Daily Newsletter: Fannie/Freddie Post Healthy Profits; Rates at New 7-Year Highs After Jobs Report

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30 Year Fixed 5.04%   +0.07 15 Year Fixed 4.52%   +0.06 10YR Treasury 3.22%   +0.0857 FNMA 30YR 3.5 96.86   -0.59 FNMA 15YR 2.5 97.78   -0.44 View Today's Rates

Friday November 2, 2018 Mortgage Rate Watch - 6:25PM Mortgage Rates Rise Sharply to Fresh 7-Year Highs Mortgage rates had a bad week and an especially bad day following a much stronger-than-expected jobs report. The Employment Situation (the most important piece of labor market data ... MND NewsWire - 10:12AM Fannie/Freddie Post Healthy Profits, Resume Full Dividend Payments Both of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, which remain in government receivership ten years after the housing crisis, posted strong financial ... Pipeline Press - 9:15AM Subservicing Products; Lender Disaster News; Non-QM Securitization Many states “gain an hour” Sunday morning by setting clocks back. Robots don’t care what time it is - will they build your next house? Companies like Modular Home ... MBS Commentary - 8:26AM MBS Day Ahead: Here Comes the Jobs Report This morning brings the often-important jobs report. Traditionally, the key component has been nonfarm payrolls (NFP), which is just a tally of new jobs created during the past month ... Multifamily Construction Boosts Residential Spending Numbers Affordability Now Biggest Concern as Metro Home Prices Rise Latest Video Fed cannot not hike right now: Bob Pisani Fed will see strong job numbers as reason to continue tightening, says strategist US economy added 250,000 jobs in October More News from 'Around the Web' www.realtor.com - 4:53PM What's 8 Feet Wide and Has an Elevator? Manhattan's Tiniest Fancy Townhouses Calculated Risk Blog - 4:53PM October Vehicles Sales: 17.5 Million Bloomberg - 2:57PM Mortgage-Bond Carnage Shows What the Future Holds Without Fed Help Bloomberg - 2:27PM El-Erian Sees Higher Potential Growth in October Jobs Report Bloomberg - 1:50PM RBC's Porcelli Sees Four Fed Hikes in 2019 Amid Tangible Wage Growth CNBC - 1:23PM The salary you need to afford a home in the 14 biggest US cities Reuters - 12:55PM Europe focuses on growth, Fed to follow mid-terms CNBC - 12:00PM Grappling with an acute labor shortage, the construction industry is being forced to get creative Calculated Risk Blog - 11:11AM Comments on October Employment Report CNBC - 9:49AM US Treasury yields jump after better-than-expected jobs report eyeonhousing.org - 9:49AM 30-Year Mortgage Rate Continued to Increase in September CNBC - 8:41AM US trade deficit rises more than expected CNBC - 8:33AM US created 250,000 jobs in Oct, vs 190,000 jobs expected www.brookings.edu - 8:24AM Finding the business case for shared prosperity www.nytimes.com - 7:59AM Jobs Report for October: Here's What to Watch For Bloomberg - 7:57AM Global Bonds Drop After Stocks Jump on Trump's China Trade Talks Today's Rates Best Execution Rate Change 30 Yr FRM 5.04% +0.07 15 Yr FRM 4.52% +0.06 FHA 30 Year Fixed 4.55% +0.09 Jumbo 30 Year Fixed 4.54% +0.08 5/1 Yr ARM 4.60% +0.10 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.15% 1.16 -0.02 30 Yr. Fixed 4.78% 1.15 +0.01 MBA ** 30 Yr. Fixed 4.96% 0.49 -0.01 15 Yr. Fixed 4.39% 0.50 +0.01 30 Yr. Jumbo 4.93% 0.31 +0.01 30 Yr. FHA 4.95% 0.80 +0.01 5/1 ARM 4.24% 0.48 +0.02 Freddie Mac ** 30 Yr. Fixed 4.83% 0.50 -0.03 15 Yr. Fixed 4.23% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.04% 0.30 -0.10 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 94.03 -0.69 30YR FNMA 3.5 96.86 -0.59 30YR GNMA 3.0 95.13 -0.64 30YR GNMA 3.5 97.70 -0.56 15YR FNMA 3.0 97.78 -0.44 15YR FNMA 2.5 95.34 -0.47 Treasuries Yield Change 2 YR 2.9115% +0.0650 5 YR 3.0416% +0.0802 10 YR 3.2198% +0.0857 30 YR 3.4621% +0.0861 Prices as of: 11/2/2018 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Rates Actually Higher This Week; Affordability is Biggest Concern; Multifam Building Buoys Construction Spending

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30 Year Fixed 4.97%   +0.00 15 Year Fixed 4.46%   +0.00 10YR Treasury 3.13%   -0.0151 FNMA 30YR 3.5 97.45   +0.11 FNMA 15YR 2.5 98.20   +0.06 View Today's Rates

Thursday November 1, 2018 Mortgage Rate Watch - 4:12PM Mortgage Rates Are Actually a Bit Higher This Week It's Thursday! That means it's time, once again, to set the record straight on today's actual mortgage rates as opposed to those suggested by almost any other news article on the topic ... MND NewsWire - 11:23AM Affordability Now Biggest Concern as Metro Home Prices Rise Single family home prices increased during the third quarter of 2018 in 93 percent or 166 of the 178 metropolitan areas tracked by the National Association of Realtors ® (NAR). ... MND NewsWire - 1:24PM Multifamily Construction Boosts Residential Spending Numbers Construction spending in September was largely unchanged from where it was in August. The U.S. Census Bureau said that private and public sector spending during the month was at a seasonally ... MBS Commentary - 8:37AM MBS Day Ahead: 2 Ways Bonds Are Preparing For The Next Big Move Bonds have either trying to position themselves in a relatively defensive, pessimistic stance heading into upcoming key events, or their staging on the edge of some important technical ... Jobs; Branding Study; Disaster Advice and Research; Servicing Package For Sale Coincidence? A Zombie Foreclosure Report in Late October Latest Video 1 million additional workers every year needed to add 0.5% to GDP Home flippers flee market Santelli Exchange: Slow productivity growth and higher wages More News from 'Around the Web' Reuters - 4:39PM Apple gives cautious sales forecast amid weakness in emerging markets ir.pennymacfinancial.com - 4:39PM PennyMac Financial Services, Inc. Reports Third Quarter 2018 Results and Completes Corporate Reorganization CNBC - 4:11PM A rocky October for stocks meant a record month for bond ETF trading Bloomberg - 4:11PM CEO in Real Estate Ponzi Scheme Fined $120 Million by SEC CNBC - 3:20PM The big number from the October jobs report could be bad news for the market CNBC - 3:20PM Home flippers are fleeing the market as their profits shrink Calculated Risk Blog - 11:49AM Construction Spending increased slightly in September eyeonhousing.org - 10:44AM Builder Confidence in the 55+ Housing Market Drops in the Third Quarter Calculated Risk Blog - 10:15AM ISM Manufacturing index decreased to 57.7 in October CNBC - 8:28AM Bank of England holds rates steady amid Brexit uncertainty CNBC - 8:05AM BTIG strategist sees 2 dangers for market: Fed hikes, worsening US-China relations Reuters - 8:01AM Signs of relief emerge for battered U.S. homebuilding stocks Today's Rates Best Execution Rate Change 30 Yr FRM 4.97% +0.00 15 Yr FRM 4.46% +0.00 FHA 30 Year Fixed 4.46% +0.01 Jumbo 30 Year Fixed 4.46% +0.02 5/1 Yr ARM 4.50% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.15% 1.16 -0.02 30 Yr. Fixed 4.78% 1.15 +0.01 MBA ** 30 Yr. Fixed 4.96% 0.49 -0.01 15 Yr. Fixed 4.39% 0.50 +0.01 30 Yr. Jumbo 4.93% 0.31 +0.01 30 Yr. FHA 4.95% 0.80 +0.01 5/1 ARM 4.24% 0.48 +0.02 Freddie Mac ** 30 Yr. Fixed 4.83% 0.50 -0.03 15 Yr. Fixed 4.23% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.04% 0.30 -0.10 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 94.70 +0.13 30YR FNMA 3.5 97.45 +0.11 30YR GNMA 3.0 95.73 +0.09 30YR GNMA 3.5 98.27 +0.09 15YR FNMA 3.0 98.20 +0.06 15YR FNMA 2.5 95.80 +0.05 Treasuries Yield Change 2 YR 2.8465% -0.0244 5 YR 2.9597% -0.0186 10 YR 3.1341% -0.0151 30 YR 3.3795% -0.0167 Prices as of: 11/1/2018 4:56PM 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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