Daily Newsletter: Not Just the Season; MBA Predicts New Home Sales Down Sharply; Rates Recover

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30 Year Fixed 4.72%   -0.04 15 Year Fixed 4.28%   -0.02 10YR Treasury 2.91%   +0.0017 FNMA 30YR 3.5 98.73   +0.05 FNMA 15YR 2.5 98.94   -0.06 View Today's Rates

Thursday December 13, 2018 MND NewsWire - 9:58AM Not Just the Season; MBA Predicts New Home Sales Down Sharply The Mortgage Bankers Association (MBA) added a little more evidence to the pile indicating a rather rapid slow-down in the housing market. MBA's Builder Application Survey (BAS) data ... Mortgage Rate Watch - 2:59PM Mortgage Rates Edge Back Down Toward Long-Term Lows Mortgage rates fell moderately today, helping them move part of the way back down toward their lowest levels in more than 3 months (seen back on Friday). The average lender continues ... MBS Commentary - 9:26AM MBS Day Ahead: Clear Correction May Be Finding Clear Ceiling The first 3 days of this week have offered a clear correction/consolidation to the strong rally of the previous month. This had as much to do with timing and technicals as anything ... Pipeline Press - 9:23AM Books by Lenders, For Lenders; False Claims Act Rears it's Head; LO Products and Services “Why do people pay to go up tall buildings and then put money in binoculars to look at things on the ground?” It turns out that, in terms of grabbing their pieces of ground ... Lenders Looking to New Tech as Pessimism Over Profit Margins Grows White House Nominates Calabria as New FHFA Chief Latest Video Here are the results from CNBC's All-America Economic Survey Moody's economist: Next recession is coming into view Housing demand drops despite falling mortgage rates More News from 'Around the Web' Bloomberg - 5:05PM If Higher Rates Sank U.S. Home Sales, Will Lower Ones Save Them? Bloomberg - 3:34PM GOP Hurtles Toward Shutdown With No Plan to Avoid It Reuters - 3:23PM U.S. government posts $205 billion deficit in November www.consumerfinancemonitor.com - 1:16PM CFPB issues annual fair lending report Reuters - 12:43PM ECB ends crisis-fighting bond buys but eyes increasing risks Reuters - 12:42PM Bond giant Pimco expects 30 percent chance of U.S. recession in '19 CNBC - 11:00AM Homebuilders are not getting a bump from lower mortgage rates eyeonhousing.org - 10:30AM Custom Home Building Annual Share CNBC - 8:59AM Import prices post biggest drop in more than three years CNBC - 8:45AM This is the one chart the Fed must watch right now, veteran economic forecaster says Calculated Risk Blog - 8:40AM Weekly Initial Unemployment Claims decreased to 206,000 Reuters - 8:07AM ECB formally ends QE, keeps reinvestments open-ended www.redfin.com - 8:05AM Housing Inventory Up 5% in November—Fastest Growth in 3 Years—as Sales Decline 8% Today's Rates Best Execution Rate Change 30 Yr FRM 4.72% -0.04 15 Yr FRM 4.28% -0.02 FHA 30 Year Fixed 4.25% -0.05 Jumbo 30 Year Fixed 4.46% -0.02 5/1 Yr ARM 4.70% -0.02 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 4.63% 0.50 -0.12 15 Yr. Fixed 4.07% 0.50 -0.14 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.04% 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 96.09 +0.06 30YR FNMA 3.5 98.73 +0.05 30YR GNMA 3.0 97.41 -0.02 30YR GNMA 3.5 99.72 -0.02 15YR FNMA 3.0 98.94 -0.06 15YR FNMA 2.5 96.77 +0.02 Treasuries Yield Change 2 YR 2.7620% -0.0124 5 YR 2.7562% -0.0135 10 YR 2.9131% +0.0017 30 YR 3.1655% +0.0182 Prices as of: 12/13/2018 5:06PM 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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