Daily Newsletter: Rates Actually Higher This Week; Affordability is Biggest Concern; Multifam Building Buoys Construction Spending

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

30 Year Fixed 4.97%   +0.00 15 Year Fixed 4.46%   +0.00 10YR Treasury 3.13%   -0.0151 FNMA 30YR 3.5 97.45   +0.11 FNMA 15YR 2.5 98.20   +0.06 View Today's Rates

Thursday November 1, 2018 Mortgage Rate Watch - 4:12PM Mortgage Rates Are Actually a Bit Higher This Week It's Thursday! That means it's time, once again, to set the record straight on today's actual mortgage rates as opposed to those suggested by almost any other news article on the topic ... MND NewsWire - 11:23AM Affordability Now Biggest Concern as Metro Home Prices Rise Single family home prices increased during the third quarter of 2018 in 93 percent or 166 of the 178 metropolitan areas tracked by the National Association of Realtors ® (NAR). ... MND NewsWire - 1:24PM Multifamily Construction Boosts Residential Spending Numbers Construction spending in September was largely unchanged from where it was in August. The U.S. Census Bureau said that private and public sector spending during the month was at a seasonally ... MBS Commentary - 8:37AM MBS Day Ahead: 2 Ways Bonds Are Preparing For The Next Big Move Bonds have either trying to position themselves in a relatively defensive, pessimistic stance heading into upcoming key events, or their staging on the edge of some important technical ... Jobs; Branding Study; Disaster Advice and Research; Servicing Package For Sale Coincidence? A Zombie Foreclosure Report in Late October Latest Video 1 million additional workers every year needed to add 0.5% to GDP Home flippers flee market Santelli Exchange: Slow productivity growth and higher wages More News from 'Around the Web' Reuters - 4:39PM Apple gives cautious sales forecast amid weakness in emerging markets ir.pennymacfinancial.com - 4:39PM PennyMac Financial Services, Inc. Reports Third Quarter 2018 Results and Completes Corporate Reorganization CNBC - 4:11PM A rocky October for stocks meant a record month for bond ETF trading Bloomberg - 4:11PM CEO in Real Estate Ponzi Scheme Fined $120 Million by SEC CNBC - 3:20PM The big number from the October jobs report could be bad news for the market CNBC - 3:20PM Home flippers are fleeing the market as their profits shrink Calculated Risk Blog - 11:49AM Construction Spending increased slightly in September eyeonhousing.org - 10:44AM Builder Confidence in the 55+ Housing Market Drops in the Third Quarter Calculated Risk Blog - 10:15AM ISM Manufacturing index decreased to 57.7 in October CNBC - 8:28AM Bank of England holds rates steady amid Brexit uncertainty CNBC - 8:05AM BTIG strategist sees 2 dangers for market: Fed hikes, worsening US-China relations Reuters - 8:01AM Signs of relief emerge for battered U.S. homebuilding stocks Today's Rates Best Execution Rate Change 30 Yr FRM 4.97% +0.00 15 Yr FRM 4.46% +0.00 FHA 30 Year Fixed 4.46% +0.01 Jumbo 30 Year Fixed 4.46% +0.02 5/1 Yr ARM 4.50% +0.02 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 4.83% 0.50 -0.03 15 Yr. Fixed 4.23% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.04% 0.30 -0.10 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 94.70 +0.13 30YR FNMA 3.5 97.45 +0.11 30YR GNMA 3.0 95.73 +0.09 30YR GNMA 3.5 98.27 +0.09 15YR FNMA 3.0 98.20 +0.06 15YR FNMA 2.5 95.80 +0.05 Treasuries Yield Change 2 YR 2.8465% -0.0244 5 YR 2.9597% -0.0186 10 YR 3.1341% -0.0151 30 YR 3.3795% -0.0167 Prices as of: 11/1/2018 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.