Daily Newsletter: Rates Recover Modestly, But Uncertainty Remains Ahead of Fed Day

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30 Year Fixed 3.82%   -0.03 15 Year Fixed 3.50%   -0.02 10YR Treasury 1.84%   -0.0579 FNMA 30YR 3.5 102.25   +0.16 FNMA 15YR 2.5 101.92   +0.42 View Today's Rates

Monday September 16, 2019 Mortgage Rate Watch - 4:48PM Rates Recover Modestly, But Uncertainty Remains Mortgage rates closed out their worst week since 2016 on Friday as the bond market underwent a classic correction after its best month since 2011. The bigger and more sustained a drop ... MBS Commentary - 9:55AM MBS Day Ahead: It's Still a Correction Unless The Fed Says Otherwise In the week just passed, the bond market sold off at the fastest pace since the June 2013 taper tantrum. That's a relatively impressive feat at first glance considering the taper tantrum ... Tariffs are Creating a Perfect Storm for Builders Broker Products; Vendor Developments; Rate Volatility Increase Latest Video Fed will cut interest rates, but won't be as dovish as stock market wants it to be: Sit's Bryce Doty Here's the impact high mortgage rates are having on the housing market Interest rates don't appear to be going negative, but could change: Pro More News from 'Around the Web' CNBC - 3:50PM Expectations suddenly are rising that the Fed might not cut interest rates this week www.realtor.com - 3:48PM Millennials Are Resorting to This Questionable Tactic to Buy Their First Homes Bloomberg - 3:47PM Fannie Mae and Freddie Mac Won't Go to Market Until End of 2020, FHFA Director Says - Bloomberg Video CNBC - 1:03PM Bet on a bond bounce, says top technician Bloomberg - 11:52AM ECB Can Do QE for Extended Time Before Limits Hit, Lane Says Reuters - 11:26AM U.S. envoy tells U.N. Security Council indications Iran behind Saudi oil attacks Calculated Risk Blog - 11:00AM Hotels: Some Analyis of Short Term Rentals; Occupancy Rate Decreased Year-over-year Reuters - 10:05AM EU's Juncker to PM Johnson: Britain must make proposals to replace backstop Reuters - 9:30AM Saudi Arabia shuts pipeline to Bahrain after oil outage: trade sources CNBC - 8:58AM Trump says US 'locked and loaded' after attack on Saudi oil supply Calculated Risk Blog - 8:42AM NY Fed: Manufacturing "Business activity was little changed in New York State" CNBC - 8:05AM Ron Paul: US interest rates are going negative, and the Fed can't stop it CNBC - 8:04AM Facebook is reportedly meeting with the Fed and other central banks to discuss libra Today's Rates Best Execution Rate Change 30 Yr FRM 3.82% -0.03 15 Yr FRM 3.50% -0.02 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.87% -0.02 5/1 Yr ARM 3.52% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.79% 1.21 -0.12 30 Yr. Fixed 4.39% 1.12 -0.22 MBA ** 30 Yr. Fixed 4.12% 0.38 +0.08 15 Yr. Fixed 3.48% 0.32 +0.06 30 Yr. Jumbo 4.07% 0.21 +0.04 30 Yr. FHA 4.01% 0.28 +0.04 5/1 ARM 3.58% 0.27 +0.02 Freddie Mac ** 30 Yr. Fixed 3.56% 0.50 +0.07 15 Yr. Fixed 3.09% 0.50 +0.09 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.36% 0.30 +0.06 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 3.0 100.83 +0.27 30YR FNMA 3.5 102.25 +0.16 30YR GNMA 3.0 102.27 +0.34 30YR GNMA 3.5 103.48 +0.09 15YR FNMA 3.0 101.92 +0.42 15YR FNMA 2.5 100.36 +0.36 Treasuries Yield Change 2 YR 1.7573% -0.0467 5 YR 1.6974% -0.0600 10 YR 1.8432% -0.0579 30 YR 2.3146% -0.0606 Prices as of: 9/16/2019 5:05PM 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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