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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