Daily Newsletter: MBA Sees Sales Falling in Nov Despite Longer-Term Strength; Delinquency Uptick Not a Distress Signal; Rates Higher Ahead of Fed

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30 Year Fixed 4.00%   +0.02 15 Year Fixed 3.34%   +0.02 10YR Treasury 2.40%   +0.0126 FNMA 30YR 3.5 102.50   -0.17 FNMA 15YR 2.5 101.88   -0.05 View Today's Rates

Tuesday December 12, 2017 MND NewsWire - 10:59AM MBA Sees Sales Falling in Nov Despite Longer-Term Strength The Mortgage Bankers Association (MBA) projects a decrease in new home sales in November compared to the previous month, but still sees those sales running well ahead of last year ... MND NewsWire - 9:58AM Increased Delinquency Not a Sign of Distress - Hurricanes to Blame Loans performed well in September , continuing to erase most of the last vestiges of the market's Great Recession distress. The CoreLogic Performance Insights Report for the month says ... Mortgage Rate Watch - 4:30PM Mortgage Rates Slightly Higher Ahead of Fed Mortgage rates moved modestly higher for the 4th straight business day today. Last Wednesday saw the best levels in a month with some lenders in the best shape since early September ... Pipeline Press - 9:16AM Upcoming Events; Mortgage and Bank Announcements; MBS Issuance Rankings Today I find myself in Florida spending time with American Bancshares. Did you know the area code for Cape Canaveral is 321…as in a countdown? 2017 is counting down. No one has ... MBS Day Ahead: Focus Remains on Tomorrow Looking Back at Loan Mods: What Worked, What Didn't, and What Can We Learn? Latest Video Rental investors may come out ahead in the tax plan How the Fed could surprise the markets at Yellen's farewell meeting Is tax uncertainty making home owners flee to lower tax states? More News from 'Around the Web' CNBC - 4:45PM GOP tax bill would include 21% corporate tax rate, would start in 2018: Sources CNBC - 3:51PM Mitch McConnell says there's no chance of a government shutdown www.nytimes.com - 2:57PM Republicans Nearing Agreement on Final Tax Bill www.foxbusiness.com - 2:49PM The Latest: Tax bill scales back mortgage interest deduction Reuters - 1:27PM Special Report: Unfettered construction raises U.S. hurricane costs CNN - 12:56PM Fed expected to lift rates as Yellen delivers final press conference Calculated Risk Blog - 11:45AM Goldman expects "Tax Reform" to be Enacted in the "Next Two Weeks" Bloomberg - 10:14AM US Wholesale Prices Climbed More Than Forecast in November news.gallup.com - 9:55AM Snapshot: U.S. Economic Confidence Holds Strong Calculated Risk Blog - 9:22AM NFIB: Small Business Optimism Index "Near All-Time High" in November CNBC - 8:55AM US producer prices post the biggest annual gain in nearly 6 years CNBC - 8:22AM How the Fed could surprise the markets at Yellen's farewell meeting Bloomberg - 8:20AM Bond Traders Look to 2018 as This Week's Fed Raise Seen as Done Deal www.builderonline.com - 8:20AM Housing Trends Favor Builders Focused on Entry-Level Buyers www.corelogic.com - 8:19AM CoreLogic Reports September Mortgage Delinquency Rates Lowest in More Than a Decade Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% +0.02 15 Yr FRM 3.34% +0.02 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 4.16% +0.02 5/1 Yr ARM 3.20% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.22 -0.02 30 Yr. Fixed 4.14% 1.32 -0.01 MBA ** 30 Yr. Fixed 4.06% 0.38 -0.05 15 Yr. Fixed 3.34% 0.38 -0.02 30 Yr. Jumbo 3.96% 0.20 -0.04 30 Yr. FHA 3.98% 0.35 -0.04 5/1 ARM 3.14% 0.31 -0.12 Freddie Mac ** 30 Yr. Fixed 3.94% 0.50 +0.04 15 Yr. Fixed 3.36% 0.50 +0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.35% 0.30 +0.03 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 99.70 -0.13 30YR FNMA 3.5 102.50 -0.17 30YR GNMA 3.0 100.69 -0.16 30YR GNMA 3.5 103.41 -0.17 15YR FNMA 3.0 101.88 -0.05 15YR FNMA 2.5 99.83 -0.08 Treasuries Yield Change 2 YR 1.8312% +0.0082 5 YR 2.1735% +0.0135 10 YR 2.4029% +0.0126 30 YR 2.7770% +0.0000 Prices as of: 12/12/2017 4:57PM 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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