Daily Newsletter: Mortgage Rates Surge Lower; Inventories Recovering as Pending Sales Decline

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30 Year Fixed 4.84%   -0.09 15 Year Fixed 4.35%   -0.08 10YR Treasury 3.03%   -0.0274 FNMA 30YR 3.5 97.95   +0.03 FNMA 15YR 2.5 98.61   +0.02 View Today's Rates

Thursday November 29, 2018 Mortgage Rate Watch - 4:28PM Mortgage Rates Surge Lower Mortgage rates surged lower today, falling at the fastest single-day pace in more than a year. In order to see the average lender offer lower rates, you'd need to go back to October ... Pipeline Press - 10:45AM Fraud and Subservicing Products; Training and Events; Fed Speech Moves Rates Yes, MLO commissions are dropping. But the traditional 6% real estate agent commission continues to be under attack as well, the latest salvo fired from Clever , a real estate startup ... MND NewsWire - 10:24AM Inventories Recover as Pending Home Sales Cool Pending home sales in October failed to build on their small September gains - only the second uptick in six months. The Pending Home Sales Index (PHSI) from the National Association ... MBS Commentary - 9:42AM MBS Day Ahead: Bonds Thinking About Taking a Lead-Off? I use the baseball/lead-off analogy quite a bit to refer to a range breakout that occurs before the important event that is most likely to cause a breakout. In the current case, that ... Cash-Out Refi's surge, Can't Compare to Pre-Crash Activity Housing Forecasts: When Cooling Isn't so Cool. Latest Video The Fed needs to recalibrate its thought process, says Natixis economist Housing will stop contributing to growth due to softness, says chief economist Mortgage Bankers Association expects more millennials to buy houses More News from 'Around the Web' Bloomberg - 4:47PM Homebuilders ETF Sees Massive Volume on Powell's Dovish Comments CNBC - 3:56PM The Fed is still tweaking its balance sheet unwind CNBC - 2:08PM Mortgage rates could head lower after Powell comment drives bond yield to important level CNBC - 2:07PM Fed points to December rate hike but is worried about tariffs and debt Reuters - 1:17PM Trump says 'long way to go' on tariffs and China Bloomberg - 1:17PM Rising US Jobless Claims Are Starting to Worry Some Economists Bloomberg - 1:17PM Deutsche Bank Warns Powell's Remarks Were 'Misunderstood' by Markets CNBC - 10:02AM Pending home sales drop 2.6% in October for 10th straight month of annual declines www.redfin.com - 9:34AM Luxury Home Prices Up 3.2 Percent Annually in the Third Quarter, the Lowest Growth Rate in Nearly Two Years Calculated Risk Blog - 9:09AM Personal Income increased 0.5% in October, Spending increased 0.6% Calculated Risk Blog - 8:54AM Weekly Initial Unemployment Claims increased to 234,000 Bloomberg - 8:04AM US 10-Year Yield Approaches 3% as Rate Bets Return to Earth Bloomberg - 8:04AM How a Dovish Tone at the Fed Sounded Across Markets Today's Rates Best Execution Rate Change 30 Yr FRM 4.84% -0.09 15 Yr FRM 4.35% -0.08 FHA 30 Year Fixed 4.37% -0.07 Jumbo 30 Year Fixed 4.52% -0.06 5/1 Yr ARM 4.75% +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 4.81% 0.50 -0.13 15 Yr. Fixed 4.25% 0.40 -0.11 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.12% 0.30 -0.02 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 95.19 +0.03 30YR FNMA 3.5 97.95 +0.03 30YR GNMA 3.0 96.25 +0.08 30YR GNMA 3.5 98.70 +0.06 15YR FNMA 3.0 98.61 +0.02 15YR FNMA 2.5 96.38 +0.08 Treasuries Yield Change 2 YR 2.8107% -0.0020 5 YR 2.8480% -0.0202 10 YR 3.0334% -0.0274 30 YR 3.3253% -0.0223 Prices as of: 11/29/2018 5:00PM 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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