Daily Newsletter: Rates Still Solid Despite Warning Signs; Mortgage Applications End March on Sour Note

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30 Year Fixed 4.48%   -0.01 15 Year Fixed 3.86%   -0.01 10YR Treasury 2.80%   +0.0220 FNMA 30YR 3.5 100.00   -0.06 FNMA 15YR 2.5 99.77   -0.02 View Today's Rates

Wednesday April 4, 2018 Mortgage Rate Watch - 3:56PM Mortgage Rates Still Solid Despite Warning Signs Mortgage rates were sideways to slightly lower today, depending on the lender. That presents something of an opportunity because underlying bond markets have been suggesting a move ... MND NewsWire - 9:26AM March Application Volume Ended on Sour Note The strong showing for both refinancing and purchase applications during the week ended March 23 didn't last, with both reversing course last week. The Mortgage Bankers Association ... MBS Commentary - 9:57AM MBS Day Ahead: China Tariff News May Not Be Enough For Bonds Although preliminary news was out yesterday about China potentially announcing retaliatory tariffs on the US, that announcement was officially made overnight. Actually, it was a borderline ... Pipeline Press - 9:14AM Referral and Disclosure Products; Down Payment and LTV Trends As residential origination volumes and margins contract, plenty of lenders are looking at construction, non-QM, bond, government, ARM, SBA, and USDA lending opportunities. Who are Acore ... Acting Director Urges Changes in CFPB's Structure Unwillingness to Refi or Sell Despite High Equity Latest Video Jeff Gundlach's bond call Santelli Exchange: "Striking" a balance on fair trade China announces new tariffs as trade tensions escalate More News from 'Around the Web' www.consumerfinancemonitor.com - 3:50PM CFPB issues twelfth semi-annual report Reuters - 3:50PM Facebook says data leak hits 87 million users, widening privacy scandal Calculated Risk Blog - 3:50PM U.S. Heavy Truck Sales up Year-over-year in March freddiemac.mwnewsroom.com - 1:26PM New Research Finds Increasing Preference for Renting Bloomberg - 1:25PM Bond Bears Battered by Recent Rally See Renewed Sign of Selloff Calculated Risk Blog - 12:23PM Annual Vehicle Sales: On Pace to be Unchanged in 2018 www.realtor.com - 11:13AM The Hot Debate: Can You Deduct Prepaid Property Taxes? CNBC - 10:35AM China's vice finance minister dismisses talk of selling US Treasurys in response to tariffs CNBC - 10:27AM US factory orders increase broadly in February CNBC - 10:09AM ISM non-manufacturing index hits 58.8 in March, vs. 59 estimate Reuters - 8:40AM U.S. escalates China trade showdown with tariffs on $50 billion in imports CNBC - 8:39AM 'Rip-roaring' job market adds another 241,000 in March: ADP/Moody's Bloomberg - 8:38AM Bid for Bonds Is Back, If You Look Beneath the Hood of ETF Flows Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% -0.01 15 Yr FRM 3.86% -0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.50% -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 4.44% 0.50 -0.01 15 Yr. Fixed 3.90% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.66% 0.40 -0.02 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 97.25 -0.09 30YR FNMA 3.5 100.00 -0.06 30YR GNMA 3.0 98.27 -0.06 30YR GNMA 3.5 100.86 -0.02 15YR FNMA 3.0 99.77 -0.02 15YR FNMA 2.5 97.86 -0.03 Treasuries Yield Change 2 YR 2.2984% +0.0162 5 YR 2.6210% +0.0219 10 YR 2.8027% +0.0220 30 YR 3.0367% +0.0225 Prices as of: 4/4/2018 4:17PM 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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