Daily Newsletter: Mortgage Rates Not Impressed by Market Volatility; Closer Look at New Housing Bill

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30 Year Fixed 5.00%   +0.00 15 Year Fixed 4.48%   -0.01 10YR Treasury 3.17%   -0.0321 FNMA 30YR 3.5 97.47   -0.02 FNMA 15YR 2.5 98.34   +0.16 View Today's Rates

Wednesday October 10, 2018 Mortgage Rate Watch - 5:58PM Mortgage Rates Not Impressed by Market Volatility Mortgage rates are based on mortgage-backed securities (MBS), which are essentially bonds. Conventional wisdom holds that stocks and bonds supplement one another, and that as "money ... MND NewsWire - 5:00PM Moody's Examines (And Endorses) Affordable Housing Bill It was largely ignored with the ongoing rush of news from Washington, but late last month Senator Elizabeth Warren (D-MA) introduced a bill she says is aimed at increasing the amount ... Pipeline Press - 8:52AM Warehouse and Non-QM Products; Agency Appraisal and Inspection Changes As Hurricane Michael heads toward Florida & Georgia (with the wind and storm surge, lenders and investors act – for example, Mr. Cooper has temporarily suspended loan purchases ... MND NewsWire - 8:11AM Mortgage Application Activity Dwindles as Rates Move Higher Mortgage application activity declined during the week as the 30-year mortgage rate crossed the 5.0 percent line for the first time in seven years and other products moved to new seven ... MBS Day Ahead: Bonds Still Focused on Defense, But Hoping Offense Figures it Out White Paper on Customer Service, Warehouse Product; PIW's and Outsourcing Latest Video We're seeing a sell-off with no fear, says chief economist Redfin CEO: Interest rates have been 'a real bite' for mortgages The Fed has 'done the right thing' when it comes to rate hikes, expert says More News from 'Around the Web' Calculated Risk Blog - 3:04PM Seattle Real Estate in September: Sales Down 29% YoY, Inventory up 78% YoY Calculated Risk Blog - 2:55PM Houston Real Estate in September: "Market Cools" Bloomberg - 2:51PM Bond ETF Outflows Suggest No More 'Crying Wolf' on US Rates CNBC - 12:49PM Not just student loans: Millennials are also loading up on this kind of debt Reuters - 12:48PM Equities slide to three-month low as tech stocks plunge CNBC - 11:55AM Cramer predicts Fed chief Powell could 'walk back' the recent rate comments that jolted Wall Street Bloomberg - 11:21AM Italy Wakes Up to Bond Spreads Again in Throwback to Crisis Days CNBC - 9:17AM Travelers to sell smart home solutions on Amazon, offers insurance discounts after purchase Reuters - 8:58AM U.S. producer prices rebound in September Reuters - 8:07AM Fed policymaker says clarity key to avoiding global disruptions CNBC - 8:05AM Here is why investors should quit worrying about rising interest rates Bloomberg - 8:04AM US Financials Aren't Rising With Yields, in an Ominous Omen Today's Rates Best Execution Rate Change 30 Yr FRM 5.00% +0.00 15 Yr FRM 4.48% -0.01 FHA 30 Year Fixed 4.60% +0.00 Jumbo 30 Year Fixed 4.47% +0.00 5/1 Yr ARM 4.38% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.15% 1.16 -0.02 30 Yr. Fixed 4.78% 1.15 +0.01 MBA ** 30 Yr. Fixed 4.96% 0.49 -0.01 15 Yr. Fixed 4.39% 0.50 +0.01 30 Yr. Jumbo 4.93% 0.31 +0.01 30 Yr. FHA 4.95% 0.80 +0.01 5/1 ARM 4.24% 0.48 +0.02 Freddie Mac ** 30 Yr. Fixed 4.71% 0.40 +0.06 15 Yr. Fixed 4.15% 0.40 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.01% 0.30 +0.09 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 94.59 -0.05 30YR FNMA 3.5 97.47 -0.02 30YR GNMA 3.0 96.02 +0.13 30YR GNMA 3.5 98.48 +0.11 15YR FNMA 3.0 98.34 +0.16 15YR FNMA 2.5 95.86 +0.13 Treasuries Yield Change 2 YR 2.8524% -0.0368 5 YR 3.0112% -0.0427 10 YR 3.1742% -0.0321 30 YR 3.3624% -0.0035 Prices as of: 10/10/2018 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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