Daily Rate Update: Mortgage Rates Spike to 2-Week Highs

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30 Year Fixed 4.53% +0.06 15 Year Fixed 4.10% +0.04 10YR Treasury 2.72% +0.0307 FNMA 30YR 3.5 100.00 -0.20 FNMA 15YR 2.5 99.80 -0.13 View Today’s Rates

Mortgage Rates Spike to 2-Week Highs February 28, 2019 Mortgage rates moved quickly higher today following stronger-than-expected economic data. Rates are driven by the bond market. Bonds are safe-haven assets. When the economy is stronger, investors are less likely to to buy safe-haven assets. As demand for bonds drops, it’s the same as investors demanding higher rates of return before buying. In other words, it all adds up to the end user needing to pay a higher rate. Today brought the release of two economic reports and both were strong. First up was the 2nd revision of Q4 GDP. Investors were prepared for this to fall short of analysts’ expectations due to the government shutdown and other year-end headwinds. Instead, it beat the forecast by 0.3% (2.6 vs 2.3 forecast). After that, a closely watched regional business survey from the Chicago Fed district sent the same message by easily beating its forecast. In response to the data, underlying bond markets weakened–that is, they moved lower in price and higher in yield/rate. Many mortgage lenders were forced to adjust their rate sheet offerings accordingly. By the end of the day, the average lender was back up to rates last seen on February 15th. Loan Originator Perspective Bonds sold off today, as rates neared their one month highs. Tomorrow brings inflation data, which could push rates higher. I’m locking loans closing within 30 days. –Ted Rood, Senior Originator Today’s Most Prevalent Rates 30YR FIXED – 4.375 – 4.5% FHA/VA – 4.125 – 4.25% 15 YEAR FIXED – 4.0 – 4.125% 5 YEAR ARMS – 4.25 – 4.625% depending on the lender Ongoing Lock/Float Considerations Headwinds that had plagued rates for most of the past 2 years began to die down in late 2018. A rapid decline in the stock market certainly helped drive investors into bonds (which helps rates) Highest rates in more than 7 years in Oct/Nov. 8-month lows by the end of the year This is a bit of a crossroads. The rising rate environment could flare up again. We may look back at Oct/Nov and see a long-term ceiling, or we may look back at early December and see a temporary correction before more pain. Either way, late 2018 was a sign that rates are willing to take opportunities presented to them. From here, it will be up to economic data, fiscal policies, and the stock market to decide on the next set of opportunities. The rougher the overall outlook, the better interest rates tend to do. Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders. The rates generally assume little-to-no origination or discount except as noted when applicable. Rates appearing on this page are “effective rates” that take day-to-day changes in upfront costs into consideration. 30 Year Fixed Rate Mortgage 15 Year Fixed Rate Mortgage Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 4.53% +0.06 15 Yr FRM 4.10% +0.04 FHA 30 Year Fixed 4.18% +0.04 Jumbo 30 Year Fixed 4.35% +0.05 5/1 Yr ARM 4.40% +0.02 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 4.65% 0.42 -0.01 15 Yr. Fixed 4.00% 0.38 -0.04 30 Yr. Jumbo 4.40% 0.29 -0.16 30 Yr. FHA 4.64% 0.48 -0.04 5/1 ARM 3.95% 0.40 -0.05 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 4.35% 0.50 +0.00 15 Yr. Fixed 3.77% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.84% 0.30 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 97.67 -0.27 30YR FNMA 3.5 100.00 -0.20 30YR GNMA 3.0 98.75 -0.23 30YR GNMA 3.5 100.88 -0.17 15YR FNMA 3.0 99.80 -0.13 15YR FNMA 2.5 98.05 -0.14 Treasuries Yield Change 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 2 YR 2.5182% +0.0182 5 YR 2.5156% +0.0336 10 YR 2.7168% +0.0307 30 YR 3.0818% +0.0162 Prices as of: 2/28/2019 5:06PM EST

About This Report Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.

© 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

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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 presented in this report are averages and are subject to change without notice. You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Daily Newsletter: Homeownership is Highest Since 2014; Not Your Dad’s Cash Out Refi; Rates Spike to 2-Week High

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30 Year Fixed 4.53% +0.06 15 Year Fixed 4.10% +0.04 10YR Treasury 2.72% +0.0307 FNMA 30YR 3.5 100.00 -0.20 FNMA 15YR 2.5 99.80 -0.13 View Today’s Rates

Thursday February 28, 2019 MND NewsWire – 6:24PM Homeownership is Highest Since 2014 The Census Bureau reported on Thursday that the national homeownership rate rose slightly in the fourth quarter of 2018 to 64.8 percent , up from 64.4 percent in the third quarter and … MND NewsWire – 11:37AM This Isn’t Your Father’s Cash Out Refi The share of cash-out refinances spiked in 2017 and 2018 in a manner similar to what happened just before the Great Recession. The share jumped to 50 percent in 2017 and 61 percent … Mortgage Rate Watch – 6:00PM Mortgage Rates Spike to 2-Week Highs Mortgage rates moved quickly higher today following stronger-than-expected economic data. Rates are driven by the bond market. Bonds are safe-haven assets. When the economy is stronger … MBS Commentary – 9:53AM MBS Day Ahead: Biggest Threat To The Range, But There’s a Catch As many of you are likely tired of hearing, bonds have been locked in an increasingly narrow trading range for weeks. The bounces at the boundaries have been almost perfectly well behaved … Non-QM Products; Personnel Moves; Lender Profit Study; PennyMac/MCT API Bidding News A Surprise in Pending Sales Kicks Off 2019 Latest Video Q4 GDP increases 2.6%, jobless claims 225,000 vs 220,000 expected Here’s why one trader sees the rate rally fading Art Cashin: Why the next week or so is critical to markets More News from ‘Around the Web’ CNBC – 3:44PM After slow start, tax refunds are ticking up, with the average check now more than $3,000 eyeonhousing.org – 2:30PM Strong Owner Household Formations in 2018 Reuters – 2:29PM U.S. economic growth in 2018 misses Trump’s 3 percent target Bloomberg – 2:27PM U.S. Consumer Comfort Rises as Personal Finance Outlook Improves http://www.realtor.com – 12:49PM Mortgage Rates Stay Subdued as Housing Reform Issues Grab the Spotlight CNBC – 11:19AM Most millennial homeowners have buyer’s remorse, a new survey shows Calculated Risk Blog – 10:56AM HVS: Q4 2018 Homeownership and Vacancy Rates http://www.consumerfinancemonitor.com – 10:33AM This week’s podcast: a discussion of the CFPB’s annual report on servicemember complaints Reuters – 9:50AM Brexit riddle goes on: May’s deal, delayed no-deal or referendum? Calculated Risk Blog – 9:04AM Weekly Initial Unemployment Claims increased to 225,000 CNBC – 8:23AM Fed’s Clarida emphasizes ‘patient’ approach to further rate hikes CNBC – 8:11AM Ray Dalio, manager of the world’s biggest hedge fund, lowers his odds of a recession CNBC – 8:02AM Powell just wrapped up his Capitol Hill testimony here’s what experts are watching now Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 4.53% +0.06 15 Yr FRM 4.10% +0.04 FHA 30 Year Fixed 4.18% +0.04 Jumbo 30 Year Fixed 4.35% +0.05 5/1 Yr ARM 4.40% +0.02 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 4.65% 0.42 -0.01 15 Yr. Fixed 4.00% 0.38 -0.04 30 Yr. Jumbo 4.40% 0.29 -0.16 30 Yr. FHA 4.64% 0.48 -0.04 5/1 ARM 3.95% 0.40 -0.05 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 4.35% 0.50 +0.00 15 Yr. Fixed 3.77% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.84% 0.30 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 97.67 -0.27 30YR FNMA 3.5 100.00 -0.20 30YR GNMA 3.0 98.75 -0.23 30YR GNMA 3.5 100.88 -0.17 15YR FNMA 3.0 99.80 -0.13 15YR FNMA 2.5 98.05 -0.14 Treasuries Yield Change 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 2 YR 2.5182% +0.0182 5 YR 2.5156% +0.0336 10 YR 2.7168% +0.0307 30 YR 3.0818% +0.0162 Prices as of: 2/28/2019 5:06PM EST

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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This Isn’t Your Father’s Cash Out Refi

Posted to: MND NewsWire
Thursday, February 28, 2019 10:55 AM

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The share of cash-out refinances spiked in 2017 and 2018 in a manner similar to what happened just before the Great Recession. The share jumped to 50 percent in 2017 and 61 percent in 2018, the highest since 2006. In two posts in CoreLogic’s Insights blog however Arthur Jobe maintains that the current surge is nothing like that earlier one. They differ by credit quality, dollar volume, and borrower characteristics and therefore present much less risk this time around. The volume of both cash-out and non-cash-out loans increased in 2015 and 2016 as borrowers enjoyed a two-year window when decreasing interest rates and continued home-price growth offered ideal conditions for refinancing.

(READ THE FULL POST)

More from MND:

• MBS Commentary: MBS Day Ahead: Biggest Threat To The Range, But There’s a Catch
• Pipeline Press: Non-QM Products; Personnel Moves; Lender Profit Study; PennyMac/MCT API Bidding News
• Mortgage Rate Watch: Mortgage Rates Not Interested in Any of Today’s Drama
• MBS Commentary: MBS RECAP: Lots of Sound and Fury, But Little Significance
• MND NewsWire: A Surprise in Pending Sales Kicks Off 2019

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MBS Day Ahead: Biggest Threat To The Range, But There’s a Catch

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Posted to: MBS Commentary
Thursday, February 28, 2019 9:53 AM

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As many of you are likely tired of hearing, bonds have been locked in an increasingly narrow trading range for weeks. The bounces at the boundaries have been almost perfectly well behaved. In other words, since setting the lines for the first time, we haven’t had to adjust them very much in order to contain a few of the more volatile days.

This process of adjustment is something we expect to have to do when a consolidation range will run out of room before the time when fundamental events stand a better chance of actually informing a true break away from the range. …

(READ THE FULL POST)

More from MND:

• Pipeline Press: Non-QM Products; Personnel Moves; Lender Profit Study; PennyMac/MCT API Bidding News
• Mortgage Rate Watch: Mortgage Rates Not Interested in Any of Today’s Drama
• MBS Commentary: MBS RECAP: Lots of Sound and Fury, But Little Significance
• MND NewsWire: A Surprise in Pending Sales Kicks Off 2019
• MBS Commentary: MBS Day Ahead: If They Were Smart, Congress Should Ask Powell This Question

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Non-QM Products; Personnel Moves; Lender Profit Study; PennyMac/MCT API Bidding News

Posted to: Pipeline Press
Thursday, February 28, 2019 8:10 AM

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Lenders need to be aware of the myriad of things that indirectly impact our business. The poverty rate declined overall in 2017 but the rate among Hispanics had one of the largest year-to-year drops across demographic groups and was the lowest since poverty estimates for Hispanics were first published in 1972. Nice! We can balance this good news versus… A trillion dollars of student debt? Yup. And from 2000 to 2012, 9.5 million people were diagnosed with cancer in the U.S. Of those people, more than 42 percent drained their life’s assets within two years. Cancer patients are 2.65 times as likely to file for bankruptcy. (While I’m ranting, American drug companies, who argue that the prices they charge are re-invested back into research and development of new medications, instead distribute the money to stockholders. Yes, I know there’s a lot wrong out there.)

(READ THE FULL POST)

More from MND:

• Mortgage Rate Watch: Mortgage Rates Not Interested in Any of Today’s Drama
• MBS Commentary: MBS RECAP: Lots of Sound and Fury, But Little Significance
• MND NewsWire: A Surprise in Pending Sales Kicks Off 2019
• MBS Commentary: MBS Day Ahead: If They Were Smart, Congress Should Ask Powell This Question
• MND NewsWire: More Than a Third of Millennials are Sharing Housing

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Daily Newsletter: Mortgage Apps Surge on Lower Rates; Millennials Sharing Housing; Pending Sales Surprise!

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30 Year Fixed 4.47% +0.02 15 Year Fixed 4.06% +0.01 10YR Treasury 2.69% +0.0486 FNMA 30YR 3.5 100.20 -0.19 FNMA 15YR 2.5 99.92 -0.11 View Today’s Rates

Wednesday February 27, 2019 MND NewsWire – 8:14AM Mortgage Apps Surge in Response to Lower Rates Mortgage applications increased for the second week as interest rates again ticked lower at well under 5 percent. The Mortgage Bankers Association said its Market Composite Index, a … MND NewsWire – 9:56AM More Than a Third of Millennials are Sharing Housing More than a year has elapsed since the Census Bureau collected data for its most recent (2017) American Community Survey (ACS), but unless things have changed drastically in that time … MND NewsWire – 10:27AM A Surprise in Pending Sales Kicks Off 2019 Expectations were high for a strong pending home sales report to christen the New Year. Those expectations were more than satisfied. The National Association of Realtors® (NAR) … Mortgage Rate Watch – 5:54PM Mortgage Rates Not Interested in Any of Today’s Drama At one point today, there were three apparently important events dominating the newswires simultaneously. These included the Fed Chair’s congressional testimony, the Cohen congressional … MBS RECAP: Lots of Sound and Fury, But Little Significance MBS Day Ahead: If They Were Smart, Congress Should Ask Powell This Question Digital products; Wholesale News Across the Biz; Zillow and Chase News Latest Video Powell: We’re close to an agreement on balance sheet plan Pending home sales beat estimates, rising 4.6 percent The Fed added a third mandate of financial stability, Brookings scholar says More News from ‘Around the Web’ Bloomberg – 4:51PM U.S. Wage Growth Is âHigher Than We Think’, Fed Researchers Say Reuters – 4:50PM Theresa May gains two weeks’ Brexit reprieve from British lawmakers Reuters – 2:11PM U.S. Commerce Department to publish fourth-quarter GDP report Thursday Bloomberg – 2:10PM Toll Brothers Orders Plunge as California Buyers Vanish CNBC – 12:41PM Spring housing market could be ‘coolest in recent years,’ Realtor.com says http://www.npr.org – 12:41PM Oregon Set To Pass The First Statewide Rent Control Bill CNBC – 12:39PM Fed Chair Powell says balance sheet decision market is waiting for is ‘close’ to happening CNBC – 10:43AM Buying a home for the first time? Avoid these mistakes CNBC – 9:42AM Trade deficit in goods jumps 12.8 percent amid tariff battle CNBC – 8:03AM US Treasury yields move higher ahead of another Powell speech Reuters – 8:03AM You don’t need a PhD anymore to read Fed’s statements Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 4.47% +0.02 15 Yr FRM 4.06% +0.01 FHA 30 Year Fixed 4.14% +0.01 Jumbo 30 Year Fixed 4.30% +0.01 5/1 Yr ARM 4.38% +0.02 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 ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 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 Secondary Markets MBS Price Change 30YR FNMA 3.0 97.94 -0.23 30YR FNMA 3.5 100.20 -0.19 30YR GNMA 3.0 98.98 -0.17 30YR GNMA 3.5 101.05 -0.13 15YR FNMA 3.0 99.92 -0.11 15YR FNMA 2.5 98.19 -0.13 Treasuries Yield Change 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 2 YR 2.5000% +0.0161 5 YR 2.4820% +0.0352 10 YR 2.6861% +0.0486 30 YR 3.0656% +0.0577 Prices as of: 2/27/2019 5:06PM EST

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 Rate Update: Mortgage Rates Not Interested in Any of Today’s Drama

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30 Year Fixed 4.47% +0.02 15 Year Fixed 4.06% +0.01 10YR Treasury 2.69% +0.0486 FNMA 30YR 3.5 100.20 -0.19 FNMA 15YR 2.5 99.92 -0.11 View Today’s Rates

Mortgage Rates Not Interested in Any of Today’s Drama February 27, 2019 At one point today, there were three apparently important events dominating the newswires simultaneously. These included the Fed Chair’s congressional testimony, the Cohen congressional testimony, and–you guessed it–congressional testimony from Lighthizer on US/China trade policy. Mortgage rates are determined by the bond market, and the bond market could make a case for caring about any of these three events. Interestingly enough, almost all of the day’s bond market movement arrived BEFORE any of the testimonies. Unfortunately, the movement in question was bad for rates, but the damage was fairly minimal. The average lender is still able to quote the same rates as yesterday, but the upfront costs would be slightly higher. Tomorrow, rates will have another chance to pay attention to the news when the 4th quarter GDP revision is finally released after being delayed by the government shutdown. Analysts are expecting the number to come in at 2.3% versus an initial estimate of 3.5%. If it manages to come in much higher than that, it could put additional upward pressure on rates. Loan Originator Perspective New day, but same story for bonds as we remain locked in an exceptionally narrow range. We do get meaningful GDP and inflation data Thursday/Friday, but I doubt it’ll be sufficient to change bonds’ outlook. I’m locking loans closing within 30 days. –Ted Rood, Senior Originator Bonds bounced again off of resistance around 2.62 on the 10yr and look like they want to test the top end of the range. With the better rate sheets i am seeing this morning, i believe it is best to go ahead and lock in. –Victor Burek, Churchill Mortgage Today’s Most Prevalent Rates 30YR FIXED – 4.375 – 4.5% FHA/VA – 4.125 – 4.25% 15 YEAR FIXED – 4.0 – 4.125% 5 YEAR ARMS – 4.25 – 4.625% depending on the lender Ongoing Lock/Float Considerations Headwinds that had plagued rates for most of the past 2 years began to die down in late 2018. A rapid decline in the stock market certainly helped drive investors into bonds (which helps rates) Highest rates in more than 7 years in Oct/Nov. 8-month lows by the end of the year This is a bit of a crossroads. The rising rate environment could flare up again. We may look back at Oct/Nov and see a long-term ceiling, or we may look back at early December and see a temporary correction before more pain. Either way, late 2018 was a sign that rates are willing to take opportunities presented to them. From here, it will be up to economic data, fiscal policies, and the stock market to decide on the next set of opportunities. The rougher the overall outlook, the better interest rates tend to do. Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders. The rates generally assume little-to-no origination or discount except as noted when applicable. Rates appearing on this page are “effective rates” that take day-to-day changes in upfront costs into consideration. 30 Year Fixed Rate Mortgage 15 Year Fixed Rate Mortgage Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 4.47% +0.02 15 Yr FRM 4.06% +0.01 FHA 30 Year Fixed 4.14% +0.01 Jumbo 30 Year Fixed 4.30% +0.01 5/1 Yr ARM 4.38% +0.02 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 ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 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 Secondary Markets MBS Price Change 30YR FNMA 3.0 97.94 -0.23 30YR FNMA 3.5 100.20 -0.19 30YR GNMA 3.0 98.98 -0.17 30YR GNMA 3.5 101.05 -0.13 15YR FNMA 3.0 99.92 -0.11 15YR FNMA 2.5 98.19 -0.13 Treasuries Yield Change 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 2 YR 2.5000% +0.0161 5 YR 2.4820% +0.0352 10 YR 2.6861% +0.0486 30 YR 3.0656% +0.0577 Prices as of: 2/27/2019 5:06PM EST

About This Report Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.

© 2019 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

View this Report in your Web Browser | Forward to a Friend | Subscribe

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 presented in this report are averages and are subject to change without notice. You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

MBS RECAP: Lots of Sound and Fury, But Little Significance

Before you read it here, it was on MBS Live.

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Posted to: MBS Commentary
Wednesday, February 27, 2019 5:41 PM

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“Full of sound and fury, signifying nothing”

That’s one of my favorite lines from some old book I read, or maybe it was a play (hint: it was a play!), because it operates so well outside Macbeth’s lamentation of the futility of life. In our case, it often serves to highlight a different sort of futility–the one where market-watchers attempt to ascribe meaning to every little up and down (and especially to the bigger ups and downs).

In market-watchers’ defense, this is often a worthwhile endeavor as there is often a solid enough collection of evidence for connections…

(READ THE FULL POST)

More from MND:

• MND NewsWire: A Surprise in Pending Sales Kicks Off 2019
• MBS Commentary: MBS Day Ahead: If They Were Smart, Congress Should Ask Powell This Question
• MND NewsWire: More Than a Third of Millennials are Sharing Housing
• Pipeline Press: Digital products; Wholesale News Across the Biz; Zillow and Chase News
• MND NewsWire: Mortgage Apps Surge in Response to Lower Rates

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A Surprise in Pending Sales Kicks Off 2019

Posted to: MND NewsWire
Wednesday, February 27, 2019 10:08 AM

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MBS Day Ahead: If They Were Smart, Congress Should Ask Powell This Question

Before you read it here, it was on MBS Live.

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Posted to: MBS Commentary
Wednesday, February 27, 2019 9:52 AM

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Today brings a 2nd day of congressional testimony with Fed Chair Powell, this time before the House Financial Services Committee. The economic IQ varies widely among those committee members. While we’ll no doubt hear some hilariously bad or irrelevant questions, there’s always a chance that a thought-provoking question elicits a relevant response from Powell.

If I were a member of the House FSOC (shudder), I would have been left wanting yesterday with respect to Powell’s treatment of the balance sheet question. He basically “got away” with saying “we’re now …

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