Daily Newsletter: Fed Didn't Cut Mortgage Rates!; What Changed in Fed Statement?

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30 Year Fixed 3.85%   -0.03 15 Year Fixed 3.56%   -0.01 10YR Treasury 2.01%   -0.0522 FNMA 30YR 3.5 102.38   +0.06 FNMA 15YR 2.5 101.83   -0.03 View Today's Rates

Wednesday July 31, 2019 Mortgage Rate Watch - 6:27PM No, The Fed Didn't Cut Mortgage Rates! Mortgage rates were mostly unchanged today, which will come as a surprise to scores of consumers who mistakenly believe the Fed's 0.25% rate cut equates to a 0.25% drop in rates. The ... MBS Commentary - 2:03PM Differences Between Previous and Current FOMC Statements Information received since the Federal Open Market Committee met in May June indicates that the labor market remains strong and that economic activity is has been rising at a moderate ... MND NewsWire - 10:55AM Freddie Mac Sees Low Rates Extending Through 2020 The housing market has been looking slightly better over the last few month and Freddie Mac July economic report reflects that fact. They also maintain a fairly rosy picture of the ... MBS Commentary - 8:54AM MBS Day Ahead: The Fed Rate Cut Has Basically Already Happened In the day just passed, bonds put in one more day of slow, illiquid summertime trading. Granted, volumes were slightly better than the previous session, but the previous session saw ... CRM, Broker, Sales, Rental Products; Conventional Conforming Trends Mortgage Application Volume Falls for Fifth Consecutive Week Latest Video Trump says Fed Chairman Powell 'let us down' Chicago July PMI comes in below expectations at 44.4 vs 50.5 estimated "Not a lot of specificity," from Powell, former fed governor says More News from 'Around the Web' Calculated Risk Blog - 4:50PM Fannie Mae: Mortgage Serious Delinquency Rate Unchanged in June CNBC - 4:49PM Trump says Fed Chief Powell 'let us down' by not clearly signaling more rate cuts Reuters - 3:19PM Instant View: Fed cuts rates for first time since 2008 CNBC - 3:18PM Fed Chief Powell says rate cut was a 'mid-cycle adjustment' Reuters - 2:27PM WRAPUP 2-Fed lowers interest rates as expected, leaves door open to more cuts CNBC - 2:27PM Fed disappoints markets by sounding more 'neutral' than dovish CNBC - 12:38PM What the Fed's words say about how dovish it will be after the rate cut CNBC - 12:37PM This state is home to the best cities for renters CNBC - 11:50AM Here's how the Fed sets interest rates and how that rate has changed over the last four decades Reuters - 10:24AM U.S. Midwest factory index sags to lowest since December 2015: Chicago PMI Bloomberg - 10:02AM To Fix Its Housing Crunch, One U.S. City Takes Aim at the Single-Family Home Calculated Risk Blog - 8:28AM ADP: Private Employment increased 156,000 in July www.zerohedge.com - 8:28AM 25 Or 50 bps? How Will The Market React To The Fed's Rate Cut CNBC - 8:03AM Ahead of the Fed decision, one market expert has one key piece of advice for Jay Powell Today's Rates Best Execution Rate Change 30 Yr FRM 3.85% -0.03 15 Yr FRM 3.56% -0.01 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.92% +0.01 5/1 Yr ARM 3.70% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.79% 1.21 -0.12 30 Yr. Fixed 4.39% 1.12 -0.22 MBA ** 30 Yr. Fixed 4.12% 0.38 +0.08 15 Yr. Fixed 3.48% 0.32 +0.06 30 Yr. Jumbo 4.07% 0.21 +0.04 30 Yr. FHA 4.01% 0.28 +0.04 5/1 ARM 3.58% 0.27 +0.02 Freddie Mac ** 30 Yr. Fixed 3.75% 0.50 -0.06 15 Yr. Fixed 3.18% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.47% 0.40 -0.01 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 3.0 100.88 +0.11 30YR FNMA 3.5 102.38 +0.06 30YR GNMA 3.0 102.16 +0.13 30YR GNMA 3.5 103.47 0.00 15YR FNMA 3.0 101.83 -0.03 15YR FNMA 2.5 100.44 0.00 Treasuries Yield Change 2 YR 1.8681% +0.0202 5 YR 1.8223% -0.0197 10 YR 2.0075% -0.0522 30 YR 2.5206% -0.0599 Prices as of: 7/31/2019 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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Daily Newsletter: Stellar Home Sales Report; Home Price Resiliency; Rates Calm Before Storm; What Does it Take?

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30 Year Fixed 3.88%   +0.01 15 Year Fixed 3.57%   +0.01 10YR Treasury 2.06%   -0.0036 FNMA 30YR 3.5 102.31   0.00 FNMA 15YR 2.5 101.86   -0.02 View Today's Rates

Tuesday July 30, 2019 MND NewsWire - 10:50AM Stellar Sales Report Reinforces Housing's Strong Summer Pending home sales put in an especially strong performance in June , the second consecutive positive report as well as the fourth in five months. The National Association of Realtors® ... MND NewsWire - 10:07AM Although Gains are Slowing, Prices Show "Resiliency" The rate of appreciation in home prices slipped again in May according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The metric, which covers all nine U.S. census ... Mortgage Rate Watch - 4:48PM Mortgage Rates Stay Calm Before Tomorrow's (Potential) Storm Mortgage rates haven't moved much this week, or last week, or the week before that. In fact, for the average prospective borrower, there haven't been any major changes since first making ... MBS Commentary - 10:52AM MBS Day Ahead: What Does it Take to Move Markets These Days? In the day just passed, bonds drifted through one of those characteristic summertime Mondays without any meaningful liquidity, volume, or volatility. Bonds remained inside their prevailing ... CRM, Pricing Products; Borrower Satisfaction Tips; Wholesaler News Freddie Mac's Portfolio Continues to Grow Latest Video We're going to start with a small rate cut, Gradient Investments' Mariann Montagne says Assume the Fed will cut 25 basis points: Mario Gabelli Former Treasury Secretary Larry Summers on trade and the Fed More News from 'Around the Web' Bloomberg - 5:02PM Trump Wants to See Fed Make a Large Rate Cut - Bloomberg Bloomberg - 11:16AM Trump Demands ‘Large' Fed Rate Cut as Central Bank Set to Meet Calculated Risk Blog - 8:47AM Personal Income increased 0.4% in June, Spending increased 0.3% finance.yahoo.com - 8:46AM The Fed Might Not Cut Rates More Than Once Bloomberg - 8:34AM America's Housing Affordability Crisis Spreads to the Heartland Reuters - 8:03AM Possible dissent hangs over Fed's first rate cut in a decade Reuters - 8:02AM D.R. Horton tops estimates on higher home sales, lower mortgage rates Today's Rates Best Execution Rate Change 30 Yr FRM 3.88% +0.01 15 Yr FRM 3.57% +0.01 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.91% +0.01 5/1 Yr ARM 3.69% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.79% 1.21 -0.12 30 Yr. Fixed 4.39% 1.12 -0.22 MBA ** 30 Yr. Fixed 4.12% 0.38 +0.08 15 Yr. Fixed 3.48% 0.32 +0.06 30 Yr. Jumbo 4.07% 0.21 +0.04 30 Yr. FHA 4.01% 0.28 +0.04 5/1 ARM 3.58% 0.27 +0.02 Freddie Mac ** 30 Yr. Fixed 3.75% 0.50 -0.06 15 Yr. Fixed 3.18% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.47% 0.40 -0.01 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 3.0 100.77 +0.03 30YR FNMA 3.5 102.31 0.00 30YR GNMA 3.0 102.03 +0.02 30YR GNMA 3.5 103.47 +0.02 15YR FNMA 3.0 101.86 -0.02 15YR FNMA 2.5 100.44 -0.03 Treasuries Yield Change 2 YR 1.8479% -0.0080 5 YR 1.8420% -0.0016 10 YR 2.0597% -0.0036 30 YR 2.5805% -0.0109 Prices as of: 7/30/2019 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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