Daily Newsletter: Mortgage Rates Drop to Best Levels in 2 Weeks; Construction Spending Down, But Single-Fam Hangs Tough

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30 Year Fixed 4.52%   -0.04 15 Year Fixed 3.89%   -0.03 10YR Treasury 2.81%   -0.0528 FNMA 30YR 3.5 100.09   +0.25 FNMA 15YR 2.5 99.80   +0.22 View Today's Rates

Thursday March 1, 2018 Mortgage Rate Watch - 5:40PM Mortgage Rates Drop to Best Levels in 2 Weeks Mortgage rates moved lower today--somewhat significantly relative to recent examples--ultimately hitting the best levels in more than a week for most lenders. Trump's tariff announcement ... MND NewsWire - 11:41AM Construction Spending Down Despite Increase in Single Family Construction spending stalled in January. Publicly funded spending rose slightly from December but that was offset by reductions in most areas of private construction . Residential ... MBS Commentary - 9:26AM MBS Day Ahead: 2nd Day of Powell Testimony. Any More Landmines? This is currently the best week of the year for bond markets. The same was true of last week in the sense that it was the first time in 2018 that yields ended lower vs the close of ... Pipeline Press - 9:12AM Builder Product; Legal News and Settlements; Government Personnel Changes Welcome to March. What happened to January and February? This commentary occasionally discusses “tiny homes” (yes, okay with the Agencies if comps can be found), houses ... Homeownership's Price Tag Rising as Rents Moderate Pending Home Sales Plunge to Three-Year Lows Latest Video How will rising interest rates impact the US housing market? Powell: We don't know precisely where full employment is Powell: Our banking system is quite healthy More News from 'Around the Web' CNN - 2:54PM Equifax says hackers stole more than previously reported Reuters - 2:11PM Trump says U.S. to impose hefty tariffs on steel, aluminum imports CNBC - 2:10PM HUD chief Ben Carson moves to cancel order for $31,561 executive dining room set CNBC - 2:10PM Markets feared Trump would light the fuse on a trade war, and maybe he just did CNBC - 1:00PM 4 Fed rate hikes this year would be 'gradual': Dudley CNBC - 12:38PM Here's what you need to earn to buy a home in these big cities CNBC - 12:19PM New Fed chairman says Amazon helped keep inflation low www.consumerfinancemonitor.com - 11:03AM CFPB to look to state AGs for more leadership in enforcement arena CNBC - 10:55AM As home prices soar, buyers turn to riskier mortgages CNBC - 10:41AM Fed Chair Powell: No evidence of 'decisive' move up in wages CNBC - 10:31AM Ex-Fed Chair Greenspan: 'We are in a bond market bubble' that's beginning to unwind Calculated Risk Blog - 10:11AM ISM Manufacturing index increased to 60.8 in February freddiemac.mwnewsroom.com - 10:05AM Fixed-Rate Mortgage Rates Rise for Eighth Consecutive Week Reuters - 9:58AM Fed chief Powell returns to Congress as markets seek clarity Reuters - 9:37AM U.S. inflation picks up; weekly jobless claims at 48-year low CNBC - 8:46AM US consumer inflation picks up in January as spending slows Calculated Risk Blog - 8:46AM Weekly Initial Unemployment Claims decrease to 210,000, 4-Week Average lowest since 1969 www.realtor.com - 8:30AM The 20 Hottest Real Estate Markets for February 2018: Get Ready for the Spring Thaw! Bloomberg - 8:30AM In Supply-Starved Home Market, Can Wall Street Landlords Help? www.corelogic.com - 8:29AM CoreLogic Special Report: Evaluating the Housing Market Since the Great Recession Today's Rates Best Execution Rate Change 30 Yr FRM 4.52% -0.04 15 Yr FRM 3.89% -0.03 FHA 30 Year Fixed 4.32% -0.05 Jumbo 30 Year Fixed 4.55% -0.03 5/1 Yr ARM 3.59% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.65% 1.14 +0.09 30 Yr. Fixed 4.19% 1.21 +0.02 MBA ** 30 Yr. Fixed 4.64% 0.61 +0.07 15 Yr. Fixed 4.02% 0.66 +0.02 30 Yr. Jumbo 4.62% 0.50 +0.07 30 Yr. FHA 4.58% 0.71 +0.04 5/1 ARM 3.72% 0.39 -0.02 Freddie Mac ** 30 Yr. Fixed 4.43% 0.50 +0.03 15 Yr. Fixed 3.90% 0.50 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.62% 0.40 -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 97.20 +0.28 30YR FNMA 3.5 100.09 +0.25 30YR GNMA 3.0 98.09 +0.36 30YR GNMA 3.5 100.81 +0.23 15YR FNMA 3.0 99.80 +0.22 15YR FNMA 2.5 97.78 +0.25 Treasuries Yield Change 2 YR 2.2178% -0.0402 5 YR 2.5847% -0.0604 10 YR 2.8114% -0.0528 30 YR 3.0916% -0.0433 Prices as of: 3/1/2018 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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