Daily Newsletter: New FHA Loan Limits; Home Construction Not Keeping Up

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30 Year Fixed 3.74%   +0.03 15 Year Fixed 3.41%   +0.02 10YR Treasury 1.77%   +0.0549 FNMA 30YR 3.5 102.70   -0.02 FNMA 15YR 2.5 102.34   -0.03 View Today's Rates

Wednesday December 4, 2019 MND NewsWire - 2:43PM FHA 2020 Loan Limits Set Federal Housing Administration (FHA) Commissioner Brian D. Montgomery has announced the loan limits for FHA forward mortgages in 2020. The limits are based on the conforming loan limis ... MND NewsWire - 12:40PM Housing Construction too Slow for Growing Population of Millennials There is widespread industry concern that new homes and apartment buildings are not being constructed fast enough to keep up with demand and now the National Association of Home Builders ... MND NewsWire - 9:14AM Mortgage Apps Hit on a Technicality, But Purchases Still Increased Mortgage activity during the week ended November 29 was predictably impacted by the Thanksgiving Day holiday which effectively shortened the business week to three days. The Mortgage ... Mortgage Rate Watch - 3:29PM Mortgage Rates Near Recent Lows Despite Moving Up Today Mortgage rates dropped sharply yesterday after having risen to the highest levels in 2 weeks the day before. Yesterday's culprit was trade war related, but today had a more robust calendar ... MBS Day Ahead: Bonds Still Tuned In to Trade, But Today's Data Matters Too Could FHA's Recovery Lead to Reduced Mortgage Insurance Premiums? Latest Video Housing in 2020 will be most challenging for buyers: Economist Home prices might turn negative in some markets 2020 housing supply could hit historic lows: Report More News from 'Around the Web' www.consumerfinancemonitor.com - 3:30PM CFPB and FTC announce issues for panels at Dec. 10 workshop on accuracy in consumer reporting CNBC - 1:34PM Job growth is slowing in the trade war but that may not be clear in Friday's payroll data CNBC - 1:16PM Steve Case: The 230 cities that lost HQ2 'perhaps can create the next Amazon' Reuters - 12:02PM U.S. service sector slows more than expected in November Reuters - 12:01PM Trump cancels his NATO summit news conference Reuters - 12:01PM Oil jumps 4% on U.S. stockpiles drop; further OPEC output cuts seen Reuters - 12:01PM Stocks rally on renewed trade talk optimism, yields rise CNBC - 10:20AM November ISM non-manufacturing index comes in at 53.9, vs 54.5 estimate Reuters - 9:54AM Trump says trade talks with China going 'very well' eyeonhousing.org - 9:53AM New Homes Built with Private Wells and Individual Septic Systems in 2018 CNBC - 8:28AM Harsh housing forecast for 2020, especially in these big cities Calculated Risk Blog - 8:28AM ADP: Private Employment increased 67,000 in November Reuters - 8:28AM Futures jump on report of U.S., China nearing phase-one trade deal Bloomberg - 8:27AM U.S., China Move Closer to Trade Deal Despite Harsh Rhetoric Today's Rates Best Execution Rate Change 30 Yr FRM 3.74% +0.03 15 Yr FRM 3.41% +0.02 FHA 30 Year Fixed 3.33% +0.03 Jumbo 30 Year Fixed 3.87% +0.02 5/1 Yr ARM 3.45% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.99% 0.33 -0.04 15 Yr. Fixed 3.40% 0.31 -0.03 30 Yr. Jumbo 3.93% 0.28 -0.05 30 Yr. FHA 3.80% 0.32 -0.05 5/1 ARM 3.51% 0.23 +0.11 Freddie Mac ** 30 Yr. Fixed 3.66% 0.60 -0.09 15 Yr. Fixed 3.15% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.39% 0.40 -0.05 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 3.0 101.41 -0.13 30YR FNMA 3.5 102.70 -0.02 30YR GNMA 3.0 102.80 -0.14 30YR GNMA 3.5 103.73 -0.06 15YR FNMA 3.0 102.34 -0.03 15YR FNMA 2.5 100.89 -0.08 Treasuries Yield Change 2 YR 1.5741% +0.0321 5 YR 1.5982% +0.0541 10 YR 1.7723% +0.0549 30 YR 2.2208% +0.0558 Prices as of: 12/4/2019 4:05PM 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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