Daily Newsletter: New Home Sales Drop Sharply; Near 2 Year Lows; Rates Appallingly Unchanged; Home Prices Still Rising

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30 Year Fixed 4.99%   +0.00 15 Year Fixed 4.47%   +0.00 10YR Treasury 3.10%   -0.0679 FNMA 30YR 3.5 97.63   +0.27 FNMA 15YR 2.5 98.25   +0.19 View Today's Rates

Wednesday October 24, 2018 MND NewsWire - 11:06AM New Home Sales Drop Sharply; Near 2 Year Lows New home sales managed to pull out a gain last time they were reported. The question was, with an improving inventory but rising interest rates, could they do it again? Analysts were ... Mortgage Rate Watch - 4:22PM Mortgage Rates Appallingly Unchanged Relative to Market Movement Mortgage rates were roughly unchanged today. That's an appalling reality considering the movement in underlying bond markets. Bonds--specifically, mortgage-backed securities (MBS)- ... MND NewsWire - 10:24AM FHFA Says Annual Price Gains Still Over 6 Percent Like most measures of monthly home price appreciation, the Federal Housing Finance Agency's House Price Index (HPI) has slowed in recent months but not quite as much as others. That ... MND NewsWire - 10:26AM Hurricane Florence, Seasonal Trends Conspire to Boost Mortgage Delinquencies Mortgage delinquencies surged by 13.2 percent in September, the largest single-month increase since November 2008. But despite the ominous connotations of that comparison, Black Knight ... Non-QM, Tech, Sales Products; M&A Continues; U.S. Bank Correspondent Reorganization MBS Day Ahead: Bonds Defend And Hope to Extend Big Rebound in Refinance Applications Latest Video Fed's watching markets more closely, says strategist Rising rates and real estate Fed talks tariffs and labor market in Beige Book More News from 'Around the Web' Reuters - 4:43PM Stocks fall on global worries while Treasuries rise Calculated Risk Blog - 2:21PM Fed's Beige Book: Economic Growth "modest to moderate", Some Housing Weakness Reuters - 2:14PM Wall Street drops as chipmakers fan corporate growth fears Calculated Risk Blog - 1:07PM AIA: "Architecture firm billings slow but remain positive in September" CNBC - 11:31AM 3 in 5 Americans say their finances haven't improved since the 2016 election CNBC - 10:18AM Fed's Kaplan: 'We no longer need to be stimulating the US economy' Calculated Risk Blog - 9:34AM Black Knight: National Mortgage Delinquency Rate Increased in September www.redfin.com - 9:34AM 2018 Migration Trends accelerate as more people look to leave Denver, San Francisco, and Los Angeles CNBC - 8:16AM Trump directly attacks Fed Chairman Powell, saying 'Obama had zero' interest rates: report Bloomberg - 8:08AM Realtors Spend Record $26 Million on Lobbying Today's Rates Best Execution Rate Change 30 Yr FRM 4.99% +0.00 15 Yr FRM 4.47% +0.00 FHA 30 Year Fixed 4.50% +0.00 Jumbo 30 Year Fixed 4.42% +0.00 5/1 Yr ARM 4.50% -0.01 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 4.85% 0.50 -0.05 15 Yr. Fixed 4.26% 0.40 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.10% 0.30 +0.03 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 94.91 +0.31 30YR FNMA 3.5 97.63 +0.27 30YR GNMA 3.0 96.02 +0.25 30YR GNMA 3.5 98.36 +0.13 15YR FNMA 3.0 98.25 +0.19 15YR FNMA 2.5 95.92 +0.30 Treasuries Yield Change 2 YR 2.8346% -0.0486 5 YR 2.9416% -0.0721 10 YR 3.1035% -0.0679 30 YR 3.3305% -0.0392 Prices as of: 10/24/2018 5:02PM 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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