Daily Newsletter: 10 Years After Crisis, Mortgage Market Needs New Fixes; Rates Improve; New MBA Pres

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30 Year Fixed 4.68%   -0.01 15 Year Fixed 4.11%   -0.01 10YR Treasury 2.92%   -0.0532 FNMA 30YR 3.5 99.19   +0.23 FNMA 15YR 2.5 99.08   +0.13 View Today's Rates

Thursday June 7, 2018 MND NewsWire - 4:47PM 10 Years After Crisis, Mortgage Market Needs New Fixes Happy Anniversary - or something... It is a decade since the financial crisis and ultimately the Great Recession began. Bear Stearns collapsed in March of 2008, the government sponsored ... Mortgage Rate Watch - 4:24PM Mortgage Rates Improve Slightly Mortgage rates were steady to slightly lower today, depending on the lender and the time of day. Rates were higher earlier this morning as bond markets began the day in weaker territory ... MND NewsWire - 11:22AM After Long Search, MBA Finds New Leadership A nine-month search for a replacement for David H. Stevens as president and CEO of the Mortgage Bankers Association (MBA) ended today with the selection of Robert D. Broeksmit. Broeksmit ... MBS Commentary - 9:34AM MBS Day Ahead: How High Are Those Eyebrows? Stop me if you've heard this one before. Here's a formula for one of the ways bond markets move: Rates fall based on a particular risky eventuality. While that the likelihood and the ... Fraud Products; Upcoming Events, Training, and Webinars Mortgage Banks in The Red For Q1 Latest Video Santelli Exchange: Markets vs. policy vs. economic data I think economy will near 3% in the second quarter, says former Honeywell CEO We want wages to go up, says Jamie Dimon More News from 'Around the Web' Washington Post - 3:09PM Teaching new mortgage lender a lesson backfires on homeowner www.consumerfinancemonitor.com - 2:36PM CFPB expected to dismiss PHH case webfeeds.brookings.edu - 12:00PM Hutchins Roundup: Benefits from productivity growth, information in patent disclosures, and more CNBC - 11:20AM In 4 cities, renting long-term can cost you over $2 million Calculated Risk Blog - 10:55AM Las Vegas Real Estate in May: Sales Down 10% YoY, Inventory down 12% freddiemac.mwnewsroom.com - 10:12AM Mortgage Rates Inch Backward CNBC - 9:36AM Both the dollar and yields will keep climbing — at least for the short term, strategist says CNBC - 9:17AM America's biggest RV manufacturer warns tariffs are already raising costs, shares plunge Reuters - 8:17AM Euro and bond yields extend rally on ECB while risk appetite grows Bloomberg - 8:04AM Fed on Track to Raise Rates Regardless of Emerging-Market Woes PR Newswire - 8:02AM U.S. Home Flipping Rate Matches Six-Year High In Q1 2018 Despite 3 Percent Year-Over-Year Decrease In Number Of Homes Flipped www.realtor.com - 8:01AM A-Plus Idea: More Schools Providing Teachers With Subsidized Housing Today's Rates Best Execution Rate Change 30 Yr FRM 4.68% -0.01 15 Yr FRM 4.11% -0.01 FHA 30 Year Fixed 4.43% -0.02 Jumbo 30 Year Fixed 4.71% -0.01 5/1 Yr ARM 3.95% +0.00 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 4.54% 0.50 -0.02 15 Yr. Fixed 4.01% 0.40 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.74% 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 96.39 +0.28 30YR FNMA 3.5 99.19 +0.23 30YR GNMA 3.0 97.48 +0.09 30YR GNMA 3.5 100.08 -0.06 15YR FNMA 3.0 99.08 +0.13 15YR FNMA 2.5 96.89 +0.14 Treasuries Yield Change 2 YR 2.4876% -0.0326 5 YR 2.7651% -0.0457 10 YR 2.9204% -0.0532 30 YR 3.0688% -0.0545 Prices as of: 6/7/2018 5:02PM 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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