Daily Newsletter: Here's Why Housing Agencies' Net Worth is Surging; Mortgage Rates Drop Like a Rock

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30 Year Fixed 3.71%   -0.13 15 Year Fixed 3.37%   -0.04 10YR Treasury 1.69%   -0.0875 FNMA 30YR 3.5 102.69   +0.17 FNMA 15YR 2.5 102.38   +0.17 View Today's Rates

Thursday October 31, 2019 MND NewsWire - 11:55AM Here's Why Housing Agencies' Net Worth is Surging Both of the government sponsored enterprises (GSEs) posted strong earnings in the third quarter of the year. Freddie Mac announced comprehensive income of $1.8 billion while Fannie ... Mortgage Rate Watch - 5:10PM Mortgage Rates Dropping Like a Rock Mortgage rates dropped like a rock today . This has absolutely nothing to do with yesterday's Fed rate cut, a little to do with the market reaction to the verbiage in yesterday's Fed ... Pipeline Press - 9:06AM Capital Markets Jobs; Pricing Products; Loan Processing Survey Results Halloween already! Who wouldn’t want to live in the scary Tombstone, AZ, Sleepy Hollow, NY, Kill Devil Hills, NC, Yellville, AR, Transylvania County, NC, Slaughter Beach, DE, ... Millennial Homeownership Inches Higher MBS Day Ahead: Why Chicago PMI is More Important Than PCE Inflation Latest Video Central banks that have negative rates are trapped: Bleakley CIO Trump: China, US working on finding a new location to sign phase one trade deal Chicago October PMI comes in below expectations at 43.2 vs 48.5 estimated More News from 'Around the Web' Calculated Risk Blog - 3:12PM October Employment Preview: Take the Under Bloomberg - 1:34PM The Bond Trade of the Year May Be Back, All Thanks to the Fed - Bloomberg Calculated Risk Blog - 1:34PM Q3 2019 GDP Details on Residential and Commercial Real Estate Reuters - 1:34PM Homes destroyed, hundreds more evacuated as Los Angeles wildfires spread Reuters - 11:26AM Trump blasts Fed after rate cut, says hurting U.S. competitiveness eyeonhousing.org - 10:21AM 55+ Housing Market Ticks Back Up to Record High Calculated Risk Blog - 9:22AM Personal Income increased 0.3% in September, Spending increased 0.2% Calculated Risk Blog - 8:53AM Weekly Initial Unemployment Claims increased to 218,000 Bloomberg - 8:33AM China Doubts Long-Term Trade Deal Possible With Trump Bloomberg - 8:10AM Fed Cutting Again Would Be Recession Signal: Authers' Newsletter Bloomberg - 8:08AM Bond Market Signals Doubt Fed Has Shut Door on Further Rate Cuts Today's Rates Best Execution Rate Change 30 Yr FRM 3.71% -0.13 15 Yr FRM 3.37% -0.04 FHA 30 Year Fixed 3.37% -0.03 Jumbo 30 Year Fixed 3.79% -0.07 5/1 Yr ARM 3.40% -0.06 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 4.05% 0.37 +0.03 15 Yr. Fixed 3.40% 0.36 +0.01 30 Yr. Jumbo 4.01% 0.30 +0.05 30 Yr. FHA 3.83% 0.28 +0.04 5/1 ARM 3.43% 0.23 +0.14 Freddie Mac ** 30 Yr. Fixed 3.78% 0.50 +0.03 15 Yr. Fixed 3.19% 0.60 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.43% 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 3.0 101.61 +0.28 30YR FNMA 3.5 102.69 +0.17 30YR GNMA 3.0 102.98 +0.38 30YR GNMA 3.5 104.22 +0.36 15YR FNMA 3.0 102.38 +0.17 15YR FNMA 2.5 101.08 +0.27 Treasuries Yield Change 2 YR 1.5259% -0.0757 5 YR 1.5179% -0.0898 10 YR 1.6875% -0.0875 30 YR 2.1734% -0.0838 Prices as of: 10/31/2019 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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Daily Newsletter: Pending Sales Highest Since 2017; Yes, The Fed Will Cut Rates, But Not Mortgage Rates

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30 Year Fixed 3.85%   -0.01 15 Year Fixed 3.42%   -0.01 10YR Treasury 1.85%   +0.0495 FNMA 30YR 3.5 102.31   -0.03 FNMA 15YR 2.5 102.08   -0.02 View Today's Rates

Tuesday October 29, 2019 Mortgage Rate Watch - 4:36PM Yes, The Fed Will Cut Rates, But Not Mortgage Rates You may have heard that the Federal Reserve is highly likely to cut rates this week. That is true. It's happening tomorrow . It would be a big surprise for financial markets if the ... MND NewsWire - 10:30AM Pending Sales Hit Highest Levels Since 2017 Pending home sales posted a solid increase for the second straight month in September, more than doubling analysts' expectations. The National Association of Realtors® (NAR) said ... MND NewsWire - 9:48AM Gains in the Southeast Bring Home Prices up 3.2% Nationally Rapid price gains, long dominated by cities in the West, appear to be shifting to the Southeast, at least those reflected in the S&P CoreLogic Case-Shiller indices. The report for ... MBS Commentary - 9:28AM MBS Day Ahead: Don't Let The Green Fool You Yesterday saw the bond market sell off in a fairly frustrating way. Granted, there was some justification for the initial overnight weakness courtesy of an approved Brexit extension ... Broker, Compliance Products; Ellie/Capsilon Deal; Big Banks Back Into FHA Lending? DOJ, HUD Clarify Use of False Claims Act Latest Video CNBC poll says 79% believe Fed will cut rates in October With Americans staying in their homes longer, they're deploying their cash on remodeling and renovations Pending home sales beat expectations, 1.5% vs. 0.7% expected More News from 'Around the Web' CNBC - 3:58PM The Fed is expected to cut rates, but how Powell discusses the next move could rattle markets Reuters - 1:42PM Exclusive: U.S.-China trade deal may not be ready for signing in Chile - U.S. official eyeonhousing.org - 1:40PM Homeownership Rate Bounces Back Reuters - 1:40PM EU's Tusk says Brexit delay to January 31 'may be the last one' Calculated Risk Blog - 11:53AM HVS: Q3 2019 Homeownership and Vacancy Rates Bloomberg - 10:54AM GDP, Jobs Hold Clues to Fed's Next Phase After Likely Third Cut CNBC - 10:07AM US consumer confidence for October comes in at 125.9, vs 128 expected Reuters - 8:07AM Brexit election nears as UK opposition backs early poll CNBC - 8:06AM Fed to cut rates again, but other economic concerns are emerging ahead of election: CNBC Fed Survey Today's Rates Best Execution Rate Change 30 Yr FRM 3.85% -0.01 15 Yr FRM 3.42% -0.01 FHA 30 Year Fixed 3.41% -0.01 Jumbo 30 Year Fixed 3.88% -0.01 5/1 Yr ARM 3.47% -0.03 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 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.40% 0.30 +0.05 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 3.0 100.91 -0.08 30YR FNMA 3.5 102.31 -0.03 30YR GNMA 3.0 102.28 -0.03 30YR GNMA 3.5 103.64 -0.03 15YR FNMA 3.0 102.08 -0.02 15YR FNMA 2.5 100.58 -0.06 Treasuries Yield Change 2 YR 1.6515% +0.0279 5 YR 1.6717% +0.0459 10 YR 1.8490% +0.0495 30 YR 2.3376% +0.0485 Prices as of: 10/28/2019 11:19AM 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: Time To Start Asking The Tough Questions; Refis Make Strong Showing in September; Higher Rates

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30 Year Fixed 3.81%   +0.01 15 Year Fixed 3.40%   +0.01 10YR Treasury 1.80%   +0.0282 FNMA 30YR 3.5 102.34   -0.03 FNMA 15YR 2.5 102.09   -0.03 View Today's Rates

Friday October 25, 2019 MBS Commentary - 11:17AM Time To Start Asking The Tough Questions In about 2 weeks, the big bond rally of 2019 will officially be 1 year old (because it actually began in the 2nd week of November). This has been a uniquely interesting year for the ... MND NewsWire - 11:32AM Refis Make Another Strong Showing in September Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 10.7 percent in September, down from 12.9 percent the previous month. The portfolio ... Mortgage Rate Watch - 3:44PM Mortgage Rates Slightly Higher, As Expected Mortgage rates moved lower for 3 days in a row as of yesterday afternoon. But that trend was likely to reverse based on the timing of yesterday's market movement. Specifically, the ... MBS Commentary - 4:56PM MBS RECAP: Bonds Looking Nervous and Impressionable Let's face it. It makes sense for the average bond trader to be more indecisive than normal right now. A no-deal Brexit was avoided this week (bad for bonds), but a Brexit deal couldn ... Non-QM, DPA, Broker Products; Correspondent and Wholesale Updates Mortgage Turnover is 121 Percent Faster Year-Over-Year Latest Video Federal deficit baloons to $984 billion for fiscal 2019, highest in 7 years USTR: US, China making headway on trade issues Cecchini: Another Fed rate cut this late in the market cycle isn't really going to matter More News from 'Around the Web' CNBC - 2:33PM Federal deficit increases 26% to $984 billion for fiscal 2019 Calculated Risk Blog - 2:01PM My Slide Deck: "2020 Economic Forecast featuring the UCI Paul Merage School of Business" Bloomberg - 1:23PM Fed Seen Cutting Rates Next Week and Then Hitting Pause Button Calculated Risk Blog - 12:53PM Q3 GDP Forecasts: Under 2.0% Bloomberg - 12:33PM Fed's Easing Break, German Optimism, Draghi's Exit: Eco Day Reuters - 11:53AM U.S. says close to finalizing parts of U.S.-China trade deal: CNBC Bloomberg - 11:07AM Macron Blocked EU's Decision to Delay Brexit for Three Months www.consumerfinancemonitor.com - 10:37AM CFPB to hold Nov. 6 symposium on Dodd-Frank Section 1071 CNBC - 10:14AM Consumer sentiment hits 95.5 in October, vs. estimate of 96 CNBC - 9:50AM Big changes could be in store for student loan borrowers www.consumerfinancemonitor.com - 9:14AM NY federal district enters final judgment against OCC in NYDFS lawsuit challenging fintech charter www.builderonline.com - 8:31AM Mortgage Foreclosures at 15-Year Low Reuters - 8:06AM China to ask U.S. to remove tariffs in exchange for ag buys in talks Friday: sources Reuters - 8:02AM Wall Street Weekahead: Bond fund managers see risk Fed cuts rates to zero www.consumerfinancemonitor.com - 8:01AM SCOTUS decision in Seila Law holding CFPB structure unconstitutional would not impact OCC or HUD Today's Rates Best Execution Rate Change 30 Yr FRM 3.81% +0.01 15 Yr FRM 3.40% +0.01 FHA 30 Year Fixed 3.38% +0.00 Jumbo 30 Year Fixed 3.82% +0.01 5/1 Yr ARM 3.45% +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 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.40% 0.30 +0.05 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 3.0 100.98 -0.06 30YR FNMA 3.5 102.34 -0.03 30YR GNMA 3.0 102.31 -0.06 30YR GNMA 3.5 103.67 0.00 15YR FNMA 3.0 102.09 -0.03 15YR FNMA 2.5 100.64 -0.03 Treasuries Yield Change 2 YR 1.6236% +0.0419 5 YR 1.6258% +0.0377 10 YR 1.7995% +0.0282 30 YR 2.2891% +0.0254 Prices as of: 10/25/2019 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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