Daily Newsletter: Mortgage Applications Hit Recent Highs; Much-Needed Recovery For Rates

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30 Year Fixed 3.82%   -0.03 15 Year Fixed 3.50%   +0.00 10YR Treasury 1.89%   -0.0365 FNMA 30YR 3.5 102.42   +0.02 FNMA 15YR 2.5 102.05   +0.05 View Today's Rates

Wednesday November 13, 2019 MND NewsWire - 8:07AM Mortgage Applications Hit Recent Highs The Mortgage Bankers Association (MBA) said application activity during the week ended November 8 was the strongest since late September , with both purchasing and refinancing indices ... Mortgage Rate Watch - 5:44PM Mortgage Rates Continue Much-Needed Recovery Mortgage rates have been more willing to move higher than lower recently. While that may continue to be the case in the near-term future, there have been pockets of resistance to that ... MND NewsWire - 8:26AM Consumers Shaky Again on Whether it's a Good Time to Buy Once again the "Good Time to Buy" component of Fannie Mae's Home Purchase Sentiment Index (HPSI) is on the decline. Net positive answers to that question fell by 7 percentage points ... MBS Day Ahead: Bonds Fight Back, But This is Still 'Bearish Limbo' Underwriting, Broker, ECOA, Free LPMI Products; Fire AND Flood Updates Access to Conventional/Jumbo Credit Increased in October Latest Video Rates more likely to fall than rise: MacroPolicy Perspectives' Coronado Fed's Jerome Powell: Negative interest rates would not be appropriate for US economy Fed's Powell: Debt is growing fast than economy, and that's not sustainable More News from 'Around the Web' Reuters - 3:44PM Shares, bond yields slip on sour trade deal sentiment CNBC - 3:44PM Bidding wars for homes hit a decade low Reuters - 12:44PM Trump says he will make a decision on auto tariffs soon Calculated Risk Blog - 11:47AM NY Fed Q3 Report: "Household Debt Continues to Climb in Third Quarter as Mortgage and Auto Loan Originations Grow" Calculated Risk Blog - 11:20AM Fed Chair Powell: The Economic Outlook Calculated Risk Blog - 10:53AM Houston Real Estate in October: Sales up 6% YoY, Inventory Up 7% Reuters - 9:50AM Fed's Powell says 'sustained expansion' likely for U.S. economy CNBC - 8:36AM US consumer prices rise 0.4% in October, slightly higher than estimates www.redfin.com - 8:04AM National Bidding War Rate Hit a 10-Year Low in October CNBC - 8:04AM Powell's communication has been 'erratic,' former Fed official Plosser says CNBC - 8:04AM Treasury yields tick higher as investors await economic data, Fed speeches Today's Rates Best Execution Rate Change 30 Yr FRM 3.82% -0.03 15 Yr FRM 3.50% +0.00 FHA 30 Year Fixed 3.45% -0.05 Jumbo 30 Year Fixed 3.92% -0.03 5/1 Yr ARM 3.48% -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 4.05% 0.37 +0.03 15 Yr. Fixed 3.40% 0.36 +0.01 30 Yr. Jumbo 4.01% 0.30 +0.05 30 Yr. FHA 3.83% 0.28 +0.04 5/1 ARM 3.43% 0.23 +0.14 Freddie Mac ** 30 Yr. Fixed 3.69% 0.50 -0.09 15 Yr. Fixed 3.13% 0.40 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.39% 0.30 -0.04 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 3.0 101.03 +0.09 30YR FNMA 3.5 102.42 +0.02 30YR GNMA 3.0 102.38 +0.09 30YR GNMA 3.5 103.66 +0.06 15YR FNMA 3.0 102.05 +0.05 15YR FNMA 2.5 100.56 +0.05 Treasuries Yield Change 2 YR 1.6462% -0.0161 5 YR 1.6978% -0.0364 10 YR 1.8912% -0.0365 30 YR 2.3699% -0.0345 Prices as of: 11/13/2019 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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