Daily Newsletter: Bigger-Picture Concerns Back to Forefront; Rates Shoot Significantly Higher

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30 Year Fixed 3.84%   +0.11 15 Year Fixed 3.45%   +0.06 10YR Treasury 1.86%   +0.0761 FNMA 30YR 3.5 102.44   -0.22 FNMA 15YR 2.5 102.08   -0.22 View Today's Rates

Tuesday November 5, 2019 MBS Commentary - 6:29PM MBS RECAP: Bigger-Picture Concerns Back to Forefront After ISM Heading into last week's Fed announcement and economic data, the analysis was starting to get a bit gloomy. It wasn't the first time I talked about the size and scope of 2019's rally ... Mortgage Rate Watch - 6:07PM Mortgage Rates Shoot Significantly Higher Mortgage rates were flat yesterday , but I warned that volatility could increase today. That turned out to be an understatement. Mortgage rates shot higher nearly as quickly as they ... MBS Commentary - 8:52AM MBS Day Ahead: Rocky Start For Bonds Ahead of ISM Data Bonds had a reasonably rough day yesterday, but most of the weakness was reserved for Treasuries. MBS managed to escape with minimal damage. There were no standout market movers although ... MBS RECAP: MBS Significantly Outperform as Treasuries Tank Apple Commits $2.5 Billion to Bay Area Housing Funds Latest Video Third quarter likely a bottom for earnings: BNY Mellon's Liz Young October ISM non-manufacturing beats expectations, 54.7 vs 53.5 Fischer: Fed cut, phase-one trade deal, strong cyclicals behind market rallies More News from 'Around the Web' Bloomberg - 6:00PM Robert Kaplan Says Steeper Yield Curve a Sign Fed Rates Now Appropriate - Bloomberg CNBC - 4:36PM Interest rates suddenly entered a new phase and they are moving higher thanks to possible trade deal eyeonhousing.org - 2:08PM Construction Job Openings Continue Year-over-Year Gains CNBC - 11:57AM Ray Dalio says the US will have no other option but to raise taxes in coming years Bloomberg - 10:45AM U.S. Trade With China Tumbled in September After Fresh Tariffs Calculated Risk Blog - 10:32AM BLS: Job Openings "Edged down" to 7.0 Million in September CNBC - 10:09AM High-tech housing matchmaker HomeLight announces $109 million in new funding CNBC - 10:06AM October ISM non-manufacturing index comes in at 54.7, vs 53.5 estimate CNBC - 9:44AM US international trade deficit narrows to $52.45B in September, vs $52.20B estimate Calculated Risk Blog - 9:10AM CoreLogic: House Prices up 3.5% Year-over-year in September www.builderonline.com - 8:49AM The Reasons Behind High Housing Prices in Boston Reuters - 8:38AM Chinese President Xi says need to bring down trade barriers Reuters - 8:26AM Fed's Barkin: Conflicting signals make U.S. economy hard to read CNBC - 8:04AM EU official Barnier says 'no one' has explained the benefit of Brexit — 'not even Nigel Farage' Bloomberg - 8:03AM $11 Trillion U.S. Mortgage Market Has a Shadowy New Player Today's Rates Best Execution Rate Change 30 Yr FRM 3.84% +0.11 15 Yr FRM 3.45% +0.06 FHA 30 Year Fixed 3.38% +0.00 Jumbo 30 Year Fixed 3.90% +0.09 5/1 Yr ARM 3.50% +0.08 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 4.05% 0.37 +0.03 15 Yr. Fixed 3.40% 0.36 +0.01 30 Yr. Jumbo 4.01% 0.30 +0.05 30 Yr. FHA 3.83% 0.28 +0.04 5/1 ARM 3.43% 0.23 +0.14 Freddie Mac ** 30 Yr. Fixed 3.78% 0.50 +0.03 15 Yr. Fixed 3.19% 0.60 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.43% 0.40 +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 3.0 101.14 -0.38 30YR FNMA 3.5 102.44 -0.22 30YR GNMA 3.0 102.50 -0.39 30YR GNMA 3.5 103.66 -0.44 15YR FNMA 3.0 102.08 -0.22 15YR FNMA 2.5 100.66 -0.30 Treasuries Yield Change 2 YR 1.6225% +0.0223 5 YR 1.6607% +0.0625 10 YR 1.8566% +0.0761 30 YR 2.3362% +0.0689 Prices as of: 11/5/2019 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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