Daily Newsletter: Purchase Apps Highest Since January; Mortgage Rates Hold Steady

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30 Year Fixed 3.08%   +0.00 15 Year Fixed 2.70%   +0.00 10YR Treasury 0.69%   +0.0000 FNMA 30YR 3.5 105.44   +0.02 FNMA 15YR 2.5 105.33   -0.03 View Today's Rates

Wednesday May 27, 2020 Mortgage Rate Watch - 4:56PM Mortgage Rates Hold Steady Mortgage rates managed to stay sideways today after beginning the week with a move higher yesterday. This is a victory all things considered. Rates take guidance from multiple sources ... MND NewsWire - 8:50AM Home Purchase Apps Highest Since January Purchase mortgage applications rose for the 6 th straight week, driving the Mortgage Bankers Association's Market Composite Index back into positive territory. The Index, a measure ... MND NewsWire - 10:35AM Freddie's Loan Portfolio on Pace to Increase by 14.3 Percent This Year Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 14.3 percent in April, up from a 9.2 percent gain in March and the largest rate since ... MBS Day Ahead: Rising Rate Trend Intact, But Motivation is Required LO Jobs; Servicing, DPA, CRM Products; Warehouse Deal News; More Investor Changes Latest Video McConnell: Congress will 'probably' have to pass another coronavirus stimulus bill Purchase mortgage applications rise to levels from before coronavirus pandemic Home purchase applications have risen 54% since early April More News from 'Around the Web' CNBC - 4:16PM Here's what happened to the stock market on Wednesday Calculated Risk Blog - 2:18PM Fed's Beige Book: "Economic activity declined in all Districts – falling sharply in most" www.realtor.com - 2:07PM High-End Apartment Owners Dodge Economic Slump Reuters - 2:07PM Euro, stocks retreat from rally on EU stimulus plan Calculated Risk Blog - 11:46AM Philly Fed: State Coincident Indexes Decreased in All States in April Calculated Risk Blog - 11:20AM Census: Household Pulse Survey shows 48.5% of Households lost Income Calculated Risk Blog - 10:29AM Richmond Fed: "Fifth District manufacturing remained soft in May" eyeonhousing.org - 9:07AM Significant Regional Employment Losses in April Reuters - 8:07AM U.S. mortgage applications rise for sixth straight week Today's Rates Best Execution Rate Change 30 Yr FRM 3.08% +0.00 15 Yr FRM 2.70% +0.00 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 4.19% -0.01 5/1 Yr ARM 3.36% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.42% 0.33 +0.01 15 Yr. Fixed 2.87% 0.30 -0.01 30 Yr. Jumbo 3.71% 0.29 +0.05 30 Yr. FHA 3.41% 0.30 -0.05 5/1 ARM 3.08% 0.01 -0.11 Freddie Mac ** 30 Yr. Fixed 3.24% 0.70 -0.04 15 Yr. Fixed 2.70% 0.70 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.17% 0.40 -0.01 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 UMBS 3.0 105.06 +0.02 30YR UMBS 3.5 105.44 +0.02 30YR GNMA 3.0 105.52 +0.39 30YR GNMA 3.5 105.89 -0.06 15YR FNMA 3.0 105.33 -0.03 15YR FNMA 2.5 104.50 +0.03 Treasuries Yield Change 2 YR 0.1838% +0.0101 5 YR 0.3526% +0.0064 10 YR 0.6949% +0.0000 30 YR 1.4585% +0.0140 Prices as of: 5/27/2020 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. © 2020 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 Crush Forecasts; Rates Higher to Start Week

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30 Year Fixed 3.08%   +0.04 15 Year Fixed 2.70%   +0.03 10YR Treasury 0.69%   +0.0342 FNMA 30YR 3.5 105.45   +0.03 FNMA 15YR 2.5 105.34   -0.02 View Today's Rates

Tuesday May 26, 2020 MND NewsWire - 11:27AM April New Home Sales Crush Forecasts New home sales, rather than dropping like a rock, rose 0.6 percent in April according to the U.S. Census Bureau and the Department of Housing and Urban Development. Part of the gain ... Mortgage Rate Watch - 4:09PM Mortgage Rates Moving Higher to Start New Week Mortgage rates hit new all-time lows last week. In fact, for many lenders, records were broken on more than one day. That raised the risk of a bounce back this week and if today is ... MND NewsWire - 10:40AM Home Prices Still Moved Higher in March Even as the COVID-19 pandemic began to hobble home sales in many locations, home prices continued to increase. the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) ... MBS Week Ahead: Beatings Can Continue Until Market Morale Deteriorates Broker, eSign, Marketing Products; USDA, FHA, Freddie, Fannie News and Trends Latest Video Dimon: Fed is bringing out the bazooka New home sales strongest in homes priced below $300,000 There's a lot of pent up consumer demand, says APi Group co-chairman More News from 'Around the Web' CNBC - 3:50PM Stimulus will add to high debt levels but alternative is 'much worse,' ECB vice president says Reuters - 1:51PM S&P 500 clears 3,000 barrier on hopes of recovery, vaccine Calculated Risk Blog - 10:57AM Dallas Fed: "Contraction Continues in Texas Manufacturing Sector" CNBC - 10:06AM Consumer confidence for May rises to 86.6, vs 82.3 expected CNBC - 9:43AM Related Chairman Stephen Ross: Expect a 'flood' of retail bankruptcies because of the pandemic Calculated Risk Blog - 9:25AM Case-Shiller: National House Price Index increased 4.4% year-over-year in March Calculated Risk Blog - 8:45AM "Chicago Fed National Activity Index suggests economic growth fell substantially in April" Reuters - 8:08AM U.S. small firms leave $150 billion in coronavirus stimulus untapped Reuters - 8:07AM NYSE to reopen trading floor closed by coronavirus Today's Rates Best Execution Rate Change 30 Yr FRM 3.08% +0.04 15 Yr FRM 2.70% +0.03 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 4.20% +0.02 5/1 Yr ARM 3.37% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.41% 0.33 -0.02 15 Yr. Fixed 2.88% 0.27 -0.04 30 Yr. Jumbo 3.66% 0.37 -0.03 30 Yr. FHA 3.46% 0.33 +0.09 5/1 ARM 3.19% -0.05 -0.07 Freddie Mac ** 30 Yr. Fixed 3.24% 0.70 -0.04 15 Yr. Fixed 2.70% 0.70 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.17% 0.40 -0.01 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 UMBS 3.0 105.05 +0.05 30YR UMBS 3.5 105.45 +0.03 30YR GNMA 3.0 105.13 -0.44 30YR GNMA 3.5 105.97 -0.13 15YR FNMA 3.0 105.34 -0.02 15YR FNMA 2.5 104.48 -0.03 Treasuries Yield Change 2 YR 0.1737% +0.0000 5 YR 0.3446% +0.0112 10 YR 0.6916% +0.0342 30 YR 1.4379% +0.0668 Prices as of: 5/26/2020 4:17PM 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. © 2020 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: More Evidence That Forbearance is Widely Being Taken as a Precaution; Signs of Improvement

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30 Year Fixed 3.04%   +0.01 15 Year Fixed 2.67%   -0.02 10YR Treasury 0.66%   -0.0227 FNMA 30YR 3.5 105.42   +0.03 FNMA 15YR 2.5 105.36   -0.02 View Today's Rates

Friday May 22, 2020 MND NewsWire - 9:45AM More Evidence That Forbearance is Widely Being Taken as a Precaution The number of homeowners in mortgage forbearance plans continues to increase, reaching 4.75 million by May 19. This is 9.0 percent of all active borrowers nationwide and represents ... Mortgage Rate Watch - 3:50PM Mortgage Rates Are Actually Lower This Week Mortgage rates were mostly steady today for most lenders. Those who changed generally did so in a friendly direction. Either way, that means today's rates remain in line with all-time ... MND NewsWire - 12:26PM First Wave of Forbearances Almost Doubles Delinquency Rates The years-long downward trend of mortgage delinquencies appears to have come to an abrupt end in April. Black Knight, in its "first look" at the month's loan performance data, said ... MBS Day Ahead: Not Reading Too Much Into Things Ahead of 3.5-Day Weekend LO Jobs; CRM, Marketing, Lending Products; Tools for Borrowers; Rates: a Global Snapshot Latest Video Economic damage continues, but there are signs of improvement: Strategist Cabin fever is translating into cabin demand, here's how the travel industry could look this summer 'This is a new tech cold war' — Strategist on rising US-China tensions More News from 'Around the Web' Calculated Risk Blog - 1:59PM Seasonal Adjustment Weirdness: Will State and Local Governments Hire 700,000 Teachers in June and July? Calculated Risk Blog - 11:54AM Q2 GDP Forecasts: Probably Around 40% Annual Rate Decline CNBC - 11:30AM At first, some mortgage bailout recipients didn't need it, but now more do Calculated Risk Blog - 10:34AM NMHC: Rent Payment Tracker Finds 90.8 Percent Paid Rent as of May 20th Calculated Risk Blog - 10:25AM BLS: April jobless rates up in all 50 states; 43 States at New Record Highs CNBC - 9:28AM Dr. Fauci is still confident U.S. could have a coronavirus vaccine by December eyeonhousing.org - 8:46AM New Single-Family Home Size Declines Ending? CNBC - 8:09AM Banks will struggle to generate profits even as the global economy recovers, IMF says Calculated Risk Blog - 8:03AM Black Knight: Black Knight: 4.75 Million Homeowners Now in COVID-19-Related Forbearance Plans; Nearly Half Made April Mortgage Payments Today's Rates Best Execution Rate Change 30 Yr FRM 3.04% +0.01 15 Yr FRM 2.67% -0.02 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 4.18% -0.07 5/1 Yr ARM 3.35% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.41% 0.33 -0.02 15 Yr. Fixed 2.88% 0.27 -0.04 30 Yr. Jumbo 3.66% 0.37 -0.03 30 Yr. FHA 3.46% 0.33 +0.09 5/1 ARM 3.19% -0.05 -0.07 Freddie Mac ** 30 Yr. Fixed 3.24% 0.70 -0.04 15 Yr. Fixed 2.70% 0.70 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.17% 0.40 -0.01 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 UMBS 3.0 105.00 -0.02 30YR UMBS 3.5 105.42 +0.03 30YR GNMA 3.0 105.56 -0.45 30YR GNMA 3.5 105.38 -1.73 15YR FNMA 3.0 105.36 -0.02 15YR FNMA 2.5 104.52 +0.03 Treasuries Yield Change 2 YR 0.1696% +0.0023 5 YR 0.3334% -0.0113 10 YR 0.6574% -0.0227 30 YR 1.3705% -0.0279 Prices as of: 5/22/2020 2:05PM 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. © 2020 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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