Daily Newsletter: Mortgage Rates Surge to Recent Highs; Tax Bill Effect on Homebuying Demand; New Construction Remains Solid

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30 Year Fixed 4.05%   +0.08 15 Year Fixed 3.35%   +0.05 10YR Treasury 2.46%   +0.0648 FNMA 30YR 3.5 102.34   -0.33 FNMA 15YR 2.5 101.58   -0.23 View Today's Rates

Tuesday December 19, 2017 Mortgage Rate Watch - 4:47PM Mortgage Rates Surge to Recent Highs Mortgage rates surged higher today, ultimately making it back to levels not seen since late October in some cases (depending on the lender). Part of the reason rates were able to cover ... MND NewsWire - 11:05AM Not a "Good Time to Buy?" Tax Changes Might Make Opinions Worse The idea that it is a good time to buy a home appears to be losing ground . The National Association of Realtors'® (NAR's) new fourth quarter Housing Opportunities and Market Experience ... MND NewsWire - 9:53AM Homebuilding Activity Stronger Than Forecast After a surprisingly good report in October, with all three measures of residential construction activity rising significantly, analysts were expecting a little give back in November ... MBS Commentary - 9:28AM MBS Day Ahead: Bonds Begin Day Testing Weaker Boundaries It could just be random December trading that ultimately proves to be inconsequential, but every visit to the top of our recent ranges has to be taken seriously . Every time 10yr yields ... Events and Webinars; Borrower Satisfaction Survey; 2Y Bonds Hit 9 Year-High Faith in New Home Market at 18-Year High Latest Video Real estate sector becomes biggest market laggard Housing starts rise versus 2016, but fall below 25-year average Santelli Exchange: How did buybacks get such a bad reputation? More News from 'Around the Web' CNBC - 4:29PM Interest rates rise in one of biggest 2-day moves of year as tax bill gets closer to becoming law Reuters - 2:44PM U.S. House approves biggest tax overhaul in 30 years, Senate next Calculated Risk Blog - 2:25PM Sacramento Housing in November: Sales down 3% YoY, Active Inventory up 8% YoY Bloomberg - 2:25PM US Treasury Sales Are About to Double 2018. Who's Buying? Bloomberg - 12:40PM Fed's Kaplan Warns Inverted Yield Curve Would Limit Flexibility CNBC - 11:28AM Fed President Neel Kashkari explains why he's still against hiking rates Bloomberg - 10:27AM Fed's Dots Have Lost the Plot as Economists Puzzle Over Outlook freddiemac.mwnewsroom.com - 9:58AM Freddie Mac Prices $1.2 Billion Multifamily K-Deal, K-729 CNBC - 9:58AM US Treasurys mixed as investors await news surrounding US tax plan CNBC - 8:27AM Fed's Kashkari: I vote against rate hikes because of low inflation and troubling bond market signals www.corelogic.com - 8:26AM CoreLogic Analysis Shows Mortgage Credit Risk Increased from Q3 2016 to Q3 2017 Today's Rates Best Execution Rate Change 30 Yr FRM 4.05% +0.08 15 Yr FRM 3.35% +0.05 FHA 30 Year Fixed 3.65% +0.05 Jumbo 30 Year Fixed 4.19% +0.06 5/1 Yr ARM 3.25% +0.04 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 3.93% 0.50 -0.01 15 Yr. Fixed 3.36% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.36% 0.30 +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 99.59 -0.39 30YR FNMA 3.5 102.34 -0.33 30YR GNMA 3.0 100.92 +0.03 30YR GNMA 3.5 103.45 -0.03 15YR FNMA 3.0 101.58 -0.23 15YR FNMA 2.5 99.55 -0.23 Treasuries Yield Change 2 YR 1.8525% +0.0207 5 YR 2.2195% +0.0522 10 YR 2.4590% +0.0648 30 YR 2.8144% +0.0745 Prices as of: 12/19/2017 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. © 2017 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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