Daily Newsletter: Flood Coverage Needs Flood of New Policies; Best Day of a Rotten Week

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30 Year Fixed 4.85%   -0.02 15 Year Fixed 4.30%   -0.02 10YR Treasury 3.07%   +0.0020 FNMA 30YR 3.5 98.27   +0.02 FNMA 15YR 2.5 98.66   +0.03 View Today's Rates

Friday September 21, 2018 MND NewsWire - 4:44PM Many Enlist, but Flood Coverage Still Falls Short Even as flood water continue to sit in living rooms and kitchens across a large swath of North Carolina it is clear that most of those homes are not insured against the damage. Mary ... Mortgage Rate Watch - 4:46PM Best Day of a Rotten Week For Mortgage Rates Mortgage rates actually fell today, on average--something they haven't been able to say all week, or indeed at nearly any time during the past 4 weeks. Yesterday, in particular, was ... MBS Commentary - 10:15AM MBS Day Ahead: Pain and Belief Radiating Across The Rate Spectrum More often than not, when I use the word "believe" (or belief), it's in some vague and positive context. For instance, something like "bond buyers are starting to believe again." That ... Pipeline Press - 8:40AM Investor Products; Mortgage Fraud Paper; Wells, PUF, BMO Harris Personnel Changes When I spent an hour interviewing Angelo Mozilo on stage last week for the American Pacific Mortgage Summit, one of the issues we discussed was the competitive environment for lenders ... Existing Home Sales Level Out After Long Decline Vendor Mgt. and POS Products; Upcoming Events; Ask a Lender's Sunset? Latest Video Higher wages could draw workers back to labor force, Manulife economist says Mario Gabelli's four T's: Tariffs, taxes, ten-year treasuries and technology Consumer and industrial goods hit by new tariffs More News from 'Around the Web' webfeeds.brookings.edu - 3:50PM The housing bubble, the credit crunch, and the Great Recession: A reply to Paul Krugman CNBC - 3:50PM Here's how much time homeowners spend on housework compared to renters www.consumerfinancemonitor.com - 3:29PM California Amends Student Loan Servicing Act Calculated Risk Blog - 3:13PM Merrill: "Existing Home Sales have Peaked" www.builderonline.com - 2:22PM The Decade-Long Growth in Rentership is Slowly Reversing CNBC - 1:58PM Investors keep pouring money into bonds, and are paying a big price for it CNBC - 11:51AM Homebuilder shares plunge after JP Morgan says housing recovery will be 'tepid,' downgrading 5 stocks Calculated Risk Blog - 10:56AM BLS: Unemployment Rates in Idaho, Oregon, South Carolina and Washington at New Lows blog.stewart.com - 10:36AM Commercial Real Estate Cycles — Q2 2018 Reuters - 10:09AM U.S. 'very close' to proceeding with Mexico-only trade deal: Trump adviser eyeonhousing.org - 9:45AM Vinyl and Stucco are the Most Common Siding On New Homes Reuters - 9:02AM Over 62,000 still without power in the Carolinas after Florence Reuters - 8:08AM U.S. bond market recession signal not far away, strategists say: Reuters poll Reuters - 8:01AM Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market? Today's Rates Best Execution Rate Change 30 Yr FRM 4.85% -0.02 15 Yr FRM 4.30% -0.02 FHA 30 Year Fixed 4.48% -0.02 Jumbo 30 Year Fixed 4.40% -0.01 5/1 Yr ARM 4.05% -0.05 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 95.50 +0.05 30YR FNMA 3.5 98.27 +0.02 30YR GNMA 3.0 96.69 +0.14 30YR GNMA 3.5 99.13 +0.02 15YR FNMA 3.0 98.66 +0.03 15YR FNMA 2.5 96.36 0.00 Treasuries Yield Change 2 YR 2.8041% -0.0035 5 YR 2.9519% -0.0032 10 YR 3.0665% +0.0020 30 YR 3.2031% +0.0042 Prices as of: 9/21/2018 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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