Daily Newsletter: Existing Home Sales Level Off; Rates Try to Stop Bleeding; Long-Term Trend a Cheap Trick

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30 Year Fixed 4.87%   +0.01 15 Year Fixed 4.32%   +0.01 10YR Treasury 3.06%   -0.0018 FNMA 30YR 3.5 98.25   +0.03 FNMA 15YR 2.5 98.63   +0.05 View Today's Rates

Thursday September 20, 2018 MND NewsWire - 11:25AM Existing Home Sales Level Out After Long Decline It was a disappointment, but at least it wasn't a loss. Existing home sales, which were expected to increase in August after four straight months of declines instead remained unchanged ... Mortgage Rate Watch - 4:40PM Mortgage Rates Trying to Stop The Bleeding Mortgage rates were mostly able to hold steady today, although they technically moved just a bit higher and that technically leaves them at the highest levels in 7 years. But hey! Let ... MND NewsWire - 8:08AM August Loan Closing Rate Highest of Year The share of loans originated for refinancing rose in August for the first time this year. Ellie Mae's Origination Insight Report shows that closed transactions for refinancing represented ... MBS Commentary - 8:18AM MBS Day Ahead: Long-Term Trend is a Cheap Trick. Here's The Reality For Rates One of the themes we often revisit in times of trouble is the long-term bull market in bonds. This traces back to the 80's and provides a shockingly linear set of lower highs and lower ... Vendor Mgt. and POS Products; Upcoming Events; Ask a Lender's Sunset? Home Starts Improve, but There's a Catch Latest Video Existing home sales unchanged in August Jobless claims fall to lowest since 1969 Could be the end of the cycle if Fed moves without the rest of the world, says Neuberger Berman CIO More News from 'Around the Web' Reuters - 4:28PM Wells Fargo to cut headcount by 5-10 percent in next 3 years Calculated Risk Blog - 2:31PM CoreLogic: 2.2 million Homes still in negative equity at end of Q2 2018 www.redfin.com - 1:10PM More than One in Four Home-Sellers Dropped their Price Last Month www.consumerfinancemonitor.com - 12:07PM The CFPB's Latest Credit Invisibility Report: What Should We Make of It? Bloomberg - 11:41AM US Consumer Comfort Rises to New 17-Year High www.consumerfinancemonitor.com - 11:06AM Federal Reserve Board approves final amendments to the liability provisions of Regulation CC CNBC - 10:20AM Existing home sales unchanged in August www.builderonline.com - 9:57AM Borrowers Lie to Get Approved CNBC - 9:44AM Jay Powell reportedly ramps up meetings with lawmakers as he seeks to protect Fed's independence Calculated Risk Blog - 8:52AM Weekly Initial Unemployment Claims decreased to 201,000, Lowest Since 1969 Bloomberg - 8:05AM Dollar Traders See the Fed's Next Rate Hike as a Big Sell Signal CNBC - 8:03AM DoubleLine's Gundlach warns US Treasury yields are headed higher Today's Rates Best Execution Rate Change 30 Yr FRM 4.87% +0.01 15 Yr FRM 4.32% +0.01 FHA 30 Year Fixed 4.50% +0.00 Jumbo 30 Year Fixed 4.41% -0.01 5/1 Yr ARM 4.10% -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 4.65% 0.50 +0.05 15 Yr. Fixed 4.11% 0.50 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.92% 0.40 -0.01 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 95.45 +0.05 30YR FNMA 3.5 98.25 +0.03 30YR GNMA 3.0 96.55 -0.08 30YR GNMA 3.5 99.11 -0.06 15YR FNMA 3.0 98.63 +0.05 15YR FNMA 2.5 96.36 +0.09 Treasuries Yield Change 2 YR 2.8076% +0.0127 5 YR 2.9551% +0.0053 10 YR 3.0645% -0.0018 30 YR 3.1989% -0.0134 Prices as of: 9/20/2018 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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