Daily Newsletter: Pending Home Sales Just Hit a New All-Time High; Applications Slowed as Rush to Beat The New Fee Dies Down

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30 Year Fixed 2.98%   +0.00 15 Year Fixed 2.61%   +0.00 10YR Treasury 0.69%   +0.0345 FNMA 30YR 3.5 105.42   +0.05 FNMA 15YR 2.5 104.91   -0.03 View Today's Rates

Wednesday September 30, 2020 MND NewsWire - 10:04AM Pending Home Sales Just Hit a New All-Time High Contracts for existing home purchases rose for the fourth straight month in August and more than doubled the increase expected by most analysts. The National Association of Realtors® ... MND NewsWire - 8:34AM Mortgage Applications Slowed as Many Rush to Beat the Adverse Market Fee Mortgage application volume has fallen into an up and down pattern over the last few weeks and last week went to the negative side. The Mortgage Bankers Association said its Market ... Mortgage Rate Watch - 4:38PM The Market That Drives Mortgage Rates Just Had Its Worst Day in Weeks Mortgage rates don't just magically appear . Lenders don't choose them arbitrarily. To sustain the pace and scope of the mortgage market in the US (and indeed of most any debt), the ... MBS Commentary - 9:45AM MBS Day Ahead: Clear Reaction to Presidential Debate, But There's a Catch There has been an uncanny amount of sideways momentum in the bond market for months. The range has grown even narrower over the past 3 weeks with this week being the narrowest in decades ... MBS RECAP: Bonds Finally Make a Move. How Serious Is It? Servicing, MLO, Ops Jobs; Compliance, Jumbo Products; Webinars and Training; Housing, Jobs, and Stable Rates Latest Video Mortgage demand falls despite interest rates setting another record low Pending home sales index hits record high in August Sec. Mnuchin says progress made but no deal on new stimulus More News from 'Around the Web' CNBC - 4:36PM Fed's Daly calls for more fiscal help to get the economy out of a 'big ditch' Calculated Risk Blog - 4:36PM Fannie Mae: Mortgage Serious Delinquency Rate Increased in August news.google.com - 3:47PM I'm a financial planner, and there are 2 home-buying mistakes I've seen during the pandemic - Business Insider CNBC - 3:47PM Changes will be made for next Trump vs. Biden debate 'to maintain order' after ugly first round CNBC - 3:46PM Near-zero interest rates may be needed for up to 3 years, says Dallas Fed's Robert Kaplan CNBC - 12:32PM These cities are at risk of a housing bubble as home prices inflate worldwide Calculated Risk Blog - 9:00AM Q2 GDP Revised up to -31.4% Annual Rate CNBC - 8:28AM Private sector jobs up 749,000 in September, vs 600,000 estimate, ADP says CNBC - 8:06AM Christine Lagarde hints at a major tweak for the ECB's inflation target CNBC - 8:06AM Treasury yields mixed; debate, coronavirus treatment, stimulus in focus Today's Rates Best Execution Rate Change 30 Yr FRM 2.98% +0.00 15 Yr FRM 2.61% +0.00 FHA 30 Year Fixed 2.36% +0.00 Jumbo 30 Year Fixed 3.36% +0.01 5/1 Yr ARM 2.79% +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 3.10% 0.52 +0.05 15 Yr. Fixed 2.65% 0.49 +0.01 30 Yr. Jumbo 3.33% 0.39 -0.02 30 Yr. FHA 3.15% 0.43 -0.08 5/1 ARM 2.95% 0.55 -0.24 Freddie Mac ** 30 Yr. Fixed 2.90% 0.80 +0.03 15 Yr. Fixed 2.40% 0.70 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.90% 0.20 -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 3.0 104.75 0.00 30YR UMBS 3.5 105.42 +0.05 30YR GNMA 3.0 104.31 -0.03 30YR GNMA 3.5 104.42 -0.11 15YR UMBS 3.0 104.91 -0.03 15YR UMBS 2.5 104.41 0.00 Treasuries Yield Change 2 YR 0.1309% +0.0039 5 YR 0.2784% +0.0253 10 YR 0.6857% +0.0345 30 YR 1.4539% +0.0371 Prices as of: 9/30/2020 4:56PM 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: Perfect Storm For Home Prices; Will Low Rates Care About The Debate?

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30 Year Fixed 2.98%   -0.01 15 Year Fixed 2.61%   -0.06 10YR Treasury 0.65%   -0.0098 FNMA 30YR 3.5 105.38   +0.03 FNMA 15YR 2.5 104.94   +0.03 View Today's Rates

Tuesday September 29, 2020 Mortgage Rate Watch - 3:59PM Mortgage Rates Still Sideways to Slightly Lower The average mortgage lender continues to offer top tier conventional 30yr fixed rates in the "high 2% to low 3%" neighborhood. Exactly where any given quote will reside in that neighborhood ... MND NewsWire - 11:35AM Perfect Storm For Home Prices? The growth of home prices nationally continued to accelerate in July according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The National Index, which covers ... MBS Commentary - 9:37AM MBS Day Ahead: Presidential Debate Could Offer Hints at Bonds' Election Game Plan The absence of volatility in the bond market cannot be overemphasized at the moment, or during most any moment since mid August. Rather than drift toward a more committed stance--as ... MBS RECAP: Treasury Consolidation Runs Out of Room, But MBS Keep Gaining Ops Jobs Coast to Coast; Re-Branding, Finance, Digital Tools Latest Video Weakened home affordability could impact urban flight Consumer Confidence Index at 101.8, best number since March 2020 Paychex September small business report shows slow increase in hiring More News from 'Around the Web' Reuters - 3:00PM Fed's Williams sees about three years for full U.S. recovery news.google.com - 1:36PM 'We're at War': New York City Faces a Financial Abyss - The New York Times CNBC - 1:36PM JPMorgan predicts a 10% rally for the S&P 500 and names the U.S. sectors to watch CNBC - 10:17AM New York bankruptcies reportedly surge 40% during pandemic Calculated Risk Blog - 9:47AM Case-Shiller: National House Price Index increased 4.8% year-over-year in July CNBC - 8:58AM Democrats' new $2.2 trillion bill includes a second round of $1,200 stimulus checks Calculated Risk Blog - 8:04AM MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 6.87%" Today's Rates Best Execution Rate Change 30 Yr FRM 2.98% -0.01 15 Yr FRM 2.61% -0.06 FHA 30 Year Fixed 2.36% -0.01 Jumbo 30 Year Fixed 3.35% +0.00 5/1 Yr ARM 2.78% +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 3.07% 0.32 +0.00 15 Yr. Fixed 2.61% 0.35 -0.01 30 Yr. Jumbo 3.41% 0.27 +0.01 30 Yr. FHA 3.16% 0.35 +0.00 5/1 ARM 3.20% 0.58 +0.21 Freddie Mac ** 30 Yr. Fixed 2.90% 0.80 +0.03 15 Yr. Fixed 2.40% 0.70 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.90% 0.20 -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 3.0 104.75 +0.03 30YR UMBS 3.5 105.38 +0.03 30YR GNMA 3.0 104.34 +0.13 30YR GNMA 3.5 104.53 +0.03 15YR UMBS 3.0 104.94 +0.03 15YR UMBS 2.5 104.41 +0.06 Treasuries Yield Change 2 YR 0.1270% -0.0019 5 YR 0.2531% -0.0095 10 YR 0.6479% -0.0098 30 YR 1.4149% -0.0038 Prices as of: 9/29/2020 4:18PM 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: More New Homes Bought With Non-Conventional Financing in 2019; Can Rates Break The Range This Week?

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30 Year Fixed 2.99%   -0.01 15 Year Fixed 2.67%   +0.05 10YR Treasury 0.66%   +0.0049 FNMA 30YR 3.5 105.34   -0.02 FNMA 15YR 2.5 104.91   -0.02 View Today's Rates

Monday September 28, 2020 MND NewsWire - 11:56AM More New Homes Bought With Non-Conventional Financing in 2019 Non-conventional lending enjoyed a substantial increase in its share of the market for financing new home purchases in 2019. The National Association of Home Builders (NAHB) says, while ... MBS Commentary - 3:49PM MBS RECAP: Jobs Week. Now Can We Break The Range? Jobs Week. Now Can We Break The Range? The end of the week brings the first Friday of the month (of October!) and thus the big jobs report--the economic data that has ruled all others ... Pipeline Press - 8:54AM Hiring Process Analysis; Sales, Marketing, Fee Collection, Margin Tools; Flood Insurance Questions Thank you to those who wrote commenting about the Yelp study showing that 164,000 businesses across our nation have closed since March . “Bouncing back” quickly from that ... MBS Week Ahead: Jobs Week. Now Can We Break The Range? Stellar Housing Data; Rates Inching Lower Latest Video Stimulus, election are weighing on the markets: Wharton's Jeremy Siegel The 9 a.m. Bond Report: September 28, 2020 Why Latinos are driving the increase in homeownership More News from 'Around the Web' CNBC - 3:46PM If the presidential debate has a clear winner, it could show up in a big market move CNBC - 2:17PM The U.S. is 'not in a good place' as daily coronavirus cases grow beyond 40,000, Fauci says Calculated Risk Blog - 11:41AM Dallas Fed: "Texas Manufacturing Recovery Picks Up Steam" in September eyeonhousing.org - 9:21AM Share of Non-Conventional Financing Increased in 2019 Calculated Risk Blog - 8:02AM Commercial Real Estate Scarring Today's Rates Best Execution Rate Change 30 Yr FRM 2.99% -0.01 15 Yr FRM 2.67% +0.05 FHA 30 Year Fixed 2.37% -0.01 Jumbo 30 Year Fixed 3.35% +0.00 5/1 Yr ARM 2.77% -0.02 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 3.07% 0.32 +0.00 15 Yr. Fixed 2.61% 0.35 -0.01 30 Yr. Jumbo 3.41% 0.27 +0.01 30 Yr. FHA 3.16% 0.35 +0.00 5/1 ARM 3.20% 0.58 +0.21 Freddie Mac ** 30 Yr. Fixed 2.90% 0.80 +0.03 15 Yr. Fixed 2.40% 0.70 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.90% 0.20 -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 3.0 104.72 +0.03 30YR UMBS 3.5 105.34 -0.02 30YR GNMA 3.0 104.22 -0.11 30YR GNMA 3.5 104.50 -0.56 15YR UMBS 3.0 104.91 -0.02 15YR UMBS 2.5 104.34 +0.02 Treasuries Yield Change 2 YR 0.1289% -0.0020 5 YR 0.2657% -0.0016 10 YR 0.6610% +0.0049 30 YR 1.4233% +0.0214 Prices as of: 9/28/2020 4:22PM 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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