Daily Newsletter: Sales Slump as Costs Create Builder Bottleneck; Mortgage Rates Are Actually Unchanged This Week!

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30 Year Fixed 4.68%   -0.05 15 Year Fixed 4.13%   -0.05 10YR Treasury 2.94%   -0.0367 FNMA 30YR 3.5 99.08   +0.25 FNMA 15YR 2.5 99.05   +0.16 View Today's Rates

Thursday June 14, 2018 Mortgage Rate Watch - 3:22PM Mortgage Rates Are Actually Unchanged This Week! Mortgage rates moved LOWER today, following a policy announcement from the European Central Bank (ECB). That claim runs counter to almost any other mortgage rate headline in the mainstream ... MND NewsWire - 2:24PM Sales to Slump as Costs Drive Builder Bottleneck The Mortgage Bankers Association (MBA) is projecting a decline in new home sales in May. Its computation is based on information from its Builder Application Survey (BAS) which collects ... MBS Commentary - 9:00AM MBS Day Ahead: Bonds Cheer ECB's Mic Drop Today's domestic session begins with a positive reaction to the European Central Bank (ECB) announcement. The ECB broke from tradition by dropping their bigger bombs at the 7:45am announcement ... Pipeline Press - 8:53AM Digital Marketing Products; Freddie and Fannie Secondary Activity Picks Up The U.S. Bureau of Labor Statistics projects increasing customer usage of technology will reduce the number of bank tellers by 42,000 through 2026. Given their average pay is a little ... Differences Between Previous and Current FOMC Statements Lenders Remain Pessimistic about Demand, Profits Latest Video Trump tax cuts to surge debt past 90% of GDP by 2024, says IMF report Fed tilts hawkish, hikes rate in move to normalize policy Second-quarter GDP forecast at 3.9% More News from 'Around the Web' eyeonhousing.org - 3:19PM Regulation: Over 30 Percent of the Cost of a Multifamily Development www.realtor.com - 3:18PM Sorry, Sellers: Your 'For Sale' Sign May Be 'Ugly and Desperate'—Here's Why Reuters - 3:18PM Trump's tariffs pose risk to global trade, U.S. economy: IMF CNBC - 1:31PM The Fed has taken the first step toward an early exit from its balance sheet reduction Bloomberg - 12:35PM Jolted Awake by the Fed, And Now Back to Sleep CNBC - 12:35PM Ex-Trump advisor Gary Cohn says trade deficits don't matter, contradicting the president freddiemac.mwnewsroom.com - 12:34PM Freddie Mac Announces New Employment Initiative for Homeowners in High-Needs Areas Reuters - 11:54AM EU nations back retaliating against U.S. steel tariffs webfeeds.brookings.edu - 11:26AM Hutchins Roundup: Multinational profit shifting, competitive EU markets, and more Calculated Risk Blog - 11:26AM Duy: FOMC Recap CNBC - 10:41AM In this red-hot housing market, if a 'for sale' sign goes up, don't blink—you might miss it freddiemac.mwnewsroom.com - 10:05AM Mortgage Rates Back on the Rise CNBC - 9:46AM A fourth Fed hike this year could trigger economic slowdown, strategist warns www.realtor.com - 9:24AM Homeowners Are Rushing to Get HELOCs—Should You Do It, Too? Calculated Risk Blog - 9:12AM Retail Sales increased 0.8% in May CNBC - 8:38AM US weekly jobless claims total 218,000, vs 224,000 expected PR Newswire - 8:14AM Redfin Report: May Real Estate Market the Fastest on Record; Prices Up 6.3% CNBC - 8:01AM ECB says it will reduce its massive bond-buying program from September, dependent on data CNBC - 8:00AM ECB says its massive bond-buying program will likely end in December Today's Rates Best Execution Rate Change 30 Yr FRM 4.68% -0.05 15 Yr FRM 4.13% -0.05 FHA 30 Year Fixed 4.42% -0.05 Jumbo 30 Year Fixed 4.71% -0.04 5/1 Yr ARM 3.95% -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 4.62% 0.40 +0.08 15 Yr. Fixed 4.07% 0.40 +0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.83% 0.30 +0.09 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 96.31 +0.28 30YR FNMA 3.5 99.08 +0.25 30YR GNMA 3.0 97.50 +0.28 30YR GNMA 3.5 100.13 +0.23 15YR FNMA 3.0 99.05 +0.16 15YR FNMA 2.5 96.91 +0.16 Treasuries Yield Change 2 YR 2.5696% -0.0041 5 YR 2.8110% -0.0255 10 YR 2.9370% -0.0367 30 YR 3.0553% -0.0366 Prices as of: 6/14/2018 3:45PM 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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