Daily Newsletter: Rates Hold 2017 Lows Despite Volatility; New Sales Nosedive Forecast; Freddie Changes Rental Income Guidelines

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30 Year Fixed 3.96%   +0.00 15 Year Fixed 3.25%   +0.00 10YR Treasury 2.20%   -0.0449 FNMA 30YR 3.5 103.39   +0.13 FNMA 15YR 2.5 103.16   +0.13 View Today's Rates

Thursday August 10, 2017 Mortgage Rate Watch - 3:39PM Mortgage Rates Hold 2017 Lows Despite Market Volatility Mortgage rates remained in line with 2017's lows today, despite noticeable improvement in underlying bond markets. Under normal circumstances, bond market improvement equates fairly ... MND NewsWire - 11:28AM MBA Expects Nosedive in July New Home Sales The Mortgage Bankers Association (MBA) expects there will be a sharp downturn reported in July sales of newly constructed homes. While its Builder Applications Survey (BAS) data for ... MND NewsWire - 11:12AM Short-Term Rental Income Calculations Changed Freddie Mac has made some changes to the way in which lenders must handle rental income. The changes are primarily aimed at determining the stability of that income , especially when ... Pipeline Press - 9:12AM Digital Transactions, Electronic Closing; No Commission Loans “Rob, I am a new loan officer in an area with lots of high balance loans, and my company caps me out at $7,500 of commissions. But real estate agents don’t have a cap on ... MBS Day Ahead: Core Range Intact All Week Post-Crisis Paradox Continues as Jumbo Beats Conforming Latest Video Oaktree Capital's Howard Marks: Bonds may be first to crack David Rubenstein: Fed likely to only hike in December Santelli Exchange: FOMC from data dependent to conditions dependent More News from 'Around the Web' freddiemac.mwnewsroom.com - 4:12PM Freddie Mac Announces Pricing of $315 Million Multifamily Small Balance Loan Securitization CNBC - 3:22PM S&P 500's 1% decline Thursday is a rarity for 2017 NMHC - 3:20PM New HUD Report Highlights Affordable Housing Challenges Market Watch - 1:56PM DoubleLine's Gundlach is set to make a killing as stock market's 'fear gauge' soars Market Watch - 12:10PM Fed's Dudley says 2% inflation target will remain elusive even if price pressures pick up Calculated Risk Blog - 11:45AM Fannie and Freddie: REO inventory declined in Q2, Down 30% Year-over-year Market Watch - 10:09AM Fed's Dudley says modest wage growth reflects sluggish productivity Market Watch - 9:24AM Bond Report: Treasury yields fall after reports on jobless claims, wholesale inflation CNBC - 8:44AM US producer prices post biggest drop in 11 months Bloomberg - 8:43AM Bullard Says Yellen Successor Should Hold More Press Conferences Reuters - 8:43AM U.S. jobless claims rise; labor market still tightening Market Watch - 8:41AM Invitation Homes-Starwood announce merger in bid to rent single-family homes Today's Rates Best Execution Rate Change 30 Yr FRM 3.96% +0.00 15 Yr FRM 3.25% +0.00 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 4.25% +0.00 5/1 Yr ARM 3.16% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.06% 1.30 +0.03 30 Yr. Fixed 3.76% 1.38 +0.03 MBA ** 30 Yr. Fixed 4.13% 0.32 +0.00 15 Yr. Fixed 3.39% 0.33 -0.01 30 Yr. Jumbo 4.09% 0.20 +0.01 30 Yr. FHA 4.02% 0.41 -0.02 5/1 ARM 3.31% 0.25 +0.05 Freddie Mac ** 30 Yr. Fixed 3.90% 0.50 -0.03 15 Yr. Fixed 3.18% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.14% 0.50 -0.01 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 3.0 100.70 +0.19 30YR FNMA 3.5 103.39 +0.13 30YR GNMA 3.0 101.55 +0.13 30YR GNMA 3.5 103.95 +0.06 15YR FNMA 3.0 103.16 +0.13 15YR FNMA 2.5 101.23 +0.06 Treasuries Yield Change 2 YR 1.3306% -0.0121 5 YR 1.7760% -0.0313 10 YR 2.2045% -0.0449 30 YR 2.7820% -0.0432 Prices as of: 8/10/2017 4:25PM 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. © 2017 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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