Daily Newsletter: Pending Sales Surge; Time for FHA to Ease Credit; Rates Steady; Refi Share Back to 2008 Levels

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30 Year Fixed 4.21%   +0.00 15 Year Fixed 3.42%   +0.00 10YR Treasury 2.38%   -0.0395 FNMA 30YR 3.5 102.27   +0.28 FNMA 15YR 2.5 102.53   +0.23 View Today's Rates

Wednesday March 29, 2017 MND NewsWire - 10:29AM Second Best Month in 11 Years for Pending Home Sales Pending home sales in February surprised everyone with an unexpected jump of 5.5 percent . The National Association of Realtors® said its Pending Home Sales Index, which is a leading ... MND NewsWire - 9:47AM Time for FHA to Ease Credit - and Lender Angst Back in December the Urban Institute (UI) put a number on the much maligned but somewhat amorphous term "tight credit." It maintained that, between 2009 and 2014, lenders failed to ... Mortgage Rate Watch - 2:00PM Mortgage Rates Steady, Depending on Lender Compared to yesterday, today's mortgage rates are a moving target depending on the lender. Some are better. Some are worse. On average, rates are unchanged from yesterday's latest rate ... MND NewsWire - 8:17AM Refinance Share Back to 2008 Levels Mortgage applications saw a third straight decline in volume during the week ended March 24. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that ... Training/Events; Digital Mortgage Survey; Vendors/Lenders Raising Capital MBS Day Ahead: Bonds Fight to Quarantine Yesterday's Weakness Latest Video Fed's Williams: Should not rule out more than 3 hikes this year Housing labor force hasn't bounced back from post-recession Real estate mogul: Don't spend on renovations before doing this More News from 'Around the Web' Calculated Risk Blog - 2:13PM Zillow Forecast: "Case-Shiller national index is forecast to grow 6 percent year-over-year" in February CNBC - 2:12PM Fed's Williams: Don't 'rule out' more than three rate hikes this year CNBC - 2:12PM Real estate mogul: This is the biggest mistake house-flippers make Bloomberg - 11:56AM Deutsche Bank Said to Eye New Home Lending for Settlement CNBC - 11:56AM Fed's Rosengren wants four rate hikes this year CNBC - 11:12AM Homebuilders struggle to fill jobs 'Americans don't want' Reuters - 9:38AM Fed's Evans says he supports one or two more rate hikes this year Market Watch - 9:37AM Fed's Evans says he supports ‘one or two' more interest-rate hikes this year Market Watch - 9:03AM Here's what happens now that the U.K. has triggered Article 50 www.freddiemac.com - 8:21AM Five Tips to Get the Most Cash Out of Your Small Rental Property www.npr.org - 8:21AM Brexit: Prime Minister May Is Triggering U.K.'s Exit From EU Today Reuters - 8:18AM Spooked by yield rise, ECB wary of changing message again: sources Today's Rates Best Execution Rate Change 30 Yr FRM 4.21% +0.00 15 Yr FRM 3.42% +0.00 FHA 30 Year Fixed 3.85% +0.05 Jumbo 30 Year Fixed 4.43% +0.01 5/1 Yr ARM 3.12% +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 4.23% 0.50 -0.07 15 Yr. Fixed 3.44% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.24% 0.40 -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 99.17 +0.31 30YR FNMA 3.5 102.27 +0.28 30YR GNMA 3.0 100.81 +0.30 30YR GNMA 3.5 103.50 +0.25 15YR FNMA 3.0 102.53 +0.23 15YR FNMA 2.5 100.05 +0.25 Treasuries Yield Change 2 YR 1.2738% -0.0318 5 YR 1.9277% -0.0375 10 YR 2.3801% -0.0395 30 YR 2.9872% -0.0390 Prices as of: 3/29/2017 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: Rates Abruptly Higher; Lenders Upbeat on Economy, Not on Demand; Best Price Gains in 31 Months

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30 Year Fixed 4.21%   +0.04 15 Year Fixed 3.42%   +0.03 10YR Treasury 2.42%   +0.0414 FNMA 30YR 3.5 101.98   -0.31 FNMA 15YR 2.5 102.30   -0.20 View Today's Rates

Tuesday March 28, 2017 Mortgage Rate Watch - 2:06PM After Hitting 1-Month Lows, Rates Bounce Abruptly Higher Just one day after hitting the lowest levels in more than a month, mortgage rates bounced higher today. For all intents and purposes, rates fell on Monday morning as the weekend produced ... MND NewsWire - 10:34AM Lenders Upbeat on Economy; Less so on Loan Demand Mortgage lenders contacted in the first quarter of 2017 by Fannie Mae's Mortgage Lender Sentiment Survey expressed the highest expectations for the economy and for home prices since ... MND NewsWire - 10:22AM Case-Shiller Telling Different Story: Best Price Gains in 31 Months The S&P CoreLogic Case-Shiller U.S. National Home Price Index for January ran counter to other major prices indices in that it continued to show home price gains accelerating into ... MND NewsWire - 10:08AM New Acts in GSE Drama Taking Stage There has been a lot of recent activity regarding the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac swirling around and reported only in bits and pieces. Most is ... Servicing Trends; Owen's New Consent Order; Rates and The Healthcare Plan MBS Day Ahead: First Major Econ Data Joined by Supply Considerations Latest Video KB Home CEO: A lot of demand and not a lot of supply Rolling back Dodd-Frank A sell-off on the horizon? This strategist says it's already begun More News from 'Around the Web' Bloomberg - 4:48PM KB Home CEO Says Rate Increase Didn't Slow Sales - Bloomberg CNN - 4:46PM Wells Fargo fails test over 'discriminatory and illegal' practices CNBC - 2:25PM Fed's Fischer says he sees two more rate hikes in 2017 Reuters - 1:16PM U.S. House committee approves bill to increase scrutiny of Fed Reuters - 1:16PM Republicans on Obamacare repeal: 'We're going to get it done' Calculated Risk Blog - 1:16PM Real House Prices and Price-to-Rent Ratio in January Reuters - 11:24AM U.S. consumers most confident since 2000 The Atlantic - 11:23AM Tax Reform Will Be a Nightmare Bloomberg - 10:36AM Fannie-Freddie Fix Is Focus of Senators' Push Across Party Lines www.cfpbmonitor.com - 9:53AM CFPB settles with consumer reporting agency for alleged UDAAP/FCRA violations freddiemac.mwnewsroom.com - 9:52AM Freddie Mac March 2017 Outlook CNBC - 9:52AM First-quarter GDP estimates could rise as February trade deficit narrows sharply CNBC - 9:51AM Le Pen victory could be five times as dangerous as Greece's financial meltdown: UBS www.gallup.com - 8:55AM US Economic Confidence Drops to Lowest Level Since Election CNBC - 7:57AM Trump's take on corporate tax rate could look very much like Obama's CNBC - 7:57AM Risk of correction 'quite high' but won't kill bull market, says Goldman Sachs strategist CNBC - 7:54AM US heading for recession after 2 years of unsustainable growth, economist says Today's Rates Best Execution Rate Change 30 Yr FRM 4.21% +0.04 15 Yr FRM 3.42% +0.03 FHA 30 Year Fixed 3.80% +0.05 Jumbo 30 Year Fixed 4.42% +0.04 5/1 Yr ARM 3.10% +0.04 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 4.23% 0.50 -0.07 15 Yr. Fixed 3.44% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.24% 0.40 -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 98.86 -0.34 30YR FNMA 3.5 101.98 -0.31 30YR GNMA 3.0 100.52 -0.19 30YR GNMA 3.5 103.25 -0.28 15YR FNMA 3.0 102.30 -0.20 15YR FNMA 2.5 99.80 -0.27 Treasuries Yield Change 2 YR 1.3056% +0.0488 5 YR 1.9652% +0.0469 10 YR 2.4196% +0.0414 30 YR 3.0262% +0.0430 Prices as of: 3/28/2017 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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