Daily Newsletter: Refi Wave Continues; Lenders May Have Capacity Restraints; Existing Home Sales 1st Annual Gain in 17 Months

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30 Year Fixed 3.65%   +0.07 15 Year Fixed 3.34%   +0.07 10YR Treasury 1.59%   +0.0389 FNMA 30YR 3.5 102.52   -0.09 FNMA 15YR 2.5 102.36   -0.05 View Today's Rates

Wednesday August 21, 2019 MND NewsWire - 8:11AM Refinancing Wave Continues; Lenders May Have Capacity Restraints The volume of mortgage applications continued to be shored up by refinancing during the week ended August 16, but overall activity was down. The Mortgage Bankers Association (MBA) said ... Mortgage Rate Watch - 4:58PM Mortgage Rates Pop Higher Mortgage rates moved higher today, and it had nothing to do with any of the day's events or news headlines. Quite simply put, the bond market (which dictates the rates that can offered ... MND NewsWire - 11:19AM Low Rates "Nudged" Existing Home Buyers NAR says Existing home sales returned to an upward track in July after dipping 1.7 percent in June. The National Association of Realtors® (NAR) said pre-owned single-family homes, townhomes ... MND NewsWire - 8:16AM Share of Custom Home Construction Remains Flat Residential construction has been famously slow for several years and some new analysis of Census data by the National Association of Home Builders (NAHB) shows that the lack of robustness ... MBS Day Ahead: Consolidating Into Fed Minutes, But Not Because They Guarantee a Breakout Customer Retention, Broker Products; Yield Curve and Mortgage Rates Latest Video Fed: Rate cut viewed as 'recalibration' Existing home sales see first year-over-year increase in 17 months Here's how flattening interest rates are affecting the housing market More News from 'Around the Web' eyeonhousing.org - 4:58PM Contrasting Built-for-Rent and For-Sale New Single-Family Homes Bloomberg - 3:15PM Traders Maintain Bets on 2019 Fed Easing After FOMC Minutes - Bloomberg CNBC - 2:22PM Trump reverses course, says he's not considering tax cuts because of 'strong economy' Federal Reserve - 2:22PM Minutes of the Federal Open Market Committee, July 30-31, 2019 Reuters - 2:22PM Fed debated bigger rate cut, wanted to avoid appearing on path for more cuts Calculated Risk Blog - 1:25PM Comments on July Existing Home Sales Bloomberg - 1:25PM Big Treasury Options Trade Shows Anxiety About Jackson Hole - Bloomberg Calculated Risk Blog - 1:25PM AIA: "Architecture Billings Index Continues Its Streak of Soft Readings" Calculated Risk Blog - 12:03PM Employment: Preliminary annual benchmark revision shows downward adjustment of 501,000 jobs Bloomberg - 10:05AM Fed Minutes, Biarritz to Jackson Hole, Rate Cuts Ahead: Eco Day CNBC - 9:33AM Italy's crisis could lead to 3 different scenarios for its volatile bond market Bloomberg - 8:03AM Household Income Outpaces GDP in Many Developed Nations Bloomberg - 8:03AM Goldman Sachs Expects Fed to Cut Twice More in ‘Hall of Mirrors' Today's Rates Best Execution Rate Change 30 Yr FRM 3.65% +0.07 15 Yr FRM 3.34% +0.07 FHA 30 Year Fixed 3.30% +0.05 Jumbo 30 Year Fixed 3.75% +0.05 5/1 Yr ARM 3.45% +0.04 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% 0.50 +0.00 15 Yr. Fixed 3.07% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.35% 0.30 -0.01 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 3.0 101.55 -0.11 30YR FNMA 3.5 102.52 -0.09 30YR GNMA 3.0 102.77 -0.02 30YR GNMA 3.5 103.77 +0.05 15YR FNMA 3.0 102.36 -0.05 15YR FNMA 2.5 101.16 -0.09 Treasuries Yield Change 2 YR 1.5754% +0.0651 5 YR 1.4735% +0.0455 10 YR 1.5910% +0.0389 30 YR 2.0744% +0.0383 Prices as of: 8/21/2019 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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