Daily Newsletter: Rates Anything But Lower This Week! Record-High FICOs, but Mortgage Credit Tightens

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30 Year Fixed 4.94%   +0.04 15 Year Fixed 4.40%   +0.03 10YR Treasury 3.19%   +0.0076 FNMA 30YR 3.5 97.56   -0.09 FNMA 15YR 2.5 98.27   -0.03 View Today's Rates

Thursday October 4, 2018 Mortgage Rate Watch - 3:44PM Mortgage Rates Are Anything But Lower This Week! If you don't happen to make it past this first sentence, just know that anyone telling you rates are much higher today is NOT lying to you. Anyone telling you the opposite is wrong ... MND NewsWire - 10:54AM Mortgage Credit Tightens, Government Programs Drive Change The availability of mortgage credit at least as measured by the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) pulled back in September, with the government ... MND NewsWire - 10:44AM FICO Scores Hit Record High Lesson learned? Whether they saw their credit decimated by the housing crisis and the Great Recession or merely watched loan standards tightened beyond their ability to qualify, Americans ... MBS Commentary - 9:30AM MBS Day Ahead: Selling Obviously Overdone, And That's a Problem If you didn't catch it, and want to get caught up with yesterday's big move, this tweet has several links that should bring you thoroughly up to speed: https://twitter.com/MG_MBS/status ... Vendor Changes and Webinars; Rates - Should Have Locked Tuesday Fannie Mae Requests Changes in Duty to Serve Plans Latest Video Mortgage rates at highest level in 7 years Expert says rates should be higher and the bond market 'got the Fed wrong' Mark Fleming talks about rising mortgage rates More News from 'Around the Web' CNBC - 3:19PM With the rise in interest rates, Friday's jobs report just got a lot more important CNBC - 2:02PM Miami Beach cracks down on short-term rentals Bloomberg - 2:01PM California's Already-High Demand for Tax-Free Debt May Grow More CNBC - 2:01PM Good economic news is now bad news for stocks as rising interest rates take hold Calculated Risk Blog - 12:59PM Reis: Regional Mall Vacancy Rate increased Sharply in Q3 2018 eyeonhousing.org - 12:59PM New Homes Built with Private Wells and Individual Septic Systems in 2017 Calculated Risk Blog - 11:56AM Reis: Office Vacancy Rate unchanged in Q3 to 16.6% CNBC - 11:44AM 10-year yield hits highest in 7 years as investors bet on roaring economy, higher inflation CNBC - 11:17AM Factory orders post largest gain in 11 months www.realtor.com - 10:33AM Here's How Many Americans Can't Afford to Buy a Median-Priced Home Calculated Risk Blog - 10:14AM Reis: Apartment Vacancy Rate increased in Q3 to 4.8% Calculated Risk Blog - 8:47AM Weekly Initial Unemployment Claims decreased to 207,000 CNBC - 8:08AM US Treasury yields jump ahead of more Fed remarks Bloomberg - 8:05AM Bond Bears Popping Champagne See Treasury Yields Even Higher CNBC - 8:01AM A red flashing light in the housing market could spell trouble for the economy Today's Rates Best Execution Rate Change 30 Yr FRM 4.94% +0.04 15 Yr FRM 4.40% +0.03 FHA 30 Year Fixed 4.50% +0.06 Jumbo 30 Year Fixed 4.41% +0.03 5/1 Yr ARM 4.20% +0.05 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 94.70 -0.09 30YR FNMA 3.5 97.56 -0.09 30YR GNMA 3.0 96.48 +0.36 30YR GNMA 3.5 98.78 -0.39 15YR FNMA 3.0 98.27 -0.03 15YR FNMA 2.5 95.86 -0.08 Treasuries Yield Change 2 YR 2.8721% -0.0039 5 YR 3.0467% +0.0018 10 YR 3.1889% +0.0076 30 YR 3.3501% +0.0139 Prices as of: 10/4/2018 4:49PM 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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