Daily Newsletter: Rates in Line With 2017 Lows; New Home Sales Rise Less Than Expected

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30 Year Fixed 4.12%   -0.06 15 Year Fixed 3.33%   -0.05 10YR Treasury 2.32%   -0.0603 FNMA 30YR 3.5 102.78   +0.31 FNMA 15YR 2.5 102.97   +0.22 View Today's Rates

Friday February 24, 2017 Mortgage Rate Watch - 4:26PM Mortgage Rates in Line With 2017 Lows Mortgage rates moved lower for 3rd straight day (and the 5th time in the past 6 days). That makes this the best winning streak of the year and it brings rates to the lowest levels of ... MND NewsWire - 10:53AM New Home Sales Up Less Than Expected; Prices up 7.5% Annually Sales of newly constructed homes, had a strong start in 2016 but flattened out toward the end of the year and ended with a dismal December. Now 2017 has also started on a positive note ... Pipeline Press - 10:21AM Banks and Lenders Adjusting Business Models; Radian President to Retire; Upcoming Events Boss: "Working hard here, Jimmy?" Jimmy: "Yep, ever since I heard you coming down the stairs!" Mortgage banks are working hard, but banks and other financial institutions have the inside ... MBS Commentary - 8:50AM MBS Day Ahead: Bonds Look to Challenge Consolidation Range with 6th Win in a Row Bond markets are looking for their 6th straight victory today. Each of the past 5 days have seen yields end the day lower than they opened. While that's not quite as strong a showing ... Inventories Driving Price Gains Despite Rates Fannie Mae's Blackstone Deal Provokes Blowback Latest Video President Trump signs executive order on regulatory reform Fannie & Freddie's future likely in hands of court or legislature: CEO New home sales miss More News from 'Around the Web' Bloomberg - 4:49PM US Treasuries Might Finally Be Ready to Stage a Breakaway Reuters - 3:47PM Fannie Mae secures commitments for credit transfer deal Calculated Risk Blog - 3:41PM A few Comments on January New Home Sales Market Watch - 1:13PM Yellen will be last Fed official to speak before central bank makes rate decision CNBC - 10:35AM US consumer sentiment remains slightly below the decade peak record in February CNBC - 10:14AM Americans believe robots will take everyone else's jobs, but theirs will be safe Reuters - 10:14AM U.S. new home sales increase less than expected in January CNBC - 10:03AM Citi sees a 20% chance of Le Pen winning which could 're-ignite a fully-fledged sovereign debt crisis' Washington Post - 8:20AM For millennials ready to buy a home, the pickings are slim Today's Rates Best Execution Rate Change 30 Yr FRM 4.12% -0.06 15 Yr FRM 3.33% -0.05 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.25% -0.05 5/1 Yr ARM 3.01% +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 4.16% 0.50 +0.01 15 Yr. Fixed 3.37% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.16% 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 99.67 +0.39 30YR FNMA 3.5 102.78 +0.31 30YR GNMA 3.0 101.48 +0.56 30YR GNMA 3.5 104.22 +0.30 15YR FNMA 3.0 102.97 +0.22 15YR FNMA 2.5 100.44 +0.30 Treasuries Yield Change 2 YR 1.1488% -0.0357 5 YR 1.8061% -0.0558 10 YR 2.3152% -0.0603 30 YR 2.9526% -0.0625 Prices as of: 2/24/2017 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: Inventories Driving Prices; Fannie's Blackstone Blowback; Rates at 2-Week Lows; What Happened to Black Homeownership?

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30 Year Fixed 4.18%   -0.02 15 Year Fixed 3.38%   -0.02 10YR Treasury 2.38%   -0.0392 FNMA 30YR 3.5 102.47   +0.23 FNMA 15YR 2.5 102.75   +0.22 View Today's Rates

Thursday February 23, 2017 MND NewsWire - 4:08PM Inventories Driving Price Gains Despite Rates Home prices, as measured by the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI), rose even faster on an annual basis in December than they had earlier in the fall ... MND NewsWire - 4:15PM Fannie Mae's Blackstone Deal Provokes Blowback It seemed just an aside in the National Association of Realtors press release regarding January existing home sales. NAR President William E. Brown, took a shot at the GSE's saying ... Mortgage Rate Watch - 3:03PM Mortgage Rates Match 2-Week Lows Mortgage rates moved lower for the 4th time in 5 days today, bringing them to their lowest levels since February 9th. The caveat to any discussion of rate "movement," however, is that ... MND NewsWire - 10:15AM Urban Institute Asks "What Happened to Black Homeownership?" The Urban Institute (UI) is asking "What has happened to black homeownership?" It has "declined to levels not seen since the 1960s when private race-based discrimination was legal. ... Interest Rates Taking a Toll on Mortgage Prepayments CFPB Lawyering Up, Also Requesting Input on Credit Availability; Lender Credit Changes MBS Day Ahead: Bond Momentum Couldn't Be More Equivocal Latest Video Mnuchin: We 'absolutely' view the stock market as a report card Treasury's Mnunchin: Committed to fixing Fannie Mae & Freddie Mac I didn't hear 'balance' or 'sheet': DiMartino Today's Rates Best Execution Rate Change 30 Yr FRM 4.18% -0.02 15 Yr FRM 3.38% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.30% -0.02 5/1 Yr ARM 2.99% -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 4.16% 0.50 +0.01 15 Yr. Fixed 3.37% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.16% 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 99.28 +0.31 30YR FNMA 3.5 102.47 +0.23 30YR GNMA 3.0 100.93 +0.12 30YR GNMA 3.5 103.93 +0.24 15YR FNMA 3.0 102.75 +0.22 15YR FNMA 2.5 100.14 +0.19 Treasuries Yield Change 2 YR 1.1845% -0.0357 5 YR 1.8619% -0.0446 10 YR 2.3755% -0.0392 30 YR 3.0135% -0.0208 Prices as of: 2/23/2017 4:52PM 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: Existing Homes and Prices Surge; Rates Fall After Fed; GSE Shareholder Woes; Refi Apps Dragging Bottom

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30 Year Fixed 4.20%   -0.01 15 Year Fixed 3.40%   -0.01 10YR Treasury 2.41%   -0.0161 FNMA 30YR 3.5 102.23   +0.06 FNMA 15YR 2.5 102.53   -0.03 View Today's Rates

Wednesday February 22, 2017 Mortgage Rate Watch - 3:56PM Mortgage Rates Slightly Lower After Fed Minutes Mortgage rates began the day decidedly lower than yesterday, but most lenders ended up revising rates higher in the mid-morning hours due to bond market weakness. Investors remained ... MND NewsWire - 11:01AM Existing Home Sales and Prices Surge Despite Rate Increases Existing home sales kicked off 2017 with a spurt that brought sales of single family homes, townhomes, condos, and cooperative apartments to the fastest pace in nearly a decade . The ... Pipeline Press - 1:37PM Fannie/Freddie Legal News Not Helping Stockholders; Training and Events Are you lending in areas where LOs are receiving more calls from recruiters than they are from real estate agents? Let’s hope not. But here’s something else that’s ... MND NewsWire - 8:25AM Refinance Apps Share Keeps Pushing Post-Crisis Lows Mortgage applications activity was down slightly during the week ended February 17 compared to the previous week. The Mortgage Bankers Association (MBA) said its Market Composite Index ... MBS Day Ahead: FOMC Minutes (What Are Those Again?) Big Banks Could Get Back in the Mortgage Market in a Big Way Latest Video Fed: Rate increase could come 'fairly soon' Existing home sales rise 3.3 percent in January The Fed could surprise traders when they least expect it More News from 'Around the Web' www.builderonline.com - 4:42PM Listing Shortage: California House Hunters Face 10% Fewer Choices Reuters - 2:29PM Many Fed policymakers said rate hike may come 'fairly soon': minutes www.redfin.com - 2:28PM 50 Ways House Hunters Can Get Ready for Homebuying Season Federal Reserve - 2:28PM Minutes of the Federal Open Market Committee, January 31-February 1, 2017 CNBC - 12:30PM Shares of Toll Brothers jump after earnings, revenue beat Calculated Risk Blog - 12:29PM AIA: Architecture Billings Index decreased in January Market Watch - 12:28PM Capitol Report: Realtors criticize Fannie, Freddie moves they say limit inventories www.redfin.com - 12:28PM Nearly Half of Minority Homebuyers in a 2016 Housing Market Survey Felt They May Have Been Discriminated Against When Trying to Buy a Home Reuters - 10:13AM Existing home sales hit 10-year high in January eyeonhousing.org - 8:46AM Small Gains for Single-Family Built-for-Rent Construction Bloomberg - 8:14AM Why Trump's Immigration Crackdown Could Sink US Home Prices Today's Rates Best Execution Rate Change 30 Yr FRM 4.20% -0.01 15 Yr FRM 3.40% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.32% -0.01 5/1 Yr ARM 3.01% -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 4.15% 0.50 -0.02 15 Yr. Fixed 3.35% 0.50 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.18% 0.40 -0.03 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 98.97 +0.06 30YR FNMA 3.5 102.23 +0.06 30YR GNMA 3.0 100.81 +0.06 30YR GNMA 3.5 103.69 +0.06 15YR FNMA 3.0 102.53 -0.03 15YR FNMA 2.5 99.95 -0.02 Treasuries Yield Change 2 YR 1.2202% +0.0094 5 YR 1.9065% -0.0150 10 YR 2.4147% -0.0161 30 YR 3.0343% -0.0064 Prices as of: 2/22/2017 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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