Daily Newsletter: Forbearances Slow to a Trickle; Mortgage Rates Stage Nice Comeback, But Uncertainty Remains

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30 Year Fixed 3.05%   -0.05 15 Year Fixed 2.70%   -0.04 10YR Treasury 0.65%   -0.0440 FNMA 30YR 3.5 105.50   +0.08 FNMA 15YR 2.5 105.36   +0.02 View Today's Rates

Friday May 29, 2020 Mortgage Rate Watch - 5:50PM Mortgage Rates Stage Nice Comeback, But Uncertainty Remains Mortgage rates staged a nice little comeback today, moving back toward the all-time lows seen late last week. Mortgage rates are determined primarily by the bond market, and the bond ... MND NewsWire - 8:36AM April's Forbearance Requests Slow to a Relative Trickle Black Knight says its research is showing that the numbers of new forbearance plans for homeowners financially affected by the COVID-19 pandemic have slowed to a trickle compared to ... MBS Commentary - 8:52AM MBS Day Ahead: Bonds Look to Challenge Trend With Powell on Deck The next Fed announcement is 1.5 weeks away and so it's time to start ramping up expectations for the details of the Fed's official QE announcement. But wait... Aren't they buying a ... Portfolio Monitoring, Non-QM, Corresp., Broker Products; Customer Satisfaction Survey Pending Sales Rout May Signal a Bounce for Housing - Realtors Latest Video Lending Tree Chief Economist: If there's a significant rise in unemployment, we may see more housing finance programs Why homebuilders are winning the Covid-19 race to recovery Pandemic squeezes already low housing supply More News from 'Around the Web' CNBC - 4:49PM House bill gives small businesses more time to use PPP loans and lets them spend less on payroll Calculated Risk Blog - 4:35PM Fannie Mae: Mortgage Serious Delinquency Rate Increased in April CNBC - 3:04PM Too little or too much money? No payment at all? Here's what the IRS has said about inaccurate stimulus payments www.realtor.com - 2:10PM Amid the Covid-19 Crisis, Single-Family Homes May Be the Smart Investment www.jchs.harvard.edu - 1:36PM Housing Could Help Lead the Post-Covid Economic Recovery eyeonhousing.org - 11:49AM April Personal Income Up 10.5% Due to CARES CNBC - 11:39AM Powell says the Fed is 'days away' from making the first loans in the Main Street lending facility Calculated Risk Blog - 10:29AM Real Personal Income less Transfer Payments eyeonhousing.org - 8:57AM Most Vulnerable Housing Markets Calculated Risk Blog - 8:45AM Personal Income increased 10.5% in April, Spending decreased 13.6%, Core PCE decreased 0.4% Reuters - 8:04AM With 'Main Street' in view, Fed weighs risks of job, productivity shocks CNBC - 8:04AM Corporations raise $1 trillion in the bond market after Fed backstop, double the pace of last year Today's Rates Best Execution Rate Change 30 Yr FRM 3.05% -0.05 15 Yr FRM 2.70% -0.04 FHA 30 Year Fixed 2.68% +0.00 Jumbo 30 Year Fixed 4.30% +0.10 5/1 Yr ARM 3.32% -0.03 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 3.42% 0.33 +0.01 15 Yr. Fixed 2.87% 0.30 -0.01 30 Yr. Jumbo 3.71% 0.29 +0.05 30 Yr. FHA 3.41% 0.30 -0.05 5/1 ARM 3.08% 0.01 -0.11 Freddie Mac ** 30 Yr. Fixed 3.15% 0.80 -0.09 15 Yr. Fixed 2.62% 0.70 -0.08 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.13% 0.40 -0.04 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 3.0 105.17 +0.08 30YR UMBS 3.5 105.50 +0.08 30YR GNMA 3.0 105.69 +0.16 30YR GNMA 3.5 105.81 +0.81 15YR FNMA 3.0 105.36 +0.02 15YR FNMA 2.5 104.61 +0.09 Treasuries Yield Change 2 YR 0.1642% -0.0098 5 YR 0.3036% -0.0363 10 YR 0.6526% -0.0440 30 YR 1.4110% -0.0515 Prices as of: 5/29/2020 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. © 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 Rout May Signal a Bounce for Housing - Realtors; All-Time Low Rates Already in Rearview

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30 Year Fixed 3.10%   +0.02 15 Year Fixed 2.74%   +0.04 10YR Treasury 0.69%   +0.0000 FNMA 30YR 3.5 105.42   -0.02 FNMA 15YR 2.5 105.34   +0.02 View Today's Rates

Thursday May 28, 2020 MND NewsWire - 10:46AM Pending Sales Rout May Signal a Bounce for Housing - Realtors Pending home sales cratered again in April, marking two straight months of declines that exceeded 20 percent. The National Association of Realtors® (NAR) said its Pending Home Sales ... Mortgage Rate Watch - 4:38PM Mortgage Rates Have Already Risen From All-Time Lows (But Only Slightly) It's Thursday, and thus time once again for Freddie Mac's weekly mortgage rate survey. This is the longest-running and most widely-cited snapshot of mortgage rates in the US, but it ... MBS Commentary - 9:14AM MBS Day Ahead: Why We're Watching Treasuries The market reaction to coronavirus made a mess of the relationship between Treasuries and MBS (and between MBS and mortgage rates for that matter). These disconnections can happen from ... Doc, MSR, Broker Products; Private MI Companies Motor On; Continuing Jobless Claims Drop Freddie's Loan Portfolio on Pace to Increase by 14.3 Percent This Year Latest Video Trading Nation: Homebuilders surge 44% this quarter, here's where it could be headed Pending home sales fell 21.8% in April Initial jobless claims total 2.123 million for week ending May 23 More News from 'Around the Web' Calculated Risk Blog - 4:25PM Hotels: Occupancy Rate Declined 50.2% Year-over-year, Slight Increase Week-over-week www.redfin.com - 4:25PM Miami Real Estate: What it's like Buying a Home During COVID-19 guide.freddiemac.com - 4:24PM Updated COVID-Related Underwriting Guidance from Freddie Reuters - 3:27PM Small-business loan terms eased under U.S. House-passed bill Reuters - 3:26PM Fed's Kaplan says U.S. economy has bottomed, ties rebound to testing CNBC - 2:05PM NY Fed President Williams says U.S. is not 'anywhere near' its limits to run up debt Calculated Risk Blog - 2:05PM Freddie Mac: Mortgage Serious Delinquency Rate increased in April CNBC - 2:04PM Millionaires cut spending, postpone big purchases for at least a year Reuters - 1:05PM S&P 500 drifts higher on healthcare, tech lift CNBC - 11:46AM Expanded unemployment benefits for self-employed reach 8 million workers Calculated Risk Blog - 11:24AM Kansas City Fed: "Tenth District Manufacturing Activity Continued to Decline" in May CNBC - 10:05AM Pending home sales plummet in April, but demand is showing signs of a rebound CNBC - 9:33AM Debt balances rise as the debate over extending student loan forgiveness continues in Congress Calculated Risk Blog - 8:55AM Q1 GDP Revised Down to -5.0% Annual Rate CNBC - 8:33AM Weekly jobless claims total 2.123 million, vs 2.05 million estimate Reuters - 8:05AM U.S. states, cities may snub Fed lending program over high rates CNBC - 8:05AM If the Fed opts for negative rates, it will need to be a 'Hail Mary,' Standard Chartered says www.realtor.com - 8:03AM Forget About Recessionary Real Estate Bargains: Home Prices Are Still Rising Today's Rates Best Execution Rate Change 30 Yr FRM 3.10% +0.02 15 Yr FRM 2.74% +0.04 FHA 30 Year Fixed 2.68% -0.07 Jumbo 30 Year Fixed 4.20% +0.01 5/1 Yr ARM 3.35% -0.01 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 3.42% 0.33 +0.01 15 Yr. Fixed 2.87% 0.30 -0.01 30 Yr. Jumbo 3.71% 0.29 +0.05 30 Yr. FHA 3.41% 0.30 -0.05 5/1 ARM 3.08% 0.01 -0.11 Freddie Mac ** 30 Yr. Fixed 3.15% 0.80 -0.09 15 Yr. Fixed 2.62% 0.70 -0.08 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.13% 0.40 -0.04 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 3.0 105.09 +0.03 30YR UMBS 3.5 105.42 -0.02 30YR GNMA 3.0 105.53 +0.02 30YR GNMA 3.5 105.00 -0.89 15YR FNMA 3.0 105.34 +0.02 15YR FNMA 2.5 104.52 +0.02 Treasuries Yield Change 2 YR 0.1740% -0.0098 5 YR 0.3399% -0.0127 10 YR 0.6949% +0.0000 30 YR 1.4605% +0.0020 Prices as of: 5/28/2020 4:51PM 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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