Daily Newsletter: Overvaluation Becoming a Bigger Issue; Jumbo Availability Declined; How Much do Rates Affect Affordability?

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30 Year Fixed 3.93%   +0.00 15 Year Fixed 3.25%   +0.00 10YR Treasury 2.32%   -0.0018 FNMA 30YR 3.5 103.08   -0.02 FNMA 15YR 2.5 102.55   0.00 View Today's Rates

Tuesday November 7, 2017 MND NewsWire - 11:37AM Overvaluation Becoming a Bigger Issue for Home Prices -CoreLogic Data from CoreLogic could be sounding a bubble alarm. The company's Home Price Report for September jumped almost a point from the previous month, and the company says nearly half of ... MND NewsWire - 9:56AM Jumbo Loan Availability Declined in October Access to mortgage credit changed very little over the first nine months of 2017, and when there were increases, it seemed always to be the availability of jumbo mortgages driving them ... MND NewsWire - 9:56AM How Much Do Rates Matter For Affordability? During the first eight months of 2017, home prices increased at the fastest clip than any equivalent time period since 2013. Black Knight Financial Services said late last month that ... Mortgage Rate Watch - 5:15PM Mortgage Rates Steady at 3-Week Lows Mortgage rates held steadier today after spending 6 of the past 7 days moving lower. They're now at their lowest levels in roughly 3 weeks and fairly close to reentering the lower range ... Nationstar in Play; New Lender; State Credit Scores and Lending Changes MBS Day Ahead: Without Inspiration and Motivation, Things Can Get Weird Latest Video Jim Paulsen says the long-standing bull market could take a 'pause' No signal for a recession or for the rally to be over anytime soon: Credit Suisse's Jonathan Golub JPMorgan: Expect Fed to raise rates four times in 2018 More News from 'Around the Web' CNBC - 4:23PM Mitch McConnell says Senate GOP will release its tax proposal on Friday Calculated Risk Blog - 5:14PM First Look: 2018 Housing Forecasts Bloomberg - 4:20PM Bond-Market Phenomenon Unseen Since '04 Explains Curve Conundrum The Atlantic - 1:47PM Governments Don't Stand a Chance Against Rich People Who Don't Like Taxes Reuters - 1:47PM House Republicans seek U.S. tax vote next week; Fitch warns on deficit www.realtor.com - 1:46PM Millennial Home Buyers Send a Chill Through Rental Markets eyeonhousing.org - 10:45AM Construction Job Openings in September CNBC - 10:31AM House tax panel chair says it expects to vote on plan next week PR Newswire - 10:19AM U.S. Office Space Vacancies Continue Tightening Trend CNBC - 10:19AM September job openings holds steady near record high www.corelogic.com - 8:22AM CoreLogic US Home Price Report Reveals Nearly Half of the Nation's Largest 50 Markets are Overvalued CNBC - 8:20AM As rules on reverse mortgages for seniors change, opportunities and concerns arise webfeeds.brookings.edu - 8:20AM It's time to gut the mortgage interest deduction Today's Rates Best Execution Rate Change 30 Yr FRM 3.93% +0.00 15 Yr FRM 3.25% +0.00 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 4.12% -0.01 5/1 Yr ARM 3.16% -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 3.94% 0.50 +0.00 15 Yr. Fixed 3.27% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.23% 0.50 +0.02 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 -0.05 30YR FNMA 3.5 103.08 -0.02 30YR GNMA 3.0 101.42 -0.03 30YR GNMA 3.5 104.00 0.00 15YR FNMA 3.0 102.55 0.00 15YR FNMA 2.5 100.52 -0.03 Treasuries Yield Change 2 YR 1.6329% +0.0122 5 YR 1.9884% +0.0033 10 YR 2.3163% -0.0018 30 YR 2.7786% -0.0187 Prices as of: 11/7/2017 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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