Daily Newsletter: Rates Are Low, But They Should be Lower; Fannie Profit Plummets; Forbearance Fears Confirmed

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30 Year Fixed 3.19%   +0.00 15 Year Fixed 3.01%   -0.01 10YR Treasury 0.62%   -0.0275 FNMA 30YR 3.5 105.61   -0.06 FNMA 15YR 2.5 105.41   -0.08 View Today's Rates

Friday May 1, 2020 MND NewsWire - 12:36PM Fannie Profit Plummets; Forbearance Fears Confirmed Given their respective sizes, the economic dislocation created by the COVID-19 pandemic appears to have hit Fannie Mae harder than its competitor GSE Freddie Mac. Fannie Mae said on ... MBS Commentary - 10:46AM MBS Day Ahead: Rates Are Low, But How Low Should They Be? In the day ahead, bonds will digest manufacturing PMI data, both from IHS-Markit and ISM. While these PMIs are typically big market movers--potentially, at least--the impact of economic ... MND NewsWire - 11:07AM Home Seller Profits Still Significant Despite Coronavirus Impact Homeownership continued to be a significant builder of household wealth in the first quarter of this year. ATTOM Data Solutions said home sellers nationwide realized a home price gain ... MND NewsWire - 9:47AM Forbearance Count Nears Four Million, 7.3% of all Mortgages The number of COVID-19 related forbearance plans in effect with servicers continued to increase through the end of April according to a report released on Friday by Black Knight. Forbearance ... Correspondent Programs; Large and Small Investors Continue Program Shifts Freddie Mac Posts Q1 Gain Despite Pandemic Hit Latest Video Bank of America CEO: Stimulus impact will hit over the next few weeks Covid-19 is forcing mortgage and rent delays Market underestimating how weak economy will remain after reopening: Pro More News from 'Around the Web' CNBC - 4:05PM Gilead gets emergency FDA authorization for remdesivir to treat coronavirus, Trump says Reuters - 3:31PM Fed officials worry about lasting economic scars from crisis CNBC - 2:35PM Homeowners should grab this emergency lifeline before it dries up Reuters - 2:31PM Georgia businesses free to reopen as other U.S. states edge out of coronavirus shutdown Reuters - 1:04PM JPMorgan Chase approved to process $15 billion in new PPP loans Calculated Risk Blog - 12:38PM Q2 GDP Forecasts: Probably Around 30% Annual Rate Decline Reuters - 12:29PM World Stocks fall as Trump's China tariff threat dampens risk appetite eyeonhousing.org - 11:39AM Absorption Rate for Apartments Remained Stable in Q3 2019 CNBC - 10:10AM April's ISM manufacturing index is 41.5, vs 35 estimate CNBC - 9:21AM Coronavirus mortgage bailout program grows again as more homeowners delay payments CNBC - 9:21AM More big employers are talking about permanent work-from-home positions CNBC - 8:52AM Moderna could begin manufacturing unproven coronavirus vaccine in July, CEO says www.realtor.com - 8:25AM Despite the Coronavirus, Home Prices Are Still Rising—for Now CNBC - 8:15AM EU still working on coronavirus stimulus as economy shrinks at record rate CNBC - 8:06AM The market's comeback hinges on the economy reopening without any major setbacks Calculated Risk Blog - 8:03AM Black Knight: More than 3.8 Million Homeowners Now in COVID-19-Related Forbearance Plans Today's Rates Best Execution Rate Change 30 Yr FRM 3.19% +0.00 15 Yr FRM 3.01% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 4.40% -0.01 5/1 Yr ARM 4.02% +0.02 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 3.43% 0.34 -0.02 15 Yr. Fixed 2.98% 0.28 -0.05 30 Yr. Jumbo 3.72% 0.00 -0.09 30 Yr. FHA 0.00% 0.00 -3.33 5/1 ARM 0.00% 0.00 -3.29 Freddie Mac ** 30 Yr. Fixed 3.23% 0.70 -0.10 15 Yr. Fixed 2.77% 0.60 -0.09 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.14% 0.40 -0.14 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 3.0 105.52 -0.05 30YR UMBS 3.5 105.61 -0.06 30YR GNMA 3.0 106.53 +0.05 30YR GNMA 3.5 105.25 0.00 15YR FNMA 3.0 105.41 -0.08 15YR FNMA 2.5 104.47 -0.05 Treasuries Yield Change 2 YR 0.1978% -0.0036 5 YR 0.3529% -0.0126 10 YR 0.6181% -0.0275 30 YR 1.2531% -0.0397 Prices as of: 5/1/2020 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. © 2020 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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