Daily Newsletter: OIG Says FHFA Needs Improvement, Lots of It; Rates Rise Despite Market Improvement

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30 Year Fixed 4.50%   +0.01 15 Year Fixed 3.89%   +0.01 10YR Treasury 2.82%   -0.0183 FNMA 30YR 3.5 99.83   +0.11 FNMA 15YR 2.5 99.63   +0.02 View Today's Rates

Friday April 13, 2018 Mortgage Rate Watch - 3:52PM Mortgage Rates Rise Despite Market Improvement Mortgage rates were slightly higher for most lenders today even though underlying bond markets suggested the opposite. This is partly a timing issue. Yesterday saw bond markets weaken ... MND NewsWire - 11:23AM OIG says FHFA Practices Need Improvement, Lots of It. If they had a report card, the Federal Housing Finance Agency (FHFA) would have been afraid to take it home to mom and dad. Laura S. Wertheimer, FHFA's Inspector General, reported to ... MBS Commentary - 9:56AM MBS Day Ahead: Feeling Out The End Of 2018's First Correction I started using some more serious words to talk about bond market weakness yesterday, but I'll make them simple and keep the assessment short this morning. In a nutshell, we've gone ... Pipeline Press - 9:16AM Tech Products, eNote News; MB Financial Bails and Sails “Rob, are you hearing of companies where branches are being picked off due to new budgetary constraints, and where new recruiting has become problematic for primarily the same ... MBA Predicts New Home Sales Up in March Tax Cut Effects on Housing Still Debatable Latest Video Zillow house flipping pivot makes a lot of sense, says analyst Home affordability projected to weaken at the fastest pace in a quarter-century Zillow CEO on flipping: We're ready to be an investor in our own marketplace More News from 'Around the Web' Washington Post - 3:46PM Wells Fargo says it faces $1 billion penalty for mortgage, auto business misdeeds CNBC - 3:46PM Dow drops 200 points as JP Morgan falls 3.5% Bloomberg - 3:46PM Trading Volumes Are at 2018 Lows as US Investors Wait on Earnings CNBC - 1:45PM How much you'd have made if you bought a home in these cities 20 years ago CNBC - 1:44PM Zillow shares plunge 9 percent on the company's plan to start flipping homes CNBC - 1:42PM No relief in sight: Housing affordability is weakening at the fastest pace in a quarter century Calculated Risk Blog - 1:00PM The Longest Expansions in U.S. History CNBC - 10:47AM 2-year Treasury yield rises to highest since Sept. 2008 CNBC - 10:30AM Fed's Rosengren is optimistic on the economy but wary of trade risks CNBC - 10:09AM Consumer sentiment hits 97.8 in April vs. 100.5 estimate eyeonhousing.org - 9:57AM Tax Reform Toolkit:  199A for Incomes within the Phase-In Range www.consumerfinancemonitor.com - 9:35AM D.C. Circuit panel questions Mulvaney's dual CFPB/OMB roles in English appeal oral argument Bloomberg - 8:09AM Zillow Launches Home-Flipping Program in Phoenix and Las Vegas Reuters - 8:09AM Trade war backfire: Steel tariff shrapnel hits U.S. farmers Reuters - 8:09AM JPMorgan profit just below forecast on weak investment banking Today's Rates Best Execution Rate Change 30 Yr FRM 4.50% +0.01 15 Yr FRM 3.89% +0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.51% +0.01 5/1 Yr ARM 3.68% +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 4.68% 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 4.42% 0.40 +0.02 15 Yr. Fixed 3.87% 0.40 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.61% 0.30 -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 97.08 +0.16 30YR FNMA 3.5 99.83 +0.11 30YR GNMA 3.0 98.19 -0.11 30YR GNMA 3.5 100.78 +0.11 15YR FNMA 3.0 99.63 +0.02 15YR FNMA 2.5 97.67 +0.02 Treasuries Yield Change 2 YR 2.3607% +0.0045 5 YR 2.6709% -0.0082 10 YR 2.8248% -0.0183 30 YR 3.0270% -0.0193 Prices as of: 4/13/2018 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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