Daily Newsletter: Cooling Isn't so Cool for Housing; Sales Retreat; Cash-Out Refi Surge

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30 Year Fixed 4.93%   -0.01 15 Year Fixed 4.43%   -0.01 10YR Treasury 3.06%   -0.0019 FNMA 30YR 3.5 97.89   +0.11 FNMA 15YR 2.5 98.59   +0.13 View Today's Rates

Wednesday November 28, 2018 MND NewsWire - 11:53AM Housing Forecasts: When Cooling Isn't so Cool. With both interest rates and home prices rising it is nearly impossible to find a housing forecast that doesn't include the word " cooling ." The November outlook from Freddie Mac is ... MND NewsWire - 11:16AM New Home Sales Defy Expectations and Retreat in October New home sales were expected to make a strong showing in October; the consensus of analysts polled by Econoday was for a sharp increase from the September level of 553,000 to 575,000 ... MND NewsWire - 3:32PM Cash-Out Refi's surge, Can't Compare to Pre-Crash Activity The party is probably over for the time being when it comes to rate-and-term (i.e. "no cash out") refinancing. But even as rising interest rates steadily shrink the pool of candidates ... Mortgage Rate Watch - 2:27PM First Noticeable Move in Mortgage Rates in More Than a Week Mortgage rates began the day just like they've begun each of the past 5 business days: perfectly unchanged! As we discussed yesterday, the recent absence of movement is a good thing ... MBS Day Ahead: A Simple Framework For Approaching Rate Risk in the Coming Days Non-QM Product, Construction Webinar; Lender and Bank Mergers Mortgage Applications: Volumes Ignore Holiday With 5.5% Increase Latest Video Powell: Rates just below range of neutral estimates Did we just see a 'Powell bottom?' Home improvement looks stronger than home construction, analyst says More News from 'Around the Web' Bloomberg - 2:55PM Did Powell Just Put a Floor Under Stocks? Wall Street Weighs In Reuters - 1:01PM Instant View: Fed's gradual rate hikes balance against risks - Powell CNBC - 1:01PM After Powell comments, traders only see two more interest rate hikes CNBC - 10:46AM BlackRock's bond king: Fed rates could already be at neutral given the pockets of economic weakness Calculated Risk Blog - 10:22AM New Home Sales decrease to 544,000 Annual Rate in October Reuters - 10:20AM Fed stability report: Banks, households strong, but asset values 'elevated' eyeonhousing.org - 9:28AM Some Easing of AD&C Lending, According to Builders and Developers CNBC - 8:37AM Third-quarter GDP unrevised at 3.5%, in line with estimates Bloomberg - 8:05AM FOMC Will Stay the Course, Goldman's Wilson Says www.realtor.com - 8:01AM The 4 Key Trends Home Buyers and Sellers Should Watch in 2019 Today's Rates Best Execution Rate Change 30 Yr FRM 4.93% -0.01 15 Yr FRM 4.43% -0.01 FHA 30 Year Fixed 4.44% -0.02 Jumbo 30 Year Fixed 4.58% -0.01 5/1 Yr ARM 4.74% -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 4.94% 0.50 +0.00 15 Yr. Fixed 4.36% 0.40 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.14% 0.30 +0.00 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 95.16 +0.13 30YR FNMA 3.5 97.89 +0.11 30YR GNMA 3.0 96.17 +0.19 30YR GNMA 3.5 98.63 +0.14 15YR FNMA 3.0 98.59 +0.13 15YR FNMA 2.5 96.33 +0.13 Treasuries Yield Change 2 YR 2.8107% -0.0243 5 YR 2.8649% -0.0252 10 YR 3.0571% -0.0019 30 YR 3.3409% +0.0222 Prices as of: 11/28/2018 3:36PM 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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