Daily Newsletter: Rates Still Solid Despite Warning Signs; Mortgage Applications End March on Sour Note

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30 Year Fixed 4.48%   -0.01 15 Year Fixed 3.86%   -0.01 10YR Treasury 2.80%   +0.0220 FNMA 30YR 3.5 100.00   -0.06 FNMA 15YR 2.5 99.77   -0.02 View Today's Rates

Wednesday April 4, 2018 Mortgage Rate Watch - 3:56PM Mortgage Rates Still Solid Despite Warning Signs Mortgage rates were sideways to slightly lower today, depending on the lender. That presents something of an opportunity because underlying bond markets have been suggesting a move ... MND NewsWire - 9:26AM March Application Volume Ended on Sour Note The strong showing for both refinancing and purchase applications during the week ended March 23 didn't last, with both reversing course last week. The Mortgage Bankers Association ... MBS Commentary - 9:57AM MBS Day Ahead: China Tariff News May Not Be Enough For Bonds Although preliminary news was out yesterday about China potentially announcing retaliatory tariffs on the US, that announcement was officially made overnight. Actually, it was a borderline ... Pipeline Press - 9:14AM Referral and Disclosure Products; Down Payment and LTV Trends As residential origination volumes and margins contract, plenty of lenders are looking at construction, non-QM, bond, government, ARM, SBA, and USDA lending opportunities. Who are Acore ... Acting Director Urges Changes in CFPB's Structure Unwillingness to Refi or Sell Despite High Equity Latest Video Jeff Gundlach's bond call Santelli Exchange: "Striking" a balance on fair trade China announces new tariffs as trade tensions escalate More News from 'Around the Web' www.consumerfinancemonitor.com - 3:50PM CFPB issues twelfth semi-annual report Reuters - 3:50PM Facebook says data leak hits 87 million users, widening privacy scandal Calculated Risk Blog - 3:50PM U.S. Heavy Truck Sales up Year-over-year in March freddiemac.mwnewsroom.com - 1:26PM New Research Finds Increasing Preference for Renting Bloomberg - 1:25PM Bond Bears Battered by Recent Rally See Renewed Sign of Selloff Calculated Risk Blog - 12:23PM Annual Vehicle Sales: On Pace to be Unchanged in 2018 www.realtor.com - 11:13AM The Hot Debate: Can You Deduct Prepaid Property Taxes? CNBC - 10:35AM China's vice finance minister dismisses talk of selling US Treasurys in response to tariffs CNBC - 10:27AM US factory orders increase broadly in February CNBC - 10:09AM ISM non-manufacturing index hits 58.8 in March, vs. 59 estimate Reuters - 8:40AM U.S. escalates China trade showdown with tariffs on $50 billion in imports CNBC - 8:39AM 'Rip-roaring' job market adds another 241,000 in March: ADP/Moody's Bloomberg - 8:38AM Bid for Bonds Is Back, If You Look Beneath the Hood of ETF Flows Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% -0.01 15 Yr FRM 3.86% -0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.50% -0.02 5/1 Yr ARM 3.66% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.65% 1.14 +0.09 30 Yr. Fixed 4.19% 1.21 +0.02 MBA ** 30 Yr. Fixed 4.68% 0.46 -0.01 15 Yr. Fixed 4.12% 0.51 +0.05 30 Yr. Jumbo 4.55% 0.37 +0.00 30 Yr. FHA 4.69% 0.81 -0.04 5/1 ARM 3.83% 0.68 -0.10 Freddie Mac ** 30 Yr. Fixed 4.44% 0.50 -0.01 15 Yr. Fixed 3.90% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.66% 0.40 -0.02 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 97.25 -0.09 30YR FNMA 3.5 100.00 -0.06 30YR GNMA 3.0 98.27 -0.06 30YR GNMA 3.5 100.86 -0.02 15YR FNMA 3.0 99.77 -0.02 15YR FNMA 2.5 97.86 -0.03 Treasuries Yield Change 2 YR 2.2984% +0.0162 5 YR 2.6210% +0.0219 10 YR 2.8027% +0.0220 30 YR 3.0367% +0.0225 Prices as of: 4/4/2018 4:17PM 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Unwillingness to Refi or Sell Despite High Equity; CFPB Structure Change; Prices Defying Predictions

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30 Year Fixed 4.49%   +0.00 15 Year Fixed 3.87%   +0.00 10YR Treasury 2.78%   +0.0437 FNMA 30YR 3.5 100.08   -0.11 FNMA 15YR 2.5 99.80   -0.06 View Today's Rates

Tuesday April 3, 2018 MND NewsWire - 9:54AM Unwillingness to Refi or Sell Despite High Equity The amount of equity available for tapping by homeowners hit a new recent high in February . Meanwhile, mortgage prepayment rates (how quickly owners are refinancing or selling) fell ... MND NewsWire - 1:01PM Acting Director Urges Changes in CFPB's Structure The Acting Director of the Consumer Financial Protection Bureau (CFPB) presented the Bureaus semi-annual report to Congress on Monday. The report, which details CFPB's work through ... MND NewsWire - 12:43PM Home Prices Continue Upward, Defying Predictions February looks as though it may be yet another month when the long-predicted end to rising rates of home appreciation was supposed to happen and didn't. CoreLogic, the first to report ... Mortgage Rate Watch - 4:17PM Mortgage Rates Fairly Steady Despite Underlying Weakness Mortgage rates didn't move much today, on average, even though underlying bond markets suggested a move higher. We talked about the stock/bond relationship being fairly well intact ... Noteworthy Upcoming Events; LIBOR Update; 10YR Closes Lower for 3 Days MBS Day Ahead: Light Data Day and Potential Stock Bounce Latest Video Markets are rebounding, but will 'turnaround Tuesday' gains hold? Auto sales rate comes in at 17.48 million Market has started to trade tail risk of a trade war Today's Rates Best Execution Rate Change 30 Yr FRM 4.49% +0.00 15 Yr FRM 3.87% +0.00 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.52% +0.00 5/1 Yr ARM 3.67% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.65% 1.14 +0.09 30 Yr. Fixed 4.19% 1.21 +0.02 MBA ** 30 Yr. Fixed 4.68% 0.46 -0.01 15 Yr. Fixed 4.12% 0.51 +0.05 30 Yr. Jumbo 4.55% 0.37 +0.00 30 Yr. FHA 4.69% 0.81 -0.04 5/1 ARM 3.83% 0.68 -0.10 Freddie Mac ** 30 Yr. Fixed 4.44% 0.50 -0.01 15 Yr. Fixed 3.90% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.66% 0.40 -0.02 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 97.30 -0.22 30YR FNMA 3.5 100.08 -0.11 30YR GNMA 3.0 98.36 -0.08 30YR GNMA 3.5 100.91 -0.02 15YR FNMA 3.0 99.80 -0.06 15YR FNMA 2.5 97.89 -0.09 Treasuries Yield Change 2 YR 2.2822% +0.0323 5 YR 2.5974% +0.0471 10 YR 2.7771% +0.0437 30 YR 3.0094% +0.0428 Prices as of: 4/3/2018 4:25PM 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Mortgage Rates Begin April Near 2-Month Lows; Construction Spending Stalls

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30 Year Fixed 4.49%   -0.02 15 Year Fixed 3.87%   -0.02 10YR Treasury 2.73%   -0.0073 FNMA 30YR 3.5 100.19   +0.08 FNMA 15YR 2.5 99.86   +0.05 View Today's Rates

Monday April 2, 2018 Mortgage Rate Watch - 5:02PM Mortgage Rates Begin April Near 2-Month Lows Mortgage rates moved lower today as underlying bond markets generally followed a much bigger move in stocks. It's a common misconception that stocks and bond yields ("rates," for all ... MND NewsWire - 11:48AM Construction Spending Stalled for Second Month Construction spending continued to have a hard time getting out of the 2018 starting blocks in February. Overall spending from both the public and private sectors did manage a tiny ... MBS Commentary - 9:20AM MBS Day Ahead: Bonds Defend Recent Milestone Ahead of NFP Last week saw a potentially significant development for bond markets with the break below key technical levels in 10yr yields and the yield curve. For 10's, the key level had been ... Pipeline Press - 9:15AM State Law Changes for Lenders; What You Should Know About the Economy and Rates This year the usual Tax Day (April 15) falls on a Sunday, and the next day is Emancipation Day, a legal holiday in D.C. That means you have until midnight on April 17 to file. There’s ... Affordability is Declining and is Likely to Get Worse Recruiting and Workflow Products; Agency News; 10 YR Holds Below 2.8 Latest Video Here's how much homeowners could cash out in home equity Santelli Exchange: Vulnerable rates China announces new tariffs on 128 US products More News from 'Around the Web' www.npr.org - 3:51PM U.S. Stocks Tumble Amid Nervousness Over Tech Sector, China Trade War Reuters - 2:37PM More U.S. real estate deals can go ahead without appraisal: regulators www.bkfs.com - 2:37PM Black Knight's Mortgage Monitor: Tappable Equity Sees Greatest Calendar-Year Rise on Record, Increasing $735 Billion in 2017; HELOC Market Share Poised to Rise Bloomberg - 1:00PM Trade Concern Seeps Into Canadian Consumer Confidence Numbers American Bankers Assoc. - 10:57AM ABA Farm Bank Report: Ag Lending up 6 Percent in 2017 CNBC - 10:07AM ISM manufacturing index hits 59.3 in March; construction spending up 0.1% in February eyeonhousing.org - 9:47AM NAHB Releases New Home Building Employment Estimates by State www.realtor.com - 8:31AM Sky-High Prices Got You Down? Here Are the Top Middle-Class Housing Meccas Bloomberg - 8:28AM Rising Rates Sounding Alarm Bells for Debt-Laden US Consumers - Bloomberg Today's Rates Best Execution Rate Change 30 Yr FRM 4.49% -0.02 15 Yr FRM 3.87% -0.02 FHA 30 Year Fixed 4.25% -0.05 Jumbo 30 Year Fixed 4.52% -0.02 5/1 Yr ARM 3.66% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.65% 1.14 +0.09 30 Yr. Fixed 4.19% 1.21 +0.02 MBA ** 30 Yr. Fixed 4.68% 0.46 -0.01 15 Yr. Fixed 4.12% 0.51 +0.05 30 Yr. Jumbo 4.55% 0.37 +0.00 30 Yr. FHA 4.69% 0.81 -0.04 5/1 ARM 3.83% 0.68 -0.10 Freddie Mac ** 30 Yr. Fixed 4.44% 0.50 -0.01 15 Yr. Fixed 3.90% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.66% 0.40 -0.02 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 97.52 +0.11 30YR FNMA 3.5 100.19 +0.08 30YR GNMA 3.0 98.44 -0.06 30YR GNMA 3.5 100.92 -0.19 15YR FNMA 3.0 99.86 +0.05 15YR FNMA 2.5 97.98 +0.06 Treasuries Yield Change 2 YR 2.2499% -0.0202 5 YR 2.5503% -0.0117 10 YR 2.7334% -0.0073 30 YR 2.9666% -0.0055 Prices as of: 4/2/2018 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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