Daily Newsletter: New Way to Measure Housing Recovery; Rates Well Into High 3’s; Building to Rent

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30 Year Fixed
3.94% -0.07
15 Year Fixed
3.75% -0.11
10YR Treasury
2.13% -0.0836
FNMA 30YR 3.5
102.00 +0.31
FNMA 15YR 2.5
101.45 +0.28
View Today’s Rates
Friday May 31, 2019
MND NewsWire – 10:38AM
NAHB Has a New Way to Measure Housing Recovery
The National Association of Home Builders (NAHB) is introducing the latest in a series of indices it has employed to measure housing within a broader context of the economy. The first …
Mortgage Rate Watch – 4:16PM
Mortgage Rates Drop Well Into the High 3’s
Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico. In general, trade wars are economically negative. They …
MND NewsWire – 1:32PM
Toll Brothers, Others, Turn to Build-to-Rent
Toll Brothers is embarking on a new business model that may, depending on your outlook, increase the rental stock, provide new opportunities for home builders, or further diminish new …
MBS Commentary – 8:34AM
MBS Day Ahead: Aggressively Friendly Range Breakout
In the day just past, bonds traded an “outside day” (high and low yields of the day fell OUTSIDE the highs and lows from the previous day). This signals both indecision and volatility …

Latest Video


Stronger dollar would trigger Fed to raise rates, says portfolio manager

If things get worse, the Fed may need to cut rates, says BofA economist

Personal income in April increases .5%, exceeding expectations

More News from ‘Around the Web’

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Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 3.94% -0.07
15 Yr FRM 3.75% -0.11
FHA 30 Year Fixed 3.75% -0.25
Jumbo 30 Year Fixed 3.90% -0.07
5/1 Yr ARM 3.99% -0.01

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 4.22% 1.43 -0.12
30 Yr. Fixed 4.78% 1.18 -0.20
MBA ** hdr_arrow.png
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 ** hdr_arrow.png
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 3.99% 0.50 -0.07
15 Yr. Fixed 3.46% 0.50 -0.05
1 Yr. ARM 2.68% 0.20 +0.01
5/1 Yr. ARM 3.60% 0.40 -0.08

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 100.44 +0.45
30YR FNMA 3.5 102.00 +0.31
30YR GNMA 3.0 101.66 +0.47
30YR GNMA 3.5 102.84 +0.31
15YR FNMA 3.0 101.45 +0.28
15YR FNMA 2.5 100.05 +0.31
Treasuries hdr_arrow.png
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
TR_Eikon_Email.png
2 YR 1.9261% -0.0988
5 YR 1.9192% -0.1056
10 YR 2.1332% -0.0836
30 YR 2.5692% -0.0752
Prices as of: 5/31/2019 4:56PM EST

23623981

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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MBS RECAP: Big Snowball Rally For Bonds

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MBS RECAP: Big Snowball Rally For Bonds

Posted to: MBS Commentary
Friday, May 31, 2019 4:56 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

After at least 2 days of (or more) of relatively disconnected markets (i.e. trading levels weren’t reliably following any single market mover), today is starkly different. There’s one single elephant in Friday’s room, or perhaps it’s a small blue birdie.

A Trump tweet late yesterday was all it took to start a snowball of massive bond-buying demand. Simply put, Trump “announced” new tariffs on Mexico in much the same way he did for China on May 5th. Stock prices and bond yields reacted immediately in the overnight session by moving sharply lower. …

(READ THE FULL POST)

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Weekly Newsletter: Rates Drop Into the High 3’s; Sales Slide Slightly; Building to Rent; Housing Should be Better

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weeklynewsletter.png
30 Year Fixed
3.94% -0.07
15 Year Fixed
3.75% -0.11
10YR Treasury
2.13% -0.0836
FNMA 30YR 3.5
101.97 +0.28
FNMA 15YR 2.5
101.45 +0.28
View Today’s Rates
Friday May 31, 2019
Mortgage Rate Watch – 5/31
Mortgage Rates Drop Well Into the High 3’s
Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico. In general, trade wars are economically negative. They …
MND NewsWire – 5/30
Pending Home Sales Fall, But Still Holding Most of 2019’s Gains
April’s pending home sales had been expected to build on the gains posted in two of the three previous months, but they retreated instead. The National Association of Realtors® …
MND NewsWire – 5/31
Toll Brothers, Others, Turn to Build-to-Rent
Toll Brothers is embarking on a new business model that may, depending on your outlook, increase the rental stock, provide new opportunities for home builders, or further diminish new …
MND NewsWire – 5/28
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 …

Latest Video


If things get worse, the Fed may need to cut rates, says BofA economist

Bond yield prices are falling as investors move to Treasurys— Here’s five experts on where its headed

Morgan: The yield curve has inverted, but this time is different

More News from ‘Around the Web’

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Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 3.94% -0.07
15 Yr FRM 3.75% -0.11
FHA 30 Year Fixed 3.75% -0.25
Jumbo 30 Year Fixed 3.90% -0.07
5/1 Yr ARM 3.99% -0.01

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 4.22% 1.43 -0.12
30 Yr. Fixed 4.78% 1.18 -0.20
MBA ** hdr_arrow.png
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 ** hdr_arrow.png
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 3.99% 0.50 -0.07
15 Yr. Fixed 3.46% 0.50 -0.05
1 Yr. ARM 2.68% 0.20 +0.01
5/1 Yr. ARM 3.60% 0.40 -0.08

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 100.41 +0.42
30YR FNMA 3.5 101.97 +0.28
30YR GNMA 3.0 101.63 +0.44
30YR GNMA 3.5 102.83 +0.30
15YR FNMA 3.0 101.45 +0.28
15YR FNMA 2.5 100.05 +0.31
Treasuries hdr_arrow.png
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
TR_Eikon_Email.png
2 YR 1.9241% -0.1008
5 YR 1.9159% -0.1089
10 YR 2.1332% -0.0836
30 YR 2.5707% -0.0737
Prices as of: 5/31/2019 5:06PM EST

23623981

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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Weekly Rate Report: Mortgage Rates Break Below 4.0%

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weeklyrateheader.png
30 Year Fixed
3.94% -0.07
15 Year Fixed
3.75% -0.11
10YR Treasury
2.13% -0.0888
FNMA 30YR 3.5
101.98 +0.30
FNMA 15YR 2.5
101.47 +0.30
View Today’s Rates
Mortgage Rates Break Below 4.0%
May 31, 2019
Market Summary
Mortgage rates came off a stellar performance last week and outdid themselves in the current week. Interest rates in general (which includes things like US Treasury yields) fell abruptly as trade-related concerns continued forcing investors out of stocks and into the bond market. Excess demand for bonds equates to lower rates, as does the shift in perceptions about the likely response from the Fed.

In general, investors think the multi-front trade war will damage global growth and inflation. The Fed would likely need to respond by cutting rates the next time it moves. The Fed previously said it was purely neutral on that decision. The market is simply assuming this week’s information will change the Fed’s stance. Some financial firms see as many as 3 rate cuts by 2020, though those calls are on the bolder side.

Either way, mortgage rates reaped rewards today with the average lender officially under 4.00% on top tier scenarios for the first time in well over a year.

-Matt Graham, COO, MortgageNewsDaily.com

30 Year Fixed Rate Mortgage
31?w=360
Week in Review
Rates shown below are based on the 30 Year Fixed Rate Mortgage

Beginning Average: 4.05%
Ending Average: 3.94%
Weekly Change: -0.11%
Yearly Change: -0.50%

Friday, May 24, 2019 : 4.05% (-0.05%)
Mortgage rates fell again today as mortgage lenders got caught up with yesterday’s market movements. Mortgage rates are based on bond market trading levels, but mortgage lenders only adjust rates once per day unless there’s quite a bit of movement. Yesterday saw such movement, and in those cases, lenders typically adjust rates to reflect only part of the overall shift in markets until the shift is confirmed for a certain amount of time. As such, when bond markets began the day in similar territory to yesterday, lenders were able to bring mortgage rates even lower than yesterday.

More detail: “Rates Are Back to Lowest Levels in More Than a Year”

Tuesday, May 28, 2019 : 4.04% (-0.01%)
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 interest rates (which is largely based on US Treasuries, domestically). On the more complex note, mortgage rates aren’t directly tied to Treasuries, don’t move frequently throughout the day, and can vary from lender to lender. Due to those 3 factors, we get days like today where 10yr yields are down significantly (normally a good indication that mortgage rates will be down), yet some lenders are actually offering somewhat higher rates compared to last Friday! What’s up with that?

More detail: “Mortgage Rates Are Great, But They Could Be Greater”

Wednesday, May 29, 2019 : 4.02% (-0.02%)
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’t quite back to the low rates seen at the end of March. Others had crossed that line several days ago. Either way, the actual NOTE RATE at the top of the average rate quote would be the same then and now. The EFFECTIVE RATE would be just slightly lower due to a small advantage in upfront lender costs (origination or points, depending on the lender).

More detail: “Mortgage Rates Lowest Since January 2018”

Thursday, May 30, 2019 : 4.01% (-0.01%)
Mortgage rates were mixed today, with some lenders holding steady while others offered mid-day improvements in response to strong performance in the bond market. In either case, today’s loan quotes are likely to be as good as they’ve been since the first few weeks in 2018. But are they under 4.00%? That’s the claim being made by more than a few news stories out there. Let’s take a look at the underlying facts.

More detail: “Are Mortgage Rates Really Under 4.00%? Yes and No”

Friday, May 31, 2019 : 3.94% (-0.07%)
Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico. In general, trade wars are economically negative. They hurt stocks and help bonds. When bonds are improving, it means bond prices are rising and yields (another word for “rates”) are falling. Long-story short, investors are pricing-in a new reality where trade tensions do measurable damage to the global economy. This not only forces money out of stocks and into bonds, but it also implies lower inflation and increased odds of Fed rate cuts.

More detail: “Mortgage Rates Drop Well Into the High 3's”

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 hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 3.94% -0.07
15 Yr FRM 3.75% -0.11
FHA 30 Year Fixed 3.75% -0.25
Jumbo 30 Year Fixed 3.90% -0.07
5/1 Yr ARM 3.99% -0.01

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 4.22% 1.43 -0.12
30 Yr. Fixed 4.78% 1.18 -0.20
MBA ** hdr_arrow.png
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 ** hdr_arrow.png
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 3.99% 0.50 -0.07
15 Yr. Fixed 3.46% 0.50 -0.05
1 Yr. ARM 2.68% 0.20 +0.01
5/1 Yr. ARM 3.60% 0.40 -0.08

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 100.44 +0.45
30YR FNMA 3.5 101.98 +0.30
30YR GNMA 3.0 101.66 +0.47
30YR GNMA 3.5 102.84 +0.31
15YR FNMA 3.0 101.47 +0.30
15YR FNMA 2.5 100.06 +0.33
Treasuries hdr_arrow.png
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 1.9261% -0.0988
5 YR 1.9126% -0.1122
10 YR 2.1280% -0.0888
30 YR 2.5721% -0.0723
Prices as of: 5/31/2019 5:04PM EST

TR_Eikon_Email.png

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.

© 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
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.

Weekly Rate Report: Mortgage Rates Break Below 4.0%

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weeklyrateheader.png
30 Year Fixed
3.94% -0.07
15 Year Fixed
3.75% -0.11
10YR Treasury
2.13% -0.0888
FNMA 30YR 3.5
101.98 +0.30
FNMA 15YR 2.5
101.47 +0.30
View Today’s Rates
Mortgage Rates Break Below 4.0%
May 31, 2019
Market Summary
Mortgage rates came off a stellar performance last week and outdid themselves in the current week. Interest rates in general (which includes things like US Treasury yields) fell abruptly as trade-related concerns continued forcing investors out of stocks and into the bond market. Excess demand for bonds equates to lower rates, as does the shift in perceptions about the likely response from the Fed.

In general, investors think the multi-front trade war will damage global growth and inflation. The Fed would likely need to respond by cutting rates the next time it moves. The Fed previously said it was purely neutral on that decision. The market is simply assuming this week’s information will change the Fed’s stance. Some financial firms see as many as 3 rate cuts by 2020, though those calls are on the bolder side.

Either way, mortgage rates reaped rewards today with the average lender officially under 4.00% on top tier scenarios for the first time in well over a year.

-Matt Graham, COO, MortgageNewsDaily.com

30 Year Fixed Rate Mortgage
31?w=360
Week in Review
Rates shown below are based on the 30 Year Fixed Rate Mortgage

Beginning Average: 4.05%
Ending Average: 3.94%
Weekly Change: -0.11%
Yearly Change: -0.50%

Friday, May 24, 2019 : 4.05% (-0.05%)
Mortgage rates fell again today as mortgage lenders got caught up with yesterday’s market movements. Mortgage rates are based on bond market trading levels, but mortgage lenders only adjust rates once per day unless there’s quite a bit of movement. Yesterday saw such movement, and in those cases, lenders typically adjust rates to reflect only part of the overall shift in markets until the shift is confirmed for a certain amount of time. As such, when bond markets began the day in similar territory to yesterday, lenders were able to bring mortgage rates even lower than yesterday.

More detail: “Rates Are Back to Lowest Levels in More Than a Year”

Tuesday, May 28, 2019 : 4.04% (-0.01%)
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 interest rates (which is largely based on US Treasuries, domestically). On the more complex note, mortgage rates aren’t directly tied to Treasuries, don’t move frequently throughout the day, and can vary from lender to lender. Due to those 3 factors, we get days like today where 10yr yields are down significantly (normally a good indication that mortgage rates will be down), yet some lenders are actually offering somewhat higher rates compared to last Friday! What’s up with that?

More detail: “Mortgage Rates Are Great, But They Could Be Greater”

Wednesday, May 29, 2019 : 4.02% (-0.02%)
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’t quite back to the low rates seen at the end of March. Others had crossed that line several days ago. Either way, the actual NOTE RATE at the top of the average rate quote would be the same then and now. The EFFECTIVE RATE would be just slightly lower due to a small advantage in upfront lender costs (origination or points, depending on the lender).

More detail: “Mortgage Rates Lowest Since January 2018”

Thursday, May 30, 2019 : 4.01% (-0.01%)
Mortgage rates were mixed today, with some lenders holding steady while others offered mid-day improvements in response to strong performance in the bond market. In either case, today’s loan quotes are likely to be as good as they’ve been since the first few weeks in 2018. But are they under 4.00%? That’s the claim being made by more than a few news stories out there. Let’s take a look at the underlying facts.

More detail: “Are Mortgage Rates Really Under 4.00%? Yes and No”

Friday, May 31, 2019 : 3.94% (-0.07%)
Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico. In general, trade wars are economically negative. They hurt stocks and help bonds. When bonds are improving, it means bond prices are rising and yields (another word for “rates”) are falling. Long-story short, investors are pricing-in a new reality where trade tensions do measurable damage to the global economy. This not only forces money out of stocks and into bonds, but it also implies lower inflation and increased odds of Fed rate cuts.

More detail: “Mortgage Rates Drop Well Into the High 3's”

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 hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 3.94% -0.07
15 Yr FRM 3.75% -0.11
FHA 30 Year Fixed 3.75% -0.25
Jumbo 30 Year Fixed 3.90% -0.07
5/1 Yr ARM 3.99% -0.01

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 4.22% 1.43 -0.12
30 Yr. Fixed 4.78% 1.18 -0.20
MBA ** hdr_arrow.png
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 ** hdr_arrow.png
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 3.99% 0.50 -0.07
15 Yr. Fixed 3.46% 0.50 -0.05
1 Yr. ARM 2.68% 0.20 +0.01
5/1 Yr. ARM 3.60% 0.40 -0.08

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 100.44 +0.45
30YR FNMA 3.5 101.98 +0.30
30YR GNMA 3.0 101.66 +0.47
30YR GNMA 3.5 102.84 +0.31
15YR FNMA 3.0 101.47 +0.30
15YR FNMA 2.5 100.06 +0.33
Treasuries hdr_arrow.png
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 1.9261% -0.0988
5 YR 1.9126% -0.1122
10 YR 2.1280% -0.0888
30 YR 2.5721% -0.0723
Prices as of: 5/31/2019 5:04PM EST

TR_Eikon_Email.png

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.

© 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
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 Rate Update: Mortgage Rates Drop Well Into the High 3’s

View this Report in your Web Browser | Forward to a Friend | Subscribe
dailyrateheader.png
30 Year Fixed
3.94% -0.07
15 Year Fixed
3.75% -0.11
10YR Treasury
2.13% -0.0853
FNMA 30YR 3.5
102.00 +0.31
FNMA 15YR 2.5
101.45 +0.28
View Today’s Rates
Mortgage Rates Drop Well Into the High 3’s
May 31, 2019
Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico. In general, trade wars are economically negative. They hurt stocks and help bonds. When bonds are improving, it means bond prices are rising and yields (another word for “rates”) are falling. Long-story short, investors are pricing-in a new reality where trade tensions do measurable damage to the global economy. This not only forces money out of stocks and into bonds, but it also implies lower inflation and increased odds of Fed rate cuts.

The specific implication for mortgage rates was quite good today. Mortgages have been lagging the moves seen in Treasury yields, for the most part. That was NOT the case today–at least for the lower portion of the rate spectrum. The average lender improved by the biggest amount of the past several weeks with top tier scenarios now easily seeing quotes of 3.875%. That said, different lenders have responded to the market movement at drastically different paces. Volatility tends to have that effect. If the bond market stabilizes at the beginning of next week, we’ll see some more cohesive pricing between lenders.

Loan Originator Perspective

Bonds continue to add to yesterday’s gains. Not a big fan of locking on Friday’s and the rate sheets I have seen, seem to be holding back some of the gains. That said, I like floating over the weekend and re evaluate on Monday. If you have been floating, you should be seeing a lower rate, so nothing wrong with locking in the gains. – Victor Burek, Churchill Mortgage


Today’s Most Prevalent Rates

  • 30YR FIXED – 3.875% – 4.0%
  • FHA/VA – 3.75%
  • 15 YEAR FIXED – 3.875%
  • 5 YEAR ARMS – 3.875-4.25% depending on the lender


Ongoing Lock/Float Considerations

  • Early 2019 saw a rapid reevaluation of big-picture trends in rates and in markets in general
  • The Federal Reserve has been a key player, and while they aren’t the ones pulling the global economic strings, their response (and even their EXPECTED response) to the economy has helped rates fall more quickly than they otherwise might.
  • Based on the Fed’s laundry list of concerns, the bond market (which determines rates) will be watching economic data closely, both at home and abroad, as well as trade-related concerns. The stronger the data and trade relations, the more rates could rise, while weaker data and trade wars will lead to new long-term lows.
  • 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
31?w=360
15 Year Fixed Rate Mortgage
31?w=360&p=15YRFRM

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Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 3.94% -0.07
15 Yr FRM 3.75% -0.11
FHA 30 Year Fixed 3.75% -0.25
Jumbo 30 Year Fixed 3.90% -0.07
5/1 Yr ARM 3.99% -0.01

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 4.22% 1.43 -0.12
30 Yr. Fixed 4.78% 1.18 -0.20
MBA ** hdr_arrow.png
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 ** hdr_arrow.png
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 3.99% 0.50 -0.07
15 Yr. Fixed 3.46% 0.50 -0.05
1 Yr. ARM 2.68% 0.20 +0.01
5/1 Yr. ARM 3.60% 0.40 -0.08

Secondary Markets

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Price Change
30YR FNMA 3.0 100.45 +0.47
30YR FNMA 3.5 102.00 +0.31
30YR GNMA 3.0 101.66 +0.47
30YR GNMA 3.5 102.84 +0.31
15YR FNMA 3.0 101.45 +0.28
15YR FNMA 2.5 100.05 +0.31
Treasuries hdr_arrow.png
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 1.9261% -0.0988
5 YR 1.9176% -0.1072
10 YR 2.1315% -0.0853
30 YR 2.5692% -0.0752
Prices as of: 5/31/2019 4:54PM EST

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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.
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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.
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Toll Brothers, Others, Turn to Build-to-Rent

Toll Brothers, Others, Turn to Build-to-Rent

Posted to: MND NewsWire
Friday, May 31, 2019 12:38 PM

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Toll Brothers is embarking on a new business model that may, depending on your outlook, increase the rental stock, provide new opportunities for home builders, or further diminish new home sale inventories. The company has committed to invest $60 million in a $400 million venture that will build homes for rent in seven major U.S. cities. And it isn’t just Toll Brothers and its partner in the venture, BB Living that see a build-to-rent market. According to John McManus, writing in Builder, a number of companies are already producing some of their new homes specifically for rent although most are doing so to supply stock to single-family property management companies. These companies provide services to the big private asset management companies that bought up thousands of foreclosed single-family houses during the financial crisis.

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