Daily Newsletter: New Way to Measure Housing Recovery; Rates Well Into High 3's; Building to Rent

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30 Year Fixed 3.94%   -0.07 15 Year Fixed 3.75%   -0.11 10YR Treasury 2.13%   -0.0836 FNMA 30YR 3.5 102.00   +0.31 FNMA 15YR 2.5 101.45   +0.28 View Today's Rates

Friday May 31, 2019 MND NewsWire - 10:38AM NAHB Has a New Way to Measure Housing Recovery The National Association of Home Builders (NAHB) is introducing the latest in a series of indices it has employed to measure housing within a broader context of the economy. The first ... Mortgage Rate Watch - 4:16PM Mortgage Rates Drop Well Into the High 3's Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico. In general, trade wars are economically negative. They ... MND NewsWire - 1:32PM Toll Brothers, Others, Turn to Build-to-Rent Toll Brothers is embarking on a new business model that may, depending on your outlook, increase the rental stock, provide new opportunities for home builders, or further diminish new ... MBS Commentary - 8:34AM MBS Day Ahead: Aggressively Friendly Range Breakout In the day just past, bonds traded an "outside day" (high and low yields of the day fell OUTSIDE the highs and lows from the previous day). This signals both indecision and volatility ... Broker/Dealer, Sales Products; Jumbo/High Balance Trends Pending Home Sales Fall, But Still Holding Most of 2019's Gains Latest Video Stronger dollar would trigger Fed to raise rates, says portfolio manager If things get worse, the Fed may need to cut rates, says BofA economist Personal income in April increases .5%, exceeding expectations More News from 'Around the Web' Bloomberg - 4:14PM Fed Funds Futures Now Show Two Cuts Fully Priced In This Year Reuters - 4:14PM New front in trade war means Fed's dry powder may get burned Calculated Risk Blog - 3:14PM Still Not on Recession Watch www.consumerfinancemonitor.com - 2:48PM Congress Again Temporarily Extends National Flood Insurance Program www.realtor.com - 2:22PM Size Matters: Tracking the Economy Through New-Home Square Footage www.consumerfinancemonitor.com - 12:37PM California bill capping consumer loan interest rates clears Assembly CNBC - 12:06PM Are you covered for a flood? It's time to check any risk for summer storm damage www.consumerfinancemonitor.com - 11:18AM New Federal Student Loan Interest Rates for 2019-2020 Announced Bloomberg - 9:43AM Vanishing Short-Volatility Structures May Slow Treasury Rally CNBC - 8:42AM US inflation picks up in April as spending slows CNBC - 8:14AM New chart points to 'extremely overbought' conditions in bond market, suggests yields will bounce Reuters - 8:03AM Fed unlikely to respond to bond market calls for rate cuts, yet Bloomberg - 8:01AM Summer of Fear May Push U.S. Yield to 1.5%, Ignite Yen Rally Today's Rates Best Execution Rate Change 30 Yr FRM 3.94% -0.07 15 Yr FRM 3.75% -0.11 FHA 30 Year Fixed 3.75% -0.25 Jumbo 30 Year Fixed 3.90% -0.07 5/1 Yr ARM 3.99% -0.01 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 4.67% 0.00 +0.02 15 Yr. Fixed 0.00% 0.00 -4.00 30 Yr. Jumbo 0.00% 0.00 -4.40 30 Yr. FHA 0.00% 0.00 -4.64 5/1 ARM 0.00% 0.00 -3.95 Freddie Mac ** 30 Yr. Fixed 3.99% 0.50 -0.07 15 Yr. Fixed 3.46% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.60% 0.40 -0.08 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 3.0 100.44 +0.45 30YR FNMA 3.5 102.00 +0.31 30YR GNMA 3.0 101.66 +0.47 30YR GNMA 3.5 102.84 +0.31 15YR FNMA 3.0 101.45 +0.28 15YR FNMA 2.5 100.05 +0.31 Treasuries Yield Change 2 YR 1.9261% -0.0988 5 YR 1.9192% -0.1056 10 YR 2.1332% -0.0836 30 YR 2.5692% -0.0752 Prices as of: 5/31/2019 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Pending Home Sales Fall, But Still Holding Most of 2019's Gains; Are Rates Really Under 4.00%? Yes and No

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30 Year Fixed 4.01%   -0.01 15 Year Fixed 3.86%   -0.01 10YR Treasury 2.22%   -0.0454 FNMA 30YR 3.5 101.69   +0.16 FNMA 15YR 2.5 101.19   +0.16 View Today's Rates

Thursday May 30, 2019 MND NewsWire - 10:24AM Pending Home Sales Fall, But Still Holding Most of 2019's Gains April's pending home sales had been expected to build on the gains posted in two of the three previous months, but they retreated instead. The National Association of Realtors® ... Mortgage Rate Watch - 4:00PM Are Mortgage Rates Really Under 4.00%? Yes and No Mortgage rates were mixed today, with some lenders holding steady while others offered mid-day improvements in response to strong performance in the bond market. In either case, today ... MBS Commentary - 9:27AM MBS Day Ahead: Trading Patterns a Bigger Story Than The Data In the day just past, bonds started out in stronger territory only to lose ground by the closing bell. This wasn't necessarily destined to be the case, but a rather weak 7yr Treasury ... Pipeline Press - 9:01AM Broker, Digital, Customer Retention Products; FHA, VA, Ginnie Changes My cat Myrtle’s direct exposure to the falling stock market is minimal. Mine, however, has become a sense of concern as I watch the value of my holdings get clocked, reminding ... Lending is Disadvantaging its Own Future U/W Products; Digital White Paper; 40% of MLOs Close How Much Total Volume? Latest Video The Fed's Richard Clarida: Supply side of economy grew faster than expected April pending home sales down 1.5% vs expected 0.9% gain Morgan: The yield curve has inverted, but this time is different More News from 'Around the Web' Reuters - 3:46PM Wall St. slump continues on U.S.-China trade uncertainty www.realtor.com - 1:17PM Mortgage Rates Slide Below 4% as the Trade War Buffets Markets Calculated Risk Blog - 1:17PM Merrill on May NFP: "A modest slowing in employment activity" Reuters - 1:16PM U.S. inflation much softer in first quarter; puts spotlight on Fed CNBC - 12:04PM Fed's Clarida outlines conditions that would be needed for a change in rates Bloomberg - 11:46AM A $4 Trillion Plan Could Make or Break Dreams of U.S. Homebuyers Bloomberg - 10:45AM China Pulls Punches With Trump to Defend a Path for Trade Talks Calculated Risk Blog - 8:52AM Weekly Initial Unemployment Claims Increase to 215,000 CNBC - 8:31AM Second reading on first-quarter GDP is up 3.1%, vs 3.0% growth expected CNBC - 8:02AM US Treasury yields tick higher amid recession fears www.builderonline.com - 8:01AM Home Prices Higher in Portland As Growth Slows in the West Today's Rates Best Execution Rate Change 30 Yr FRM 4.01% -0.01 15 Yr FRM 3.86% -0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 3.97% -0.01 5/1 Yr ARM 4.00% -0.01 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 4.67% 0.00 +0.02 15 Yr. Fixed 0.00% 0.00 -4.00 30 Yr. Jumbo 0.00% 0.00 -4.40 30 Yr. FHA 0.00% 0.00 -4.64 5/1 ARM 0.00% 0.00 -3.95 Freddie Mac ** 30 Yr. Fixed 3.99% 0.50 -0.07 15 Yr. Fixed 3.46% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.60% 0.40 -0.08 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 99.98 +0.23 30YR FNMA 3.5 101.69 +0.16 30YR GNMA 3.0 101.19 +0.36 30YR GNMA 3.5 102.55 +0.17 15YR FNMA 3.0 101.19 +0.16 15YR FNMA 2.5 99.73 +0.22 Treasuries Yield Change 2 YR 2.0649% -0.0440 5 YR 2.0248% -0.0462 10 YR 2.2168% -0.0454 30 YR 2.6422% -0.0504 Prices as of: 5/30/2019 4:54PM 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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