MBS RECAP: No Love For Bonds at Month-End

Before you read it here, it was on MBS Live.

28-Day Free Trial

Posted to: MBS Commentary
Wednesday, October 31, 2018 4:13 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

Bonds ended the day in weaker territory with 10yr yields rising roughly 3bps and Fannie 4.0 MBS losing nearly a quarter of a point.

Much like yesterday, bonds lost most of their ground in the overnight session. Much like yesterday, an absence of drama in equities markets gave way to bond losses. Taken together with the last 4 trading sessions, bonds look as though they’re bouncing at 10yr yield levels near 3.06. In that sense, today’s modest weakness offers another bit of confirmation for that bounce. The counterpoint is that yields seemed similarly…

(READ THE FULL POST)

More from MND:

• MND NewsWire: Coincidence? A Zombie Foreclosure Report in Late October
• Mortgage Rate Watch: Mortgage Rates Keep Edging Higher as Stocks Recover
• MBS Commentary: MBS Day Ahead: This is Becoming a Scary Week For Bonds
• Pipeline Press: Sales and LO Jobs; Vendor News; Current Rates and the Economy
• MND NewsWire: After Brief Reprieve, Mortgage Apps Resume Downward Path

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/882561.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Daily Newsletter: Scary Week For Bonds; Zombie Foreclosures; No Puns Intended

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

30 Year Fixed 4.97% +0.01 15 Year Fixed 4.46% +0.01 10YR Treasury 3.15% +0.0322 FNMA 30YR 3.5 97.31 -0.23 FNMA 15YR 2.5 98.14 -0.13 View Today’s Rates

Wednesday October 31, 2018 MND NewsWire – 4:19PM Coincidence? A Zombie Foreclosure Report in Late October While they are talking apples and oranges, both the U.S. Census Bureau and ATTOM Data Solutions each took a recent look at residential vacancies . The Census Bureau’s quarterly report … Mortgage Rate Watch – 3:29PM Mortgage Rates Keep Edging Higher as Stocks Recover Mortgage rates were higher by a fairly small margin once again today. Interest rates in general (which are determined by the bond market) have been taking most of their cues from recent … MBS Commentary – 9:18AM MBS Day Ahead: This is Becoming a Scary Week For Bonds The title of this commentary is not a Halloween pun . I don’t do Halloween puns anymore. No, there is some legitimate cause for concern–even a bit of fear–in the bond market movement … MND NewsWire – 8:10AM After Brief Reprieve, Mortgage Apps Resume Downward Path After posting the first across-the-board volume increases in almost a month during the week ended October 19, activity reversed last week, and the seasonally adjusted Market Composite … Sales and LO Jobs; Vendor News; Current Rates and the Economy Weakening Home Prices Are Not a Signal for 2008 Reboot Latest Video Raising interest rates is healthy for the economy, says Sam Zell Yellen: A couple more rates hikes are necessary Southern California home sales plummet More News from ‘Around the Web’ CNBC – 2:59PM San Francisco Bay area home sales suffer their slowest September in 11 years http://www.realtor.com – 12:51PM American Homeownership Increases Again as Housing Market Looks for Balance http://www.consumerfinancemonitor.com – 12:49PM CFPB Revises HMDA Small Entity Compliance Guide Reuters – 11:19AM Robust earnings boost equity markets after brutal month Bloomberg – 11:19AM Treasury Lifts Long-Term Debt Sales for Fourth-Straight Quarter Reuters – 11:18AM U.S. Federal Reserve unveils proposal to ease regulations for larger banks eyeonhousing.org – 10:10AM Community Associations Continue to Rise Bloomberg – 9:53AM Foreigners Like U.S. Debt as Much as They Ever Have CNBC – 9:46AM Wages and salaries jump by 3.1%, highest level in a decade CNBC – 9:45AM The problem with housing is prices have recovered but demand hasn’t: Real estate mogul Sam Zell CNBC – 8:24AM ‘Robust’ jobs market sees another 227,000 hires in October CNBC – 8:11AM Yellen says rising deficit is unsustainable: ‘If I had a magic wand, I would raise taxes’ Bloomberg – 8:03AM Janet Yellen Says She’s Concerned About Trump Undermining Trust in Fed Reuters – 8:02AM Yields steady, volume low with spate of data ahead Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 4.97% +0.01 15 Yr FRM 4.46% +0.01 FHA 30 Year Fixed 4.45% +0.01 Jumbo 30 Year Fixed 4.44% +0.04 5/1 Yr ARM 4.48% +0.02 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 ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 4.86% 0.50 +0.01 15 Yr. Fixed 4.29% 0.40 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.14% 0.30 +0.04 Secondary Markets MBS Price Change 30YR FNMA 3.0 94.56 -0.23 30YR FNMA 3.5 97.31 -0.23 30YR GNMA 3.0 95.64 -0.20 30YR GNMA 3.5 98.16 -0.19 15YR FNMA 3.0 98.14 -0.13 15YR FNMA 2.5 95.72 -0.16 Treasuries Yield Change 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 2 YR 2.8750% +0.0243 5 YR 2.9834% +0.0322 10 YR 3.1511% +0.0322 30 YR 3.3962% +0.0369 Prices as of: 10/31/2018 4:18PM EST

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

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.

Coincidence? A Zombie Foreclosure Report in Late October

Posted to: MND NewsWire
Wednesday, October 31, 2018 9:32 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

While they are talking apples and oranges, both the U.S. Census Bureau and ATTOM Data Solutions each took a recent look at residential vacancies. The Census Bureau’s quarterly report on Residential Vacancies and Homeownership noted a decline in the incidence of rental property vacancies and a stable situation among owned properties while ATTOM was concerned primarily with what they call “zombie” foreclosures, homes that fall vacant during the foreclosure process.

The Census Bureau puts the vacancy rate for rental housing at 7.1 percent in the third quarter of this year, down from 7.5 percent last year, while the homeowner vacancy rate, at 1.6 percent was identical year-over-year. The report estimates a total of 138.6 million housing units nationwide, 121.354 million or 87.6 percent of which are occupied. Of the 121.4 million occupied units, 78.1 million are owner units and 43.3 million are rentals. The number of residential units nationwide increased by 1.1 million between the third quarter of 2017 and the most recent period.

(READ THE FULL POST)

More from MND:

• Mortgage Rate Watch: Mortgage Rates Keep Edging Higher as Stocks Recover
• MBS Commentary: MBS Day Ahead: This is Becoming a Scary Week For Bonds
• Pipeline Press: Sales and LO Jobs; Vendor News; Current Rates and the Economy
• MND NewsWire: After Brief Reprieve, Mortgage Apps Resume Downward Path
• MBS Commentary: MBS RECAP: Bonds Slightly Less Interested in Stocks, For Better or Worse

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/10312018_homeownership_and_vacancies.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Daily Rate Update: Mortgage Rates Keep Edging Higher as Stocks Recover

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

30 Year Fixed 4.97% +0.01 15 Year Fixed 4.46% +0.01 10YR Treasury 3.15% +0.0322 FNMA 30YR 3.5 97.33 -0.22 FNMA 15YR 2.5 98.14 -0.13 View Today’s Rates

Mortgage Rates Keep Edging Higher as Stocks Recover October 31, 2018 Mortgage rates were higher by a fairly small margin once again today. Interest rates in general (which are determined by the bond market) have been taking most of their cues from recent stock market volatility. That’s not always the way it works, but it’s the way things have been in the wake of the big stock losses seen on several occasions in recent weeks. Now, as stocks begin to stabilize and move higher, rates have felt some pressure to do the same. Unfortunately, in relative terms, the recent drop in rates hasn’t even come close to matching the move in stocks. Simply put, the bond market is reluctant to improve too much without more substantial justification. Such justification could take the shape of even bigger stock losses, or more realistically, weaker economic data. To that end, the last two days of the week bring the most important economic reports with Friday’s jobs report being the biggest ticket. Today’s Most Prevalent Rates 30YR FIXED – 4.875-5.0% FHA/VA – 4.5% 15 YEAR FIXED – 4.5% 5 YEAR ARMS – 4.25%-4.75% depending on the lender Ongoing Lock/Float Considerations Rates continue coping with several big-picture headwinds, including: the Fed’s rate hike outlook (and general policy tightening), the increased amount of Treasury issuance to pay for the tax bill (higher bond issuance = higher rates), and the possibility that fiscal stimulus results in higher growth/inflation (which certainly seems to be the case so far in 2018). While rates were able to recover and stay sideways in the summer months, September and October have seen a surge up to the highest levels in more than 7 years. Upward pressure can continue as long as economic growth and inflation continue running near long-term highs. Stay defensive (i.e. generally more lock-biased). It will take a big change in economic fundamentals or geopolitical risk for the big picture to change. Such things tend to not happen as quickly as we’d like. Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders. The rates generally assume little-to-no origination or discount except as noted when applicable. Rates appearing on this page are “effective rates” that take day-to-day changes in upfront costs into consideration. 30 Year Fixed Rate Mortgage 15 Year Fixed Rate Mortgage Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 4.97% +0.01 15 Yr FRM 4.46% +0.01 FHA 30 Year Fixed 4.45% +0.01 Jumbo 30 Year Fixed 4.44% +0.04 5/1 Yr ARM 4.48% +0.02 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 ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 4.86% 0.50 +0.01 15 Yr. Fixed 4.29% 0.40 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.14% 0.30 +0.04 Secondary Markets MBS Price Change 30YR FNMA 3.0 94.55 -0.25 30YR FNMA 3.5 97.33 -0.22 30YR GNMA 3.0 95.64 -0.20 30YR GNMA 3.5 98.14 -0.20 15YR FNMA 3.0 98.14 -0.13 15YR FNMA 2.5 95.72 -0.16 Treasuries Yield Change 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 2 YR 2.8750% +0.0243 5 YR 2.9834% +0.0322 10 YR 3.1511% +0.0322 30 YR 3.3962% +0.0369 Prices as of: 10/31/2018 4:18PM EST

About This Report Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.

© 2018 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

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 presented in this report are averages and are subject to change without notice. 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.

MBS Day Ahead: This is Becoming a Scary Week For Bonds

Before you read it here, it was on MBS Live.

28-Day Free Trial

Posted to: MBS Commentary
Wednesday, October 31, 2018 9:18 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

The title of this commentary is not a Halloween pun. I don’t do Halloween puns anymore. No, there is some legitimate cause for concern–even a bit of fear–in the bond market movement seen so far this week. This movement wouldn’t be much to look at in and of itself, but it’s when we compare it to moves in equities markets that the fear starts to set in.

What am I talking about? Really, the same thing I’ve brought up a few times since Monday morning when I noted that bond yields were unwilling to move to new lows on Monday despite stocks making new lows for…

(READ THE FULL POST)

More from MND:

• Pipeline Press: Sales and LO Jobs; Vendor News; Current Rates and the Economy
• MND NewsWire: After Brief Reprieve, Mortgage Apps Resume Downward Path
• MBS Commentary: MBS RECAP: Bonds Slightly Less Interested in Stocks, For Better or Worse
• MND NewsWire: Freddie Sees Home Sales Regaining Momentum in 2019
• Mortgage Rate Watch: Mortgage Rates Edge Higher

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/882447.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Sales and LO Jobs; Vendor News; Current Rates and the Economy

Posted to: Pipeline Press
Wednesday, October 31, 2018 8:24 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

“The best part about Halloween is that the cobwebs in my house look like decorations.” For perhaps a morning, the focus for lenders has shifted away from cash flow and recruiting to who will win the yearly Halloween costume contest. The usual favorite (IT – Minions) or the long-shot shipping department (Ninja Turtles)? Perhaps accounting (The Pricing is Right!) or underwriting (Game of Thrones)? Compliance and QC departments have been gutted, but their Baywatch entries turned heads in the past. Or perhaps the dark horse: Capital Markets as One Direction. So much intrigue!

(READ THE FULL POST)

More from MND:

• MND NewsWire: After Brief Reprieve, Mortgage Apps Resume Downward Path
• MBS Commentary: MBS RECAP: Bonds Slightly Less Interested in Stocks, For Better or Worse
• MND NewsWire: Freddie Sees Home Sales Regaining Momentum in 2019
• Mortgage Rate Watch: Mortgage Rates Edge Higher
• MND NewsWire: Weakening Home Prices Are Not a Signal for 2008 Reboot

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/pipelinepress/10312018-mortgage-rates.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

After Brief Reprieve, Mortgage Apps Resume Downward Path

Posted to: MND NewsWire
Wednesday, October 31, 2018 6:42 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

After posting the first across-the-board volume increases in almost a month during the week ended October 19, activity reversed last week, and the seasonally adjusted Market Composite Index declined 2.5 percent. The index, produced by the Mortgage Bankers Association, lost 3 percent on an unadjusted basis. The MBA’s Refinance Index was down by 4 percent during the week ended October 26, the fourth negative report in the last five weeks, and the share of applications that were for refinancing decreased to 39.4 percent from 39.8 percent.

(READ THE FULL POST)

More from MND:

• MBS Commentary: MBS RECAP: Bonds Slightly Less Interested in Stocks, For Better or Worse
• MND NewsWire: Freddie Sees Home Sales Regaining Momentum in 2019
• Mortgage Rate Watch: Mortgage Rates Edge Higher
• MND NewsWire: Weakening Home Prices Are Not a Signal for 2008 Reboot
• Pipeline Press: Borrower Satisfaction Products; Upcoming Events; Price Compression and High Rates

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/10312018_application_volume.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

MBS RECAP: Bonds Slightly Less Interested in Stocks, For Better or Worse

Before you read it here, it was on MBS Live.

28-Day Free Trial

Posted to: MBS Commentary
Tuesday, October 30, 2018 4:04 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

If there’s a theme in the bond market over the past 2 days, it’s that we’ve broken away from the previously fairly rigid correlation with stocks. That’s not to say the correlation was helping bonds move at the same pace as stocks–simply that the two had generally been moving higher and lower at the same time at almost any given moment over the past week and a half.

The disconnect started taking shape yesterday when stocks set new lows for the current trend/move while bond yields were unable/unwilling to move back to their lows. Then again in the overnight…

(READ THE FULL POST)

More from MND:

• MND NewsWire: Freddie Sees Home Sales Regaining Momentum in 2019
• Mortgage Rate Watch: Mortgage Rates Edge Higher
• MND NewsWire: Weakening Home Prices Are Not a Signal for 2008 Reboot
• Pipeline Press: Borrower Satisfaction Products; Upcoming Events; Price Compression and High Rates
• MBS Commentary: MBS Day Ahead: Two Trends Suggest Risk of Resistance Bounce For Rates

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/882317.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Daily Newsletter: Freddie Sees Home Sales Regaining Momentum in 2019; Price Slump Doesn’t Mean This is 2008; Rates Edge Higher

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

30 Year Fixed 4.96% +0.02 15 Year Fixed 4.45% +0.02 10YR Treasury 3.11% +0.0245 FNMA 30YR 3.5 97.52 -0.14 FNMA 15YR 2.5 98.25 -0.05 View Today’s Rates

Tuesday October 30, 2018 MND NewsWire – 4:07PM Freddie Sees Home Sales Regaining Momentum in 2019 Freddie Mac is forecasting that there will be GDP growth of 3.0 percent in the second quarter of this year, moderating from the strong 4.2 percent growth in the first quarter. The company … MND NewsWire – 10:53AM Weakening Home Prices Are Not a Signal for 2008 Reboot The S&P CoreLogic Case-Shiller U.S. National Home Price Index for August showed an annual appreciation rate that was lower than 6.0 percent for the first time in a year. The rate … Mortgage Rate Watch – 3:05PM Mortgage Rates Edge Higher Mortgage rates were moderately higher today as underlying bond markets continued backing away from their strongest levels in more than 3 weeks (stronger bonds = lower rates). In general … MBS Commentary – 8:45AM MBS Day Ahead: Two Trends Suggest Risk of Resistance Bounce For Rates With bonds being flat to slightly weaker yesterday and now noticeably weaker overnight, we may be looking at our first real resistance bounce (aka “floor”) in over a week. Such a bounce … Borrower Satisfaction Products; Upcoming Events; Price Compression and High Rates NAR Survey Catalogs Changes in Home Buyer Characteristics Latest Video The market’s future lies in whichever party wins in midterms, expert says October’s consumer confidence index at 137.9 China says US tariff ‘noise’ won’t intimidate China More News from ‘Around the Web’ CNBC – 3:02PM Southern California suffers its worst housing slump in over a decade eyeonhousing.org – 2:01PM Millennial Homeownership Rate Rises to 37% Bloomberg – 11:38AM Italy Bonds Slide as Economy Slows, Debt Auction Underwhelms CNBC – 11:12AM Consumer confidence rises to an 18-year high in October Calculated Risk Blog – 10:22AM HVS: Q3 2018 Homeownership and Vacancy Rates Calculated Risk Blog – 9:53AM Case-Shiller: National House Price Index increased 5.8% year-over-year in August http://www.consumerfinancemonitor.com – 9:26AM Will HUD propose a revised disparate impact rule by December 18? http://www.redfin.com – 8:45AM Redfin Housing Demand Index Posts Strong Gain from August to September Reuters – 8:43AM Trump says he expects ‘great deal’ with China, but more tariffs if not Bloomberg – 8:03AM US House Prices Are Rising Faster Than American Wages Bloomberg – 8:03AM Blockchain Could Speed Homebuying, Once the Hurdles Are Cleared Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 4.96% +0.02 15 Yr FRM 4.45% +0.02 FHA 30 Year Fixed 4.44% +0.02 Jumbo 30 Year Fixed 4.40% +0.02 5/1 Yr ARM 4.46% +0.02 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 ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 4.86% 0.50 +0.01 15 Yr. Fixed 4.29% 0.40 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.14% 0.30 +0.04 Secondary Markets MBS Price Change 30YR FNMA 3.0 94.80 -0.17 30YR FNMA 3.5 97.52 -0.14 30YR GNMA 3.0 95.86 -0.16 30YR GNMA 3.5 98.31 -0.16 15YR FNMA 3.0 98.25 -0.05 15YR FNMA 2.5 95.89 -0.03 Treasuries Yield Change 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 2 YR 2.8507% +0.0283 5 YR 2.9461% +0.0238 10 YR 3.1132% +0.0245 30 YR 3.3558% +0.0218 Prices as of: 10/30/2018 4:07PM EST

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

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.

Freddie Sees Home Sales Regaining Momentum in 2019

Posted to: MND NewsWire
Tuesday, October 30, 2018 11:59 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

Freddie Mac is forecasting that there will be GDP growth of 3.0 percent in the second quarter of this year, moderating from the strong 4.2 percent growth in the first quarter. The company’s October Forecast, prepared by its Economic and Housing Research Group, now extends its predictions into 2020 and they are looking at substantial economic slowing by then. The forecast for all of 2018 is growth of 3.0 percent, slowing to 2.4 percent next year and to only 1.8 percent in 2020 “as the effects of expansionary fiscal policy fade.” Last year’s hurricanes damaged both the economy and the housing sector, but at this point Hurricane Florence is expected to create only a small dip in economic growth and cause no appreciable increase in foreclosures.

(READ THE FULL POST)

More from MND:

• Mortgage Rate Watch: Mortgage Rates Edge Higher
• MND NewsWire: Weakening Home Prices Are Not a Signal for 2008 Reboot
• Pipeline Press: Borrower Satisfaction Products; Upcoming Events; Price Compression and High Rates
• MBS Commentary: MBS Day Ahead: Two Trends Suggest Risk of Resistance Bounce For Rates
• MBS Commentary: MBS RECAP: Bonds Staying Thirsty For Stock Drama–Too Thirsty

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/10302018_freddie_mac_outlook.asp

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.