Daily Newsletter: Pending Home Sales Foiled Again; Rates End Year at 4-Month Lows

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30 Year Fixed 4.63%   -0.01 15 Year Fixed 4.19%   -0.01 10YR Treasury 2.72%   -0.0521 FNMA 30YR 3.5 99.78   +0.27 FNMA 15YR 2.5 99.64   +0.20 View Today's Rates

Friday December 28, 2018 Mortgage Rate Watch - 4:27PM Mortgage Rates End 2018 at 4-Month Lows Mortgage rates moved lower by an almost imperceptible amount today. The improvement was enough to bring the average lender to the lowest levels since the end of August, 2018. In other ... MND NewsWire - 10:29AM Pending Sales; Foiled Again! Analysts had expected to hear that pending home sales had a good run in November, perhaps even breaking its 10-month streak of year-over-year declines; Econoday went so far as to predict ... Pipeline Press - 9:31AM FHA and VA Changes; Agency Deals Continue to Share Risk “Rob, should we be staffing up for another refi boom?” It seems like most lenders are pausing during the holidays to take stock of current staffing levels before adjusting ... MBS Commentary - 9:17AM MBS Day Ahead: Are Stocks and Bonds Correlated Right Now? It's Complicated As we discuss off and on over the years, the relationship between stocks and bonds is always complicated. At times, it seems as if bond yields and stocks prices are following each other ... Fannie/Freddie Annual Prices Soften; New Home Sales Delayed Marketing Products; Shutdown Update, Flood Insurance Setback; Over 1,400 Vendors? Latest Video Higher rent growth is possible during 2019, says REITs analyst If Fed continues on its path, we'll see recession by 2020, says Natixis' LaVorgna Pending home sales weaker than estimated More News from 'Around the Web' The Basis Point - 3:42PM Did you know a $2.7 billion data company called Plaid secretly powers your mortgage? eyeonhousing.org - 3:20PM Eye on Housing: Home Features Buyers Consider Essential Calculated Risk Blog - 2:52PM Q4 GDP Forecasts: Mid 2s CNBC - 1:35PM US student debt levels set a new record in 2018—here's how much the typical borrower owes CNBC - 12:56PM El-Erian: Criticize the Fed more for how it communicates, and not on monetary policy Bloomberg - 12:33PM The 10-Year Yield Will Go Higher, Says Bulltick's Vera Calculated Risk Blog - 11:59AM Question #9 for 2019: What will happen with house prices in 2019? Calculated Risk Blog - 10:54AM Chicago PMI Decreased Slighly in December Bloomberg - 8:16AM UBS Sees No Risk of Europe Recession, U.S. `Even Less So' Today's Rates Best Execution Rate Change 30 Yr FRM 4.63% -0.01 15 Yr FRM 4.19% -0.01 FHA 30 Year Fixed 4.22% -0.01 Jumbo 30 Year Fixed 4.39% -0.01 5/1 Yr ARM 4.59% -0.01 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 4.55% 0.50 -0.07 15 Yr. Fixed 4.01% 0.40 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.00% 0.30 +0.02 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 97.33 +0.41 30YR FNMA 3.5 99.78 +0.27 30YR GNMA 3.0 98.30 +0.30 30YR GNMA 3.5 100.41 +0.22 15YR FNMA 3.0 99.64 +0.20 15YR FNMA 2.5 97.53 +0.23 Treasuries Yield Change 2 YR 2.5182% -0.0483 5 YR 2.5564% -0.0636 10 YR 2.7217% -0.0521 30 YR 3.0237% -0.0354 Prices as of: 12/28/2018 4:55PM 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: Shutdown Delays Housing Data; Home Prices Rising Less Quickly; Rates Steady

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30 Year Fixed 4.64%   -0.01 15 Year Fixed 4.20%   -0.01 10YR Treasury 2.77%   -0.0359 FNMA 30YR 3.5 99.52   +0.25 FNMA 15YR 2.5 99.44   +0.17 View Today's Rates

Thursday December 27, 2018 Mortgage Rate Watch - 4:48PM Mortgage Rates Stay Steady Mortgage rates were unchanged to slightly lower today, which is a major victory considering how yesterday left off. Specifically, bond markets had weakened significantly in the afternoon ... MND NewsWire - 10:06AM Fannie/Freddie Annual Prices Soften; New Home Sales Delayed Home prices on the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI) crept higher in October, although year over year appreciation slowed. FHFA, which remains open ... MBS Commentary - 9:10AM MBS Day Ahead: Bonds Still Trading Fed Day Range Last Wednesday was Fed day and it marked a technical breakout for bond yields. As far back as June 2018, 10yr yields had been bouncing on a floor of 2.82%. Despite multiple attempts ... Pipeline Press - 8:54AM Marketing Products; Shutdown Update, Flood Insurance Setback; Over 1,400 Vendors? The US taxpayer has been bearing the credit risk of 90% of all new origination over the past 10 years. What about property/collateral risk? Yesterday FEMA issued a new opinion disallowing ... Case-Shiller Says Home Price Gains Slowing, Still up 5.5% Another Mortgage Settlement; Shutdown Update for Lenders; Rates are low Because... Latest Video Economic data doesn't support recession concerns Santelli Exchange: Economic slowdown vs. recession Powell had to hike rates to follow Fed monetary policy, economist says More News from 'Around the Web' CNBC - 4:44PM Don't laugh: The Fed will be cutting rates 'in coming months,' David Rosenberg says www.realtor.com - 3:23PM Mortgage Rates Continue to Fall in Holiday Gift for Home Buyers, Sellers CNBC - 1:14PM The 'January Effect' could be the market's big hope for a bounce Reuters - 1:13PM Drop in U.S. consumer confidence stokes fears of economic slowdown CNBC - 11:14AM Cramer says the Fed is 'recklessly' confusing the market — 'it's a good time to be quiet' eyeonhousing.org - 9:22AM Top Posts: Highest Paid Occupations in Construction Calculated Risk Blog - 8:55AM Weekly Initial Unemployment Claims decreased to 216,000 Bloomberg - 8:08AM ECB Sees Economic Expansion With Increased Downside Risks CNBC - 8:05AM US Treasury yields lower after Wall Street's massive rally Today's Rates Best Execution Rate Change 30 Yr FRM 4.64% -0.01 15 Yr FRM 4.20% -0.01 FHA 30 Year Fixed 4.23% -0.01 Jumbo 30 Year Fixed 4.40% -0.01 5/1 Yr ARM 4.60% -0.01 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 4.55% 0.50 -0.07 15 Yr. Fixed 4.01% 0.40 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 4.00% 0.30 +0.02 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 96.92 +0.25 30YR FNMA 3.5 99.52 +0.25 30YR GNMA 3.0 98.00 +0.31 30YR GNMA 3.5 100.19 +0.31 15YR FNMA 3.0 99.44 +0.17 15YR FNMA 2.5 97.30 +0.28 Treasuries Yield Change 2 YR 2.5665% -0.0546 5 YR 2.6200% -0.0436 10 YR 2.7738% -0.0359 30 YR 3.0583% -0.0070 Prices as of: 12/27/2018 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. © 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: Home Price Gains Slowing, But Still up 5.5%; Rates Moving Higher Today or Tomorrow

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30 Year Fixed 4.65%   +0.00 15 Year Fixed 4.21%   +0.00 10YR Treasury 2.81%   +0.0732 FNMA 30YR 3.5 99.25   -0.27 FNMA 15YR 2.5 99.27   -0.14 View Today's Rates

Wednesday December 26, 2018 MND NewsWire - 10:59AM Case-Shiller Says Home Price Gains Slowing, Still up 5.5% Home prices continued to ratchet down their advances in October, fewer than half of the tracked cities saw prices increase on an unadjusted basis. The slowing is also beginning to show ... Mortgage Rate Watch - 4:10PM Mortgage Rates Higher Today or Tomorrow Mortgage rates were unchanged in some cases today and higher in others. The discrepancy is a result of the timing of today's market movements. The most important thing to know is that ... MBS Commentary - 10:04AM MBS Day Ahead: Holiday Week Themes Still in Play The title of the Day Ahead commentary on Monday was " Don't Get Too Attached ." In a nutshell, the suggestion was to not get too attached to any decisive move in markets because wouldn ... Pipeline Press - 8:54AM Another Mortgage Settlement; Shutdown Update for Lenders; Rates are low Because... This government shutdown is over 215 miles of fencing along a 2,000-mile border. Rate-wise, there is growing thought that the Fed has overshot rate changes and that there will be 0 ... Freddie Mac Portfolio Grows 6.8 Percent, Refi's on the Rise Trump Vs The Fed: A Public Service Announcement Latest Video Housing market will continue to cool in 2019, says Redfin economist 50 percent chance of a rate cut next year, says Guggenheim's Scott Minerd What are the markets saying about the Fed's unwinding of its balance sheet? More News from 'Around the Web' Bloomberg - 3:03PM Trump Expresses Confidence in Fed, Mnuchin CNBC - 1:24PM Former Wells Fargo CEO argues markets would be down more if Fed didn't hike this month Bloomberg - 1:23PM Bond Market Naysayers Are at Odds With Powell's Inflation Positivity Reuters - 11:48AM Fed chair's job is not in jeopardy, White House economic adviser says www.redfin.com - 10:34AM The 20 Cities and Homes Favorited Most in 2018 Calculated Risk Blog - 9:44AM Case-Shiller: National House Price Index increased 5.5% year-over-year in Octoer eyeonhousing.org - 9:22AM Top Posts: Time Needed to Build a Single-Family Home in 2017 CNBC - 8:01AM 10-year US Treasury yield hits lowest level since April 2018 Today's Rates Best Execution Rate Change 30 Yr FRM 4.65% +0.00 15 Yr FRM 4.21% +0.00 FHA 30 Year Fixed 4.24% +0.00 Jumbo 30 Year Fixed 4.41% +0.00 5/1 Yr ARM 4.61% +0.00 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 4.62% 0.40 -0.01 15 Yr. Fixed 4.07% 0.40 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.98% 0.30 -0.06 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 96.66 -0.38 30YR FNMA 3.5 99.25 -0.27 30YR GNMA 3.0 97.69 -0.50 30YR GNMA 3.5 99.88 -0.42 15YR FNMA 3.0 99.27 -0.14 15YR FNMA 2.5 97.02 -0.31 Treasuries Yield Change 2 YR 2.6211% +0.0597 5 YR 2.6500% +0.0775 10 YR 2.8097% +0.0732 30 YR 3.0653% +0.0666 Prices as of: 12/26/2018 4:47PM 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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