Daily Newsletter: Rates Fall to 2017 Lows After Jobs Report; Dodd-Frank Provisions on Chopping Block

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.98%   -0.04 15 Year Fixed 3.24%   -0.03 10YR Treasury 2.16%   -0.0593 FNMA 30YR 3.5 103.38   +0.23 FNMA 15YR 2.5 103.19   +0.13 View Today's Rates

Friday June 2, 2017 Mortgage Rate Watch - 5:49PM Rates Fall to 2017 Lows After Jobs Report Mortgage rates moved convincingly lower today following weaker-than-expected employment data from the Labor Department. The big "jobs report" showed only 138k new nonfarm payrolls ... MND NewsWire - 2:22PM Many Dodd-Frank Provisions May Be on House Chopping Block Next Week House Majority Leader Kevin McCarthy (R-CA) has told reporters he expects a full House vote next week on H.R. 10, The Financial Choice Act which was voted out of the Financial Services ... Pipeline Press - 8:50AM Credit Guideline Changes; Jumbo Secondary Market News In celebration of National Doughnut, or Donut, Day, let’s talk about a subset of real estate agents. The typical Realtor , and there are 1.2 million of them in NAR, is a 53-year ... MBS Commentary - 8:32AM MBS Day Ahead: All About NFP, But a Meaningful Reaction Might be Tough Today's only significant data point will be NFP, which is the most significant piece of scheduled economic data every month! When the economy is in a state of change, NFP becomes an ... Fannie Mae's Portfolio Rises 2% YTD Single Family Sector is Rare Winner in Construction Spending Report Latest Video Yields move lower on jobs number We do expect a hike at the June meeting: Economist Fed hike probability 91% More News from 'Around the Web' Market Watch - 4:23PM U.S. stocks close at record for second session in a row Calculated Risk Blog - 4:22PM Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama, Trump Market Watch - 4:21PM Bonds and the stock market are rallying at the same time, and it's befuddling investors Bloomberg - 1:16PM El-Erian Says Liquidity Trade Replaced Trump as Market Catalyst - Bloomberg CNBC - 12:47PM Fed's Harker still sees three rate hikes this year, calls May payrolls number 'good' CNBC - 11:04AM Weak May jobs growth raises doubts about how much Fed can raise interest rates this year CNBC - 10:12AM We just found out the Fed's rate path may be too aggressive, ex-Obama advisor Goolsbee says Reuters - 9:15AM Traders keep bets on June rate hike after jobs report CNBC - 9:06AM The government says unemployment fell to 4.3% in May, but here's a more realistic rate www.npr.org - 8:37AM May Jobs Report: 138,000 More On Payrolls; Unemployment Dips Slightly CNBC - 8:28AM Trump allies push new Fannie and Freddie reform plan Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% -0.04 15 Yr FRM 3.24% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.27% -0.04 5/1 Yr ARM 3.04% -0.05 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.06% 1.30 +0.03 30 Yr. Fixed 3.76% 1.38 +0.03 MBA ** 30 Yr. Fixed 4.41% 0.38 +0.13 15 Yr. Fixed 3.64% 0.34 +0.12 30 Yr. Jumbo 4.36% 0.26 +0.07 30 Yr. FHA 4.15% 0.29 +0.13 5/1 ARM 3.45% 0.26 +0.17 Freddie Mac ** 30 Yr. Fixed 3.94% 0.50 -0.01 15 Yr. Fixed 3.19% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.11% 0.50 +0.04 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 3.0 100.72 +0.34 30YR FNMA 3.5 103.38 +0.23 30YR GNMA 3.0 102.05 +0.33 30YR GNMA 3.5 104.25 +0.09 15YR FNMA 3.0 103.19 +0.13 15YR FNMA 2.5 101.06 +0.14 Treasuries Yield Change 2 YR 1.2899% -0.0078 5 YR 1.7204% -0.0427 10 YR 2.1591% -0.0593 30 YR 2.8100% -0.0541 Prices as of: 6/2/2017 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. © 2017 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Daily Newsletter: Rates Edge Higher Ahead of Jobs Data; Fannie's Portfolio Increases; Rare Win For Single-Fam Construction

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 4.02%   +0.02 15 Year Fixed 3.27%   +0.01 10YR Treasury 2.22%   +0.0104 FNMA 30YR 3.5 103.14   -0.08 FNMA 15YR 2.5 103.05   -0.05 View Today's Rates

Thursday June 1, 2017 Mortgage Rate Watch - 2:54PM Rates Edge Higher Ahead of Jobs Report Mortgage rates gave back yesterday's gains this morning following a stronger-than-expected employment report from ADP. While this is not the week's biggest jobs report, investors view ... MND NewsWire - 11:41AM Fannie Mae's Portfolio Rises 2% YTD Fannie Mae said on Wednesday that its Book of Business increased at a compounded annual rate of 1.3 percent in April to a value of $3.164 trillion. The Book has increased by 1.9 percent ... MND NewsWire - 10:55AM Single Family Sector is Rare Winner in Construction Spending Report The total amount of construction put in place nationally fell in April, but continues at a pace higher than at the same point in 2016. The U.S. Census Bureau puts the seasonally adjusted ... Pipeline Press - 9:02AM Collateral and Appraisal News - Fed Addresses Delays Some may have the perception that no MI company has ever paid a claim, which isn’t true. USMI, the trade group for the majority of MIs, states that MI companies have paid over ... MBS Day Ahead: Bonds Teetering Between Trends Selling a Home Costs Money Too Latest Video May ISM manufacturing index at 54.9 vs. 55 (est.) ADP reports payrolls up 253K in May Larry Summers: Inflation direction 'interesting' and deserves Fed attention More News from 'Around the Web' www.consumerfinancemonitor.com - 2:49PM CFPB May 2017 complaint report highlights complaints from older consumers Calculated Risk Blog - 2:49PM May Employment Preview www.gallup.com - 2:48PM Gallup Good Jobs Rate Rises in May www.realtor.com - 1:45PM Mortgage Rates Slide to Fresh 2017 Low as Inflation Slips Through Fed's Fingers Bloomberg - 1:31PM Here's What the Fed Will Be Watching for in the Jobs Report Bloomberg - 1:08PM Paulson, Blackstone Said to Back Plan for Freeing Fannie-Freddie Calculated Risk Blog - 12:10PM Construction Spending decreased in April Bloomberg - 11:56AM U.S. Homes Are Finally Shrinking - Bloomberg CNBC - 10:49AM Changes coming to bank stress tests, Fed's Powell says Calculated Risk Blog - 10:11AM ISM Manufacturing index increased to 54.9 in May freddiemac.mwnewsroom.com - 10:11AM 30-Year Fixed Mortgage Rate Moves Lower Reuters - 9:03AM U.S. private sector adds 253,000 jobs in May: ADP CNBC - 9:03AM US jobless claims rose to 248,000 last week CNBC - 8:23AM Job growth 'rip-roaring' in May on boom in construction, services: ADP CNBC - 8:14AM Bond market's recession warning is at odds with the stock market trading near all-time highs Today's Rates Best Execution Rate Change 30 Yr FRM 4.02% +0.02 15 Yr FRM 3.27% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.31% +0.02 5/1 Yr ARM 3.09% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.06% 1.30 +0.03 30 Yr. Fixed 3.76% 1.38 +0.03 MBA ** 30 Yr. Fixed 4.41% 0.38 +0.13 15 Yr. Fixed 3.64% 0.34 +0.12 30 Yr. Jumbo 4.36% 0.26 +0.07 30 Yr. FHA 4.15% 0.29 +0.13 5/1 ARM 3.45% 0.26 +0.17 Freddie Mac ** 30 Yr. Fixed 3.94% 0.50 -0.01 15 Yr. Fixed 3.19% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.11% 0.50 +0.04 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 3.0 100.36 -0.09 30YR FNMA 3.5 103.14 -0.08 30YR GNMA 3.0 101.72 -0.11 30YR GNMA 3.5 104.17 -0.06 15YR FNMA 3.0 103.05 -0.05 15YR FNMA 2.5 100.91 -0.06 Treasuries Yield Change 2 YR 1.2977% +0.0119 5 YR 1.7648% +0.0115 10 YR 2.2167% +0.0104 30 YR 2.8703% +0.0039 Prices as of: 6/1/2017 3:57PM 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. © 2017 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.