Daily Newsletter: Remodelers Say Labor Shortages are Raising Costs, Delaying Work; Disparity in Mortgage Standards

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30 Year Fixed 4.62%   +0.01 15 Year Fixed 4.00%   +0.01 10YR Treasury 2.97%   +0.0206 FNMA 30YR 3.5 99.11   -0.17 FNMA 15YR 2.5 99.02   -0.13 View Today's Rates

Tuesday May 8, 2018 MND NewsWire - 10:54AM Remodelers Say Labor Shortages are Raising Costs, Delaying Work Home owners who have needed help from someone in the trades in the recent past will probably agree with a report from the National Association of Home Builders (NAHB) noting the serious ... MND NewsWire - 4:32PM Government Mortgage Standards Tightening While Jumbos Expand The Mortgage Credit Availability Index (MCAI), a measure developed by the Mortgage Bankers Association (MBA), was unchanged in April at 177.9. The Index indicates the availability of ... Mortgage Rate Watch - 4:40PM Mortgage Rates Move Back Up Mortgage rates are still technically in a sideways holding pattern, but today's move took them slightly higher inside their recent range. The average lender is back in line with Friday ... Pipeline Press - 9:09AM Capital Markets Products; Non-QM Issuance; Freddie Extending Credit to Non-Banks? Air travel is an interesting thing, and very safe by most metrics. Did you know that there are between 440,000 and 660,000 people in the air over the U.S. at any given time? (This morning ... MBS Day Ahead: As Week Begins in Earnest, Bonds Are Under Pressure Monitor: Eye-Catching Decline in Defaults, Deceleration in Home Prices Sighted Latest Video President Trump expected to withdraw from the Iran nuclear deal Santelli Exchange: Growth and inflation will determine the level of interest rates JP Morgan Private Bank: Is the growth cycle about to end? More News from 'Around the Web' www.consumerfinancemonitor.com - 4:29PM Top CFPB officials describe recent changes at the Bureau Calculated Risk Blog - 3:11PM Update: Housing Inventory Tracking Washington Post - 1:23PM A surprising economic factor that could power presidential voting: The availability of mortgages Calculated Risk Blog - 12:16PM Las Vegas Real Estate in April: Sales Up Slightly YoY, Inventory down 19% CNBC - 11:52AM Here's how the next bond crash actually happens Calculated Risk Blog - 10:29AM BLS: Job Openings Increased in March to New Series High CNBC - 10:09AM Homeowners are bullish on prices, while buyers may find there's no inventory Bloomberg - 9:49AM Powell Comments, Emerging-Market Concern, UK Houses: Eco Day news.gallup.com - 8:54AM U.S. Home Selling and Buying Intentions Point to Sellers' Market eyeonhousing.org - 8:53AM For Remodelers, Labor Shortages Resume Aggravating Trend Washington Post - 8:53AM Forget owning, renting is becoming the end game for many millennials and baby boomers Washington Post - 8:37AM HUD Secretary Ben Carson to be sued for suspending Obama-era fair-housing rule Today's Rates Best Execution Rate Change 30 Yr FRM 4.62% +0.01 15 Yr FRM 4.00% +0.01 FHA 30 Year Fixed 4.45% +0.01 Jumbo 30 Year Fixed 4.68% +0.01 5/1 Yr ARM 3.80% +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 4.68% 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 96.13 -0.38 30YR FNMA 3.5 99.11 -0.17 30YR GNMA 3.0 97.41 -0.23 30YR GNMA 3.5 100.16 -0.05 15YR FNMA 3.0 99.02 -0.13 15YR FNMA 2.5 97.02 -0.13 Treasuries Yield Change 2 YR 2.5135% +0.0124 5 YR 2.8109% +0.0221 10 YR 2.9722% +0.0206 30 YR 3.1279% +0.0050 Prices as of: 5/8/2018 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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