Daily Newsletter: Affordability Gripes' Effect on Prices; Race/Income Implications of Housing Bill; Rates' Comeback

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30 Year Fixed 4.21%   -0.01 15 Year Fixed 3.92%   -0.01 10YR Treasury 2.47%   -0.0303 FNMA 30YR 3.5 101.08   +0.14 FNMA 15YR 2.5 100.63   +0.14 View Today's Rates

Tuesday April 2, 2019 MND NewsWire - 11:25AM UI Says GSE "Patch" has Race, Income Implications Last fall the Urban Institute (UI) published a paper asking, "What, if anything, should replace the QM Patch?" Now Laurie Goodman, UI's Vice President, Housing Finance Policy, is writing ... MND NewsWire - 2:50PM Affordability Gripes Slowing--But Not Derailing--Price Growth CoreLogic says its Home Price Index (HPI) for February reflected an increase of 0.7 percent from January to February and that home prices nationwide were up by 4.0 percent. The monthly ... Mortgage Rate Watch - 4:46PM Mortgage Rates Avoid Adding to Yesterday's Drama Mortgage rates spiked quickly yesterday, moving up to the highest levels in more than a week and adding an eighth of a percentage point (.125%) to Friday's latest quotes. Even on Friday ... MBS Commentary - 10:40AM MBS Day Ahead: What Do Bonds Care About Right Now, And Can The Answer Help Us? It's no mystery at this point that the US bond market has exited its steep, directional, and super friendly move to long-term lows over the past few days. While yields are starting ... Recruiting, Non-QM, Broker Products; Tech Survey; Vendor News Total Construction Spending Up 1%, Mostly Thanks to Public Sector Latest Video The economic slowdown is here, CNBC's Steve Liesman says The Fed will be on hold indefinitely, portfolio manager predicts House committee passes bill to help Americans save for retirement More News from 'Around the Web' Bloomberg - 4:44PM This Time Is Different for the Yield Curve? They Said That Last Time - Bloomberg Reuters - 3:12PM PM May seeks Brexit delay, compromise to break logjam CNN - 1:29PM May pledges to abide by Parliament's Brexit decision Calculated Risk Blog - 1:12PM Reis: Regional Mall Vacancy Rate increased Sharply in Q1 2019 CNBC - 1:12PM Lagarde: Global economy is in 'a delicate moment' and 'losing momentum' www.consumerfinancemonitor.com - 11:54AM CFPB Releases 2018 HMDA Data CNBC - 11:06AM Home prices are about to heat up again as interest rates fall eyeonhousing.org - 10:56AM Elevators Lack Popularity Among Home Buyers (And Other Unwanted Features) CNBC - 10:33AM Bank of America says it will make $5 billion in mortgages to low and moderate income borrowers CNBC - 10:05AM Residents in this metro area saw their taxes rise by more than $2,600 CNBC - 9:32AM Real estate website Zillow expands into the mortgage business Calculated Risk Blog - 9:13AM CoreLogic: House Prices up 4.0% Year-over-year in February Reuters - 8:48AM U.S. core capital goods orders slip in February, shipments unchanged Bloomberg - 8:05AM U.S. Treasuries Drop by the Most in 3 Months Reuters - 8:05AM UK lawmakers set out plans to force PM May to seek further delay to Brexit CNBC - 8:02AM No need for the Fed to enter 'panic mode' and cut rates now, says Moody's Today's Rates Best Execution Rate Change 30 Yr FRM 4.21% -0.01 15 Yr FRM 3.92% -0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.12% -0.01 5/1 Yr ARM 4.05% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.22% 1.43 -0.12 30 Yr. Fixed 4.78% 1.18 -0.20 MBA ** 30 Yr. Fixed 4.67% 0.00 +0.02 15 Yr. Fixed 0.00% 0.00 -4.00 30 Yr. Jumbo 0.00% 0.00 -4.40 30 Yr. FHA 0.00% 0.00 -4.64 5/1 ARM 0.00% 0.00 -3.95 Freddie Mac ** 30 Yr. Fixed 4.06% 0.50 -0.22 15 Yr. Fixed 3.57% 0.40 -0.14 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.75% 0.30 -0.09 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 99.19 +0.19 30YR FNMA 3.5 101.08 +0.14 30YR GNMA 3.0 100.03 +0.02 30YR GNMA 3.5 101.86 +0.11 15YR FNMA 3.0 100.63 +0.14 15YR FNMA 2.5 99.03 +0.08 Treasuries Yield Change 2 YR 2.3024% -0.0343 5 YR 2.2831% -0.0418 10 YR 2.4724% -0.0303 30 YR 2.8762% -0.0154 Prices as of: 4/2/2019 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Low Rate Surge Over, But What's Next? Refi Pool Expanded Just in Time For Rate Spike

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30 Year Fixed 4.22%   +0.11 15 Year Fixed 3.93%   +0.11 10YR Treasury 2.50%   +0.0959 FNMA 30YR 3.5 100.94   -0.42 FNMA 15YR 2.5 100.48   -0.39 View Today's Rates

Monday April 1, 2019 Mortgage Rate Watch - 4:53PM Mortgage Rates Surge 0.125% Higher Mortgage rates spiked quickly today, capping a 3-day run leading back up from the lowest levels in more than a year. Today's move was by far the biggest and it leaves the average lender ... MBS Commentary - 9:41AM MBS Week Ahead: Late-March Rally May be Over, But What's Next? In terms of directional movement, things have been great for bond markets since early November 2018. Much of that greatness, however, felt more like a correction to the swift selling ... MND NewsWire - 8:28AM Black Knight: Refi Pool Increases 50% in a Single Week Thanks to Lower Rates There are two strong headlines in Black Knight's new Mortgage Monitor . One is that the pool of homeowners for whom a refinance makes sense increased by 50 percent in a single week ... Pipeline Press - 9:09AM HELOC, Non-QM, and Rural Products; Credit News and Shifts in Guidelines (Yes, here is today’s actual commentary.) It is well known among loan officers that real estate agents don’t know their client’s credit situation before recommending ... Total Construction Spending Up 1%, Mostly Thanks to Public Sector Are Rates Bouncing After Best Month in a Decade? Latest Video Former Treasury Secretary Summers on progressive tax proposals, Fed credibility Why BTIG says there will be two rate cuts in 2019 March ISM Manufacturing hits 53.3, February construction spending up 1% More News from 'Around the Web' CNBC - 3:41PM Things are only getting tougher for Chair Jerome Powell and his 'all over the place' Fed Reuters - 2:16PM Mixed data offer glimmers of hope for slowing U.S. economy Reuters - 2:16PM British parliament weighs forcing May into a softer Brexit Calculated Risk Blog - 1:27PM Reis: Office Vacancy Rate decreased in Q1 to 16.6% Reuters - 11:37AM UK Conservative lawmaker: PM May must promise April 12 Brexit or resign CNBC - 10:54AM U.S. TREASURY YIELDS PARE RISE BRIEFLY AFTER U.S. FEB RETAIL SALES DATA Reuters - 10:28AM U.S. business inventories rise more than expected in January CNBC - 8:41AM Retail sales fell in February on lower spending on building materials, electronics, and groceries Reuters - 8:02AM Bond yield curveball stalls global stocks rally www.realtor.com - 8:01AM These 10 Cities Will Dominate Home Construction in 2019 Today's Rates Best Execution Rate Change 30 Yr FRM 4.22% +0.11 15 Yr FRM 3.93% +0.11 FHA 30 Year Fixed 4.00% +0.08 Jumbo 30 Year Fixed 4.13% +0.13 5/1 Yr ARM 4.05% +0.05 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.22% 1.43 -0.12 30 Yr. Fixed 4.78% 1.18 -0.20 MBA ** 30 Yr. Fixed 4.67% 0.00 +0.02 15 Yr. Fixed 0.00% 0.00 -4.00 30 Yr. Jumbo 0.00% 0.00 -4.40 30 Yr. FHA 0.00% 0.00 -4.64 5/1 ARM 0.00% 0.00 -3.95 Freddie Mac ** 30 Yr. Fixed 4.06% 0.50 -0.22 15 Yr. Fixed 3.57% 0.40 -0.14 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.75% 0.30 -0.09 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 99.00 -0.55 30YR FNMA 3.5 100.94 -0.42 30YR GNMA 3.0 100.02 -0.52 30YR GNMA 3.5 101.75 -0.41 15YR FNMA 3.0 100.48 -0.39 15YR FNMA 2.5 98.95 -0.42 Treasuries Yield Change 2 YR 2.3367% +0.0707 5 YR 2.3249% +0.0886 10 YR 2.5027% +0.0959 30 YR 2.8916% +0.0751 Prices as of: 4/1/2019 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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