Daily Newsletter: Home Sales Stall; Sellers Need to be Realistic; Rates Move Back Up

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30 Year Fixed 4.23%   +0.07 15 Year Fixed 3.94%   +0.03 10YR Treasury 2.43%   +0.0089 FNMA 30YR 3.5 101.06   -0.03 FNMA 15YR 2.5 100.67   -0.02 View Today's Rates

Tuesday May 21, 2019 MND NewsWire - 4:48PM Home Sales Stall; Sellers Need to be Realistic This one might smart a bit. There were big hopes for home sales in April, with interest rates continuing at unexpectedly low levels, unemployment at a 50-year low, and the spring market ... MND NewsWire - 10:46AM Fueled by Low Rates, Prepayment Rate Continues to Rise With interest rates remaining at 2019 lows and spring market home sales kicking in, the rate of prepayments continues to rise. Black Knight, in its "first look" at April mortgage performance ... Mortgage Rate Watch - 4:50PM Mortgage Rates Bounce Back Mortgage rates had a fairly decent day yesterday as far as most lenders are concerned. A few lenders saw fit to bump rates up in the afternoon following a day of weakness in the bond ... MBS Commentary - 9:31AM MBS Day Ahead: Without Help, Bonds Face Uphill Battle In the day just past, bonds weakened moderately amid the lightest volume in more than 3 weeks and a relative absence of market moving data/events. The losses are somewhat logical in ... Budgeting, Comp Products; Sales, Government Investigation Webinars New Data Prompts Freddie Mac to Upgrade Their Forecast Latest Video I don't see a scenario in which rates are going to go up, says former Morgan Stanley vice chairman April existing home sales down 0.4%, miss expectations Mark Fleming on housing More News from 'Around the Web' www.nytimes.com - 5:02PM Trump Team Vets Fed Critic for Board Seat Bloomberg - 3:30PM May's Desperate Gamble on a Second Brexit Referendum Falls Flat Reuters - 3:26PM Fed officials see past misses as trouble for any new inflation approach Calculated Risk Blog - 1:59PM Comments on April Existing Home Sales Reuters - 1:59PM Home Depot same-store sales disappoint, warns of tariff impact Reuters - 11:46AM May to ask lawmakers to vote on a second Brexit referendum Reuters - 10:29AM U.S. existing home sales unexpectedly fall in April eyeonhousing.org - 9:14AM New Single-Family Home Size: First Quarter 2019 Data CNBC - 8:43AM Millennials had been good at staying out of bad credit card debt. Not anymore CNBC - 8:25AM As the stock market makes a comeback, the bond market flashes a 'dire' warning about the economy CNBC - 8:09AM Business debt rising but not posing threat to system, Fed Chair Powell says Bloomberg - 8:04AM Powell Says Leveraged Lending Isn't Posing a Crash Threat CNBC - 8:02AM Here's how to build a hurricane-resistant house and here's how much it costs Today's Rates Best Execution Rate Change 30 Yr FRM 4.23% +0.07 15 Yr FRM 3.94% +0.03 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.15% +0.07 5/1 Yr ARM 4.10% +0.03 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 4.07% 0.50 -0.03 15 Yr. Fixed 3.53% 0.40 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.66% 0.40 +0.03 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 99.00 -0.06 30YR FNMA 3.5 101.06 -0.03 30YR GNMA 3.0 100.20 -0.05 30YR GNMA 3.5 101.94 -0.02 15YR FNMA 3.0 100.67 -0.02 15YR FNMA 2.5 99.03 -0.08 Treasuries Yield Change 2 YR 2.2579% +0.0351 5 YR 2.2280% +0.0217 10 YR 2.4281% +0.0089 30 YR 2.8454% +0.0062 Prices as of: 5/21/2019 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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