Daily Newsletter: Builders Confident but Worried Over Costs; Same Old Story For Rates; Homebuilding Geography

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30 Year Fixed 4.64%   +0.00 15 Year Fixed 4.14%   +0.01 10YR Treasury 2.86%   +0.0036 FNMA 30YR 3.5 99.52   -0.02 FNMA 15YR 2.5 99.31   +0.02 View Today's Rates

Tuesday July 17, 2018 MND NewsWire - 10:47AM Builder Confidence: Strong but Unchanged, Material Costs Rising As analysts had expected, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) remained at 68 this month. The reading still indicates a strong level ... MND NewsWire - 10:02AM Builders Heeding Advice to Go West. Or South The National Association of Home Builders (NAHB) has plucked more information from the Census Bureau's Survey of Construction (SOC), this time to paint a portrait of the state of residential ... Mortgage Rate Watch - 4:36PM Same Old Story For Mortgage Rates Mortgage rates were generally unchanged today, prolonging an exceptionally flat trend. Over the past 3 weeks, the average mortgage seeker will not have seen a change in the interest ... Pipeline Press - 8:52AM Sales and Broker Products; Freddie and Fannie Updates “What can be asserted without evidence can also be dismissed without evidence.” While you ruminate on that one, there continues to be evidence and reminders that potential ... MBS Day Ahead: 2018 Rate Hike Odds Provide Backdrop For Powell Testimony Permit to Completion - Builder Timeline Depends on Where and Why Latest Video Powell: Best way forward to gradually raise interest rates Fed's Powell: Important to get housing finance off governmental balance sheet Larry McDonald talks about the flattening yield curve More News from 'Around the Web' Reuters - 3:20PM Fed's Powell: Years of strong jobs, low inflation still ahead www.realtor.com - 3:14PM Can the Mortgage Market Predict the Presidency? Bloomberg - 1:43PM Treasury Yield Curve Is Heading for Inversion, Fund Managers Say Reuters - 1:42PM States sue U.S. to void state and local tax deduction cap Calculated Risk Blog - 1:41PM Greenspan 13 Years Ago: "Froth in housing markets" CNBC - 12:15PM GDP could rise to 4 percent in Q2 thanks to business-friendly policies, Bank of America CEO says Bloomberg - 11:54AM Powell's Prepared Remarks to Senate Banking Panel Reuters - 11:37AM Fannie, Freddie shares dip after Fed's Powell remarks CNBC - 11:14AM China is investing 9 times more into Europe than into North America, report reveals CNBC - 10:25AM US lumber producers see huge opportunity, rush to expand CNBC - 10:07AM Powell backs more rate hikes as economy growing 'considerably stronger' CNBC - 9:24AM Industrial production rose 0.6% in June, matching expectations Reuters - 8:26AM China still confident of hitting 2018 growth target despite slowdown, trade risks Reuters - 8:07AM Fed's 'good place' U.S. economy heads for congressional review CNBC - 8:04AM The U.S. economy has plenty of steam despite bond market and trade fears, investors say Today's Rates Best Execution Rate Change 30 Yr FRM 4.64% +0.00 15 Yr FRM 4.14% +0.01 FHA 30 Year Fixed 4.36% +0.00 Jumbo 30 Year Fixed 4.53% -0.01 5/1 Yr ARM 3.95% -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 4.53% 0.40 +0.01 15 Yr. Fixed 4.02% 0.40 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.86% 0.30 +0.12 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 96.88 +0.02 30YR FNMA 3.5 99.52 -0.02 30YR GNMA 3.0 98.00 -0.03 30YR GNMA 3.5 100.50 +0.03 15YR FNMA 3.0 99.31 +0.02 15YR FNMA 2.5 97.13 0.00 Treasuries Yield Change 2 YR 2.6153% +0.0166 5 YR 2.7625% +0.0120 10 YR 2.8600% +0.0036 30 YR 2.9686% +0.0078 Prices as of: 7/17/2018 5:06PM 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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