Daily Newsletter: "Freeing" GSEs Could be Bad; Gig Economy Income Challenges; Robot Builders; Rates Unchanged

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30 Year Fixed 4.78%   +0.00 15 Year Fixed 4.21%   +0.00 10YR Treasury 3.06%   -0.0037 FNMA 30YR 3.5 98.56   0.00 FNMA 15YR 2.5 98.61   -0.02 View Today's Rates

Monday May 21, 2018 MND NewsWire - 3:07PM Will "Freeing" Fannie/Freddie Improve Housing Finance? In a prior article we summarized the options the Trump Administration might utilize to reform the residential mortgage financing system should Congress continue to drop the ball. Two ... MND NewsWire - 11:10AM Lenders: Income Verification Needs for "Gig" Economy Late last year Fannie Mae included questions in one of its National Housing Surveys about working in the "gig" economy. About a fifth of respondents claimed they earned at least some ... MND NewsWire - 10:36AM Automated Construction - Robot Frames Small Home in Two Days Last week the National Association of Home Builders (NAHB) reported that severe shortages of construction tradespeople were slowing homebuilding and increasing costs. The shortages ... Mortgage Rate Watch - 3:38PM Mortgage Rates Unchanged to Begin Week Mortgage rates held steady today, which is better than what could be said for most of last week when rates shot up to the highest levels in 7 years. Friday was the only day of improvement ... MBS Week Ahead: Holiday-Shortened Week. Time For Consolidation? Digital, Capital Markets Products; Regions Exits Correspondent Latest Video Santelli Exchange: Policy timing and politics will be a challenge for ECB's Draghi Interest rates, not trade are the market's big 'bogeyman,' says pro We'll start to see competition in asset allocation between bonds and stocks, says advisor More News from 'Around the Web' Bloomberg - 4:15PM Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000 Calculated Risk Blog - 3:03PM Ten Years Ago: Looking back at a Foreclosure CNBC - 3:03PM Banking overhaul heading for likely passage in Congress. Here's how it affects you CNBC - 1:58PM How much money Americans think is enough to live comfortably CNBC - 12:47PM Consumer debt set to reach record $4 trillion by the end of the year Bloomberg - 12:01PM Banks Are Getting Another Volcker Rule Win CNBC - 11:31AM Goldman: Don't worry about rising interest rates until the 10-year yield hits 4% CNBC - 10:55AM 3 things to do if you can't afford a down payment but still want to buy a home PR Newswire - 10:32AM National Association of Realtors® to Launch .realestate Top-Level Domain blog.stewart.com - 9:43AM Another Top-10 List — Fastest Growing Existing Home Median Prices www.realtor.com - 8:55AM Want to Buy or Sell a Home for Less? Look to Blockchain Technology freddiemac.mwnewsroom.com - 8:52AM Freddie Mac Launches "Borrower of the Future(SM)" Campaign to Improve the Housing Finance System and Better Serve the Next Generation of Homeowners eyeonhousing.org - 8:51AM Single-Family Home Size Increases at the Start of 2018 Bloomberg - 8:50AM Pimco Sees US Treasury Yields Likely Topping Out at 3.5% Washington Post - 8:48AM HUD Secretary Ben Carson doubles down on dismantling Obama-era fair-housing policies Today's Rates Best Execution Rate Change 30 Yr FRM 4.78% +0.00 15 Yr FRM 4.21% +0.00 FHA 30 Year Fixed 4.50% +0.00 Jumbo 30 Year Fixed 4.80% +0.00 5/1 Yr ARM 3.99% -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 4.61% 0.40 +0.06 15 Yr. Fixed 4.08% 0.40 +0.07 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.82% 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 95.67 +0.06 30YR FNMA 3.5 98.56 0.00 30YR GNMA 3.0 96.78 -0.05 30YR GNMA 3.5 99.50 0.00 15YR FNMA 3.0 98.61 -0.02 15YR FNMA 2.5 96.58 -0.06 Treasuries Yield Change 2 YR 2.5698% +0.0210 5 YR 2.8916% +0.0035 10 YR 3.0559% -0.0037 30 YR 3.1974% -0.0050 Prices as of: 5/21/2018 4:27PM 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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