Daily Newsletter: Rates Tick Up After Jobs Report; Fannie and Freddie Echo FHFA's Profit Sweep Concerns

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30 Year Fixed 3.99%   +0.01 15 Year Fixed 3.29%   +0.01 10YR Treasury 2.26%   +0.0443 FNMA 30YR 3.5 103.17   -0.13 FNMA 15YR 2.5 102.97   -0.09 View Today's Rates

Friday August 4, 2017 Mortgage Rate Watch - 5:26PM Mortgage Rates Tick Up After Jobs Report While it was far from a dramatic move mortgage rates ticked slightly higher after today's Employment Situation data, otherwise known simply as "the jobs report" or NFP (due to its headline ... MND NewsWire - 11:23AM Fannie and Freddie Echo FHFA's Conservatorship Concerns Fannie Mae and Freddie Mac (the GSEs, or "government-sponsored enterprises") were already well past having paid back taxpayer bailouts before this week's earnings releases. Freddie ... Pipeline Press - 9:18AM DPA and Accounting Services; Documentation Changes; New Jumbo Deal Harvard research finds that Americans will spend $316B remodeling their homes in 2017 vs. $296B in 2016. This also compares to a low of $222B (in 2009) and a high of $334B in 2006 ... MBS Commentary - 9:13AM MBS Day Ahead: Medium Strong Jobs Having Expected Effect My commentary took a bearish turn , essentially saying that bond markets had done what they could to price-in a poor NFP number and that anything outside a big miss would likely result ... Conflicting Views on Need for New Credit Scoring Models ARMs Drive Slight Improvement in Underwriting Standards -MBA Latest Video Jobs report still doesn't show signs of inflation: OppenheimerFunds CIO Alan Greenspan: Interest rates on government bonds have never been lower Jobs report shows solid growth in labor force participation: Austan Goolsbee More News from 'Around the Web' Bloomberg - 4:57PM El-Erian 'More and More Worried' About Wages, Even as Jobs Gain Bloomberg - 3:39PM Gary Cohn Says to Expect More Deregulation www.consumerfinancemonitor.com - 1:50PM CFPB Provides First Look at the HMDA Portal CNBC - 1:14PM Private equity coffers boom as pension funds look for somewhere else to put money beyond stocks Calculated Risk Blog - 12:37PM Trade Deficit at $43.6 Billion in June CNBC - 10:29AM 'Mystery' of slow wage growth keeps market doubting Fed can hike interest rates Calculated Risk Blog - 8:54AM July Employment Report: 209,000 Jobs, 4.3% Unemployment Rate Market Watch - 8:27AM Treasury yields steady as Wall Street braces for inflation cues from jobs report CNBC - 8:27AM Greenspan: Bond bubble about to break because of 'abnormally low' interest rates Reuters - 8:27AM Strong U.S. jobs report seen in July; wages likely rose Today's Rates Best Execution Rate Change 30 Yr FRM 3.99% +0.01 15 Yr FRM 3.29% +0.01 FHA 30 Year Fixed 3.65% +0.00 Jumbo 30 Year Fixed 4.28% +0.01 5/1 Yr ARM 3.18% +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 4.13% 0.32 +0.00 15 Yr. Fixed 3.39% 0.33 -0.01 30 Yr. Jumbo 4.09% 0.20 +0.01 30 Yr. FHA 4.02% 0.41 -0.02 5/1 ARM 3.31% 0.25 +0.05 Freddie Mac ** 30 Yr. Fixed 3.93% 0.50 +0.01 15 Yr. Fixed 3.18% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.15% 0.50 -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 3.0 100.42 -0.19 30YR FNMA 3.5 103.17 -0.13 30YR GNMA 3.0 101.67 +0.13 30YR GNMA 3.5 104.06 -0.02 15YR FNMA 3.0 102.97 -0.09 15YR FNMA 2.5 101.00 -0.14 Treasuries Yield Change 2 YR 1.3549% +0.0119 5 YR 1.8173% +0.0327 10 YR 2.2637% +0.0443 30 YR 2.8420% +0.0479 Prices as of: 8/4/2017 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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