Daily Newsletter: Fed Statement Erases Morning Mortgage Rate Gains; Purchase Apps Not Filling Refi Gap

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30 Year Fixed 4.08%   +0.00 15 Year Fixed 3.33%   +0.00 10YR Treasury 2.32%   +0.0342 FNMA 30YR 3.5 102.67   -0.14 FNMA 15YR 2.5 102.72   -0.16 View Today's Rates

Wednesday May 3, 2017 Mortgage Rate Watch - 4:38PM Fed Statement Erases Morning Mortgage Rate Gains Mortgage rates ended the day relatively close to ' unchanged ,' depending on the lender. That's somewhat surprising considering the presence of several big-ticket events on today's ... MND NewsWire - 9:03AM Purchase Mortgage Gain Fails to Fill Refi Gap Mortgage application volume decreased for the second consecutive week as the growing pool of purchase mortgage applications just missed covering the gap from declining refinance activity ... Pipeline Press - 9:28AM MBA Conference; Stonegate and Nationstar; Treasury Trading Changes As the 1,400 or so registered participants in the MBA’s Secondary Marketing conference head home, bleary-eyed, the tag-line for the conference could have been, “Just Do ... MBS Commentary - 2:02PM Differences Between Current and Previous FOMC Statements (Additions underlined, deletions struck through) Information received since the Federal Open Market Committee met in February March indicates that the labor market has continued to ... MBS Day Ahead: Ready For Anything Ahead of Fed Announcement Another Home Price Report Defying The Odds Latest Video Fed faces uncertainty Fed: Economy will warrant gradual rate hikes Fed leaves rates, balance sheet policy unchanged More News from 'Around the Web' appropriations.house.gov - 4:56PM Bill to Fund Federal Government Approved Bloomberg - 4:32PM Bernanke Says Fed to Unwind Balance Sheet Over 4-5 Years (Video) CNBC - 4:31PM House has the votes for funding bill to avert shutdown freddiemac.mwnewsroom.com - 3:24PM Freddie Mac Settles Second Seasoned Credit Risk Transfer Offering Reuters - 3:24PM Credit Suisse pays $400 million over toxic mortgages, failed U.S. credit unions Market Watch - 2:10PM The Fed: Fed holds interest rates steady, dismisses first quarter slump as 'transitory' Reuters - 12:38PM U.S. House nearing passage of bill to fund government, avoid shutdown CNBC - 10:05AM ISM non-manufacturing index hits 57.5 in April, vs. 55.8 estimate Market Watch - 8:59AM U.S. Treasury says 'internal review' of ultralong bonds underway Calculated Risk Blog - 8:36AM ADP: Private Employment increased 177,000 in April CNBC - 8:36AM US bond yields rise as Treasury, Fed decisions come into focus CNBC - 8:35AM Mortgage applications to buy a home finally spring back, climbing 5% Calculated Risk Blog - 8:34AM Wednesday: FOMC Announcement, ADP Employment, ISM non-mfg Survey Today's Rates Best Execution Rate Change 30 Yr FRM 4.08% +0.00 15 Yr FRM 3.33% +0.00 FHA 30 Year Fixed 3.80% +0.00 Jumbo 30 Year Fixed 4.35% +0.00 5/1 Yr ARM 3.10% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.06% 1.30 +0.03 30 Yr. Fixed 3.76% 1.38 +0.03 MBA ** 30 Yr. Fixed 4.41% 0.38 +0.13 15 Yr. Fixed 3.64% 0.34 +0.12 30 Yr. Jumbo 4.36% 0.26 +0.07 30 Yr. FHA 4.15% 0.29 +0.13 5/1 ARM 3.45% 0.26 +0.17 Freddie Mac ** 30 Yr. Fixed 4.03% 0.50 +0.06 15 Yr. Fixed 3.27% 0.40 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.12% 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 99.72 -0.13 30YR FNMA 3.5 102.67 -0.14 30YR GNMA 3.0 101.20 -0.03 30YR GNMA 3.5 103.89 +0.03 15YR FNMA 3.0 102.72 -0.16 15YR FNMA 2.5 100.42 -0.19 Treasuries Yield Change 2 YR 1.2978% +0.0359 5 YR 1.8536% +0.0444 10 YR 2.3216% +0.0342 30 YR 2.9689% -0.0071 Prices as of: 5/3/2017 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. © 2017 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Home Price Report Defies Odds; Rates Lower Ahead of Fed; Ocwen Restructuring; Homeownership Stumbles

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30 Year Fixed 4.08%   -0.02 15 Year Fixed 3.33%   -0.02 10YR Treasury 2.29%   -0.0306 FNMA 30YR 3.5 102.83   +0.16 FNMA 15YR 2.5 102.88   +0.11 View Today's Rates

Tuesday May 2, 2017 MND NewsWire - 10:57AM Another Home Price Report Defying The Odds Home prices measured by CoreLogic's Home Price Index (HPI) posted their largest gains in nearly a year in March, continuing to confound the company's own forecasts. The HPI, which includes ... Mortgage Rate Watch - 3:35PM Mortgage Rates Slightly Lower Ahead of Fed Mortgage rates fell modestly today, but remained well inside the narrow range that's been intact for more than a week. For most lenders, that means conventional 30yr fixed quotes of ... MND NewsWire - 10:54AM Ocwen Stock Surges on Restructuring Efforts Down but not out. It ain't over 'til its over... All available clichés may apply to Ocwen Financial Corporation. At least the corporation hopes so. The company's stock surged ... MND NewsWire - 10:50AM Homeownership Falls Back from Recent Gains In the second quarter of last year the homeownership rate hit its lowest level in U.S. Census Bureau reports going back 20 years, 62.9 percent. This capped off a slide that began shortly ... Miami vs BofA a Mixed Bag for Banks MI Update - Radian in The NYT is Rarely a Good Thing MBS Day Ahead: Bonds Keeping an Eye on Stocks Latest Video Home improvement: A bright spot in retail? Fmr. Federal Reserve Governor on the FOMC meeting & banking regulation Trump eyes breaking up big banks More News from 'Around the Web' Calculated Risk Blog - 1:40PM Q1 2017 GDP Details on Residential and Commercial Real Estate CNBC - 12:17PM How self-driving cars will profoundly change real estate National Housing Conference - 12:17PM Reinventing public housing: Once more with funding Bloomberg - 12:15PM Fannie, Freddie Profit Payments Should Continue, Treasury Says Reuters - 10:37AM House Republicans shy of votes to pass healthcare reform: lawmaker www.builderonline.com - 8:45AM Price Predicaments Bloomberg - 8:43AM Mnuchin to Wall Street: U.S. Is Serious About Ultra-Long Bonds freddiemac.mwnewsroom.com - 8:42AM Freddie Mac Reports First Quarter 2017 Financial Results Today's Rates Best Execution Rate Change 30 Yr FRM 4.08% -0.02 15 Yr FRM 3.33% -0.02 FHA 30 Year Fixed 3.80% +0.00 Jumbo 30 Year Fixed 4.35% -0.01 5/1 Yr ARM 3.09% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.06% 1.30 +0.03 30 Yr. Fixed 3.76% 1.38 +0.03 MBA ** 30 Yr. Fixed 4.41% 0.38 +0.13 15 Yr. Fixed 3.64% 0.34 +0.12 30 Yr. Jumbo 4.36% 0.26 +0.07 30 Yr. FHA 4.15% 0.29 +0.13 5/1 ARM 3.45% 0.26 +0.17 Freddie Mac ** 30 Yr. Fixed 4.03% 0.50 +0.06 15 Yr. Fixed 3.27% 0.40 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.12% 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 99.89 +0.20 30YR FNMA 3.5 102.83 +0.16 30YR GNMA 3.0 101.25 +0.11 30YR GNMA 3.5 103.88 +0.14 15YR FNMA 3.0 102.88 +0.11 15YR FNMA 2.5 100.61 +0.13 Treasuries Yield Change 2 YR 1.2659% -0.0120 5 YR 1.8125% -0.0313 10 YR 2.2910% -0.0306 30 YR 2.9792% -0.0246 Prices as of: 5/2/2017 4:18PM 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. © 2017 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' Disproportionate Impact on Refi Pool; Action-Packed Week; Construction Spending Rises

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30 Year Fixed 4.10%   +0.01 15 Year Fixed 3.35%   +0.01 10YR Treasury 2.32%   +0.0324 FNMA 30YR 3.5 102.67   -0.13 FNMA 15YR 2.5 102.77   -0.05 View Today's Rates

Monday May 1, 2017 MND NewsWire - 2:13PM Rates Have Disproportionate Impact on Refi Pool It wouldn't be surprising to find both lenders and consumers suffering from whiplash following the first quarter of 2017. Mortgage rates, which shifted by as much as 30 basis points ... MBS Commentary - 9:27AM MBS Day Ahead: Action-Packed With Fed, NFP, and Weekend Anxiety It's an action-packed week for global financial markets, with several major motivations to consider. First and foremost, this is the first day of a new month. Just as the last day of ... MND NewsWire - 1:19PM Residential Construction Spending Continues to Rise Construction spending dipped slightly in March, although privately funded spending held its ground and residential construction activity was at a higher pace than in February. The U ... Mortgage Rate Watch - 5:53PM Mortgage Rates Unchanged to Slightly Higher Mortgage rates were unchanged to slightly higher today, keeping them in line with the previous 4 business days. This 5-day block stands out from the previous trend that had taken rates ... New Products; Underwriter, LO Training; Legal News - Customer Info in the Cloud CoreLogic Sees Signs of Credit Cracks Latest Video Ellie Mae CEO: Purchase market, not interest rates, driving mortgage refinancing Ben Bernanke: 3% growth 'a long shot' Ben Bernanke: Neutral interest rates appear lower than in the past More News from 'Around the Web' Bloomberg - 5:51PM UBS Pays $445 Million to Settle Mortgage Securities Probe NAFCU - 4:44PM NCUA recovers $445M from UBS in MBS suit CNBC - 3:00PM Here are 3 times when Trump's comments shocked financial markets Reuters - 2:24PM Airbnb, San Francisco settle lawsuit over short-term rental law CNBC - 1:47PM Investors are getting the Fed—and the economy—all wrong CNBC - 11:59AM Treasury Secretary Mnuchin says Trump tax plan will eliminate all deductions, except mortgage interest and charitable giving Calculated Risk Blog - 10:16AM ISM Manufacturing index decreased to 54.8 in April Bloomberg - 9:21AM Fed's Cut in Huge Bond Holdings May Be Messier Than Yellen Hopes CNBC - 8:29AM Former Fed Chair Bernanke casts doubt on Trump's growth expectations www.npr.org - 8:29AM Congress Reaches Deal To Fund Government Through September CNBC - 8:28AM US Treasurys inch lower as Congress reaches deal to avert shutdown Today's Rates Best Execution Rate Change 30 Yr FRM 4.10% +0.01 15 Yr FRM 3.35% +0.01 FHA 30 Year Fixed 3.80% +0.00 Jumbo 30 Year Fixed 4.36% +0.01 5/1 Yr ARM 3.10% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.06% 1.30 +0.03 30 Yr. Fixed 3.76% 1.38 +0.03 MBA ** 30 Yr. Fixed 4.41% 0.38 +0.13 15 Yr. Fixed 3.64% 0.34 +0.12 30 Yr. Jumbo 4.36% 0.26 +0.07 30 Yr. FHA 4.15% 0.29 +0.13 5/1 ARM 3.45% 0.26 +0.17 Freddie Mac ** 30 Yr. Fixed 4.03% 0.50 +0.06 15 Yr. Fixed 3.27% 0.40 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.12% 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 99.69 -0.17 30YR FNMA 3.5 102.67 -0.13 30YR GNMA 3.0 101.14 -0.09 30YR GNMA 3.5 103.73 -0.06 15YR FNMA 3.0 102.77 -0.05 15YR FNMA 2.5 100.48 -0.11 Treasuries Yield Change 2 YR 1.2779% +0.0080 5 YR 1.8438% +0.0246 10 YR 2.3216% +0.0324 30 YR 3.0038% +0.0459 Prices as of: 5/1/2017 5:05PM 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. © 2017 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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