Daily Newsletter: Rent Prices Turns Negative; Rates Recover But Scary Pattern Looms

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30 Year Fixed 4.97%   -0.03 15 Year Fixed 4.45%   -0.03 10YR Treasury 3.18%   -0.0264 FNMA 30YR 3.5 97.34   +0.13 FNMA 15YR 2.5 98.00   +0.05 View Today's Rates

Thursday October 18, 2018 MND NewsWire - 1:47PM Annual Rent Growth Finally Turns Negative Evidence is growing that the housing market is cooling, and Zillow is adding to the pile of proof. However, its contribution points more to a slowdown in the rental market than breaking ... Mortgage Rate Watch - 4:17PM Mortgage Rates Recover With Help From an Old Friend Mortgage rates recovered most of yesterday's losses today, following turmoil in European financial markets. What does Europe have to do with rates in the US? A lot, actually. In fact ... MND NewsWire - 1:44PM Rise of The Real Estate Teams Anyone who has ever worked as a real estate agent will understand the real reasons behind a new finding from the National Association of Realtors® (NAR). The organization recently ... MBS Commentary - 9:44AM MBS Day Ahead: Scary Technical Pattern Shaping Up For Bonds What is a pivot point ? In our primer on the topic, I talk mostly about levels that have repeatedly offered resistance or support to bond yields, but there's another relevant addition ... HELOC and Digital Products; Training And Events Housing Construction Down But Not Out Latest Video Here's what to watch as real estate drifts into two different markets Real estate sales fall in high-tax states, surges in low-tax Higher rates hitting both home buyers and builders More News from 'Around the Web' Reuters - 3:22PM Undermining EU budget rules carries high price for all: ECB's Draghi www.consumerfinancemonitor.com - 1:25PM CFPB hints at possible disparate impact rulemaking Calculated Risk Blog - 1:22PM Look Ahead to Existing Home Sales for September Bloomberg - 1:22PM There's a New Bullard Rule That Finds No Need to Raise Rates CNBC - 1:22PM Fed's Quarles says uncertainty calls for gradual U.S. rate hikes CNBC - 12:39PM Trump's attacks on Fed could backfire with higher rates, former vice chairman says www.spiegel.de - 12:20PM European Commission Threatens to Reject Draft Italian Budget CNBC - 11:19AM Leading indicators up 0.5% in September, in line with estimates Bloomberg - 11:18AM US Recession Chances in Next Two Years Top 60%, JPMorgan Says eyeonhousing.org - 11:17AM Remodeling Confidence Remains Solid Reuters - 9:45AM Wall Street slips at open on hawkish Fed, weak industrial earnings CNBC - 9:15AM Fed will ultimately push the US into recession, strategist says www.builderonline.com - 9:13AM BMO Harris Downsizing Mortgage Lending Workforce CNBC - 9:13AM Tech and real estate turn to the cloud to protect cities from floods CNBC - 8:05AM US is seeing 'relentless rise in household wealth,' Credit Suisse report says Today's Rates Best Execution Rate Change 30 Yr FRM 4.97% -0.03 15 Yr FRM 4.45% -0.03 FHA 30 Year Fixed 4.50% -0.05 Jumbo 30 Year Fixed 4.40% -0.03 5/1 Yr ARM 4.50% +0.00 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 94.52 +0.14 30YR FNMA 3.5 97.34 +0.13 30YR GNMA 3.0 95.70 +0.08 30YR GNMA 3.5 98.20 -0.19 15YR FNMA 3.0 98.00 +0.05 15YR FNMA 2.5 95.61 +0.06 Treasuries Yield Change 2 YR 2.8783% -0.0164 5 YR 3.0289% -0.0326 10 YR 3.1805% -0.0264 30 YR 3.3661% -0.0087 Prices as of: 10/18/2018 5:03PM 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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