Daily Newsletter: Bond Breakout Gets Serious; Rates Highest in a Month, But Still Lower in Big Picture

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30 Year Fixed 4.57%   +0.04 15 Year Fixed 4.14%   +0.04 10YR Treasury 2.76%   +0.0417 FNMA 30YR 3.5 99.81   -0.19 FNMA 15YR 2.5 99.67   -0.13 View Today's Rates

Friday March 1, 2019 MBS Commentary - 9:26AM MBS Day Ahead: Range Breakout Quickly Getting Serious The long-standing consolidation range in 10yr Treasury yields finally came under serious attack yesterday, with a big breakout to the upside. Any time these sorts of trendlines are ... Mortgage Rate Watch - 4:15PM Mortgage Rates Highest in More Than a Month Mortgage rates surged again today as the underlying bond market continued to capitulate to selling pressure. Let's talk about what that means in plain English! Capitulation in financial ... MND NewsWire - 10:06AM Low Rates, Slower Price Gains Point to Home Sales Bounce Freddie Mac's economists see low interest rates continuing, at least through the end of next year . The company's Economic and Strategic Research Group's February Forecast, released ... MBS Commentary - 5:04PM MBS RECAP: Pain Trade Continues Despite Weaker Econ Data Heading into today, if you were hoping to see rates move lower, it would have made sense to hope for economic data to come in weaker than expected. There is one scenario , however, ... CFO and LO Jobs; Correspondent News Around the Industry; Vendor Name Change Homeownership is Highest Since 2014 Latest Video Home sales are down due to low inventory, says Douglas Elliman CEO Consumer spending tumbled 0.5% in December. Watch three experts break it down A lot of indicators that global growth is slowing, says senior economist More News from 'Around the Web' www.redfin.com - 4:07PM How to Sell Your House in 2019 CNBC - 4:07PM Atlanta Fed's closely watched GDP tracker shows next to no growth for first quarter webfeeds.brookings.edu - 4:06PM Oregon's new rent control law is only a band-aid on the state's housing woes CNBC - 3:19PM The week ahead: Jobs report needs to silence rising worries about the economy www.realtor.com - 2:39PM The No. 1 Thing Millennials Hate About Their Home Is Not What You'd Expect www.realtor.com - 1:16PM States With the Highest/Lowest Mortgage Rates CNBC - 12:50PM TREASURIES-Trade deal hopes lift yields; market shrugs off delayed U.S. data Calculated Risk Blog - 12:24PM Q1 GDP Forecasts: Starting Low Calculated Risk Blog - 10:27AM ISM Manufacturing index Decreased to 54.2 in February Bloomberg - 9:42AM Republicans Are Shopping for a New Monetary Policy eyeonhousing.org - 9:11AM Home Price Growth Slows in December Calculated Risk Blog - 8:49AM Personal Income decreased 0.1% in January, increased 1.0% in December Bloomberg - 8:06AM How Theresa May Still Might Pull It Off: This Is the New Brexit Math Reuters - 8:06AM Euro zone's triple-A bond drought persists after ECB steps away Bloomberg - 8:03AM Fed's Powell Sticks With Message of `Patient' Approach on Rates Today's Rates Best Execution Rate Change 30 Yr FRM 4.57% +0.04 15 Yr FRM 4.14% +0.04 FHA 30 Year Fixed 4.22% +0.04 Jumbo 30 Year Fixed 4.37% +0.02 5/1 Yr ARM 4.44% +0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.22% 1.43 -0.12 30 Yr. Fixed 4.78% 1.18 -0.20 MBA ** 30 Yr. Fixed 4.65% 0.42 -0.01 15 Yr. Fixed 4.00% 0.38 -0.04 30 Yr. Jumbo 4.40% 0.29 -0.16 30 Yr. FHA 4.64% 0.48 -0.04 5/1 ARM 3.95% 0.40 -0.05 Freddie Mac ** 30 Yr. Fixed 4.35% 0.50 +0.00 15 Yr. Fixed 3.77% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.84% 0.30 +0.00 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 97.44 -0.23 30YR FNMA 3.5 99.81 -0.19 30YR GNMA 3.0 98.58 -0.17 30YR GNMA 3.5 100.69 -0.19 15YR FNMA 3.0 99.67 -0.13 15YR FNMA 2.5 97.91 -0.14 Treasuries Yield Change 2 YR 2.5567% +0.0385 5 YR 2.5612% +0.0456 10 YR 2.7585% +0.0417 30 YR 3.1275% +0.0457 Prices as of: 3/1/2019 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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