diff --git a/.flowconfig b/.flowconfig
index f89f61f1790..ea2ae9173eb 100644
--- a/.flowconfig
+++ b/.flowconfig
@@ -38,12 +38,12 @@ suppress_type=$FlowIssue
 suppress_type=$FlowFixMe
 suppress_type=$FixMe
 
-suppress_comment=\\(.\\|\n\\)*\\$FlowFixMe\\($\\|[^(]\\|(\\(>=0\\.\\(4[0-8]\\|[1-3][0-9]\\|[0-9]\\).[0-9]\\)? *\\(site=[a-z,_]*react_native_oss[a-z,_]*\\)?)\\)
-suppress_comment=\\(.\\|\n\\)*\\$FlowIssue\\((\\(>=0\\.\\(4[0-8]\\|[1-3][0-9]\\|[0-9]\\).[0-9]\\)? *\\(site=[a-z,_]*react_native_oss[a-z,_]*\\)?)\\)?:? #[0-9]+
+suppress_comment=\\(.\\|\n\\)*\\$FlowFixMe\\($\\|[^(]\\|(\\(>=0\\.\\(4[0-9]\\|[1-3][0-9]\\|[0-9]\\).[0-9]\\)? *\\(site=[a-z,_]*react_native_oss[a-z,_]*\\)?)\\)
+suppress_comment=\\(.\\|\n\\)*\\$FlowIssue\\((\\(>=0\\.\\(4[0-9]\\|[1-3][0-9]\\|[0-9]\\).[0-9]\\)? *\\(site=[a-z,_]*react_native_oss[a-z,_]*\\)?)\\)?:? #[0-9]+
 suppress_comment=\\(.\\|\n\\)*\\$FlowFixedInNextDeploy
 suppress_comment=\\(.\\|\n\\)*\\$FlowExpectedError
 
 unsafe.enable_getters_and_setters=true
 
 [version]
-^0.48.0
+^0.49.1
diff --git a/local-cli/templates/HelloWorld/_flowconfig b/local-cli/templates/HelloWorld/_flowconfig
index 9dd8cc42983..83461209da0 100644
--- a/local-cli/templates/HelloWorld/_flowconfig
+++ b/local-cli/templates/HelloWorld/_flowconfig
@@ -34,12 +34,12 @@ suppress_type=$FlowIssue
 suppress_type=$FlowFixMe
 suppress_type=$FixMe
 
-suppress_comment=\\(.\\|\n\\)*\\$FlowFixMe\\($\\|[^(]\\|(\\(>=0\\.\\(4[0-8]\\|[1-3][0-9]\\|[0-9]\\).[0-9]\\)? *\\(site=[a-z,_]*react_native[a-z,_]*\\)?)\\)
-suppress_comment=\\(.\\|\n\\)*\\$FlowIssue\\((\\(>=0\\.\\(4[0-8]\\|[1-3][0-9]\\|[0-9]\\).[0-9]\\)? *\\(site=[a-z,_]*react_native[a-z,_]*\\)?)\\)?:? #[0-9]+
+suppress_comment=\\(.\\|\n\\)*\\$FlowFixMe\\($\\|[^(]\\|(\\(>=0\\.\\(4[0-9]\\|[1-3][0-9]\\|[0-9]\\).[0-9]\\)? *\\(site=[a-z,_]*react_native[a-z,_]*\\)?)\\)
+suppress_comment=\\(.\\|\n\\)*\\$FlowIssue\\((\\(>=0\\.\\(4[0-9]\\|[1-3][0-9]\\|[0-9]\\).[0-9]\\)? *\\(site=[a-z,_]*react_native[a-z,_]*\\)?)\\)?:? #[0-9]+
 suppress_comment=\\(.\\|\n\\)*\\$FlowFixedInNextDeploy
 suppress_comment=\\(.\\|\n\\)*\\$FlowExpectedError
 
 unsafe.enable_getters_and_setters=true
 
 [version]
-^0.48.0
+^0.49.1
diff --git a/package.json b/package.json
index 4129ad6c5db..b2f9838b8ce 100644
--- a/package.json
+++ b/package.json
@@ -226,7 +226,7 @@
     "eslint-plugin-babel": "^4.1.1",
     "eslint-plugin-flowtype": "^2.33.0",
     "eslint-plugin-react": "^7.0.1",
-    "flow-bin": "^0.48.0",
+    "flow-bin": "^0.49.1",
     "jest": "^20.0.4",
     "jest-repl": "^20.0.4",
     "jest-runtime": "^20.0.4",