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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