Daily Newsletter: Rates Jolted Higher By Tax Plans; Ginnie Under Fire Over Non-Banks; Housing Momentum "Drained"

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30 Year Fixed 3.98%   +0.03 15 Year Fixed 3.26%   +0.02 10YR Treasury 2.31%   +0.0746 FNMA 30YR 3.5 103.11   -0.27 FNMA 15YR 2.5 102.72   -0.19 View Today's Rates

Wednesday September 27, 2017 Mortgage Rate Watch - 4:49PM Mortgage Rates Jolted Higher By Tax Plans First thing's first: mortgage rates didn't have nearly as bad a day as US Treasuries. The latter serve as a general benchmark for the former, but can take cues from different sources ... MND NewsWire - 12:51PM OIG Criticizes Ginnie Mae Oversight of Nonbanks Ginnie Mae, is a wholly owned U.S. government corporation that guarantees and securitizes pools of mortgages originated through FHA, Veterans Administration, and Rural Housing Administration ... MND NewsWire - 10:22AM Housing Momentum "Drained" Per Pending Sales Data The prospects for home sales weakened further in August, and the National Association of Realtors® (NAR) has downgraded its sales forecast for the remainder of 2017. In what must ... MND NewsWire - 9:10AM Purchase Applications Gain Ground A second consecutive downturn in refinancing volume during the week ended September 22 offset one of the best weeks for purchase mortgage applications since mid-summer. As a result ... MBS Day Ahead: Bonds Staring Down a Tough Day Bank/Lender M&A - The What and Why; Training Events Latest Video Republicans unveil tax reform framework CFPB's Richard Cordray: Credit companies have to accept 'the old days' of no supervision is over Durable good orders come in higher than estimates More News from 'Around the Web' CNBC - 4:02PM The real problem with credit reports is the astounding number of errors Market Watch - 4:02PM Everything you wanted to know about your credit report but were afraid to ask Calculated Risk Blog - 4:02PM Zillow Forecast: "August Case-Shiller Forecast: Annual Home-Price Gains Aiming Higher" www.consumerfinancemonitor.com - 4:01PM CFPB issues arbitration rule small entity compliance guide Market Watch - 2:58PM One-third of American households can't afford food, shelter or medical care Reuters - 2:58PM Reversing crisis-era trends, U.S. family income jumped in 2013-2016: Fed CNBC - 2:57PM Bonds could be the big loser under the GOP tax plan CNBC - 2:03PM This is the most important point in the GOP tax-reform plan Market Watch - 2:03PM Fed's Bullard sees no need to raise interest rates anytime soon Bloomberg - 2:03PM No Working Fed Inflation Models, Says Dan Tarullo - Bloomberg Video Calculated Risk Blog - 12:40PM Freddie Mac: Mortgage Serious Delinquency rate declined in August, Lowest since April 2008 Federal Reserve - 12:18PM Agencies propose simplifying regulatory capital rules freddiemac.mwnewsroom.com - 11:28AM Freddie Mac Announces the Issuance of a New Three-Year Reference Notes Security Bloomberg - 10:39AM Worst Bond-Market Rut in 52 Years Shows Few Signs of Break Out - Bloomberg Market Watch - 9:59AM Market Extra: Why the Fed trumps North Korea when it comes to financial markets PR Newswire - 9:44AM Study Finds Green Home Building Continues to Gain Traction Market Watch - 9:30AM Bond Report: Treasury yields jump as traders position for higher rates CNBC - 8:41AM Orders for long-lasting factory goods rose more than expected in Aug Reuters - 8:04AM Trump's tax plan to propose deep U.S. rate cuts, lacks revenue details Reuters - 8:03AM Yellen lifts dollar as global markets await Trump tax plan Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% +0.03 15 Yr FRM 3.26% +0.02 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 4.20% +0.02 5/1 Yr ARM 3.22% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.22 -0.02 30 Yr. Fixed 4.14% 1.32 -0.01 MBA ** 30 Yr. Fixed 4.06% 0.38 -0.05 15 Yr. Fixed 3.34% 0.38 -0.02 30 Yr. Jumbo 3.96% 0.20 -0.04 30 Yr. FHA 3.98% 0.35 -0.04 5/1 ARM 3.14% 0.31 -0.12 Freddie Mac ** 30 Yr. Fixed 3.83% 0.50 +0.05 15 Yr. Fixed 3.13% 0.50 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.17% 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 3.0 100.31 -0.42 30YR FNMA 3.5 103.11 -0.27 30YR GNMA 3.0 101.58 0.00 30YR GNMA 3.5 104.23 +0.02 15YR FNMA 3.0 102.72 -0.19 15YR FNMA 2.5 100.72 -0.23 Treasuries Yield Change 2 YR 1.4787% +0.0389 5 YR 1.9072% +0.0455 10 YR 2.3103% +0.0746 30 YR 2.8632% +0.0893 Prices as of: 9/27/2017 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: Consumers Not Feeling Housing Funk; Credit Standards and Competition; Prices Stabilize

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30 Year Fixed 3.97%   +0.00 15 Year Fixed 3.27%   +0.00 10YR Treasury 2.22%   -0.0318 FNMA 30YR 3.5 103.36   +0.13 FNMA 15YR 2.5 102.92   +0.06 View Today's Rates

Monday September 25, 2017 MND NewsWire - 10:37AM Housing Market "Funk" Doesn't Reflect Consumer Attitudes Home sales might be a bit disappointing, but the National Association of Realtors® (NAR) says consumer attitudes about the economy are not the reason why . NAR's third quarter Housing ... MND NewsWire - 12:38PM Competition Lowers Credit Standards and Profit Expectations Since the fourth quarter of 2016, lenders have increasingly reported to Fannie Mae that they have been loosening their home mortgage credit standards. The company's third quarter 2017 ... MND NewsWire - 9:29AM Black Knight: Home Prices Appear to Have Stabilized After accelerating on a year-over-year basis through every previous month in 2017, the rate of home price appreciation appears to have stabilized in July , at least according to one ... Mortgage Rate Watch - 4:37PM Mortgage Rate Resilience Continues Mortgage rates held their ground yet again , and are finally starting to look resilient after a relatively sharp move higher over the past 2 weeks. This was true even before mid-day ... Training and Events; Freddie Mac's K-Deals; Top QC Issues MBS Day Ahead: Bonds Ponder Reversal as Month-End Approaches Latest Video North Korea accuses US of declaring war, says can take countermeasures I'd be 'truly stunned' if Trump considers Gary Cohn for Fed post: Axios reporter Financial conditions won't tighten materially if Fed takes it slow: Fidelity's Jurrien Timmer More News from 'Around the Web' CNBC - 4:35PM Economists at the Fed are worried about its ability to respond to future crises Reuters - 3:28PM Fed policymakers clash on outlook for inflation CNBC - 3:04PM The No. 1 mistake homebuyers make when trying to get a good deal Calculated Risk Blog - 1:58PM Has The Fed Abandoned Its Reaction Function? Market Watch - 1:57PM Fed's Evans won't support another rate hike until there are ‘clear signs' of higher inflation eyeonhousing.org - 11:53AM Homeowners' Equity Continues to Improve Calculated Risk Blog - 10:54AM Dallas Fed: "Growth in Texas Manufacturing Activity Holds Steady" in September Fannie Mae - 9:50AM As Market Pressures Mount, Lenders Continue to Ease ... Reuters - 9:29AM Dudley sees Fed rate hikes; inflation weakness 'fading' Calculated Risk Blog - 9:21AM Chicago Fed "Index points to slower economic growth in August" The Basis Point - 8:21AM Originations: Will Rates Spike As Fed Eases Stimulus? CNBC - 8:19AM Boomers aren't selling the nest after children fly the coop. Here's what that means for housing www.realtor.com - 8:16AM Flip, Rent, or Hold: What's the Best Path to Real Estate Riches? Reuters - 8:14AM DR Horton cuts cash flow forecast 50 percent due to hurricanes Reuters - 8:10AM Euro, bond yields drop as Germany's Merkel holds on Today's Rates Best Execution Rate Change 30 Yr FRM 3.97% +0.00 15 Yr FRM 3.27% +0.00 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 4.20% +0.00 5/1 Yr ARM 3.21% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.22 -0.02 30 Yr. Fixed 4.14% 1.32 -0.01 MBA ** 30 Yr. Fixed 4.06% 0.38 -0.05 15 Yr. Fixed 3.34% 0.38 -0.02 30 Yr. Jumbo 3.96% 0.20 -0.04 30 Yr. FHA 3.98% 0.35 -0.04 5/1 ARM 3.14% 0.31 -0.12 Freddie Mac ** 30 Yr. Fixed 3.83% 0.50 +0.05 15 Yr. Fixed 3.13% 0.50 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.17% 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 3.0 100.73 +0.20 30YR FNMA 3.5 103.36 +0.13 30YR GNMA 3.0 101.63 +0.22 30YR GNMA 3.5 104.19 +0.09 15YR FNMA 3.0 102.92 +0.06 15YR FNMA 2.5 100.97 +0.09 Treasuries Yield Change 2 YR 1.4271% -0.0080 5 YR 1.8381% -0.0267 10 YR 2.2216% -0.0318 30 YR 2.7615% -0.0232 Prices as of: 9/25/2017 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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