Daily Newsletter: Rates Pushing Important Boundary; Distress Sales Slow; Record Multi-Family Spending

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30 Year Fixed 3.73%   +0.03 15 Year Fixed 3.02%   +0.03 10YR Treasury 1.84%   +0.0087 FNMA 30YR 3.5 104.53   -0.03 FNMA 15YR 2.5 104.16   +0.02 View Today's Rates

Wednesday March 2, 2016 Mortgage Rate Watch - 4:38PM Mortgage Rates Pushing Important Boundary Mortgage rates continued farther into to the highest levels since early February today. The current territory is important in the bigger picture, as it has historically acted as a line ... MND NewsWire - 1:46PM Distressed Sales Slow to One in Ten Only slightly more than 10 percent of all home sales in December were distressed properties. CoreLogic said on Wednesday that sales of lender owned real estate (REO) accounted for 6 ... MND NewsWire - 1:45PM Multi-Family Expenditures Hit Record Levels The National Association of Home Builders (NAHB) took an in-depth look at one aspect of the Census Bureau's report on January construction expenditures which was released on Tuesday ... MND NewsWire - 9:50AM Applications Ignore Lowering Rates Despite slightly lower interest rates mortgage applications slowed during the week ended February 26. The Mortgage Bankers Association's (MBA) said mortgage applications were down 4 ... Redlining Case Settled; Bank M&A Trends - What Works and What Doesn't MBS Day Ahead: Low Rate Narrative Entering Tricky Territory Latest Video Santelli: Waiting on jobs Friday Recession fears fading after ADP data Santelli: Rates up, data improves More News from 'Around the Web' The Atlantic - 5:11PM America's Go-To Economic Indicator Is Blunt and Obsolete Reuters - 2:56PM Fed's Williams: View on right number of rate hikes little changed CNBC - 2:55PM Investors have a change of heart on debt Calculated Risk Blog - 2:52PM Fed's Beige Book: "Economic activity expanded in most Districts" CNBC - 12:36PM Pro Insight: Santelli talks with Peter Boockvar Reuters - 12:36PM Fed's Williams says 'gradual' is key message on rate hikes Calculated Risk Blog - 12:35PM Zillow Forecast: Expect "Modestly Slower Growth" in January for the Case-Shiller Indexes than in December CNBC - 12:35PM What $1 million buys you in global real estate CNBC - 10:48AM The best way to bet on houses right now Bloomberg - 10:38AM BofA Sees Big U.S. Corporate-Bond Rally Despite Investor Worry CNBC - 8:40AM Services surge gives boost to jobs picture: ADP CNBC - 8:21AM Mortgage applications fall 4.8%, despite rate drop Today's Rates Best Execution Rate Change 30 Yr FRM 3.73% +0.03 15 Yr FRM 3.02% +0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.57% +0.03 5/1 Yr ARM 3.03% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.20 -0.01 30 Yr. Fixed 4.12% 1.43 -0.05 MBA ** 30 Yr. Fixed 3.83% 0.36 -0.08 15 Yr. Fixed 3.11% 0.31 -0.07 30 Yr. Jumbo 3.74% 0.26 -0.02 30 Yr. FHA 3.67% 0.34 -0.05 5/1 ARM 2.92% 0.32 -0.04 Freddie Mac ** 30 Yr. Fixed 3.62% 0.60 -0.03 15 Yr. Fixed 2.93% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.79% 0.50 -0.06 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 3.0 102.13 -0.05 30YR FNMA 3.5 104.53 -0.03 30YR GNMA 3.0 103.06 -0.05 30YR GNMA 3.5 105.28 +0.05 15YR FNMA 3.0 104.16 +0.02 15YR FNMA 2.5 102.36 0.00 Treasuries Yield Change 2 YR 0.8451% -0.0039 5 YR 1.3376% +0.0180 10 YR 1.8371% +0.0087 30 YR 2.6775% -0.0226 Prices as of: 3/2/2016 4:30PM 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Rates Highest in Nearly a Month; January's Home Price Surge; Residential Spending Lags

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30 Year Fixed 3.70%   +0.04 15 Year Fixed 2.99%   +0.03 10YR Treasury 1.83%   +0.0902 FNMA 30YR 3.5 104.56   -0.20 FNMA 15YR 2.5 104.14   -0.13 View Today's Rates

Tuesday March 1, 2016 Mortgage Rate Watch - 5:03PM Mortgage Rates Highest in Nearly a Month Mortgage rates moved quickly higher today, bringing them to levels not seen since early February. It continues to be the case that context is important when discussing rate movement ... MND NewsWire - 12:04PM Another Price Report Shows Significant January Increases Normal 0 false false false EN-US X-NONE X-NONE January is shaping up to have been a good month for house prices – or a bad one if you are in the market for a home. CoreLogic today ... MND NewsWire - 11:56AM Florida, New York post Best December Price Gains Home prices rose 0.1 percent in December according to Black Knight Financial Services. The company's Home Price Index (HPI) ended the month at $253,000 unchanged after rounding from ... MND NewsWire - 11:32AM Residential Construction Spending Lags Despite Big Gains Overall Publicly funded construction accounted for most of the gain in overall construction spending in January. The Census Department said on Tuesday that spending on all construction was ... Fee Structure Changes; Trends in VA Lending and Overlays; TRID survey MBS Day Ahead: Bonds Pulled in Opposite Directions. Still Anyone's Game Latest Video 10-year yield can go as low as 1%: Sri Kumar Santelli Exchange: Which market is leading in the 'rate dance' ISM, construction spending beat More News from 'Around the Web' Market Watch - 5:02PM S&P 500's start to March just made history eyeonhousing.org - 3:24PM Multifamily Construction Spending Hits Record High CNN - 2:51PM Top Fed official: Downside tilt to U.S. economic risks Market Watch - 1:28PM The Fed: Alan Greenspan comes out against using negative rates www.csbs.org - 1:27PM Colorado Begins Using Uniform Mortgage Test; 51 State Agencies Now Using the Test Market Watch - 12:38PM In Detroit, people are urged to get a second mortgage just to buy a home Market Watch - 12:10PM Ocwen's stock plunges on heavy volume, again American Bankers Assoc. - 12:10PM ABA Survey: TRID Rule Reduces Mortgage Offerings, Causes Delays CNBC - 12:10PM Stock swoon stalls luxury home sales Reuters - 10:45AM U.S. construction spending jumps to eight-year high Bloomberg - 10:45AM Barclays Will No Longer Be Sending Its Debt Research to the Media Calculated Risk Blog - 10:07AM ISM Manufacturing index increased to 49.5 in February Bloomberg - 8:55AM Exxon's $12 Billion Bond Deal Doesn't Make 2016 Any Sweeter The Atlantic - 8:54AM Calculating the True Cost of Affordable Housing www.realtor.com - 8:54AM What Can You Buy Right Now in the Nation's 10 Hottest Markets? www.corelogic.com - 8:49AM CoreLogic US Home Price Report Shows Home Prices Up 6.9 Percent Year Over Year in January 2016 Today's Rates Best Execution Rate Change 30 Yr FRM 3.70% +0.04 15 Yr FRM 2.99% +0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.54% +0.04 5/1 Yr ARM 3.00% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.20 -0.01 30 Yr. Fixed 4.12% 1.43 -0.05 MBA ** 30 Yr. Fixed 3.83% 0.36 -0.08 15 Yr. Fixed 3.11% 0.31 -0.07 30 Yr. Jumbo 3.74% 0.26 -0.02 30 Yr. FHA 3.67% 0.34 -0.05 5/1 ARM 2.92% 0.32 -0.04 Freddie Mac ** 30 Yr. Fixed 3.62% 0.60 -0.03 15 Yr. Fixed 2.93% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.79% 0.50 -0.06 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 3.0 102.17 -0.38 30YR FNMA 3.5 104.56 -0.20 30YR GNMA 3.0 103.11 -0.28 30YR GNMA 3.5 105.23 -0.13 15YR FNMA 3.0 104.14 -0.13 15YR FNMA 2.5 102.36 -0.19 Treasuries Yield Change 2 YR 0.8490% +0.0635 5 YR 1.3179% +0.1008 10 YR 1.8284% +0.0902 30 YR 2.7001% +0.0838 Prices as of: 3/1/2016 4:30PM 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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