Daily Newsletter: Markets Asking Big Questions as Rates Close in on Multi-Year Lows

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30 Year Fixed 3.62%   +0.00 15 Year Fixed 3.25%   -0.01 10YR Treasury 1.52%   -0.0154 FNMA 30YR 3.5 102.78   +0.06 FNMA 15YR 2.5 102.55   +0.09 View Today's Rates

Friday October 4, 2019 Mortgage Rate Watch - 3:26PM Mortgage Rates Closing in on Multi-Year Lows Mortgage rates fell nicely this week with modest to moderate gains throughout. As I noted yesterday, this runs counter to the week's average mortgage rate headline, which claims flat ... MBS Commentary - 8:29AM MBS Day Ahead: Markets Asking Big Questions In the day just passed, the bond market rallied impressively following an exceptionally weak ISM services report. That was the 2nd of the two ISM purchasing managers' indices this week ... Big Geographical Differences in Home Building Times Remodeling Survey Cites "Joy" as Part of Project Payback Latest Video Don't put too much weight on slowing wage growth: Goldman Sachs' Hatzius September's unemployment rate hit a 50-year-low —Five economists on what this means for markets Steve Liesman: Revisions to jobs numbers are strong More News from 'Around the Web' CNBC - 3:25PM It's official. Manufacturing is getting crushed Reuters - 3:25PM 'Goldilocks' jobs data propels Wall St to best day in a month CNBC - 2:17PM Powell says it's the Fed's job to keep the economy in a 'good place' for 'as long as possible' CNBC - 12:30PM Boston Fed President Rosengren sees just 1.7% growth for the second half Calculated Risk Blog - 12:30PM Q3 GDP Forecasts: Just Under 2% Reuters - 11:58AM Fed should keep cutting rates despite jobs number: U.S. trade adviser Navarro www.builderonline.com - 11:57AM Concerns Rise About Fannie Mae and Risk Reuters - 10:00AM Instant View: U.S. September payrolls lower than expected, jobless rate drops Reuters - 8:58AM U.S. jobs growth rises moderately; unemployment rate falls to 3.5% CNBC - 8:10AM What to watch today: Futures lower, key jobs report released, White House prepares to reject inquiry Reuters - 8:08AM Futures slip ahead of crucial jobs report Bloomberg - 8:08AM Low Hurdle Seen to Maintain Sub-4% U.S. Unemployment Rate - Bloomberg Today's Rates Best Execution Rate Change 30 Yr FRM 3.62% +0.00 15 Yr FRM 3.25% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.64% -0.01 5/1 Yr ARM 3.36% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.79% 1.21 -0.12 30 Yr. Fixed 4.39% 1.12 -0.22 MBA ** 30 Yr. Fixed 4.12% 0.38 +0.08 15 Yr. Fixed 3.48% 0.32 +0.06 30 Yr. Jumbo 4.07% 0.21 +0.04 30 Yr. FHA 4.01% 0.28 +0.04 5/1 ARM 3.58% 0.27 +0.02 Freddie Mac ** 30 Yr. Fixed 3.65% 0.60 +0.01 15 Yr. Fixed 3.14% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.38% 0.40 +0.00 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 3.0 101.97 +0.17 30YR FNMA 3.5 102.78 +0.06 30YR GNMA 3.0 103.16 +0.16 30YR GNMA 3.5 103.98 +0.08 15YR FNMA 3.0 102.55 +0.09 15YR FNMA 2.5 101.34 +0.13 Treasuries Yield Change 2 YR 1.3996% +0.0075 5 YR 1.3390% -0.0132 10 YR 1.5187% -0.0154 30 YR 2.0076% -0.0238 Prices as of: 10/4/2019 3:54PM 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

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