Daily Newsletter: Freddie Posts Q1 Gain Despite Pandemic Hit; Rates Not Quite Back to All-Time Lows

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30 Year Fixed 3.19%   -0.03 15 Year Fixed 3.02%   -0.06 10YR Treasury 0.65%   +0.0171 FNMA 30YR 3.5 105.67   +0.14 FNMA 15YR 2.5 105.48   +0.09 View Today's Rates

Thursday April 30, 2020 MND NewsWire - 6:15PM Freddie Mac Posts Q1 Gain Despite Pandemic Hit Freddie Mac eked out a positive comprehensive income of $0.62 billion in the first quarter, $1.83 billion less than it posted in the fourth quarter of 2019 and $1.04 billion below earnings ... Mortgage Rate Watch - 5:42PM Lowest Mortgage Rates in More Than a Month, For Some Anyway Mortgage rates moved down again today, bringing the average lender to their best levels since the 2nd week of March. Some lenders are quoting their lowest rates ever, but early March ... Pipeline Press - 9:36AM Broker, Digital Products; G-Rate's Penalty; Sweeping Investor Changes As analysts pour through Freddie Mac’s earnings announcement this morning, when in captivity it is important to settle in quickly and efficiently . It is also important not to ... MBS Day Ahead: April Set to End as Narrowest Month For Bonds in 2020 Pending Sales Dip 20% but Realtors See Dislocation as Temporary Latest Video Here's how central banks and markets are responding to the economic fallout of Covid-19 The Fed adds a third loan option for companies with more debt Mnuchin: Money to backstop Fed loans are 'not grants' More News from 'Around the Web' www.redfin.com - 4:45PM New Listings Lag Home-Buying Demand, Homes for Sale in Redfin Markets at 5-Year Low Reuters - 4:42PM About half of U.S. states easing coronavirus restrictions as jobless numbers grow CNBC - 4:42PM Wells Fargo says it will no longer accept applications for home equity lines of credit www.realtor.com - 3:24PM Mortgage Rates Hit New All-Time Lows—and They May Fall More CNBC - 2:29PM New Jersey homeowners are getting some property tax relief. Here's what that means Calculated Risk Blog - 2:29PM Hotels: Occupancy Rate Declined 62.2% Year-over-year webfeeds.brookings.edu - 2:29PM We can afford more stimulus Calculated Risk Blog - 1:25PM Zillow Case-Shiller March Forecast: Still Showing Increasing YoY Price Gains, Mostly Pre-Crisis eyeonhousing.org - 12:00PM Share of Buyers Expecting Housing Availability to Improve Rises to Highest 1st Quarter Reading in Three Years Reuters - 11:38AM Fourth stimulus bill may not be needed if states bounce back: White House official eyeonhousing.org - 11:16AM Builder Confidence in the 55+ Housing Market Drops Significantly in First Quarter on Coronavirus Pandemic Calculated Risk Blog - 10:37AM Q1 2020 GDP Details on Residential and Commercial Real Estate CNBC - 10:03AM The Fed is expanding the scope of its Main Street lending to include bigger businesses Calculated Risk Blog - 9:39AM Personal Income decreased 2.0% in March, Spending decreased 7.5% CNBC - 8:37AM US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks CNBC - 8:06AM Treasury yields fall ahead of jobless claims as Fed vows to keep rates near zero Reuters - 8:06AM 'W-shaped' recovery may be too optimistic, Fed's Powell suggests www.realtor.com - 8:02AM In States Loosening Lockdowns, Will Real Estate Markets Rebound? Today's Rates Best Execution Rate Change 30 Yr FRM 3.19% -0.03 15 Yr FRM 3.02% -0.06 FHA 30 Year Fixed 3.25% -0.25 Jumbo 30 Year Fixed 4.41% +0.00 5/1 Yr ARM 4.00% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.43% 0.34 -0.02 15 Yr. Fixed 2.98% 0.28 -0.05 30 Yr. Jumbo 3.72% 0.00 -0.09 30 Yr. FHA 0.00% 0.00 -3.33 5/1 ARM 0.00% 0.00 -3.29 Freddie Mac ** 30 Yr. Fixed 3.23% 0.70 -0.10 15 Yr. Fixed 2.77% 0.60 -0.09 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.14% 0.40 -0.14 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 UMBS 3.0 105.56 +0.11 30YR UMBS 3.5 105.67 +0.14 30YR GNMA 3.0 106.48 +0.17 30YR GNMA 3.5 105.25 +0.03 15YR FNMA 3.0 105.48 +0.09 15YR FNMA 2.5 104.52 +0.06 Treasuries Yield Change 2 YR 0.2014% -0.0039 5 YR 0.3655% -0.0016 10 YR 0.6456% +0.0171 30 YR 1.2928% +0.0423 Prices as of: 4/30/2020 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. © 2020 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 Dip 20% but Realtors See Dislocation as Temporary; Fed Not in a Hurry to Withdraw

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30 Year Fixed 3.22%   -0.01 15 Year Fixed 3.08%   -0.02 10YR Treasury 0.63%   +0.0139 FNMA 30YR 3.5 105.53   -0.02 FNMA 15YR 2.5 105.39   0.00 View Today's Rates

Wednesday April 29, 2020 MND NewsWire - 11:06AM Pending Sales Dip 20% but Realtors See Dislocation as Temporary Everyone knew that the March pending home sales report, the first real measure of the impact of the COVID-19 impact on the residential real estate markets, was going to be bad. It was ... MND NewsWire - 8:16AM Mortgage Applications Show Possible Signs of an Upturn? The Mortgage Bankers Association (MBA) reported a second strong week for purchase applications last week although refinancing continued to dominate the mortgage market. MBA's Market ... MBS Commentary - 10:42AM MBS Day Ahead: 2.0 MBS Coupon Staking Its Claim; Fed Day This morning, GDP came out at -4.8%, the lowest reading since Q1, 2009. The Fed announcement and press conference will be out this afternoon. But the most interesting development may ... Pipeline Press - 10:26AM Digital, Customer Service Products; FHA COVID News; 1st Quarter GDP Takes a Big Hit While in captivity it is important to observe the impact of your words during meal times. (Warning: Rated R for language.) Measuring the financial impact of the government-instituted ... Mortgage Rates Lowest Since Early March, But Not For Everyone Homeownership Highest in Nearly 7 Years Latest Video Mnuchin: If we don't see a bounce back, we have contingency plans Federal Reserve leaves rates unchanged till economy back on track Fed's not any hurry to withdraw these measures to support economy during pandemic, says Jerome Powell More News from 'Around the Web' Reuters - 4:36PM Wall St. surges on promising coronavirus drug CNBC - 3:15PM Powell says the economy will likely need more support from the Fed for the recovery to be 'robust' Federal Reserve - 2:08PM Federal Reserve issues FOMC statement (full text) Reuters - 1:38PM Wall St jumps on coronavirus drug hopes; Fed in focus www.redfin.com - 12:43PM Homebuyers Confront Credit Crunch as Coronavirus Puts Lenders on Edge CNBC - 12:02PM Manhattan Real Estate New Listings Plunged 85% in the Last Week of March Reuters - 11:50AM McConnell says business protection a condition for next COVID bill CNBC - 11:21AM 8-month 'structured lockdowns' could halve economic damage from the coronavirus, research claims Reuters - 10:16AM Fed likely to renew pledge to use all tools to brace economy Calculated Risk Blog - 10:15AM NAR: Pending Home Sales Decrease 20.8% in March CNBC - 8:56AM Gilead reports 'positive data' on remdesivir coronavirus drug trial CNBC - 8:35AM US first-quarter GDP shrank 4.8%, vs 3.5% decline expected CNBC - 8:26AM The Fed's massive response to the coronavirus crisis in one chart www.npr.org - 8:25AM Poll: Half Of Americans Financially Affected By Coronavirus Reuters - 8:25AM Much of U.S. economy still plugging along despite coronavirus pain Today's Rates Best Execution Rate Change 30 Yr FRM 3.22% -0.01 15 Yr FRM 3.08% -0.02 FHA 30 Year Fixed 3.50% +0.05 Jumbo 30 Year Fixed 4.41% -0.01 5/1 Yr ARM 4.00% -0.12 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.43% 0.34 -0.02 15 Yr. Fixed 2.98% 0.28 -0.05 30 Yr. Jumbo 3.72% 0.00 -0.09 30 Yr. FHA 0.00% 0.00 -3.33 5/1 ARM 0.00% 0.00 -3.29 Freddie Mac ** 30 Yr. Fixed 3.33% 0.70 +0.02 15 Yr. Fixed 2.86% 0.70 +0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.28% 0.30 -0.06 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 UMBS 3.0 105.45 0.00 30YR UMBS 3.5 105.53 -0.02 30YR GNMA 3.0 106.30 +0.08 30YR GNMA 3.5 105.22 +0.23 15YR FNMA 3.0 105.39 0.00 15YR FNMA 2.5 104.45 +0.08 Treasuries Yield Change 2 YR 0.2033% -0.0118 5 YR 0.3687% -0.0079 10 YR 0.6300% +0.0139 30 YR 1.2534% +0.0481 Prices as of: 4/29/2020 5:00PM 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. © 2020 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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