Daily Newsletter: Loan Performance Responds to Slowing Economy, Natural Disasters; Rates Jump After Tariff Delay

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30 Year Fixed 3.70%   +0.06 15 Year Fixed 3.38%   +0.06 10YR Treasury 1.70%   +0.0462 FNMA 30YR 3.5 102.44   -0.19 FNMA 15YR 2.5 102.08   -0.27 View Today's Rates

Tuesday August 13, 2019 MND NewsWire - 11:32AM Loan Performance Responds to Slowing Economy, Natural Disasters Both the Mortgage Bankers Association (MBA) and CoreLogic issued data on recent loan performance on Tuesday. For CoreLogic the Monthly Loan Performance Report covered May, MBA's National ... Mortgage Rate Watch - 5:13PM Mortgage Rates Jump After Tariff Delay Mortgage rates were still unchanged for many lenders as of this morning. There were even a few offering slightly lower rates compared to yesterday morning's offerings. That was a welcome ... MBS Commentary - 8:35AM MBS Day Ahead: First Econ Data of The Week, But Bonds Have Bigger Concerns In the day just passed, bonds put in their second biggest rally day of the past 3 weeks (the crazy ones) and their biggest rally day since yields bottomed out last week. Strikingly ... MBS Commentary - 6:07PM MBS RECAP: Old Friend Spoils What Might Have Been a Calm Day Bonds began the day in relatively unchanged territory versus yesterday's close and soon encountered the slightly stronger CPI data (2.2 vs 2.1% for CORE CPI). This gave the appearance ... Broker, DPA Products; August Events; Mortgage Rates Slow to Drop - Why? Fannie/Freddie Universal MBS Launch Has Been Seamless So Far Latest Video Household debt hits highest level since 2008: NY Fed USTR: Tariffs on certain products will be delayed until December 15 NFIB Small Business Optimism Index up 1.4 points in July to 104.7 More News from 'Around the Web' Bloomberg - 3:55PM Traders Are Hedging Against the Risk of U.S. Rates Hitting Zero - Bloomberg CNBC - 3:55PM Greenspan says 'there is no barrier' to negative yields in the US Bloomberg - 3:54PM U.S. Treasuries Shatter Historical Norms With 1% Yield in Reach - Bloomberg Reuters - 2:01PM U.S. inflation picking up; Fed rate cut still expected Reuters - 2:01PM Predicting the next U.S. recession CNBC - 2:00PM More signs point to a softer housing market, even as mortgage rates fall www.npr.org - 2:00PM Trump Administration Delays Some China Tariffs Calculated Risk Blog - 12:02PM NY Fed Q2 Report: "Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations Rise" CNBC - 10:29AM The 10 major U.S. cities where housing costs have increased the most Bloomberg - 10:05AM Volcker Revamp to Ease Banks' Trading Rules, Path to Investments CNBC - 8:41AM US consumer prices increase broadly in July CNBC - 8:04AM Bonds haven't been this popular since the financial crisis as recession fears rise Bloomberg - 8:04AM Kempen Capital Markets Roelof Salomons on Bond Yields, US Yield Curve Today's Rates Best Execution Rate Change 30 Yr FRM 3.70% +0.06 15 Yr FRM 3.38% +0.06 FHA 30 Year Fixed 3.40% +0.12 Jumbo 30 Year Fixed 3.79% +0.07 5/1 Yr ARM 3.55% +0.05 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 3.60% 0.60 -0.15 15 Yr. Fixed 3.05% 0.50 -0.15 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.36% 0.30 -0.10 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 3.0 101.33 -0.28 30YR FNMA 3.5 102.44 -0.19 30YR GNMA 3.0 102.52 -0.22 30YR GNMA 3.5 103.50 -0.17 15YR FNMA 3.0 102.08 -0.27 15YR FNMA 2.5 100.92 -0.33 Treasuries Yield Change 2 YR 1.6706% +0.0930 5 YR 1.5856% +0.0945 10 YR 1.7018% +0.0462 30 YR 2.1640% +0.0364 Prices as of: 8/13/2019 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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