Daily Newsletter: Modestly Higher Rates Despite Stronger Bond Market; QM Rule Could Hurt Self-Employed; Shutdown Impact on Lenders

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30 Year Fixed 4.65%   +0.01 15 Year Fixed 4.21%   +0.01 10YR Treasury 2.79%   -0.0217 FNMA 30YR 3.5 99.38   +0.11 FNMA 15YR 2.5 99.30   +0.08 View Today's Rates

Friday December 21, 2018 Mortgage Rate Watch - 3:59PM Mortgage Rates Modestly Higher Despite Stronger Bond Market Mortgage rates were steady to slightly higher yet again today. This reinforces our sense from yesterday that rates may have already found their post-Fed floor. The thing that makes ... MND NewsWire - 12:50PM Urban Institute: QM Rule May Penalize Self-Employed Households headed by self-employed persons make up about one-tenth of all households and have a median income higher than those headed by salaried persons. But, while both self-employed ... Pipeline Press - 9:06AM Loan Defect Report; Shutdown and Possible Impact on Lenders; Verus Non-QM Deal Welcome to the Winter Solstice with more daylight in the Northern Hemisphere every day for the next six months. Today is definitely greeted by residents of Fairbanks, Alaska where the ... MBS Commentary - 8:35AM MBS Day Ahead: Glut of Data and a Dash For The Door One of the biggest surprises I encountered as I've learned about bond markets (and financial markets in general) over the years is just how big a role is played by human people. There ... Improved Household Debt Levels Could Insulate Against a Downturn Higher Rates Reinvigorate the ARM Loan Share Latest Video Unexpected strength in apartment rentals Mohamed El-Erian says the Fed failed to communicate to the markets properly The Fed just showed it's listening to the markets, says JP Morgan's Anthony Chan More News from 'Around the Web' Calculated Risk Blog - 3:34PM Q4 GDP Forecasts: Mid-to-High 2s Reuters - 3:33PM Williams soothes markets, says Fed listening and could change policy Reuters - 2:54PM Special Report: U.S. military's new housing plagued by construction flaws Reuters - 2:53PM Republican U.S. senators: Talks under way on government funding compromise CNBC - 1:22PM Fed's Williams helps recast some views of Fed when he says it has 'eyes wide open,' is flexible Calculated Risk Blog - 12:25PM Reis: Apartment Vacancy Rate unchanged in Q4 at 4.8% Calculated Risk Blog - 11:12AM Kansas City Fed: Regional Manufacturing Activity "Growth Slowed" in December Calculated Risk Blog - 10:44AM Personal Income increased 0.2% in November, Spending increased 0.4% CNBC - 10:32AM NY Fed President John Williams says the Fed could reevaluate view in 2019 CNBC - 9:49AM TREASURIES-Bonds steady as threat of govt shutdown hurts risk appetite CNBC - 9:25AM El-Erian: Fed chief Jerome Powell is trying to break the market's central bank 'co-dependence' CNBC - 8:36AM US economy grew at 3.4% rate in the third quarter CNBC - 8:06AM US Treasury yields continue climb ahead of auctions Bloomberg - 8:06AM The Fed's Dovish Signal Rips Through Currency Markets Today's Rates Best Execution Rate Change 30 Yr FRM 4.65% +0.01 15 Yr FRM 4.21% +0.01 FHA 30 Year Fixed 4.24% +0.01 Jumbo 30 Year Fixed 4.41% +0.01 5/1 Yr ARM 4.61% +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 4.62% 0.40 -0.01 15 Yr. Fixed 4.07% 0.40 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.98% 0.30 -0.06 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 96.88 +0.06 30YR FNMA 3.5 99.38 +0.11 30YR GNMA 3.0 97.92 +0.13 30YR GNMA 3.5 100.08 -0.03 15YR FNMA 3.0 99.30 +0.08 15YR FNMA 2.5 97.17 +0.17 Treasuries Yield Change 2 YR 2.6390% -0.0316 5 YR 2.6352% -0.0358 10 YR 2.7866% -0.0217 30 YR 3.0285% -0.0153 Prices as of: 12/21/2018 4:35PM 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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