Daily Newsletter: Regional Home Price Patterns Shifting; December Construction Not So Hot; Rates Hug Lows Post-Powell

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30 Year Fixed 4.45%   -0.01 15 Year Fixed 4.05%   -0.01 10YR Treasury 2.64%   -0.0305 FNMA 30YR 3.5 100.39   +0.14 FNMA 15YR 2.5 100.03   +0.08 View Today's Rates

Tuesday February 26, 2019 MND NewsWire - 12:05PM Regional Home Price Patterns Continue to Shift Both the Federal Housing Finance Agency (FHFA) and the S&P CoreLogic Case-Shiller housing indices acknowledged further slowing in home price appreciation in December. The Case-Shiller ... MND NewsWire - 11:14AM December's Residential Construction Report Not Worth the Wait Sometime things are just not worth the wait. The long-delayed December report on residential construction from the Census Bureau and the Department of Housing and Urban Development ... Mortgage Rate Watch - 4:41PM Mortgage Rates Still Near Lows After Powell Testimony Whereas mortgage rates were almost undetectably higher yesterday, they were lower by roughly the same insignificant amount today. In either case, and unless they make a much bigger ... Pipeline Press - 9:01AM Renovation, Training, USDA Products; Why do Mortgages Have Different Prices? We all learn something every day. For example, did you know that the grocery chain Trader Joe’s is owned by a huge German supermarket chain? Yup. How about loud noise impacts ... MBS Day Ahead: Jerome Powell Testimony Could Set Stage For Next Big Move Freddie Mac Portfolio Growth Slowed in January Latest Video Powell: The nation's debt is unsustainable December housing starts drop to lowest level in more than two years Home Depot earnings miss shows housing market slowing, says research analyst More News from 'Around the Web' Reuters - 3:55PM Fed's Bullard says not ready to call for a rate cut: Fox Business Reuters - 3:54PM Fed's Powell says 'no rush' to hike rates in 'solid' but slowing economy CNBC - 1:47PM More married couples are living with roommates to save on the cost of housing CNBC - 1:46PM Fed chief says economic theory of unlimited borrowing supported by Ocasio-Cortez is just 'wrong' CNBC - 11:51AM Fed Chief Powell on mounting US deficit: It would be a 'very big deal' to not pay our bills when due CNBC - 10:27AM Consumer confidence hits 131.4 in February, vs 124 expected CNBC - 9:53AM Powell warns of headwinds, says the Fed is prepared to 'adjust' on balance sheet unwind if needed Bloomberg - 8:04AM Powell to Duck Taking Sides as Two Fed Camps Square Off on Rates Reuters - 8:03AM Home Depot forecasts poor 2019 earnings as U.S. housing momentum slows www.redfin.com - 8:02AM More Home-Sellers are Dropping Their Prices Than in Previous Winters as Buyers Seize More Control of the Market Today's Rates Best Execution Rate Change 30 Yr FRM 4.45% -0.01 15 Yr FRM 4.05% -0.01 FHA 30 Year Fixed 4.13% -0.01 Jumbo 30 Year Fixed 4.29% +0.00 5/1 Yr ARM 4.36% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.34% 1.16 +0.04 30 Yr. Fixed 4.98% 1.17 -0.01 MBA ** 30 Yr. Fixed 4.69% 0.45 -0.07 15 Yr. Fixed 4.11% 0.47 -0.05 30 Yr. Jumbo 4.50% 0.28 -0.10 30 Yr. FHA 4.70% 0.57 -0.07 5/1 ARM 4.04% 0.37 -0.10 Freddie Mac ** 30 Yr. Fixed 4.35% 0.50 -0.02 15 Yr. Fixed 3.78% 0.40 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.84% 0.30 -0.04 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 98.17 +0.16 30YR FNMA 3.5 100.39 +0.14 30YR GNMA 3.0 99.16 +0.05 30YR GNMA 3.5 101.17 +0.06 15YR FNMA 3.0 100.03 +0.08 15YR FNMA 2.5 98.31 +0.11 Treasuries Yield Change 2 YR 2.4839% -0.0260 5 YR 2.4468% -0.0344 10 YR 2.6375% -0.0305 30 YR 3.0079% -0.0232 Prices as of: 2/26/2019 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: Can We Stop Freaking Out About Independent Mortgage Banks Now? Rates Only Modestly Higher After Tariff News

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30 Year Fixed 4.46%   +0.01 15 Year Fixed 4.06%   +0.01 10YR Treasury 2.67%   +0.0144 FNMA 30YR 3.5 100.23   -0.09 FNMA 15YR 2.5 99.95   -0.02 View Today's Rates

Monday February 25, 2019 MND NewsWire - 3:20PM Can We Stop Freaking Out About Independent Mortgage Banks Now? Independent mortgage banks (IMBs) have been around for more than a century. but have taken on increased significance and power in the marketplace since the housing crisis. The Mortgage ... Mortgage Rate Watch - 3:24PM Mortgage Rates Only Modestly Higher After Tariff News Mortgage rates were very nearly unchanged today, although the average lender was just slightly higher. Investors reacted to news over the weekend that the US/China tariff deadline would ... MBS Commentary - 9:10AM MBS Day Ahead: Tariff Extension is Old News as Bonds Wait For Powell and Data The "big" news over the weekend was the announcement of an extension on US/China tariffs that were set to go into effect on March 1st. While an eventual trade deal would still be a ... Pipeline Press - 8:57AM Workflow and Profitability Products; Study on Referrals; Events and Training When you hear “Midwest” what comes to mind? Missouri? Illinois? What about “Mideast?” Some place a long way from Missouri! “Rob, have you heard that the ... MBS Day Ahead: Fed Hard at Work Dialing in Porridge Temp Broker, Non-QM Products; Lenders and Investors React to VA and FHA Changes Latest Video Santelli Exchange: Inflation vs. the cost of living Fed Chair Powell takes different approach than predecessors, speaks more often with Congress Preliminary read for December wholesale inventories up 1.1 percent Today's Rates Best Execution Rate Change 30 Yr FRM 4.46% +0.01 15 Yr FRM 4.06% +0.01 FHA 30 Year Fixed 4.14% +0.01 Jumbo 30 Year Fixed 4.29% +0.00 5/1 Yr ARM 4.36% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.34% 1.16 +0.04 30 Yr. Fixed 4.98% 1.17 -0.01 MBA ** 30 Yr. Fixed 4.69% 0.45 -0.07 15 Yr. Fixed 4.11% 0.47 -0.05 30 Yr. Jumbo 4.50% 0.28 -0.10 30 Yr. FHA 4.70% 0.57 -0.07 5/1 ARM 4.04% 0.37 -0.10 Freddie Mac ** 30 Yr. Fixed 4.35% 0.50 -0.02 15 Yr. Fixed 3.78% 0.40 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.84% 0.30 -0.04 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 98.03 -0.09 30YR FNMA 3.5 100.23 -0.09 30YR GNMA 3.0 99.11 +0.02 30YR GNMA 3.5 101.11 -0.02 15YR FNMA 3.0 99.95 -0.02 15YR FNMA 2.5 98.20 -0.03 Treasuries Yield Change 2 YR 2.5099% +0.0125 5 YR 2.4812% +0.0102 10 YR 2.6680% +0.0144 30 YR 3.0311% +0.0144 Prices as of: 2/25/2019 4:40PM 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: Rates Fall as Fed Dials in "Warm Bowl of Porridge"; Lenders React to FHA/VA Changes; Fannie Forecasts

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30 Year Fixed 4.45%   -0.01 15 Year Fixed 4.05%   -0.01 10YR Treasury 2.65%   -0.0414 FNMA 30YR 3.5 100.33   +0.23 FNMA 15YR 2.5 99.97   +0.14 View Today's Rates

Friday February 22, 2019 Mortgage Rate Watch - 6:12PM Mortgage Rates Only Slightly Lower Despite Strong Bond Market Mortgage rates are most directly affected by the day to day movement in the bond market. It's interesting to consider that bonds improved quite a bit today, even though mortgage rates ... MBS Commentary - 9:56AM MBS Day Ahead: Fed Hard at Work Dialing in Porridge Temp If you're not familiar with these terms, you'll need the following definitions for today's commentary: hawkish/dovish . The Fed is a key ingredient in the market movement outlook going ... Pipeline Press - 8:53AM Broker, Non-QM Products; Lenders and Investors React to VA and FHA Changes In the good news category, we can all knock “lumber prices” off the list as a hindrance to builders. Prices are down 25% in the last year. Is it “easier” to ... MND NewsWire - 8:20AM Fannie Mae Lowers Several Forecasts Fannie Mae is predicting a notable slowdown in the growth of the U.S. economy in the first quarter of 2019. They have downgraded their earlier forecast by 0.1 percent to an annualized ... NAR: Home Sales "Likely to Have Reached a Cyclical Low" Closing Rate, Refinance Share Rose in January Latest Video The Fed is telling us now they will be accomadative going forward, says David Ellison Tariff impact on home improvement products Fed: FOMC will be patient on rate moves More News from 'Around the Web' Reuters - 5:17PM Trump says inclined to extend trade deadline, to meet China's Xi soon Calculated Risk Blog - 2:43PM Fannie and Freddie: Combined REO inventory declined in Q4, Down 21% Year-over-year CNBC - 2:12PM The Fed is about to start public sessions on how it can improve policy CNBC - 1:39PM Fed's Quarles: We'd 'quickly reassess' balance sheet plan if problems came up Bloomberg - 1:12PM Mortgage Sector Boosted Thanks to Low Volatility and Dovish Fed Reuters - 12:24PM Fed to keep open mind in review of strategy, tools, Clarida says Reuters - 11:30AM Fed says U.S. economy ended 2018 with solid but weakening growth www.redfin.com - 10:59AM How to Buy Your First Home Like an Economist eyeonhousing.org - 10:36AM Reasons Why Home Buyers Move Calculated Risk Blog - 10:08AM MBA: The Unemployment Rate and Mortgage Delinquency Rate Reuters - 8:08AM A Fed pivot, born of volatility, missteps, and new economic reality Today's Rates Best Execution Rate Change 30 Yr FRM 4.45% -0.01 15 Yr FRM 4.05% -0.01 FHA 30 Year Fixed 4.13% -0.01 Jumbo 30 Year Fixed 4.29% -0.01 5/1 Yr ARM 4.36% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 4.34% 1.16 +0.04 30 Yr. Fixed 4.98% 1.17 -0.01 MBA ** 30 Yr. Fixed 4.69% 0.45 -0.07 15 Yr. Fixed 4.11% 0.47 -0.05 30 Yr. Jumbo 4.50% 0.28 -0.10 30 Yr. FHA 4.70% 0.57 -0.07 5/1 ARM 4.04% 0.37 -0.10 Freddie Mac ** 30 Yr. Fixed 4.35% 0.50 -0.02 15 Yr. Fixed 3.78% 0.40 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.84% 0.30 -0.04 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 98.13 +0.33 30YR FNMA 3.5 100.33 +0.23 30YR GNMA 3.0 99.09 +0.25 30YR GNMA 3.5 101.13 +0.06 15YR FNMA 3.0 99.97 +0.14 15YR FNMA 2.5 98.23 +0.19 Treasuries Yield Change 2 YR 2.4974% -0.0333 5 YR 2.4710% -0.0424 10 YR 2.6536% -0.0414 30 YR 3.0167% -0.0336 Prices as of: 2/22/2019 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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