Daily Newsletter: Low Rates, But There's a Catch; Get Used to Coconuts

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 4.63%   -0.02 15 Year Fixed 4.12%   -0.03 10YR Treasury 2.83%   -0.0220 FNMA 30YR 3.5 99.59   +0.09 FNMA 15YR 2.5 99.48   +0.09 View Today's Rates

Friday July 13, 2018 Mortgage Rate Watch - 2:55PM Lowest Rates Since May, But There's a Catch Mortgage rates fell by an observable amount today-- one of the few times they've done so in recent weeks. Technically, today's average lender is offering the best we've seen since May ... MBS Commentary - 4:23PM MBS RECAP: Bonds Gain Despite Data Surprise and Stock Rally Before any discussion about market movement in July, we have to set the stage with some disclaimer about "slow summertime trading." That was the subject of this morning's commentary ... MBS Commentary - 10:20AM MBS Day Ahead: Get Used to Coconuts, Probably I know I made a Looney Tunes reference last week, but another one is in order. For those that aren't familiar, Yosemite Sam is stranded on a desert island and sits down to a smorgasbord ... Pipeline Press - 8:58AM Construction, Warehouse Products; Free LO Comp Webinar; Shifting UW Criteria Events and Training Don't miss out on the Lenders One 2018 Summer Conference in Salt Lake City, Utah, August 5-8, at The Grand America. In an age of disruption, it's never been more ... Inflation Data Shows Deceleration in Housing Costs New Home Sales Need More Trees and Contractors Latest Video Fed: Wage growth remains moderate Consumer sentiment misses 98 estimate result of tariff talk Does the flattening and potential inversion of the yield curve portend a US recession? More News from 'Around the Web' Reuters - 2:32PM Wells Fargo's loan book shrinks, profit misses estimates Calculated Risk Blog - 1:24PM Looking back 9 Years Ago: The Sluggish Recovery Began CNBC - 12:00PM Want to buy a house? How long you'll have to save depends on where you live CNBC - 11:39AM The bond market is sounding an alarm on the economy as 'yield curve' spread hits narrowest in 11 years on Friday Reuters - 11:38AM Fed emphasizes 'solid' U.S economic growth, repeats gradual approach eyeonhousing.org - 10:51AM Apartment Construction Times Lengthened in 2017 CNBC - 10:15AM Consumer sentiment hits 97.1 in July vs. 98.2 estimate Reuters - 9:54AM U.S. import prices post biggest drop in two years Bloomberg - 9:34AM Wells Fargo Mortgage Fees Drop by a Third as Interest Rates Rise CNBC - 9:08AM The US and UK have agreed to pursue an 'ambitious' trade deal, says UK leader Theresa May Reuters - 8:09AM COLUMN-In defence of the yield curve: McGeever Reuters - 8:06AM China's trade surplus with U.S. hits record as exporters rush to beat tariffs Today's Rates Best Execution Rate Change 30 Yr FRM 4.63% -0.02 15 Yr FRM 4.12% -0.03 FHA 30 Year Fixed 4.35% -0.03 Jumbo 30 Year Fixed 4.54% -0.04 5/1 Yr ARM 3.95% -0.04 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 4.53% 0.40 +0.01 15 Yr. Fixed 4.02% 0.40 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.86% 0.30 +0.12 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 97.00 +0.13 30YR FNMA 3.5 99.59 +0.09 30YR GNMA 3.0 98.14 +0.02 30YR GNMA 3.5 100.47 +0.02 15YR FNMA 3.0 99.48 +0.09 15YR FNMA 2.5 97.27 +0.09 Treasuries Yield Change 2 YR 2.5820% -0.0080 5 YR 2.7266% -0.0219 10 YR 2.8271% -0.0220 30 YR 2.9323% -0.0146 Prices as of: 7/13/2018 4:56PM 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

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.