Daily Newsletter: Stellar Home Sales Report; Home Price Resiliency; Rates Calm Before Storm; What Does it Take?

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30 Year Fixed 3.88% +0.01 15 Year Fixed 3.57% +0.01 10YR Treasury 2.06% -0.0036 FNMA 30YR 3.5 102.31 0.00 FNMA 15YR 2.5 101.86 -0.02 View Today’s Rates

Tuesday July 30, 2019 MND NewsWire – 10:50AM Stellar Sales Report Reinforces Housing’s Strong Summer Pending home sales put in an especially strong performance in June , the second consecutive positive report as well as the fourth in five months. The National Association of Realtors® … MND NewsWire – 10:07AM Although Gains are Slowing, Prices Show "Resiliency" The rate of appreciation in home prices slipped again in May according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The metric, which covers all nine U.S. census … Mortgage Rate Watch – 4:48PM Mortgage Rates Stay Calm Before Tomorrow’s (Potential) Storm Mortgage rates haven’t moved much this week, or last week, or the week before that. In fact, for the average prospective borrower, there haven’t been any major changes since first making … MBS Commentary – 10:52AM MBS Day Ahead: What Does it Take to Move Markets These Days? In the day just passed, bonds drifted through one of those characteristic summertime Mondays without any meaningful liquidity, volume, or volatility. Bonds remained inside their prevailing … CRM, Pricing Products; Borrower Satisfaction Tips; Wholesaler News Freddie Mac’s Portfolio Continues to Grow Latest Video We’re going to start with a small rate cut, Gradient Investments’ Mariann Montagne says Assume the Fed will cut 25 basis points: Mario Gabelli Former Treasury Secretary Larry Summers on trade and the Fed More News from ‘Around the Web’ Bloomberg – 5:02PM Trump Wants to See Fed Make a Large Rate Cut – Bloomberg Bloomberg – 11:16AM Trump Demands âLarge’ Fed Rate Cut as Central Bank Set to Meet Calculated Risk Blog – 8:47AM Personal Income increased 0.4% in June, Spending increased 0.3% finance.yahoo.com – 8:46AM The Fed Might Not Cut Rates More Than Once Bloomberg – 8:34AM America’s Housing Affordability Crisis Spreads to the Heartland Reuters – 8:03AM Possible dissent hangs over Fed’s first rate cut in a decade Reuters – 8:02AM D.R. Horton tops estimates on higher home sales, lower mortgage rates Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.88% +0.01 15 Yr FRM 3.57% +0.01 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.91% +0.01 5/1 Yr ARM 3.69% +0.01 Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.79% 1.21 -0.12 30 Yr. Fixed 4.39% 1.12 -0.22 MBA ** 30 Yr. Fixed 4.12% 0.38 +0.08 15 Yr. Fixed 3.48% 0.32 +0.06 30 Yr. Jumbo 4.07% 0.21 +0.04 30 Yr. FHA 4.01% 0.28 +0.04 5/1 ARM 3.58% 0.27 +0.02 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 3.75% 0.50 -0.06 15 Yr. Fixed 3.18% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.47% 0.40 -0.01 Secondary Markets MBS Price Change 30YR FNMA 3.0 100.77 +0.03 30YR FNMA 3.5 102.31 0.00 30YR GNMA 3.0 102.03 +0.02 30YR GNMA 3.5 103.47 +0.02 15YR FNMA 3.0 101.86 -0.02 15YR FNMA 2.5 100.44 -0.03 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 1.8479% -0.0080 5 YR 1.8420% -0.0016 10 YR 2.0597% -0.0036 30 YR 2.5805% -0.0109 Prices as of: 7/30/2019 5:05PM 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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