Daily Newsletter: Best Month of 2018 For Rates; Origination Slump Hits Lender Profits; Freddie Portfolio Up 3.5%

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30 Year Fixed 4.86%   +0.02 15 Year Fixed 4.37%   +0.02 10YR Treasury 3.01%   -0.0256 FNMA 30YR 3.5 98.05   +0.09 FNMA 15YR 2.5 98.66   +0.05 View Today's Rates

Friday November 30, 2018 Mortgage Rate Watch - 3:02PM November Was a Great Month For Mortgage Rates Mortgage rates may have ebbed slightly higher today, but that only erased a fraction of the improvement seen over the past 2 days. Combined with the even stronger showing 2 weeks ago ... MND NewsWire - 9:40AM Decline in Originations Hurting Lender Profit Financial concerns continued for independent mortgage banks and mortgage subsidiaries of chartered banks as they reported, on average, declining profit margins in the third quarter ... MND NewsWire - 11:17AM Freddie Mac Portfolio Grows 3.5 Percent, Delinquencies Decrease Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 4.7 percent in October, up from 2.3 percent the previous month. The portfolio balance ... Pipeline Press - 8:58AM Paper on Fraud; FDIC and Non-Bank Lending; The Fed to Start Watching OBFR Instead of Fed Funds? As one Native American said, “Only a white man would cut two inches from the top of a blanket, sew it to the bottom, and think he has now has a longer blanket.” (Feel free ... MBS Day Ahead: Last Day of Bonds' Best Month in 2018 Mortgage Rates Surge Lower Latest Video NY Fed President: Neutral rate low for foreseeable future We'll get a hike in December, but also a dovish outlook, says Raymond James's Kevin Giddis Minneapolis Fed president says he's worried to raise rates prematurely More News from 'Around the Web' Calculated Risk Blog - 1:56PM Zillow Case-Shiller Forecast: Slower House Price Gains in October Bloomberg - 1:31PM One Section of the US Yield Curve May Invert as Soon as Today www.consumerfinancemonitor.com - 12:57PM One Week Extension of Flood Insurance Program CNBC - 12:44PM Fed adds its voice to rising fears about retirement investor core bond holdings eyeonhousing.org - 12:16PM Multifamily Construction Remains a Built-for-Rent Market Calculated Risk Blog - 11:09AM Chicago PMI Increased in November CNBC - 10:26AM Powell shouldn't follow Greenspan's example at Fed, veteran economist says Reuters - 8:26AM Canada, Mexico, U.S. sign new trade deal CNBC - 8:06AM US Treasury yields lower amid dovish Fed comments; G-20 summit in focus Bloomberg - 8:05AM How Far to Fed Neutral? Today's Rates Best Execution Rate Change 30 Yr FRM 4.86% +0.02 15 Yr FRM 4.37% +0.02 FHA 30 Year Fixed 4.37% +0.00 Jumbo 30 Year Fixed 4.54% +0.02 5/1 Yr ARM 4.75% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.15% 1.16 -0.02 30 Yr. Fixed 4.78% 1.15 +0.01 MBA ** 30 Yr. Fixed 4.96% 0.49 -0.01 15 Yr. Fixed 4.39% 0.50 +0.01 30 Yr. Jumbo 4.93% 0.31 +0.01 30 Yr. FHA 4.95% 0.80 +0.01 5/1 ARM 4.24% 0.48 +0.02 Freddie Mac ** 30 Yr. Fixed 4.81% 0.50 -0.13 15 Yr. Fixed 4.25% 0.40 -0.11 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.12% 0.30 -0.02 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 95.33 +0.14 30YR FNMA 3.5 98.05 +0.09 30YR GNMA 3.0 96.27 +0.02 30YR GNMA 3.5 98.80 +0.09 15YR FNMA 3.0 98.66 +0.05 15YR FNMA 2.5 96.41 +0.03 Treasuries Yield Change 2 YR 2.8048% -0.0039 5 YR 2.8378% -0.0102 10 YR 3.0060% -0.0256 30 YR 3.3031% -0.0238 Prices as of: 11/30/2018 3:35PM 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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Daily Newsletter: Mortgage Rates Surge Lower; Inventories Recovering as Pending Sales Decline

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30 Year Fixed 4.84%   -0.09 15 Year Fixed 4.35%   -0.08 10YR Treasury 3.03%   -0.0274 FNMA 30YR 3.5 97.95   +0.03 FNMA 15YR 2.5 98.61   +0.02 View Today's Rates

Thursday November 29, 2018 Mortgage Rate Watch - 4:28PM Mortgage Rates Surge Lower Mortgage rates surged lower today, falling at the fastest single-day pace in more than a year. In order to see the average lender offer lower rates, you'd need to go back to October ... Pipeline Press - 10:45AM Fraud and Subservicing Products; Training and Events; Fed Speech Moves Rates Yes, MLO commissions are dropping. But the traditional 6% real estate agent commission continues to be under attack as well, the latest salvo fired from Clever , a real estate startup ... MND NewsWire - 10:24AM Inventories Recover as Pending Home Sales Cool Pending home sales in October failed to build on their small September gains - only the second uptick in six months. The Pending Home Sales Index (PHSI) from the National Association ... MBS Commentary - 9:42AM MBS Day Ahead: Bonds Thinking About Taking a Lead-Off? I use the baseball/lead-off analogy quite a bit to refer to a range breakout that occurs before the important event that is most likely to cause a breakout. In the current case, that ... Cash-Out Refi's surge, Can't Compare to Pre-Crash Activity Housing Forecasts: When Cooling Isn't so Cool. Latest Video The Fed needs to recalibrate its thought process, says Natixis economist Housing will stop contributing to growth due to softness, says chief economist Mortgage Bankers Association expects more millennials to buy houses More News from 'Around the Web' Bloomberg - 4:47PM Homebuilders ETF Sees Massive Volume on Powell's Dovish Comments CNBC - 3:56PM The Fed is still tweaking its balance sheet unwind CNBC - 2:08PM Mortgage rates could head lower after Powell comment drives bond yield to important level CNBC - 2:07PM Fed points to December rate hike but is worried about tariffs and debt Reuters - 1:17PM Trump says 'long way to go' on tariffs and China Bloomberg - 1:17PM Rising US Jobless Claims Are Starting to Worry Some Economists Bloomberg - 1:17PM Deutsche Bank Warns Powell's Remarks Were 'Misunderstood' by Markets CNBC - 10:02AM Pending home sales drop 2.6% in October for 10th straight month of annual declines www.redfin.com - 9:34AM Luxury Home Prices Up 3.2 Percent Annually in the Third Quarter, the Lowest Growth Rate in Nearly Two Years Calculated Risk Blog - 9:09AM Personal Income increased 0.5% in October, Spending increased 0.6% Calculated Risk Blog - 8:54AM Weekly Initial Unemployment Claims increased to 234,000 Bloomberg - 8:04AM US 10-Year Yield Approaches 3% as Rate Bets Return to Earth Bloomberg - 8:04AM How a Dovish Tone at the Fed Sounded Across Markets Today's Rates Best Execution Rate Change 30 Yr FRM 4.84% -0.09 15 Yr FRM 4.35% -0.08 FHA 30 Year Fixed 4.37% -0.07 Jumbo 30 Year Fixed 4.52% -0.06 5/1 Yr ARM 4.75% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.15% 1.16 -0.02 30 Yr. Fixed 4.78% 1.15 +0.01 MBA ** 30 Yr. Fixed 4.96% 0.49 -0.01 15 Yr. Fixed 4.39% 0.50 +0.01 30 Yr. Jumbo 4.93% 0.31 +0.01 30 Yr. FHA 4.95% 0.80 +0.01 5/1 ARM 4.24% 0.48 +0.02 Freddie Mac ** 30 Yr. Fixed 4.81% 0.50 -0.13 15 Yr. Fixed 4.25% 0.40 -0.11 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.12% 0.30 -0.02 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 95.19 +0.03 30YR FNMA 3.5 97.95 +0.03 30YR GNMA 3.0 96.25 +0.08 30YR GNMA 3.5 98.70 +0.06 15YR FNMA 3.0 98.61 +0.02 15YR FNMA 2.5 96.38 +0.08 Treasuries Yield Change 2 YR 2.8107% -0.0020 5 YR 2.8480% -0.0202 10 YR 3.0334% -0.0274 30 YR 3.3253% -0.0223 Prices as of: 11/29/2018 5:00PM 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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