Daily Newsletter: Rates Very Close to 1-Month Lows; Refi Demand Picking Up; "Gig Economy" and Homeownership

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30 Year Fixed 3.96%   -0.04 15 Year Fixed 3.31%   -0.03 10YR Treasury 2.34%   -0.0124 FNMA 30YR 3.5 102.88   +0.09 FNMA 15YR 2.5 102.00   +0.03 View Today's Rates

Wednesday December 6, 2017 Mortgage Rate Watch - 4:48PM Mortgage Rates Very Close to 1-Month Lows Mortgage rates moved noticeably lower today as bond market improved for the 2nd day in a row--the first time that's happened since early November (when it comes to the bonds that relate ... MND NewsWire - 8:34AM Refi Demand Highest in Months Despite Fairly Flat Rates There was the usual post-holiday resurgence in the volume of mortgage applications last week, following a subdued level of activity the previous week which was shortened by the Thanksgiving ... MND NewsWire - 12:31PM Gig Workers Less Enthusiastic About Homeownership "Gig," a term that used to refer mostly to a musician's booking, is now being used to describe a whole sector of the U.S. economy. Fannie Mae defines it, rather narrowly we think, as ... MBS Commentary - 9:43AM MBS Day Ahead: This Week's Rally Further Stretches a Bond Market Slingshot Consolidating, biding time, coiling, storing energy, etc... Over the years on MBS Live and elsewhere, you may have come into several iterations of this same concept. It occurs when ... Tech Products and a Flattening Yield Curve Entry-Level Homes Driving Price Appreciation Latest Video Robert Shiller on GOP tax plan and home prices Thousands evacuated as California wildfires grow SunTrust CEO: We want regulations 'tailored to a bank's risk profile' More News from 'Around the Web' CNBC - 4:07PM Senate votes to start talks with the House on striking a tax deal CNBC - 3:41PM Hot housing stocks are cooling off, and there could be more trouble ahead news.gallup.com - 3:41PM Impact of Tax Cuts Viewed Mostly Through Partisan Lens Reuters - 3:41PM Home Depot sets $15 billion share buyback, investment plan www.consumerfinancemonitor.com - 2:03PM Second lawsuit filed challenging Mulvaney's appointment as CFPB Acting Director Calculated Risk Blog - 2:03PM 2018 Housing Forecasts Reuters - 2:03PM California fires force evacuation in exclusive L.A. area Reuters - 2:03PM Senate poised for vote on tax bill negotiations with House Calculated Risk Blog - 10:49AM Las Vegas Real Estate in November: Sales up Slightly YoY, Inventory down 33% Reuters - 10:15AM U.S. unit labor costs decline for two straight quarters Calculated Risk Blog - 9:51AM ADP: Private Employment increased 190,000 in November www.npr.org - 8:20AM Homeless Population Rises, Driven By West Coast Affordable-Housing Crisis www.realtor.com - 8:19AM Millennials Are Taking Over Real Estate—but They're Going Deeper Into Debt, Too CNBC - 8:19AM Private payrolls up 190,000; economist Zandi warns job market could 'overheat' Washington Post - 8:18AM Changes in tax law may prompt homeowners to move to other states Today's Rates Best Execution Rate Change 30 Yr FRM 3.96% -0.04 15 Yr FRM 3.31% -0.03 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 4.13% -0.03 5/1 Yr ARM 3.19% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.22 -0.02 30 Yr. Fixed 4.14% 1.32 -0.01 MBA ** 30 Yr. Fixed 4.06% 0.38 -0.05 15 Yr. Fixed 3.34% 0.38 -0.02 30 Yr. Jumbo 3.96% 0.20 -0.04 30 Yr. FHA 3.98% 0.35 -0.04 5/1 ARM 3.14% 0.31 -0.12 Freddie Mac ** 30 Yr. Fixed 3.90% 0.50 -0.05 15 Yr. Fixed 3.30% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.32% 0.30 +0.11 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 3.0 100.13 +0.08 30YR FNMA 3.5 102.88 +0.09 30YR GNMA 3.0 100.95 +0.02 30YR GNMA 3.5 103.70 +0.09 15YR FNMA 3.0 102.00 +0.03 15YR FNMA 2.5 99.98 +0.06 Treasuries Yield Change 2 YR 1.8104% -0.0120 5 YR 2.1262% -0.0183 10 YR 2.3403% -0.0124 30 YR 2.7269% -0.0077 Prices as of: 12/6/2017 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

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Daily Newsletter: Entry-Level Homes Driving Price Appreciation; Mortgage Rates Steady to Lower

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30 Year Fixed 4.00%   +0.00 15 Year Fixed 3.34%   +0.00 10YR Treasury 2.35%   -0.0196 FNMA 30YR 3.5 102.78   +0.09 FNMA 15YR 2.5 101.97   +0.06 View Today's Rates

Tuesday December 5, 2017 Mortgage Rate Watch - 4:58PM Mortgage Rates Steady to Lower Mortgage rates were more intuitive today with most lenders keeping things unchanged at first. This matched the movement in underlying bond markets, where today's trading levels in the ... MND NewsWire - 10:58AM Entry-Level Homes Driving Price Appreciation CoreLogic said on Tuesday that home prices rose in October by 0.9 percent compared to September and were 7.0 percent higher than 12 months earlier. These increases are identical to ... MBS Commentary - 9:20AM MBS Day Ahead: For Bonds, Year-End is Looking Like One Big November A sideways range with higher lows and lower highs... The risk of p eriodic volatility regardless of economic data's suggestion... A certain portion of traders making certain trades ... Pipeline Press - 9:19AM Freddie and Fannie Changes from Agencies, Investors, and Lenders It’s good to keep things in perspective, and here’s some Tuesday trivia. Today, 2 billion adults around the world remain without a bank account, including my ne’er ... 60-Day Delinquency Rate Doubles in Hurricane-Impacted Areas Tax Bill Housing Impact Worse than You Thought (Maybe) Latest Video Protests erupt on Capitol Hill over tax bill Final tax reform bill to be closer to Senate version than House: Goldman Sachs chief economist Senate Banking Committee marking up bill to ease bank regulations More News from 'Around the Web' CNBC - 5:13PM Tax bill will make home prices plunge, says NJ congressman Bloomberg - 5:13PM Dalio Says End of SALT Deduction Will Further Divide Nation CNBC - 5:12PM CEOs don't expect to hire more, even as they expect sales to grow www.consumerfinancemonitor.com - 5:11PM Court enters scheduling order in CFPB Acting Director dispute www.realtor.com - 3:13PM The Most Overvalued Housing Markets Aren't the Ones You'd Expect CNBC - 3:13PM Trump says GOP tax plan is becoming 'more popular.' It is still deeply unpopular, polls say www.realtor.com - 3:12PM Cutting Principal Didn't Help Struggling Home Owners—but Here's What Did www.wsj.com - 1:51PM Want That House? You'd Better Pay in Cash CNBC - 1:50PM Blackstone's Schwarzman on tax reform: 'This is a whopper' freddiemac.mwnewsroom.com - 11:42AM Freddie Mac December Insight Calculated Risk Blog - 11:21AM Trade Deficit at $48.7 Billion in October CNBC - 10:23AM Key Senate panel recommends Jerome Powell for Federal Reserve chair CNBC - 10:04AM ISM non-manufacturing index hits 57.4 in November, vs. 59 estimate news.gallup.com - 9:41AM Confidence in the U.S. Economy Remains Relatively Strong Bloomberg - 9:22AM Bonds Are Telling US Stock Bulls to Temper Their Enthusiasm eyeonhousing.org - 8:52AM The Geography of Homes Built on Private Wells and with Individual Septic Systems in 2016 CNBC - 8:52AM Final GOP tax bill will likely scrap Obamacare individual mandate, top House tax writer Brady says CNBC - 8:52AM US trade deficit rises to 9-month high in October www.npr.org - 8:15AM South Florida Real Estate Boom Not Dampened By Sea Level Rise Washington Post - 8:05AM Survey: Many first-time home buyers lack basic knowledge about mortgages Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% +0.00 15 Yr FRM 3.34% +0.00 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 4.16% -0.01 5/1 Yr ARM 3.20% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.22 -0.02 30 Yr. Fixed 4.14% 1.32 -0.01 MBA ** 30 Yr. Fixed 4.06% 0.38 -0.05 15 Yr. Fixed 3.34% 0.38 -0.02 30 Yr. Jumbo 3.96% 0.20 -0.04 30 Yr. FHA 3.98% 0.35 -0.04 5/1 ARM 3.14% 0.31 -0.12 Freddie Mac ** 30 Yr. Fixed 3.90% 0.50 -0.05 15 Yr. Fixed 3.30% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.32% 0.30 +0.11 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 3.0 100.05 +0.09 30YR FNMA 3.5 102.78 +0.09 30YR GNMA 3.0 100.94 -0.06 30YR GNMA 3.5 103.61 -0.03 15YR FNMA 3.0 101.97 +0.06 15YR FNMA 2.5 99.92 +0.09 Treasuries Yield Change 2 YR 1.8224% +0.0121 5 YR 2.1445% +0.0017 10 YR 2.3527% -0.0196 30 YR 2.7323% -0.0300 Prices as of: 12/5/2017 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

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