Daily Newsletter: Rates Are Still Falling, Mortgage Apps Bounce Back Amid Refi Rush

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30 Year Fixed 3.64%   -0.03 15 Year Fixed 3.29%   -0.02 10YR Treasury 1.60%   -0.0343 FNMA 30YR 3.5 102.66   +0.03 FNMA 15YR 2.5 102.36   +0.08 View Today's Rates

Wednesday October 2, 2019 Mortgage Rate Watch - 4:49PM Rates Are Still Falling, But Not Precipitously Mortgage rates are historically quite low and they managed to continue lower today . This is in addition to a steady string of improvements that began more than 2 weeks ago. But whereas ... MND NewsWire - 8:04AM Mortgage Apps Jump Back Up, Borrowers Rush to Refi The volume of mortgage applications rebounded sharply last week as homeowners rushed to refinance in response to another drop in mortgage rates. The Mortgage Bankers Association (MBA ... MBS Commentary - 9:28AM MBS Day Ahead: Still Consolidating, But Now More Enthusiastically In the day just passed, the bond market improved by an amount that would be considered fairly strong compared to the previous session's closing levels. But when examined from intraday ... Pipeline Press - 8:49AM Construction, Broker, Valuation Products; USDA, FHA, VA Updates Across the Board Ever heard of Divvy Homes , ZeroDown , or Flyhomes ? You should have, because your potential clients probably have. Startups are aiming to break down obstacles to homeownership, and ... Residential Construction Severely Lagging 2018 Lower Rates, Moderating Price Growth Make a Great Environment for Buyers Latest Video Mansion tax had a big bearing on Q3 home sales: Douglas Elliman CEO We won't necessarily see a recession in 2020: El-Erian Fixed income, equity markets show signs of slowing economy: Economist More News from 'Around the Web' Reuters - 5:10PM U.S. to hit EU with tariffs of 10% on aircraft, 25% on other goods: official Bloomberg - 5:10PM Brexit Negotiations Get Serious as U.K.'s Johnson Unveils Plan - Bloomberg Reuters - 2:24PM Wall Street drops 2% on U.S. growth concerns CNBC - 1:22PM Williams says the Fed has the tools to fight a recession and can use them 'more quickly' next time www.realtor.com - 1:20PM Banks Moving Flood-Based Mortgage Risks Out of Private Sector, Paper Finds Calculated Risk Blog - 11:13AM BEA: September Vehicles Sales increased to 17.2 Million SAAR Reuters - 10:34AM Merkel wants negotiated Brexit, but prepared for no-deal scenario CNBC - 8:21AM September private payrolls up 135K vs. 125K est.: ADP/Moody's CNBC - 8:00AM Manhattan real estate prices take the biggest tumble since the financial crisis Reuters - 8:00AM Outlier? Influencer? Fed's Bullard catches Trump's eye Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% -0.03 15 Yr FRM 3.29% -0.02 FHA 30 Year Fixed 3.25% -0.05 Jumbo 30 Year Fixed 3.67% -0.02 5/1 Yr ARM 3.38% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.79% 1.21 -0.12 30 Yr. Fixed 4.39% 1.12 -0.22 MBA ** 30 Yr. Fixed 4.12% 0.38 +0.08 15 Yr. Fixed 3.48% 0.32 +0.06 30 Yr. Jumbo 4.07% 0.21 +0.04 30 Yr. FHA 4.01% 0.28 +0.04 5/1 ARM 3.58% 0.27 +0.02 Freddie Mac ** 30 Yr. Fixed 3.64% 0.60 -0.09 15 Yr. Fixed 3.16% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.38% 0.40 -0.11 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 3.0 101.69 +0.11 30YR FNMA 3.5 102.66 +0.03 30YR GNMA 3.0 102.81 +0.08 30YR GNMA 3.5 103.88 +0.05 15YR FNMA 3.0 102.36 +0.08 15YR FNMA 2.5 101.06 +0.11 Treasuries Yield Change 2 YR 1.4840% -0.0579 5 YR 1.4349% -0.0537 10 YR 1.6009% -0.0343 30 YR 2.0876% -0.0299 Prices as of: 10/2/2019 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: Freddie Sees Stronger Housing Market This Fal; Residential Construction Lagging Badly

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30 Year Fixed 3.67%   -0.05 15 Year Fixed 3.31%   -0.04 10YR Treasury 1.64%   -0.0328 FNMA 30YR 3.5 102.63   +0.02 FNMA 15YR 2.5 102.28   +0.08 View Today's Rates

Tuesday October 1, 2019 MND NewsWire - 10:56AM Freddie Sees Stronger Housing Market This Fall Despite expecting an economic slowdown as reflected in the gross domestic product (GDP), Freddie Mac published a pretty upbeat September forecast as the month, the third quarter, and ... Mortgage Rate Watch - 4:27PM Mortgage Rates Much Lower After Manufacturing Report Mortgage rates were already at their lowest levels in a few weeks by yesterday afternoon--a journey that largely consisted of baby steps. There have been a few days that have seen more ... MND NewsWire - 5:27PM Residential Construction Severely Lagging 2018 Overall construction spending has been virtually static for much of the year. The Census Bureau reported on Tuesday that it had risen by 0.1 percent from July to August to a seasonally ... MND NewsWire - 8:16AM Two Story Homes and Open Floor Plans Top Buyer Wish Lists, Especially Millennials The open floor plan continues to be the most popular type of living space among potential recent and potential homebuyers, especially younger ones, according to a recent survey by the ... Lower Rates, Moderating Price Growth Make a Great Environment for Buyers Sales Events, Recruiting Products; Conventional Conforming News MBS Day Ahead: Volatility Risks Increase (Not What Mortgage Market Wants to Hear) Latest Video ISM Manufacturing slips to 47.8 in September, vs. 50.2 expected How WeWork could impact the real estate market A trade deal could make bond markets treacherous, Payne Capital Management president More News from 'Around the Web' CNBC - 4:20PM Atlanta Fed's GDP tracker points to slower growth in the third quarter CNBC - 4:20PM Here's why markets are reacting so negatively to the manufacturing report CNBC - 2:25PM The bond market's roller coaster ride could continue until there's a clear signal either way on recession Reuters - 2:03PM Fears of U.S. slowdown weigh on stocks; bonds rally Bloomberg - 2:03PM Mortgage Investors Buoyed as Refinancings Signal Prepayment Peak - Bloomberg Calculated Risk Blog - 12:34PM Construction Spending Increased Slightly in August, Down 1.9% YoY eyeonhousing.org - 11:50AM Outlying Areas Show Most Home Building per Capita CNBC - 10:06AM US manufacturing economy contracts to worst level in a decade www.consumerfinancemonitor.com - 9:45AM Federal Banking Agencies Increase Transaction Value Appraisal Exemption Bloomberg - 8:06AM Bets That Fed Rate Cuts Will Dent Dollar May Prove ‘Dangerous' Bloomberg - 8:05AM Bond Markets Are Unlikely to `Outperform' for the Rest of 2019, Says State Street's Timothy Graf Today's Rates Best Execution Rate Change 30 Yr FRM 3.67% -0.05 15 Yr FRM 3.31% -0.04 FHA 30 Year Fixed 3.30% -0.10 Jumbo 30 Year Fixed 3.69% -0.04 5/1 Yr ARM 3.35% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.79% 1.21 -0.12 30 Yr. Fixed 4.39% 1.12 -0.22 MBA ** 30 Yr. Fixed 4.12% 0.38 +0.08 15 Yr. Fixed 3.48% 0.32 +0.06 30 Yr. Jumbo 4.07% 0.21 +0.04 30 Yr. FHA 4.01% 0.28 +0.04 5/1 ARM 3.58% 0.27 +0.02 Freddie Mac ** 30 Yr. Fixed 3.64% 0.60 -0.09 15 Yr. Fixed 3.16% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.38% 0.40 -0.11 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 3.0 101.58 +0.05 30YR FNMA 3.5 102.63 +0.02 30YR GNMA 3.0 102.73 +0.03 30YR GNMA 3.5 103.83 -0.16 15YR FNMA 3.0 102.28 +0.08 15YR FNMA 2.5 100.95 +0.09 Treasuries Yield Change 2 YR 1.5419% -0.0838 5 YR 1.4886% -0.0570 10 YR 1.6352% -0.0328 30 YR 2.0911% -0.0229 Prices as of: 10/1/2019 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. © 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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