Daily Newsletter: Existing Sales Beat Forecast; Consumers Trust People Over Websites; Rates Rocked (Relatively) by Tax Plan Optimism

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30 Year Fixed 3.98%   +0.02 15 Year Fixed 3.28%   +0.02 10YR Treasury 2.38%   +0.0649 FNMA 30YR 3.5 102.67   -0.23 FNMA 15YR 2.5 102.36   -0.14 View Today's Rates

Friday October 20, 2017 MND NewsWire - 10:53AM Existing Sales Beat Forecast Despite Taking a Hit From Hurricanes It was only a small gain , albeit larger than analysts expected, but after three straight months of sliding sales, the existing home sales report for September is still good news. The ... MND NewsWire - 12:49PM Consumers: On-Line Mortgage Info Convenient, not Trustworthy While it sometimes seems as though Americans live online, there is still apparently one area where they still value human contact. A recent survey conducted by Fannie Mae found borrowers ... MND NewsWire - 9:39AM Refinancing Share at Early 2017 Levels Refinancing increased its share of total originations in September, rising 3 percentage points from August to 38 percent of all closed loans. Ellie Mae, in its Originations Insight ... Mortgage Rate Watch - 6:26PM Mortgage Rates Rocked (Relatively) By Tax Plan Optimism Mortgage rates moved higher today as financial markets grew more optimistic about the potential for tax reform. Late last night, the Senate passed a resolution that included language ... New Wholesaler, Lender/Vendor Tools; Capital Markets Product MBS Day Ahead: Bonds Back on The Ropes Latest Video Budget procedural move was totally expected: Austan Goolsbee White House: Taylor-Powell Fed pairing still under consideration Existing home sales rise 0.7 percent in September More News from 'Around the Web' Reuters - 6:42PM Trump considers Fed's Powell, economist Taylor to lead central bank CNBC - 3:31PM Trump may have narrowed down Fed pick to Powell and Taylor www.realtor.com - 3:31PM Home Prices Are Continuing to Fall—by How Much? Reuters - 1:45PM Yellen lunches with White House adviser Cohn, day after Trump interview CNBC - 1:43PM House flipping is making a comeback thanks to rising home prices CNBC - 12:41PM How much it costs to buy a home in America's top 10 'hipster' neighborhoods Market Watch - 11:42AM Financial ETF jumps to 10-year high as budget bill passage boosts bond yields Calculated Risk Blog - 11:29AM BLS: Unemployment Rates Lower in 11 states in September; Tennessee and Idaho at New Series Lows freddiemac.mwnewsroom.com - 10:19AM Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-068 Reuters - 10:19AM U.S. existing home sales unexpectedly rebound in September Market Watch - 9:40AM Dow, S&P 500 hit fresh records intraday on hope of tax-bill passage eyeonhousing.org - 9:31AM Lots Account for 17% of New Home Sale Prices CNBC - 8:23AM Senate passes a budget, moving the GOP closer to tax reform Market Watch - 8:22AM Bond Report: Treasury yields jump as Senate passes budget bill, juices risk appetite CNBC - 8:22AM Wall Street expects Powell but still wants Yellen as next Fed chair Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% +0.02 15 Yr FRM 3.28% +0.02 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 4.17% +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 3.88% 0.50 -0.03 15 Yr. Fixed 3.19% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.17% 0.40 +0.01 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 99.89 -0.31 30YR FNMA 3.5 102.67 -0.23 30YR GNMA 3.0 100.97 -0.44 30YR GNMA 3.5 103.66 -0.38 15YR FNMA 3.0 102.36 -0.14 15YR FNMA 2.5 100.27 -0.19 Treasuries Yield Change 2 YR 1.5763% +0.0377 5 YR 2.0186% +0.0638 10 YR 2.3827% +0.0649 30 YR 2.8945% +0.0572 Prices as of: 10/20/2017 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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