Daily Newsletter: Refinancing Makes Sense For Nearly 8 Million Homeowners, But Rates Hit Resistance

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30 Year Fixed 3.63%   +0.01 15 Year Fixed 3.26%   +0.01 10YR Treasury 1.56%   +0.0358 FNMA 30YR 3.5 102.72   -0.02 FNMA 15YR 2.5 102.42   -0.11 View Today's Rates

Monday October 7, 2019 MND NewsWire - 10:08AM Refinancing Makes Sense For Nearly 8 Million Homeowners Even with home prices in most areas now well above their pre-Great Recession highs, affordability is not terribly low by historic measures. Black Knight, in its current issue of Mortgage ... Mortgage Rate Watch - 5:30PM Mortgage Rates Might be Hitting Some Resistance Mortgage rates moved lower every week for the past 3 weeks. They covered a respectable amount of ground during that time and ultimately erased most of September's damage by Friday afternoon ... Pipeline Press - 9:53AM LO Pricing/Research Products; Training and Events Remember those futuristic movies where humans battle machines? Are we really that far off? Here’s one development: artificial intelligence is transforming drones from picture ... MBS Commentary - 9:24AM MBS Week Ahead: Unlucky Number 7 In the week just passed, the bond market rallied strongly. Weaker economic data--especially the two ISM reports--led the way, ensuring the middle 3 days of the week did most of the ... MBS RECAP: Bonds Shrug at Lowest Jobless Rate in 50 Years Big Geographical Differences in Home Building Times Latest Video Conerns about personal finance are eating into consumer confidence in housing The consumer is still very healthy, says retail expert Economists see signs of reduced economic growth ahead More News from 'Around the Web' Reuters - 5:20PM Trump: There's a chance of something 'substantial' in China trade talks NY Fed - 3:47PM geography of wage inequality Reuters - 3:33PM Kudlow's comments on trade keep Wall Street afloat www.realtor.com - 1:05PM How Home Equity Affects College Aid Calculated Risk Blog - 1:04PM Update: Framing Lumber Prices Mostly Unchanged Year-over-year Reuters - 11:25AM White House confirms U.S.-China trade talks starting Thursday CNBC - 11:24AM Confidence in housing weakens just as homes become more affordable CNBC - 9:29AM Goldman Sachs: The economic run is not over and the US 'is not close to recession' www.npr.org - 9:23AM Renters Only: These New Homes Aren't For Sale CNBC - 8:38AM US Treasury yields tick higher as traders monitor US-China trade talks Bloomberg - 8:36AM Fed's George Sees No Need to Cut Rates Unless Slowdown Deepens - Bloomberg Today's Rates Best Execution Rate Change 30 Yr FRM 3.63% +0.01 15 Yr FRM 3.26% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.65% +0.01 5/1 Yr ARM 3.37% +0.01 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 3.65% 0.60 +0.01 15 Yr. Fixed 3.14% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.38% 0.40 +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 3.0 101.84 -0.08 30YR FNMA 3.5 102.72 -0.02 30YR GNMA 3.0 103.13 +0.02 30YR GNMA 3.5 104.02 +0.06 15YR FNMA 3.0 102.42 -0.11 15YR FNMA 2.5 101.17 -0.17 Treasuries Yield Change 2 YR 1.4678% +0.0622 5 YR 1.3973% +0.0486 10 YR 1.5648% +0.0358 30 YR 2.0532% +0.0395 Prices as of: 10/7/2019 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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