 3.5 99.86   +0.22 FNMA 15YR 2.5 99.58   +0.11 View Today's Rates

Thursday March 22, 2018 MND NewsWire - 9:27AM "Significant" Reduction in Closing Times - Ellie Mae The 5-point surge in the share of refinancing loans that closed in January didn't survive the month. Ellie Mae's Origination Insight Report shows that share dropped from 45 percent ... Mortgage Rate Watch - 5:04PM Mortgage Rates Back at This Week's Lows Mortgage rates continued lower today on a combination of global reaction to yesterday's Fed Announcement and apprehension over new tariffs on China. The Fed Announcement was positive ... MND NewsWire - 10:51AM Black Knight: Prepayments are Falling, Hurricane Effect Lingers As interest rates rise and refinancing declines, the impact is beginning to manifest in the loan prepayment rate . The single month mortality rate (SSM) followed a 15 percent decline ... MND NewsWire - 10:07AM Ignoring Trend, Home Prices Surged in January Home prices took a big leap in January , at least according to the Federal Housing Finance Agency's (FHFA's) seasonally adjusted House Price Index (HPI). The 0.8 percent increase from ... MBS Day Ahead: Brace For Nonsense in The News Insurance Products; Trends in Servicing Sales; State's $0 Down Payment Offer Latest Video The analyst who called the correction now sees a bear market starting within a year Fed needs to be pragmatic: Bill Gross Powell on same path as Yellen, says strategist More News from 'Around the Web' Reuters - 5:26PM House sends $1.3 trillion spending bill to Senate as Friday deadline looms www.npr.org - 5:26PM California Residents Bracing For More Mudslides www.consumerfinancemonitor.com - 5:26PM CFPB seeks comment on inherited regulations Reuters - 5:26PM Stocks tumble to worst day in six weeks after Trump tariff action webfeeds.brookings.edu - 3:33PM Hutchins Roundup: Congestion pricing, aging population and automation, and more www.realtor.com - 3:09PM Home Buyers Are Raring to Go, Planning Strategies as Spring Market Heats Up CNBC - 2:45PM The bond market is doing something it's never done before, and it could stop the Fed in its tracks The Basis Point - 2:07PM Linkage: are home sales immune to rising rates? Calculated Risk Blog - 1:46PM Kansas City Fed: Regional Manufacturing Activity "Continued at a Solid Pace" in March Bloomberg - 1:36PM Bond Market Signals Powell's Fed Debut Merely a Risk That Passed www.freddiemac.mwnewsroom.com - 12:46PM Freddie Mac March 2018 Outlook CNBC - 12:46PM Financial markets are not ready for a 'dangerous' trade war www.npr.org - 12:46PM President Trump Orders $50 Billion Tariffs On China Bloomberg - 10:57AM BOE Keeps Interest Rate Unchanged as Minority Urges Hike CNBC - 10:35AM Leading indicators up 0.6% in February, vs. expectations for 0.4% gain CNBC - 10:22AM Rents are rising at the fastest pace in almost two years freddiemac.mwnewsroom.com - 10:09AM Mortgage Rates Hold Steady After Last Week's Drop CNBC - 8:35AM Bank of England keeps interest rates on hold as traders eye a May hike www.realtor.com - 8:04AM Can Fannie and Freddie Provide a Jolt to Buyers Desperate for Affordable Housing? Today's Rates Best Execution Rate Change 30 Yr FRM 4.54% -0.03 15 Yr FRM 3.91% -0.01 FHA 30 Year Fixed 4.34% -0.02 Jumbo 30 Year Fixed 4.56% -0.02 5/1 Yr ARM 3.66% +0.01 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 4.68% 0.46 -0.01 15 Yr. Fixed 4.12% 0.51 +0.05 30 Yr. Jumbo 4.55% 0.37 +0.00 30 Yr. FHA 4.69% 0.81 -0.04 5/1 ARM 3.83% 0.68 -0.10 Freddie Mac ** 30 Yr. Fixed 4.45% 0.50 +0.01 15 Yr. Fixed 3.91% 0.50 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.68% 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 97.11 +0.30 30YR FNMA 3.5 99.86 +0.22 30YR GNMA 3.0 98.02 +0.27 30YR GNMA 3.5 100.63 +0.22 15YR FNMA 3.0 99.58 +0.11 15YR FNMA 2.5 97.61 +0.16 Treasuries Yield Change 2 YR 2.2828% -0.0207 5 YR 2.6214% -0.0527 10 YR 2.8226% -0.0586 30 YR 3.0584% -0.0397 Prices as of: 3/22/2018 5:06PM 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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