Daily Newsletter: nCov Helping Rates, But Could it Hurt Housing?

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30 Year Fixed 3.29%   -0.04 15 Year Fixed 3.00%   -0.08 10YR Treasury 1.27%   -0.0515 FNMA 30YR 3.5 103.45   +0.06 FNMA 15YR 2.5 103.22   +0.08 View Today's Rates

Thursday February 27, 2020 MND NewsWire - 10:19AM Home Sales Crushed Expectations And Are Now Near a 2 Year High Pending home sales bounced back last month after an unexpectedly dismal performance ended the prior year. The National Association of Realtors ® said its Pending Home Sales Index ... Mortgage Rate Watch - 5:26PM Lowest Rates in 8 Years, But All Kinds of Disclaimers Mortgage rates hit the lowest levels in 8 years either today or yesterday, depending on the lender, just narrowly edging out the rates seen in early July 2016. There are multiple caveats ... MBS Day Ahead: Don't Expect Mortgage Rates to be Thrilled LO Jobs; Pooling, Non-QM, Appraisal Products; CFPB, Audit, Exams, and Compliance News Latest Video Fed most likely will cut rates in a risk averse move, researcher says CA Governor Newsom: We are working with CDC to expand testing Coronavirus may be housing headwind: Economist More News from 'Around the Web' Reuters - 4:39PM Wall Street on record correction pace as pandemic fears loom Reuters - 4:39PM Thousands in California being monitored for coronavirus: governor Reuters - 3:03PM Fed's Evans: too early to cut growth outlook or rates on coronavirus Reuters - 3:03PM Fed seen slashing rates amid virus threat, low inflation CNBC - 2:56PM Ex-Fed official Richard Fisher warns against Fed-to-the-rescue every time there's a crisis Reuters - 2:08PM Exclusive: U.S. mulls using sweeping powers to ramp up production of coronavirus protective gear CNBC - 2:08PM California is monitoring 8,400 people for the coronavirus Calculated Risk Blog - 11:27AM Kansas City Fed: "Tenth District Manufacturing Activity Increased Modestly" in February eyeonhousing.org - 11:08AM Multifamily Builder and Developer Confidence Unchanged in Fourth Quarter Calculated Risk Blog - 9:43AM Q4 GDP Unchanged at 2.1% Annual Rate CNBC - 9:26AM US weekly jobless claims rise more than expected CNBC - 9:26AM US orders for durable goods slip 0.2% in January CNBC - 8:31AM Goldman sees zero earnings growth for US companies this year because of coronavirus CNBC - 8:08AM Coronavirus live updates: Possible community spread in US, Japan to close all schools Reuters - 8:03AM Pandemic fears pummel stocks, push bond rally to fresh heights Today's Rates Best Execution Rate Change 30 Yr FRM 3.29% -0.04 15 Yr FRM 3.00% -0.08 FHA 30 Year Fixed 3.05% -0.07 Jumbo 30 Year Fixed 3.42% -0.05 5/1 Yr ARM 3.11% -0.07 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 3.73% 0.27 -0.04 15 Yr. Fixed 3.18% 0.23 -0.04 30 Yr. Jumbo 3.72% 0.23 -0.07 30 Yr. FHA 3.84% 0.26 -0.02 5/1 ARM 3.21% 0.28 -0.02 Freddie Mac ** 30 Yr. Fixed 3.45% 0.70 -0.04 15 Yr. Fixed 2.95% 0.80 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.20% 0.20 -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 UMBS 3.0 102.48 +0.09 30YR UMBS 3.5 103.45 +0.06 30YR GNMA 3.0 102.69 +0.09 30YR GNMA 3.5 104.28 +0.03 15YR FNMA 3.0 103.22 +0.08 15YR FNMA 2.5 102.16 +0.13 Treasuries Yield Change 2 YR 1.0714% -0.0933 5 YR 1.0799% -0.0532 10 YR 1.2739% -0.0515 30 YR 1.7701% -0.0388 Prices as of: 2/27/2020 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. © 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: Coronavirus Fears in High Gear; Important Lessons From Near-Record Low Mortgage Rates; Cheap Construction Loans Spur Custom Homes

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30 Year Fixed 3.34%   -0.08 15 Year Fixed 3.09%   -0.02 10YR Treasury 1.37%   -0.1024 FNMA 30YR 3.5 103.41   +0.06 FNMA 15YR 2.5 103.09   +0.14 View Today's Rates

Monday February 24, 2020 Mortgage Rate Watch - 7:18PM Important Lessons From Near-Record Low Mortgage Rates Mortgage rates continue to carve out the unlikeliest of victories in 2020 with significant help from coronavirus. The epidemic has taken a year that was almost certain to start off ... MBS Commentary - 10:58AM MBS Week Ahead: High Gear nCov Fear Pushing Rates Toward All-Time Lows Coronavirus (or nCov for short) made more disconcerting headlines over the weekend and has generally proven itself to be far more capable in that regard than its long lost cousin, SARS ... MND NewsWire - 12:20PM Cheaper Construction Loans Mean More Custom Homes Builders are finding that acquisition, development, and construction (ADC) loans in the last half of 2019 were both easier to access and less costly. That may be, in part, behind a ... Controller, LO Jobs; Compliance and Servicing Events; Coronavirus Dominating Markets Full Steam Ahead for Refi Boom as Rates Hit New Lows Existing Home Sales Showing Resilience and Lots of Potential for 2020 Latest Video Markets are pricing in aggressive response to coronavirus from Fed How home refinancing has stagnated the housing market Hogan: The market has taken notice now of the increase in virus cases outside of China More News from 'Around the Web' CNBC - 8:04PM Coronavirus update, earnings, consumer confidence: 3 things to watch for in the markets on Tuesday Reuters - 8:01PM Stocks tumble, oil falls, gold spikes as virus fears grip markets CNBC - 3:55PM Fed's Mester sees 'downside risk' from coronavirus, but does not want to cut rates Reuters - 2:45PM U.S. CDC confirms 53 coronavirus cases, including repatriated citizens Reuters - 2:45PM World must avert 'dramatic' effects of coronavirus on health, economy: U.N.'s Guterres Reuters - 2:45PM Markets bet Fed is pushed to cut rates in coronavirus response CNBC - 2:44PM The rate rout is heating up, and that could be good news for homebuilders CNBC - 11:58AM Goldman cuts US first-quarter GDP forecast to just over 1% on the coronavirus CNBC - 11:08AM Coronavirus fears could push mortgage rates past 4-year low Reuters - 10:06AM Factbox: Charting the impact of the new coronavirus Calculated Risk Blog - 9:26AM "Chicago Fed National Activity Index Points to an Uptick in Economic Growth in January" www.redfin.com - 8:36AM Housing Shortage Leads to Intense Competition Among Homebuyers Reuters - 8:06AM Exclusive: U.S. sees no material impact from virus on U.S.-China trade deal - for now Calculated Risk Blog - 8:02AM Quarterly Starts by Purpose and Design Today's Rates Best Execution Rate Change 30 Yr FRM 3.34% -0.08 15 Yr FRM 3.09% -0.02 FHA 30 Year Fixed 3.12% -0.06 Jumbo 30 Year Fixed 3.49% -0.08 5/1 Yr ARM 3.19% -0.09 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 3.72% 0.25 +0.01 15 Yr. Fixed 3.20% 0.27 +0.01 30 Yr. Jumbo 3.75% 0.17 +0.05 30 Yr. FHA 3.84% 0.26 +0.04 5/1 ARM 3.21% 0.13 -0.02 Freddie Mac ** 30 Yr. Fixed 3.49% 0.70 +0.02 15 Yr. Fixed 2.99% 0.80 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.25% 0.20 -0.03 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 3.0 102.39 +0.17 30YR FNMA 3.5 103.41 +0.06 30YR GNMA 3.0 102.64 +0.06 30YR GNMA 3.5 104.20 -0.03 15YR FNMA 3.0 103.09 +0.14 15YR FNMA 2.5 101.94 +0.22 Treasuries Yield Change 2 YR 1.2496% -0.1047 5 YR 1.2308% -0.0916 10 YR 1.3705% -0.1024 30 YR 1.8554% -0.0614 Prices as of: 2/24/2020 7:42PM 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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