Daily Newsletter: Mortgage Rates Start Lower, But Pushed Back Up After Jobs Report

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30 Year Fixed 4.62%   +0.00 15 Year Fixed 4.00%   +0.00 10YR Treasury 2.95%   +0.0038 FNMA 30YR 3.5 99.28   +0.05 FNMA 15YR 2.5 99.19   +0.02 View Today's Rates

Friday May 4, 2018 Mortgage Rate Watch - 6:38PM Mortgage Rates Start Lower, But Pushed Back Up After Jobs Report Mortgage rates were sideways today, on average, but only after the dust settled on some morning volatility. The big jobs report was released at 8:30am ET, and it frequently has an impact ... MBS Commentary - 9:46AM MBS Day Ahead: Bonds Face Technical Hurdles as Cautious Optimism Continues With modest gains intact this morning (even after NFP), we're finally in a position to say that all hope may not officially be lost for bonds. That was a risk as recently as last week ... Pipeline Press - 9:35AM Mutual of Omaha/Synergy One Deal; Howard Bank Ends DTC May the 4 th be with you! The force is with the US Treasury Department as it prepares to take steps to cover a rapidly growing deficit. The government is increasing long-term debt to ... Homebuyers See Themselves Priced Out of Market Strong Earnings at Fannie/Freddie After 4th Quarter Accounting Losses Latest Video Fed's Williams reacts to April jobs report Markets' reaction 'muted' to jobs numbers After a run to 3 percent, looks like the 10-year Treasury yield has topped out, trader says More News from 'Around the Web' Bloomberg - 6:36PM Can't Beat the NYC Rental Market? Maybe It's Time to Buy Instead Bloomberg - 6:36PM Fed's Williams, Dudley Stress Soft Ceiling on Inflation Goal Bloomberg - 6:35PM Wells Fargo Settles Fake-Accounts Lawsuit for $480 Million Bloomberg - 6:34PM NJ Homeowners Get Law to Skirt Trump's Lowered Tax Deductions Bloomberg - 4:33PM Surveillance: No Need for the Fed to Panic www.npr.org - 4:32PM U.S. Trade Talks With China End With No Agreement CNBC - 2:49PM Inflation may modestly overshoot the Fed's 2 percent target: San Francisco Fed's Williams www.nytimes.com - 2:01PM Should the Fed Create 'FedCoin' to Rival Bitcoin? A Former Top Official Says 'Maybe' Google News - 12:16PM Guaranteed Jobs: Too Big to Succeed Reuters - 11:44AM Trump team demands China slash U.S. trade surplus by $200 billion, cut tariffs www.consumerfinancemonitor.com - 9:53AM No U.S. Supreme Court review sought in PHH CNBC - 9:53AM After a run to 3 percent, looks like the 10-year Treasury yield has topped out, trader says CNBC - 9:53AM Non-farm payrolls increased by 164,000 in April, vs 192,000 jobs expected Calculated Risk Blog - 9:52AM Comments on April Employment Report Today's Rates Best Execution Rate Change 30 Yr FRM 4.62% +0.00 15 Yr FRM 4.00% +0.00 FHA 30 Year Fixed 4.45% +0.00 Jumbo 30 Year Fixed 4.68% +0.01 5/1 Yr ARM 3.78% -0.02 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 4.68% 0.46 -0.01 15 Yr. Fixed 4.12% 0.51 +0.05 30 Yr. Jumbo 4.55% 0.37 +0.00 30 Yr. FHA 4.69% 0.81 -0.04 5/1 ARM 3.83% 0.68 -0.10 Freddie Mac ** 30 Yr. Fixed 4.55% 0.50 -0.03 15 Yr. Fixed 4.03% 0.40 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.69% 0.30 -0.05 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 96.27 -0.16 30YR FNMA 3.5 99.28 +0.05 30YR GNMA 3.0 97.56 +0.14 30YR GNMA 3.5 100.08 +0.03 15YR FNMA 3.0 99.19 +0.02 15YR FNMA 2.5 97.17 -0.02 Treasuries Yield Change 2 YR 2.5050% +0.0248 5 YR 2.7871% +0.0051 10 YR 2.9515% +0.0038 30 YR 3.1229% +0.0000 Prices as of: 5/4/2018 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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