Daily Newsletter: Purchase Volume Falls Slightly From 9-Year High; Smaller Loans More Risky?

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30 Year Fixed 4.28%   -0.08 15 Year Fixed 3.97%   -0.09 10YR Treasury 2.52%   -0.0505 FNMA 30YR 3.5 100.89   +0.22 FNMA 15YR 2.5 100.48   +0.17 View Today's Rates

Wednesday April 24, 2019 MND NewsWire - 10:45AM Urban Institute Debunks Myth of Risky Small-Dollar Loans Conventional wisdom, according to the Urban Institute (UI), holds that small mortgages are riskier than large ones. That may be one reason that only one out of four homes sold for ... MND NewsWire - 8:11AM Purchase Volume Takes a Hit, Responding to Rising Interest Rates Rising interest rates continued to take a toll on mortgage applications during the week ended April 19. Even purchase mortgage volume fell victim to the increasing rates after rising ... Mortgage Rate Watch - 4:39PM Mortgage Rates Drop to Lowest Levels in More Than a Week Mortgage rates moved lower at their best pace in several weeks today, with the average lender making it back to levels not seen since April 12th. The gains were bigger than normal for ... MBS Commentary - 9:19AM MBS Day Ahead: Add Australia to The List of Overseas Economies Moving Markets We can go years at a time without so much as a mention of Australia--at least not as it relates to the global economy. But now for the 2nd time in as many weeks, we've seen a noticeable ... Non-QM, Document Products; News From FHA, VA, HFAs; Compass and API New Home Sales Best Estimates, Inventories Decline Latest Video How some companies are profiting off of consumer data Overall we don't think there is a recession in the near term, says CIO What should the Fed do next? More News from 'Around the Web' eyeonhousing.org - 5:06PM FHA-Backed Mortgages Finance Increasing Share of New Home Sales Bloomberg - 5:05PM Mortgage Traders Breathe Easier as the Risk of a Refinancing Wave Ebbs eyeonhousing.org - 3:09PM Conventional Mortgages Outpace Government Mortgages for Purchase www.builderonline.com - 1:59PM Short Term Rentals Spark Lawsuit in Bend Ore. CNBC - 1:59PM Trump's Fed pick Moore in trouble again, once called Cincinnati and Cleveland 'armpits of America' www.realtor.com - 1:56PM Fannie and Freddie's Uncertain Future, Explained Calculated Risk Blog - 11:46AM Philly Fed: State Coincident Indexes increased in 37 states in March CNBC - 11:09AM Uneven housing recovery persists, with some markets still behind their pre-recession peak CNBC - 8:52AM Maybe inflation is not dead as many major companies say they are raising prices Today's Rates Best Execution Rate Change 30 Yr FRM 4.28% -0.08 15 Yr FRM 3.97% -0.09 FHA 30 Year Fixed 4.00% -0.02 Jumbo 30 Year Fixed 4.18% -0.09 5/1 Yr ARM 4.07% -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 4.17% 0.50 +0.05 15 Yr. Fixed 3.62% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.78% 0.30 -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 98.78 +0.25 30YR FNMA 3.5 100.89 +0.22 30YR GNMA 3.0 99.86 +0.19 30YR GNMA 3.5 101.64 +0.19 15YR FNMA 3.0 100.48 +0.17 15YR FNMA 2.5 98.89 +0.20 Treasuries Yield Change 2 YR 2.3198% -0.0441 5 YR 2.3119% -0.0491 10 YR 2.5181% -0.0505 30 YR 2.9359% -0.0457 Prices as of: 4/24/2019 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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Daily Newsletter: New Home Sales Best Estimates; Rates Up Again; Should we Care About Oil Prices?

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30 Year Fixed 4.36%   +0.01 15 Year Fixed 4.06%   +0.01 10YR Treasury 2.57%   -0.0181 FNMA 30YR 3.5 100.69   +0.11 FNMA 15YR 2.5 100.34   +0.08 View Today's Rates

Tuesday April 23, 2019 MND NewsWire - 11:37AM New Home Sales Best Estimates, Inventories Decline New home sales continued on a winning streak in March , increasing for the third straight month. The U.S. Census Bureau and the Department of Housing and Urban Development said sales ... MBS Commentary - 9:41AM MBS Day Ahead: Should we Care About Rising Oil Prices Oil is one of the most fundamental economic inputs when it comes to determining costs and thus inflation. Inflation is one of the most fundamental inputs when it comes to determining ... Mortgage Rate Watch - 3:42PM Mortgage Rates Move Up Despite Market Gains When bonds make "gains," it means that bond prices are moving up. The price of a bond is like the amount that a lender is willing to pay for the right to collect a certain amount of ... MND NewsWire - 11:02AM Home Price Appreciation Hit the Brakes in February per FHFA The pace of home price appreciation slowed notably in February , at least as reflected in the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI). The index, which is ... Subservicer Products; Vendor Updates - Raising Money, Buying Lenders, and Using Blockchain Lenders Look to Technology Solutions to Increase Profitability Latest Video S&P 500 breaks above all-time closing high New home sales rise 4.5% in March Santelli Exchange: Cautionary tale for 2019 More News from 'Around the Web' www.realtor.com - 3:54PM 2019's Housing Market Is Likely to Be Stronger Than We Thought—Here's Why CNBC - 3:54PM 10 of the best places to buy a home instead of renting CNBC - 2:14PM The Fed's key interest rate keeps climbing higher, and that could become a problem Reuters - 2:13PM S&P 500 closes in on record high after upbeat earnings Bloomberg - 2:13PM Wall Street Tells Mortgage Buyers Wider Spreads Are a Point of Entry CNBC - 10:49AM Brexit talks resume as May's leadership comes under renewed pressure Reuters - 10:08AM U.S. new home sales rise to near one-and-a-half-year high CNBC - 9:22AM Even 30% of older, wealthier millennials had help paying for their first home Bloomberg - 8:08AM Next FOMC Policy Move Will Likely Be a Cut, Says Credit Agricole's Marinov Bloomberg - 8:08AM Fed Seems Resigned to Bubble Risk in Effort to Extend Expansion Today's Rates Best Execution Rate Change 30 Yr FRM 4.36% +0.01 15 Yr FRM 4.06% +0.01 FHA 30 Year Fixed 4.02% +0.02 Jumbo 30 Year Fixed 4.27% +0.02 5/1 Yr ARM 4.12% +0.02 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 4.17% 0.50 +0.05 15 Yr. Fixed 3.62% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.78% 0.30 -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 98.53 +0.13 30YR FNMA 3.5 100.69 +0.11 30YR GNMA 3.0 99.67 +0.41 30YR GNMA 3.5 101.47 +0.09 15YR FNMA 3.0 100.34 +0.08 15YR FNMA 2.5 98.70 +0.13 Treasuries Yield Change 2 YR 2.3618% -0.0248 5 YR 2.3593% -0.0253 10 YR 2.5686% -0.0181 30 YR 2.9800% -0.0103 Prices as of: 4/23/2019 4:13PM 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: March Home Sales Couldn't Repeat February's Win, but 2019 Should be Better; Construction Buoyed by West

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30 Year Fixed 4.35%   +0.01 15 Year Fixed 4.05%   +0.01 10YR Treasury 2.59%   +0.0271 FNMA 30YR 3.5 100.58   -0.14 FNMA 15YR 2.5 100.27   -0.03 View Today's Rates

Monday April 22, 2019 MND NewsWire - 11:53AM March Home Sales Couldn't Repeat February's Win The question this morning was whether March's existing home sales could build on the strong numbers posted in February, an 11.8 percent increase from the prior month with a seasonally ... MND NewsWire - 8:14AM Residential Construction Lags Expectations, Except in the West Contrary to expectations, all three of the residential construction measures from the U.S. Census Bureau and the Department of Housing and Urban Development fell in March . Not only ... Mortgage Rate Watch - 4:54PM Mortgage Rates Modestly Higher to Start The Week Mortgage rates were higher again on Monday, but just barely. The average lender was still in worse shape on Tuesday or Wednesday of last week when rates were the highest they'd been ... MND NewsWire - 8:22AM Fannie Mae: Residential Investment, Home Sales Will Improve in 2019 For the second month in a row we find ourselves stating that Fannie Mae's forecast , while still predicting a slowdown in economic growth this year, appears overall more upbeat than ... MBS Day Ahead: Limited Data as Rates Try to Find Next Ceiling Non-QM, HELOC Products; Specified Pool Primer; LO Comp and Licensing Update Latest Video Santelli Exchange: Cautionary tale for 2019 Consumer sector remains stable in global economy, says portfolio manger US existing home sales in March down more than expected Today's Rates Best Execution Rate Change 30 Yr FRM 4.35% +0.01 15 Yr FRM 4.05% +0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.25% +0.00 5/1 Yr ARM 4.10% +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 4.17% 0.50 +0.05 15 Yr. Fixed 3.62% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.78% 0.30 -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 98.41 -0.16 30YR FNMA 3.5 100.58 -0.14 30YR GNMA 3.0 99.27 -0.33 30YR GNMA 3.5 101.38 -0.17 15YR FNMA 3.0 100.27 -0.03 15YR FNMA 2.5 98.58 -0.14 Treasuries Yield Change 2 YR 2.3866% +0.0064 5 YR 2.3846% +0.0154 10 YR 2.5867% +0.0271 30 YR 2.9903% +0.0316 Prices as of: 4/22/2019 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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