Daily Newsletter: Dire Construction Labor Shortages; Rates Rise After Wage Growth Data

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30 Year Fixed 4.71%   +0.01 15 Year Fixed 4.19%   +0.01 10YR Treasury 2.94%   +0.0603 FNMA 30YR 3.5 98.97   -0.36 FNMA 15YR 2.5 99.08   -0.28 View Today's Rates

Friday September 7, 2018 MND NewsWire - 11:40AM Increasingly Dire Labor Shortages in Builder Trades Nearly all of America's home builders say they are facing significant shortages of skilled labor , both in the form of direct labor and as subcontractors. The lack of all types of carpenters ... Mortgage Rate Watch - 2:53PM Mortgage Rates Back at Recent Highs After Jobs Report Mortgage rates rose moderately today (depending on the lender). It was enough to bring them back to the highest levels since early August. Additionally, we can expect them to be slightly ... MND NewsWire - 10:43AM Employment Sentiment Buoys Consumer Sentiment Results Consumers appear to be increasingly upbeat about their jobs and their income, but dramatically less so about getting involved in the real estate market. After two months of depressed ... Pipeline Press - 8:54AM Non-QM, Investment Property Products; ARM News; Tax and Fee Trends Some are fond of saying, “Zillow’s never set foot in a house.” But the company is a force to be reckoned with, especially now that it is in the process of buying a ... MBS RECAP: Wage Growth Breakout Prompts Bond Yield Breakout MBS Day Ahead: NFP Could Probably Be Forgiven For a Miss Latest Video The end of Lehman Brothers We've got no real gain in wages despite tightest labor market in 50 years, says strategist Nonfarm payrolls up 201,000 in August More News from 'Around the Web' webfeeds.brookings.edu - 4:09PM People in the middle of the middle are richer than those in the middle, says Pew. Mmm. Bloomberg - 2:09PM Kudlow Says US Willing to Talk With China as Tariffs Loom Reuters - 1:16PM Canada sees increasing chance NAFTA deal can be struck this month: source www.realtor.com - 12:46PM The New Mortgage Kings: They're Not Banks webfeeds.brookings.edu - 12:14PM Wessel's Economic Update: 5 points on the 10th anniversary of the financial crisis CNBC - 11:02AM Strong jobs report gives Fed the green light for more rate increases Reuters - 10:32AM Canada optimistic NAFTA deal can be struck this month: source Reuters - 9:55AM Interest rate futures traders see more Fed hikes next year eyeonhousing.org - 9:39AM Where are the Nation's Older Homes? Bloomberg - 9:16AM Rental Glut Sends Chill Through the Hottest US Housing Markets CNBC - 8:38AM Wage growth posts recovery high in August; payroll growth also beats expectations Reuters - 8:13AM U.S. job growth seen picking up, unemployment rate falling CNBC - 8:02AM Rosengren says Fed should continue gradually raising rates Bloomberg - 8:02AM New York Fed's Williams on Yield Curve, Neutral Rate www.consumerfinancemonitor.com - 8:00AM Petitions for rehearing en banc filed in Fifth Circuit case finding FHFA is unconstitutionally structured Today's Rates Best Execution Rate Change 30 Yr FRM 4.71% +0.01 15 Yr FRM 4.19% +0.01 FHA 30 Year Fixed 4.39% +0.01 Jumbo 30 Year Fixed 4.36% +0.01 5/1 Yr ARM 4.02% +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 4.54% 0.50 +0.02 15 Yr. Fixed 3.99% 0.40 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.93% 0.30 +0.08 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 96.19 -0.41 30YR FNMA 3.5 98.97 -0.36 30YR GNMA 3.0 97.38 -0.30 30YR GNMA 3.5 99.84 -0.19 15YR FNMA 3.0 99.08 -0.28 15YR FNMA 2.5 96.91 -0.27 Treasuries Yield Change 2 YR 2.7066% +0.0655 5 YR 2.8194% +0.0728 10 YR 2.9388% +0.0603 30 YR 3.1006% +0.0463 Prices as of: 9/7/2018 5:05PM 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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