Daily Newsletter: Mortgage Rates Back Down From 2-Month Highs

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30 Year Fixed 3.97%   -0.02 15 Year Fixed 3.24%   -0.02 10YR Treasury 2.34%   +0.0305 FNMA 30YR 3.5 103.02   -0.19 FNMA 15YR 2.5 102.69   -0.16 View Today's Rates

Friday September 29, 2017 Mortgage Rate Watch - 2:37PM Mortgage Rates Back Down From 2-Month Highs Mortgage rates moved lower today, even though underlying bond markets (which ultimately drive rates) suggested a move higher. This happens from time to time and it's usually a factor ... MND NewsWire - 12:23PM Mortgage Fraud Characterized by Delayed Discovery Mortgage fraud may be both more prevalent than lenders know and more insidious than they realize according to Bridget Berg, a principal in Industry Solutions and Property Intelligence ... MBS Commentary - 3:49PM MBS RECAP: Strong Start, Weak Finish on Fed Musical Chairs and Month End The music is currently playing for the role of Fed Chair next year. When the music stops, Yellen may or may not still have a seat. News came out this morning that Trump was meeting ... Pipeline Press - 9:23AM Disaster Updates; RBS Lawsuit Setback; Lender Products Yesterday was the release of the HMDA information by the CFPB. Yes, there is a dashboard to slice and dice the data; more information below. And yes, HMDA data collection changes enforced ... MBS Day Ahead: Inflation Data and Bigger Picture Considerations Investment Properties and Lower-Doc Loans Pushing Credit Risk Higher Latest Video We don't have faith in meaningful tax cuts: Wells Fargo's Scott Wren Trump met with Kevin Warsh amid quest to fill Fed chair job Quicken Loans founder Dan Gilbert: As long as rates are reasonable, mortgage deduction going away doesn't matter More News from 'Around the Web' www.realtor.com - 2:55PM If You Find Your Own Buyer, Will Your Real Estate Agent Take Less Commission? www.consumerfinancemonitor.com - 2:30PM CFPB updates HMDA rule guidance materials CNBC - 2:30PM Gary Cohn: 'People don't buy homes because of the mortgage deduction'—or do they? CNBC - 12:41PM Kevin Warsh is far from a lock to replace Janet Yellen as Fed chair CNBC - 12:04PM Fed's Harker says he still expects to raise rates in December Calculated Risk Blog - 12:04PM Q3 GDP Forecasts: Close to 2% www.consumerfinancemonitor.com - 11:46AM CFPB enters into RESPA settlement with title agent freddiemac.mwnewsroom.com - 11:32AM Freddie Mac September Insight: Is Geography Destiny? CNBC - 11:05AM Bond yields jump on report former Fed official Kevin Warsh met with President Trump Calculated Risk Blog - 10:38AM Reis: Office Vacancy Rate "flat" in Q3 at 16.1% CNBC - 10:11AM Consumer sentiment hits 95.1 in September vs. 95.3 estimate CNBC - 10:00AM Trump met with Kevin Warsh to discuss Fed chair job: WSJ citing White House official Reuters - 9:59AM U.S. consumer spending barely rises; core inflation retreats Bloomberg - 8:51AM EU Is Said to Consider Brexit Compromise as Parliament Digs in Reuters - 8:50AM U.S. consumer spending barely rises; core inflation moderates Today's Rates Best Execution Rate Change 30 Yr FRM 3.97% -0.02 15 Yr FRM 3.24% -0.02 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 4.17% -0.03 5/1 Yr ARM 3.21% -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% 0.60 +0.00 15 Yr. Fixed 3.13% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.20% 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 3.0 100.23 -0.20 30YR FNMA 3.5 103.02 -0.19 30YR GNMA 3.0 101.33 +0.02 30YR GNMA 3.5 104.00 -0.06 15YR FNMA 3.0 102.69 -0.16 15YR FNMA 2.5 100.64 -0.16 Treasuries Yield Change 2 YR 1.4907% +0.0360 5 YR 1.9393% +0.0462 10 YR 2.3390% +0.0305 30 YR 2.8657% -0.0031 Prices as of: 9/29/2017 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: Mortgage Rates Trying to Find a Ceiling; Investors and Low-Doc Pushing Credit Risk Higher

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30 Year Fixed 3.99%   +0.01 15 Year Fixed 3.26%   +0.00 10YR Treasury 2.31%   +0.0000 FNMA 30YR 3.5 103.17   +0.06 FNMA 15YR 2.5 102.84   +0.13 View Today's Rates

Thursday September 28, 2017 Mortgage Rate Watch - 3:43PM Mortgage Rates Trying to Find a Ceiling Mortgage rates were decidedly higher this morning, with most lenders back above last week's highs. At the time, those were the highest rates in more than a month, although the range ... MND NewsWire - 10:38AM Investment Properties and Lower-Doc Loans Pushing Credit Risk Higher While it is still within what is considered normal limits, credit risk did move higher among loans originated during the second quarter of the year. CoreLogic says its Housing Credit ... Pipeline Press - 9:25AM Tech Products; Disaster Updates; Rates Moved by Peace/Tax Plan Research by the Washington Post finds only about 20% of homeowners in Texas counties that were hit by flooding have flood insurance. In separate, but related news, a GOBankingRates ... MBS Commentary - 8:32AM MBS Day Ahead: It's Uncanny How Much 2017 Looks Like 2014 Right Now First off, let me say that the extent to which bond market weakness over the past 2 days is being wholly attributed to the tax plan borders on ridiculous. There's something else going ... OIG Criticizes Ginnie Mae Oversight of Nonbanks Housing Momentum "Drained" Per Pending Sales Data Latest Video 10-Year Treasury yield rises Fed's Fischer: Fed's tools for fighting crises not battle-tested Initial jobless claims up 12K to 272,000; Q2 GDP up 3.1% More News from 'Around the Web' CNBC - 3:22PM Gary Cohn: Family earning $100,000 a year would get $1,000 tax break CNBC - 2:12PM One of the world's largest hedge funds is now letting computers trade completely on their own Bloomberg - 1:08PM Consumer Comfort in US Increases for First Time in Four Weeks Reuters - 12:32PM U.S. economy accelerates in second quarter; hurricanes expected to slow growth freddiemac.mwnewsroom.com - 12:00PM Freddie Mac Prices New $2.5 Billion Three-Year Reference Notes Security Calculated Risk Blog - 11:12AM Kansas City Fed: Regional Manufacturing Activity "Continued to Expand Solidly" in September webfeeds.brookings.edu - 11:12AM Hutchins Roundup: the Fed's balance sheet and 10-year rates, employment hysteresis, and more freddiemac.mwnewsroom.com - 10:17AM Mortgage Rates Hold Flat Market Watch - 10:05AM The Fed: Fischer suggests Fed should separate financial stability watchdog from FOMC Reuters - 8:56AM U.S. second-quarter GDP growth revised up to 3.1 percent CNBC - 8:55AM Cohn says entire tax cut will be paid for by growth www.corelogic.com - 8:55AM CoreLogic Reports Mortgage Credit Risk Increased in Q2 2017 www.realtor.com - 8:03AM America's 20 Hottest Markets for Real Estate in September 2017 Bloomberg - 8:02AM The Fannie-Freddie Overhaul Is Near Do-or-Die With Corker Stepping Away Reuters - 8:02AM Dollar dips after Trump tax plan spurt, bond yields stay up Today's Rates Best Execution Rate Change 30 Yr FRM 3.99% +0.01 15 Yr FRM 3.26% +0.00 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 4.20% +0.00 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% 0.60 +0.00 15 Yr. Fixed 3.13% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.20% 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 3.0 100.39 +0.08 30YR FNMA 3.5 103.17 +0.06 30YR GNMA 3.0 101.31 -0.27 30YR GNMA 3.5 104.08 -0.16 15YR FNMA 3.0 102.84 +0.13 15YR FNMA 2.5 100.80 +0.08 Treasuries Yield Change 2 YR 1.4547% -0.0240 5 YR 1.8947% -0.0125 10 YR 2.3103% +0.0000 30 YR 2.8688% +0.0056 Prices as of: 9/28/2017 4:09PM 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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