Daily Newsletter: Everyone is Still Refinancing; FHA Refis at 3 Year High; Rates Fall After Fed; Realtors Forecasts

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30 Year Fixed 3.76%   -0.03 15 Year Fixed 3.41%   -0.03 10YR Treasury 1.81%   -0.0277 FNMA 30YR 3.5 102.69   +0.11 FNMA 15YR 2.5 102.31   +0.11 View Today's Rates

Wednesday December 11, 2019 MND NewsWire - 8:41AM Everyone is Still Refinancing; FHA Refis at 3 Year High Mortgage applications activity recovered strongly during the week ended December 6 after the usual Thanksgiving week lull. The Mortgage Bankers Association (MBA) said its Market Composite ... MND NewsWire - 1:26PM NAR Forecasts on GDP, Rate Cuts, and Probability of Recession The National Association of Realtors (NAR) used the occasion of a summit headed by Secretary of Housing and Urban Development Ben Carson to release its forecast for housing and the ... Mortgage Rate Watch - 4:14PM Mortgage Rates Improve After Fed Announcement Mortgage rates improved today following the Federal Reserve's policy announcement and Fed Chair Powell's press conference. The Fed doesn't set mortgage rates (their policy rate applies ... MBS Commentary - 2:02PM Differences Between Previous and Current FOMC Statements Information received since the Federal Open Market Committee met in September October indicates that the labor market remains strong and that economic activity has been rising at a ... Servicing Primer and Prepayment Speeds; Retention, Reno, Non-QM Products MBS Day Ahead: Fed Reading From Same Script as Jobs Report Latest Video Powell on differences between now and 1995, 1998 rate decisions Negative trend in business investment a red flag: Stifel's Piegza US-China phase one trade deal is still in the works More News from 'Around the Web' Calculated Risk Blog - 4:32PM Houston Real Estate in November: Sales up 2% YoY, Inventory Up 5% Reuters - 4:14PM U.S. government posts $209 billion deficit in November CNBC - 3:24PM Fed Chair Powell says he would want to see persistent rise in inflation before hiking rates again Reuters - 1:46PM U.S. chief executives back revised USMCA trade deal Reuters - 11:36AM Explainer: What the U.S. Federal Reserve will be watching in 2020 Calculated Risk Blog - 11:36AM Cleveland Fed: Key Measures Show Inflation Above 2% YoY in November, Core PCE below 2% Reuters - 10:53AM Dow hit by losses in Boeing, Home Depot; S&P 500, Nasdaq edge higher CNBC - 9:23AM Christine Lagarde faces her first real test at ECB debut meeting CNBC - 8:43AM US consumer prices increase more than expected in November Reuters - 8:13AM After year of living dangerously, Fed likely to signal time to lay low Calculated Risk Blog - 8:11AM Wednesday: FOMC Announcement, CPI CNBC - 8:11AM Jeffrey Gundlach says long-term rates headed higher as recession risks recede CNBC - 8:11AM Home Depot forecasts 2020 sales growth below expectations Today's Rates Best Execution Rate Change 30 Yr FRM 3.76% -0.03 15 Yr FRM 3.41% -0.03 FHA 30 Year Fixed 3.36% -0.03 Jumbo 30 Year Fixed 3.86% -0.03 5/1 Yr ARM 3.45% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.99% 0.33 -0.04 15 Yr. Fixed 3.40% 0.31 -0.03 30 Yr. Jumbo 3.93% 0.28 -0.05 30 Yr. FHA 3.80% 0.32 -0.05 5/1 ARM 3.51% 0.23 +0.11 Freddie Mac ** 30 Yr. Fixed 3.68% 0.50 +0.02 15 Yr. Fixed 3.14% 0.40 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.39% 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 3.0 101.25 +0.08 30YR FNMA 3.5 102.69 +0.11 30YR GNMA 3.0 102.70 +0.16 30YR GNMA 3.5 103.63 +0.03 15YR FNMA 3.0 102.31 +0.11 15YR FNMA 2.5 100.73 +0.13 Treasuries Yield Change 2 YR 1.6417% -0.0120 5 YR 1.6711% -0.0148 10 YR 1.8139% -0.0277 30 YR 2.2320% -0.0333 Prices as of: 12/11/2019 12:37PM 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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