Daily Newsletter: Rates Breathe Sigh of Relief; Headship Rates and What They Tell Us About Housing

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30 Year Fixed 4.65%   -0.04 15 Year Fixed 4.13%   -0.02 10YR Treasury 2.82%   -0.0091 FNMA 30YR 3.5 99.69   +0.13 FNMA 15YR 2.5 99.44   +0.11 View Today's Rates

Friday July 6, 2018 Mortgage Rate Watch - 6:12PM Mortgage Rates Breathe Sigh of Relief Mortgage rates finally fell today--something that's proven elusive since roughly June 15th. Incidentally, that's when financial markets began bracing for the impact of the tariffs that ... MND NewsWire - 12:54PM Headship Rates Indicate 2.4M Missing Millennial Households Recently the National Association of Home Builders (NAHB) released a study, based on census data, showing an increasing percentage of young adults, about a third of those in the Millennial ... Pipeline Press - 8:58AM State-level Investor Changes - Lending Law Tweaks; Economics Moving Rates Everyone needs some learnin’, and LOs and underwriters are very interested in income, education, and trends. The US Census Bureau tells us that since the mid-1900s, postsecondary ... MBS Commentary - 8:12AM MBS Day Ahead: Jobs Report Versus Tariff Reaction As investors have sought a safe haven from trade-related risks, bonds have benefited more than they otherwise might have and stocks have been restrained. The trick is that a trade war ... Can A.I. Fix Income Calcs For Mortgages? Funny You Should Ask Securitization and Agency Risk Transfers Continue to Shape Capital Markets Latest Video China strikes back at US tariffs and companies are worried Let people make more money before the Fed lowers the boom, says Jim Cramer Jobs report trumps trade war fears More News from 'Around the Web' CNBC - 4:08PM San Francisco house prices explode in the first half of 2018 as tech boom shows no signs of slowing webfeeds.brookings.edu - 3:34PM Hutchins Roundup: Low term spreads, rising markups, and more Calculated Risk Blog - 3:12PM Las Vegas Real Estate in June: Sales Down 4% YoY, Inventory down 11% CNBC - 2:45PM Big oil is sowing the seeds for a 'super-spike' in crude prices above $150, Bernstein warns Federal Reserve - 2:16PM Agencies issue statement regarding the impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act www.freddiemac.mwnewsroom.com - 1:39PM With New Policy, ACIS Loss Coverage Reaches $10 Billion eyeonhousing.org - 1:15PM Females Enter the Labor Force in June Bloomberg - 11:24AM Russia Slaps Import Duties on Some US Goods in Tariffs Fight Calculated Risk Blog - 10:17AM Comments on June Employment Report Bloomberg - 10:04AM US Trade Deficit Narrows to Smallest Since 2016 on Soybean Exports CNBC - 9:09AM Trade deficit drops to 1½-year low in May CNBC - 8:32AM Nonfarm payrolls increase by 213,000 in June vs. 195,000 estimate Reuters - 8:06AM U.S. job growth seen strong in June, wages picking up Reuters - 8:05AM As tariffs strike, China blames U.S. for 'largest-scale trade war' Today's Rates Best Execution Rate Change 30 Yr FRM 4.65% -0.04 15 Yr FRM 4.13% -0.02 FHA 30 Year Fixed 4.37% -0.02 Jumbo 30 Year Fixed 4.59% -0.06 5/1 Yr ARM 3.99% -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 4.52% 0.50 -0.03 15 Yr. Fixed 3.99% 0.40 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.74% 0.30 -0.13 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 97.08 +0.16 30YR FNMA 3.5 99.69 +0.13 30YR GNMA 3.0 98.02 +0.06 30YR GNMA 3.5 100.48 +0.14 15YR FNMA 3.0 99.44 +0.11 15YR FNMA 2.5 97.25 +0.13 Treasuries Yield Change 2 YR 2.5406% -0.0162 5 YR 2.7178% -0.0134 10 YR 2.8236% -0.0091 30 YR 2.9308% -0.0209 Prices as of: 7/6/2018 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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Daily Newsletter: Rates Sideways Ahead of Big-Ticket Events; Can A.I. Fix Income Calcs For Mortgages? Funny You Should Ask

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30 Year Fixed 4.69%   +0.01 15 Year Fixed 4.15%   +0.02 10YR Treasury 2.83%   +0.0000 FNMA 30YR 3.5 99.56   +0.02 FNMA 15YR 2.5 99.33   0.00 View Today's Rates

Thursday July 5, 2018 MND NewsWire - 5:22PM Can A.I. Fix Income Calcs For Mortgages? Funny You Should Ask Fannie Mae's Lender Sentiment Survey has foreshadowed the growing attention to automating the loan approval process. That survey underlined the extent to which lenders are viewing increased ... Mortgage Rate Watch - 4:26PM Rates Staying Sideways Ahead of Big-Ticket Events Mortgage rates were sideways to slightly higher today as financial markets returned for the final 2 days of the holiday-shortened week. Trade war anxiety is front and center for both ... MND NewsWire - 8:33AM At Mid-Year, Mortgage Application Volume Continues Decline In spite of a slight uptick in purchase activity, the overall pace of mortgage applications fell again during the week ended June 29. The Mortgage Bankers Association's (MBA's) Market ... Pipeline Press - 9:00AM Securitization and Agency Risk Transfers Continue to Shape Capital Markets Basketball folks have been talking about 33-year old LeBron James signing a four-year, $154 million deal with the Lakers. I don’t know the intricacies and details of the contract ... MBS Day Ahead: Back From Break, Bonds Still Waiting For a Breakout Millennials Still Aren't Home Alone Latest Video Fed Minutes: Many districts report concern over tariffs Mortgage applications drop desite dip in rates US tariffs on China to go into effect tomorrow More News from 'Around the Web' CNBC - 3:02PM Fed balance sheet runoff hits another snag www.consumerfinancemonitor.com - 4:57PM CFPB Addresses Partial HMDA Exemption for Certain Depository Lenders Reuters - 2:11PM Fed on lookout for recession but still sees strong economy: minutes Reuters - 1:10PM China says U.S. 'opening fire' on world with tariffs, vows to respond eyeonhousing.org - 1:10PM Three-story Single-family Homes Calculated Risk Blog - 1:09PM June Employment Preview CNBC - 11:25AM The U.S. labor shortage is reaching a critical point Calculated Risk Blog - 11:07AM Reis: Office Vacancy Rate increased in Q2 to 16.6% Calculated Risk Blog - 10:13AM ISM Non-Manufacturing Index increased to 59.1% in June freddiemac.mwnewsroom.com - 10:05AM Mortgage Rates Continue Recent Decline www.freddiemac.com - 9:51AM Homeownership: A Considerable Achievement Currently Facing Hurdles Bloomberg - 8:24AM Tariff Countdown, Fed Minutes, Carney Hits Upbeat Note: Eco Day Bloomberg - 8:23AM Pricey Vancouver Housing Market Weakens With Buyers on Sidelines Bloomberg - 8:22AM As Japan Dumps Treasuries, It's Piling Into Riskier US Assets Bloomberg - 8:22AM Rife With Anxiety, Markets Are Churning at the Fastest Rate Since 2008 www.realtor.com - 8:21AM The Hottest Markets in June 2018: What Happens When They Get Too Hot? Bloomberg - 8:19AM Traders Grapple With One Big Question: Are Tariffs Priced In? CNBC - 8:18AM Private payrolls badly miss expectations, increasing by 177K in June vs. 190K estimate CNBC - 8:18AM Investors are so nervous about a potential recession that they're preparing for one Today's Rates Best Execution Rate Change 30 Yr FRM 4.69% +0.01 15 Yr FRM 4.15% +0.02 FHA 30 Year Fixed 4.39% +0.01 Jumbo 30 Year Fixed 4.65% -0.01 5/1 Yr ARM 4.00% +0.00 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 4.52% 0.50 -0.03 15 Yr. Fixed 3.99% 0.40 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.74% 0.30 -0.13 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 96.92 +0.02 30YR FNMA 3.5 99.56 +0.02 30YR GNMA 3.0 97.95 +0.11 30YR GNMA 3.5 100.34 -0.02 15YR FNMA 3.0 99.33 0.00 15YR FNMA 2.5 97.13 0.00 Treasuries Yield Change 2 YR 2.5568% +0.0244 5 YR 2.7312% +0.0085 10 YR 2.8327% +0.0000 30 YR 2.9470% -0.0132 Prices as of: 7/5/2018 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. © 2018 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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