Daily Newsletter: Rates Hit 2017 Lows (Again); Bidding Frenzy Driving Prices; Builders on Mortgage Interest Deduction

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30 Year Fixed 3.97%   -0.03 15 Year Fixed 3.23%   -0.02 10YR Treasury 2.15%   -0.0383 FNMA 30YR 3.5 103.48   +0.17 FNMA 15YR 2.5 103.27   +0.13 View Today's Rates

Tuesday June 6, 2017 Mortgage Rate Watch - 4:20PM Mortgage Rates Unexpectedly Fall to 2017 Lows (Again) Mortgage rates unexpectedly fell to new 7-month lows today, following bond market gains in the overnight hours (Asian and European trading sessions). Interest rates are driven by bond ... MND NewsWire - 9:49AM Home Builder Group Voices Support for Mortgage Deduction June is National Homeownership Month and the National Association of Home Builders (NAHB) says that owning a home is as much a part of the American Dream as ever. The Association commissioned ... MND NewsWire - 9:47AM "Bidding Frenzy" Drives Prices Higher Home price increases moderated slightly in April, at least as measured by the CoreLogic Home Price Index (HPI). The company announced an increase of 6.9 percent compared prices in April ... MBS Commentary - 9:28AM MBS Day Ahead: A Bullish Big-Picture Case for Bond Markets There are no significant data or events on the calendar today and the Fed remains in its "blackout period" (where Fed speakers abstain from commenting on monetary policy in the week ... State-Level Lending Law Changes - Does California Have a Price Loophole? Its (Almost) All About Interest Rates Latest Video Home prices still face supply, affordability issues Is the bond market showing warning signs? Why is Fed getting so 'aggressive' now? More News from 'Around the Web' Bloomberg - 4:16PM The Dollar's 'Stupidly Strong' Link With Bonds Means Deeper Losses Market Watch - 1:57PM The bond market is giving the stock market a stern warning freddiemac.mwnewsroom.com - 11:41AM Freddie Mac Surpasses $200 Billion in Multifamily K-Deal and SB-Deal Securitizations eyeonhousing.org - 11:41AM Construction Job Openings Jump in April Google News - 11:41AM Realtors® Survey: Led By China, Foreign Investment in U.S. Commercial Real Estate on the Rise www.gallup.com - 9:54AM Confidence in Economy in May Lowest Since November 2016 CNBC - 8:56AM How long you should wait before buying a home with your partner www.builderonline.com - 8:56AM GI to Sell Waypoint Rentals to Colony Starwood Homes Bloomberg - 8:55AM Five Questions About the Fed's $4.5 Trillion Balance Sheet - Bloomberg Calculated Risk Blog - 8:49AM Las Vegas Real Estate in May: Sales up 28% YoY, Inventory down Sharply www.corelogic.com - 8:49AM CoreLogic US Home Price Report Shows Prices Up 6.9 Percent in April 2017 Bloomberg - 8:48AM China Ready to Buy More Treasuries as Yuan Stabilizes Today's Rates Best Execution Rate Change 30 Yr FRM 3.97% -0.03 15 Yr FRM 3.23% -0.02 FHA 30 Year Fixed 3.65% -0.10 Jumbo 30 Year Fixed 4.25% -0.04 5/1 Yr ARM 3.02% -0.03 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 3.94% 0.50 -0.01 15 Yr. Fixed 3.19% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.11% 0.50 +0.04 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 3.0 100.86 +0.23 30YR FNMA 3.5 103.48 +0.17 30YR GNMA 3.0 102.11 +0.20 30YR GNMA 3.5 104.34 +0.11 15YR FNMA 3.0 103.27 +0.13 15YR FNMA 2.5 101.22 +0.16 Treasuries Yield Change 2 YR 1.2980% -0.0080 5 YR 1.7122% -0.0312 10 YR 2.1451% -0.0383 30 YR 2.8107% -0.0282 Prices as of: 6/6/2017 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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Daily Newsletter: It's (Almost) All About Rates; Mortgages Still Near 7-Month Lows

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30 Year Fixed 4.00%   +0.02 15 Year Fixed 3.25%   +0.01 10YR Treasury 2.18%   +0.0243 FNMA 30YR 3.5 103.31   -0.06 FNMA 15YR 2.5 103.14   -0.05 View Today's Rates

Monday June 5, 2017 Mortgage Rate Watch - 5:01PM Mortgage Rates Just Off 7-Month Lows Mortgage rates were modestly higher today after hitting the lowest levels since early November at the end of last week. Along with mid-April, this is the second time rates have been ... MND NewsWire - 11:07AM Its (Almost) All About Interest Rates It should come as no surprise that the rise in interest rates that occurred after the November 2016 election had a profound impact on mortgage originations, especially those for refinancing ... MBS Commentary - 9:10AM MBS Week Ahead: Bonds Set to Battle a Familiar Enemy There are two white lines in today's chart. Each represents the pace of the two most recent rallies in rates (with the latter being the current rally) by connecting the trend of "lower ... Pipeline Press - 9:02AM RESCAP Legal News; June Fed Rate Hike Odds The Federal Financial Institutions Examination Council (FFIEC) published a Press Release announcing an update to the Cybersecurity Assessment Tool . Capital Markets Despite the arguably ... Many Dodd-Frank Provisions May Be on House Chopping Block Next Week Credit Guideline Changes; Jumbo Secondary Market News Latest Video Strategist: Investors willing to look past risks and focus on fundamentals May ISM non-manufacturing index at 56.9 vs. 57 (est.) Market hits new highs despite political bickering More News from 'Around the Web' Market Watch - 4:24PM U.S. stocks close marginally lower as investors turn cautious CNBC - 1:24PM Who's powering the housing market? Surprise! It's young people eyeonhousing.org - 10:38AM Mortgage Rates Fall Reuters - 10:15AM Factory orders post first drop in five months Market Watch - 10:12AM Bond Report: Treasury yields try to rebound from November lows CNBC - 10:04AM ISM non-manufacturing index hits 56.9 in May, vs. 57 estimate Reuters - 8:25AM Blackstone offers to buy Finnish real estate firm Sponda for $2 billion www.builderonline.com - 8:23AM Private Residential Construction SAAR Falls 0.7% from March to April Reuters - 8:22AM D.R. Horton offers to buy 75 percent of Forestar www.npr.org - 8:22AM Housing Secretary Ben Carson Clarifies Comment That Poverty Is A 'State of Mind' CNBC - 8:21AM US Treasurys edge lower as bond investors await fresh economic data, auctions Bloomberg - 8:21AM Bond Traders Enter Fed Blackout Betting a Hike Won't Quash Rally Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% +0.02 15 Yr FRM 3.25% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.29% +0.02 5/1 Yr ARM 3.05% +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 3.94% 0.50 -0.01 15 Yr. Fixed 3.19% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.11% 0.50 +0.04 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 3.0 100.63 -0.09 30YR FNMA 3.5 103.31 -0.06 30YR GNMA 3.0 101.91 -0.14 30YR GNMA 3.5 104.23 -0.02 15YR FNMA 3.0 103.14 -0.05 15YR FNMA 2.5 101.06 0.00 Treasuries Yield Change 2 YR 1.3060% +0.0161 5 YR 1.7434% +0.0230 10 YR 2.1834% +0.0243 30 YR 2.8389% +0.0289 Prices as of: 6/5/2017 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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