Daily Newsletter: Eye-Catching Decline in Defaults; Rates Still Waiting to Make a Move; Home Prices Decelerating?

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30 Year Fixed 4.61%   -0.01 15 Year Fixed 3.99%   -0.01 10YR Treasury 2.95%   +0.0001 FNMA 30YR 3.5 99.28   0.00 FNMA 15YR 2.5 99.14   -0.05 View Today's Rates

Monday May 7, 2018 Mortgage Rate Watch - 4:14PM Mortgage Rates Still Waiting to Make a Move Mortgage rates have been exceptionally sideways for nearly 2 weeks now--this after hitting the highest levels in more than 4 years on April 25th. As always, the run up to long-term ... MND NewsWire - 11:59AM Monitor: Eye-Catching Decline in Defaults, Deceleration in Home Prices Sighted The month of March nearly always sees a significant decline in the national delinquency rate. The average March decrease during this century has been just under 11.0 percent. Black ... MBS Commentary - 9:33AM MBS Week Ahead: Auctions and CPI Data Vote on Bonds Next Move Longer-term rates have been in a bit of a holding pattern after deciding not to smash through the highest levels in more than 4 years at the end of April. Since then, the trend has ... Pipeline Press - 9:13AM LIBOR Update; Economy Readings Solid Nearly every residential lender is selectively scaling back, or rumored to be scaling back, for a multitude of reasons. Suddenly a company cutting a LO who is barely doing one loan ... Mutual of Omaha/Synergy One Deal; Howard Bank Ends DTC Homebuyers See Themselves Priced Out of Market Latest Video Santelli Exchange: Volatility and price congestion Housing confidence hits record high as prices skyrocket Buffett: Don't think we'll have trade wars of significance More News from 'Around the Web' Bloomberg - 3:49PM Departure of Fed's Dudley Will Open the Door for a Hawk on FOMC www.realtor.com - 2:24PM Americans Haven't Been This Optimistic About House Prices Since Just Before the Crash CNBC - 12:50PM Consumer staples have gotten slammed, but it could be the perfect time to buy eyeonhousing.org - 10:18AM House Search Takes Many Months, But Buyers Do Not Intend to Give Up Bloomberg - 9:32AM ECB Says Protectionism Would Hurt Economy With US Hit Severely Bloomberg - 8:42AM Fed Can't Return to Old Money Market Ways Even If It Wants to CNBC - 8:41AM Buying a second home? Don't overlook these key tax considerations CNBC - 8:35AM Banks are working to woo new doctors into home mortgages CNBC - 8:35AM Warren Buffett: Would easily choose stocks over bonds Reuters - 8:34AM Bank of England to keep rates steady after market U-turn The Basis Point - 8:34AM Linkage: one-third of homeowners don't know their mortgage rate Today's Rates Best Execution Rate Change 30 Yr FRM 4.61% -0.01 15 Yr FRM 3.99% -0.01 FHA 30 Year Fixed 4.44% -0.01 Jumbo 30 Year Fixed 4.67% -0.01 5/1 Yr ARM 3.79% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.65% 1.14 +0.09 30 Yr. Fixed 4.19% 1.21 +0.02 MBA ** 30 Yr. Fixed 4.68% 0.46 -0.01 15 Yr. Fixed 4.12% 0.51 +0.05 30 Yr. Jumbo 4.55% 0.37 +0.00 30 Yr. FHA 4.69% 0.81 -0.04 5/1 ARM 3.83% 0.68 -0.10 Freddie Mac ** 30 Yr. Fixed 4.55% 0.50 -0.03 15 Yr. Fixed 4.03% 0.40 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.69% 0.30 -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 96.50 +0.23 30YR FNMA 3.5 99.28 0.00 30YR GNMA 3.0 97.64 +0.08 30YR GNMA 3.5 100.19 +0.11 15YR FNMA 3.0 99.14 -0.05 15YR FNMA 2.5 97.13 -0.05 Treasuries Yield Change 2 YR 2.5011% -0.0039 5 YR 2.7888% +0.0017 10 YR 2.9516% +0.0001 30 YR 3.1229% +0.0000 Prices as of: 5/7/2018 4:33PM 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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