Daily Newsletter: NAR Warns on Pending Sales; Rates Dent Mortgage Apps; Robots and Underwriting; Fed Announcement

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30 Year Fixed 4.34%   -0.01 15 Year Fixed 3.71%   +0.00 10YR Treasury 2.72%   -0.0036 FNMA 30YR 3.5 100.95   +0.02 FNMA 15YR 2.5 100.48   -0.05 View Today's Rates

Wednesday January 31, 2018 MND NewsWire - 10:49AM Although Pending Sales Up, NAR Warns of Tax Law Implications Pending home sales finished off the year in a more upbeat tune. Although the December gain in sales, reported on Wednesday by the National Association of Realtors® (NAR) was a slim ... MND NewsWire - 8:40AM Rising Rates Finally Make a Dent in Mortgage Apps Mortgage activity suffered its first downturn of 2018 last week, breaking a three-week winning streak. The Mortgage Bankers Association (MBA) reports that applications for both refinancing ... MND NewsWire - 12:47PM Robots Coming for Your Job? Why Automated Underwriting is Good Loan applications are increasingly submitted and approved via a cell phone and Fannie Mae, and Freddie Mac constantly refer in press releases to their respective automated systems. ... Mortgage Rate Watch - 2:56PM Mortgage Rates Hold Steady Despite Upbeat Fed Mortgage rates managed to hold steady today, on average (some lenders were slightly better while others were slightly worse) despite a more upbeat economic assessment from The Federal ... Differences Between Previous and Current FOMC Statements Upcoming Events; DOJ and Eagle Home; Compliance "Fun" With CRM's MBS Day Ahead: State Of The What? Bonds Turn Attention to Supply and The Fed Latest Video Former Wells Fargo CEO: Interest rates have been manipulated by the Fed for too long Fed leaves rates unchanged Pending home sales up 0.5% in December More News from 'Around the Web' Bloomberg - 3:23PM Homebuilders Just Had Their Nastiest Seven-Day Run in Two Years CNBC - 3:23PM Traders are still expecting two to three rate hikes this year after Fed statement Reuters - 2:26PM D.R. Horton's affordable homes unit to get boost from first-time buyers Federal Reserve - 2:25PM Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy" CNBC - 2:25PM Fed leaves rates unchanged but gives more aggressive inflation expectations CNBC - 12:58PM How financial markets performed during the Yellen Fed years CNBC - 12:43PM Fidelity's Jurrien Timmer: The risk to this bull market is an aggressive Fed CNBC - 12:30PM Expect to see commodities rise because the dollar will keep falling, analysts say Bloomberg - 11:22AM U.S. Raises Longer-Term Debt Sales as Budget Deficit Worsens CNBC - 10:39AM Consumer protection bureau structure upheld in blow to Trump's deregulation efforts Calculated Risk Blog - 9:15AM ADP: Private Employment increased 234,000 in January Reuters - 8:22AM ECB won't be too hasty in ending bond buys: Coeure www.politico.com - 8:22AM Lawmakers question price tag of Trump's SOTU infrastructure pitch Reuters - 8:14AM BOJ hoses down market speculation of early stimulus exit CNBC - 8:11AM Fed expected to leave rates unchanged, may sound hawkish after Yellen's final meeting Today's Rates Best Execution Rate Change 30 Yr FRM 4.34% -0.01 15 Yr FRM 3.71% +0.00 FHA 30 Year Fixed 4.10% +0.00 Jumbo 30 Year Fixed 4.44% -0.01 5/1 Yr ARM 3.35% -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 4.15% 0.50 +0.11 15 Yr. Fixed 3.62% 0.50 +0.13 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.52% 0.40 +0.06 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 98.00 -0.02 30YR FNMA 3.5 100.95 +0.02 30YR GNMA 3.0 99.08 -0.02 30YR GNMA 3.5 101.77 -0.02 15YR FNMA 3.0 100.48 -0.05 15YR FNMA 2.5 98.48 -0.05 Treasuries Yield Change 2 YR 2.1486% +0.0203 5 YR 2.5256% +0.0168 10 YR 2.7200% -0.0036 30 YR 2.9470% -0.0285 Prices as of: 1/31/2018 4:11PM 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Guess Who's Pushing Homeownership Higher; Home Price Deja Vu; Rates Still on Scary Ride

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30 Year Fixed 4.35%   +0.01 15 Year Fixed 3.71%   +0.01 10YR Treasury 2.72%   +0.0244 FNMA 30YR 3.5 100.94   -0.11 FNMA 15YR 2.5 100.53   -0.06 View Today's Rates

Tuesday January 30, 2018 MND NewsWire - 1:08PM You'll Never Guess Who's Pushing Homeownership Higher The national homeownership rate ticked up slightly in the fourth quarter of 2017, but the U.S. Census Bureau said the change, from 63.9 percent in the third quarter to 64.2 percent ... MND NewsWire - 10:13AM Deja Vu: Home Price Gains Being Led by Usual Suspects Home price gains picked up the pace again in November according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The index, which covers all nine U.S. census divisions ... Mortgage Rate Watch - 4:15PM Mortgage Rates Still on a Scary Ride Mortgage rates continued just slightly higher today. While it wasn't the worst day they've had in terms of movement, it arrives as rates were already pushing the highest levels in more ... Pipeline Press - 9:23AM Ginnie, FHA, VA News Impacting the Primary/Secondary Markets Opening today’s note with something non-business related, before the commentary comes out Wednesday (tomorrow) morning, we’ll have a full lunar eclipse. No glasses needed ... MBS Day Ahead: Another Way to Look at The Sell-Off (Inflation is Back) Black Knight Home Prices on 67 Month Winning Streak Latest Video This is a classic case of rebalancing: Bank of America's Chris Hyzy Buyers face rising rates heading into spring housing market Santelli Exchange: The yield curve may dictate the number of 2018 rate increases More News from 'Around the Web' CNBC - 4:53PM Three events in the next 24 hours that could determine whether the sell-off continues Bloomberg - 3:14PM ECB's Knot Says QE May End With Short Taper After September Bloomberg - 3:13PM Dollar May Get Treasuries Lifeline, But Only If Yields Crack 3% www.realtor.com - 3:13PM This Is the Best Time of Year to Rent CNBC - 3:12PM If the market's drop turns into a correction, history says hide out in gold, bonds CNBC - 2:09PM This stock market drop is about one thing: fear of rising interest rates Bloomberg - 2:09PM Mnuchin Says His Dollar Policy Isn't Aimed at Jawboning It Lower Calculated Risk Blog - 2:09PM Freddie Mac: Mortgage Serious Delinquency Rate Increased Sharply in December blog.stewart.com - 12:15PM Another Top-10 List — Where Millennials are Buying Homes Reuters - 11:51AM Wall Street hit by rising bond yields, sinking health stocks Calculated Risk Blog - 11:03AM HVS: Q4 2017 Homeownership and Vacancy Rates Bloomberg - 10:25AM Treasury Refunding Announcement Is a Rare Nail-Biter for Traders CNBC - 10:15AM US January Consumer Confidence index 125.4 vs 123.1 expectations CNBC - 9:26AM Bond expert predicts a 'wall of buying' in Treasurys will protect the stock market Bloomberg - 8:19AM Market Euphoria May Turn to Despair If 10-Year Yield Jumps to 3% CNBC - 8:19AM Trump advisor Cohn; President to focus on $1.5 trillion infrastructure plan tonight Today's Rates Best Execution Rate Change 30 Yr FRM 4.35% +0.01 15 Yr FRM 3.71% +0.01 FHA 30 Year Fixed 4.10% +0.00 Jumbo 30 Year Fixed 4.45% +0.00 5/1 Yr ARM 3.36% -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 4.15% 0.50 +0.11 15 Yr. Fixed 3.62% 0.50 +0.13 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.52% 0.40 +0.06 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 98.02 -0.17 30YR FNMA 3.5 100.94 -0.11 30YR GNMA 3.0 99.09 -0.11 30YR GNMA 3.5 101.78 -0.11 15YR FNMA 3.0 100.53 -0.06 15YR FNMA 2.5 98.53 -0.05 Treasuries Yield Change 2 YR 2.1283% +0.0080 5 YR 2.5088% +0.0134 10 YR 2.7236% +0.0244 30 YR 2.9755% +0.0269 Prices as of: 1/30/2018 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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