Daily Newsletter: Lowest Rates Since January 2018; Lending is Disadvantaging Its Own Future

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30 Year Fixed 4.02%   -0.02 15 Year Fixed 3.87%   -0.01 10YR Treasury 2.26%   -0.0035 FNMA 30YR 3.5 101.53   +0.05 FNMA 15YR 2.5 101.02   0.00 View Today's Rates

Wednesday May 29, 2019 Mortgage Rate Watch - 4:44PM Mortgage Rates Lowest Since January 2018 Mortgage rates fell again today, just barely inching to the lowest levels since early 2018 . Keep in mind, that factoid is based on an average of multiple lenders. Some of them aren ... MND NewsWire - 9:33AM Lending is Disadvantaging its Own Future "The face of America is changing, and the housing market is changing along with it. If the mortgage market doesn't keep up, the nation's economy will bear the consequences." That flat ... Pipeline Press - 9:28AM U/W Products; Digital White Paper; 40% of MLOs Close How Much Total Volume? Lenders ask themselves, “Would you fund loans where people cannot buy or sell houses because they can’t check, or record, liens?” Probably not, and this month Baltimore ... MBS Commentary - 9:26AM MBS Day Ahead: What's Moving This Market? In the day just past, bonds extended a rally that was called into question by last Friday's narrow, sideways trading day. Credit was primarily due to 2 days of improvement in European ... Mortgage Application Volume Takes Back Some of May's Gains Freddie Mac Portfolio Growth Slowed Slightly, Delinquencies Down Latest Video Bank of America's Chris Hyzy says bond market stuck and yields are dead Bond yield prices are falling as investors move to Treasurys— Here's five experts on where its headed Here's what the yield curve might be suggesting about the economy More News from 'Around the Web' Bloomberg - 3:45PM Falling Rates a Reason to Sell for Recession-Wary Stock Traders - Bloomberg eyeonhousing.org - 2:21PM Rates on Construction Loans Back Off Slightly in the First Quarter Calculated Risk Blog - 3:46PM Zillow Case-Shiller Forecast: Slower YoY Price Gains in April CNBC - 1:32PM The market now thinks the Fed will cut rates twice by January 2020 Bloomberg - 1:31PM Tornadoes Again Strike Midwest With No End in Sight - Bloomberg Calculated Risk Blog - 1:19PM Freddie Mac: Mortgage Serious Delinquency Rate Decreased in April Bloomberg - 11:43AM Morgan Stanley Says U.S. Yield Curve Now Clearly Spells Downturn eyeonhousing.org - 11:16AM Nearly Half of Prospective Buyers Are Actively House Hunting Calculated Risk Blog - 10:16AM Richmond Fed: "Fifth District Manufacturing Was Moderate in May" CNBC - 10:01AM 'Don't say we didn't warn you' - A phrase from China signals the trade war could get even worse CNBC - 9:17AM Many millennials say buying a home may finally be within reach www.builderonline.com - 8:42AM Condo Prices Sliding in Boston Reuters - 8:03AM Bond bulls get a boost as trade tensions fan recession fears Today's Rates Best Execution Rate Change 30 Yr FRM 4.02% -0.02 15 Yr FRM 3.87% -0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 3.98% -0.02 5/1 Yr ARM 4.01% +0.01 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 -0.01 15 Yr. Fixed 3.51% 0.40 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.68% 0.40 +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 99.73 +0.05 30YR FNMA 3.5 101.53 +0.05 30YR GNMA 3.0 100.83 -0.03 30YR GNMA 3.5 102.38 +0.09 15YR FNMA 3.0 101.02 0.00 15YR FNMA 2.5 99.50 0.00 Treasuries Yield Change 2 YR 2.1150% -0.0136 5 YR 2.0727% +0.0024 10 YR 2.2640% -0.0035 30 YR 2.6933% -0.0120 Prices as of: 5/29/2019 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: Rates Are Great, But They Could Be Greater; Case Shiller: Housing Should be Doing Better

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30 Year Fixed 4.04%   -0.01 15 Year Fixed 3.88%   +0.00 10YR Treasury 2.27%   -0.0562 FNMA 30YR 3.5 101.48   +0.06 FNMA 15YR 2.5 101.02   +0.08 View Today's Rates

Tuesday May 28, 2019 Mortgage Rate Watch - 5:20PM Mortgage Rates Are Great, But They Could Be Greater The world of mortgage rate analysis is both simple and complicated . On a simple note, rates are near long-term lows and they'll generally continue to follow the broader market for ... MND NewsWire - 11:49AM Case-Shiller: Given the Economy, "Housing Should be Doing Better. Both the S&P Dow Jones Indices and home price indicators from the Federal Housing Finance Agency (for March continue to show slowing appreciation although there also continue to ... MND NewsWire - 11:53AM Freddie Mac Portfolio Growth Slowed Slightly, Delinquencies Down Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 6.2 percent in April, declining from 8.0 percent the previous month. The portfolio ... MND NewsWire - 9:28AM MSR Sale, Cost Bundling, High Balance Products; The CFPB Wants Your Input! First off, best wishes to Quicken Loans’ owner Dan Gilbert who was hospitalized Sunday after experiencing stroke-like symptoms. As the lending industry sees 19-month lows in rates ... MBS Week Ahead: Bonds Try to Maintain Positive Trend The Rental Inventory is Problematic Too Latest Video Bond market primary concern for investors, says chief economist ETF Spotlight: Here's how bonds are moving compared to stocks Consumer confidence index beats expectations More News from 'Around the Web' Reuters - 5:19PM Wall St. loses early gains as trade concerns abound The Basis Point - 3:28PM But seriously, how close are we to a fully digital mortgage? CNBC - 1:43PM Morgan Stanley says economy is on 'recession watch' as bond market flashes warning Calculated Risk Blog - 10:58AM Dallas Fed: "Texas Manufacturing Expansion Continues but Pace Slows" www.consumerfinancemonitor.com - 10:10AM Mortgage-specific provisions in the CFPB's proposed debt collection rules Reuters - 9:30AM Explainer: Will China dump U.S. bonds as a trade weapon? Not so fast CNBC - 9:01AM Home price gains weaken yet again in March: S&P Case-Shiller index CNBC - 8:39AM Italy vs the EU? Markets spooked as Europe prepares for another budget showdown Reuters - 8:19AM Britain's Hunt says pursuing no-deal Brexit would be "political suicide" CNBC - 8:08AM Tornado wreaks havoc on Dayton as millions lose power across Ohio Today's Rates Best Execution Rate Change 30 Yr FRM 4.04% -0.01 15 Yr FRM 3.88% +0.00 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.00% +0.00 5/1 Yr ARM 4.00% -0.03 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 -0.01 15 Yr. Fixed 3.51% 0.40 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.68% 0.40 +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 99.69 +0.14 30YR FNMA 3.5 101.48 +0.06 30YR GNMA 3.0 100.86 +0.14 30YR GNMA 3.5 102.28 +0.03 15YR FNMA 3.0 101.02 +0.08 15YR FNMA 2.5 99.50 +0.08 Treasuries Yield Change 2 YR 2.1286% -0.0397 5 YR 2.0703% -0.0519 10 YR 2.2675% -0.0562 30 YR 2.7053% -0.0466 Prices as of: 5/28/2019 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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