Daily Newsletter: Tax Changes May be Hurting Housing; Purchase Volume Improves; Rates at 1-Mo Highs

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30 Year Fixed 4.37%   +0.03 15 Year Fixed 4.08%   +0.04 10YR Treasury 2.59%   +0.0018 FNMA 30YR 3.5 100.58   -0.03 FNMA 15YR 2.5 100.27   -0.02 View Today's Rates

Wednesday April 17, 2019 Mortgage Rate Watch - 3:54PM Mortgage Rates Quickly Find Themselves at 1 Month Highs Mortgage rates continued higher for the 5th day in a row today. This brings the average lender to the highest levels in exactly one month. At issue: a series of stronger economic reports ... MND NewsWire - 10:48AM New Tax Rules May Have Added to Housing Slowdown Two New York Federal Reserve Bank economists are asking whether the tax reform act that went into effect at the beginning of 2018 is playing a role in the decline of home sales. Richard ... MBS Commentary - 9:06AM MBS Day Ahead: Bonds Successfully Predict Chinese Rebound Over the years, there have been more times than I can count where the financial media has mistakenly assigned some significance to news or events in China. The past week has had its ... MND NewsWire - 8:17AM Purchase Volume Continues Higher Despite Rising Rates It would appear that Refis' time in the sun is listing back towards purchases, as mortgage rates increased for the second straight week and application volume retreated further . The ... Non-QM Products; Mortgage Mergers Roll On; QE Still Influencing Rates - a Primer Buyer Traffic Improves, Builders Still Leery of New Home Market Latest Video GDP tracking at 2.1% February wholesale inventories up 0.2% China GDP: what to watch More News from 'Around the Web' www.consumerfinancemonitor.com - 4:46PM CFPB Issues 2018 Consumer Response Annual Report www.realtor.com - 2:47PM Mortgages? Big Banks May Be Throwing In the Towel Reuters - 2:47PM Fed's Bullard says economic data should improve, yield curve steepen in coming months www.realtor.com - 1:23PM Many Millennials Are Putting Off These Milestones Until They Buy a Home Bloomberg - 1:22PM Mortgage Investors Keep a Wary Eye on Surging Home Purchases Calculated Risk Blog - 11:22AM AIA: "Architecture Billings Index backslides in March" eyeonhousing.org - 9:22AM Home Building Employment Across States and Congressional Districts CNBC - 8:54AM US trade deficit falls in February as shortfall with China decreases Bloomberg - 8:05AM The Fed's Fabled Soft Landing? It's Actually Happening Bloomberg - 8:05AM Powell Adopts Whites-of-the-Eyes Inflation Stance Yellen Shunned Today's Rates Best Execution Rate Change 30 Yr FRM 4.37% +0.03 15 Yr FRM 4.08% +0.04 FHA 30 Year Fixed 4.04% +0.04 Jumbo 30 Year Fixed 4.25% +0.01 5/1 Yr ARM 4.12% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.22% 1.43 -0.12 30 Yr. Fixed 4.78% 1.18 -0.20 MBA ** 30 Yr. Fixed 4.67% 0.00 +0.02 15 Yr. Fixed 0.00% 0.00 -4.00 30 Yr. Jumbo 0.00% 0.00 -4.40 30 Yr. FHA 0.00% 0.00 -4.64 5/1 ARM 0.00% 0.00 -3.95 Freddie Mac ** 30 Yr. Fixed 4.12% 0.50 +0.06 15 Yr. Fixed 3.60% 0.40 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.80% 0.40 +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 98.36 -0.06 30YR FNMA 3.5 100.58 -0.03 30YR GNMA 3.0 99.53 -0.06 30YR GNMA 3.5 101.44 -0.05 15YR FNMA 3.0 100.27 -0.02 15YR FNMA 2.5 98.61 -0.02 Treasuries Yield Change 2 YR 2.4043% -0.0101 5 YR 2.4043% -0.0016 10 YR 2.5940% +0.0018 30 YR 2.9935% -0.0016 Prices as of: 4/17/2019 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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