Daily Newsletter: Forbearances Keep Climbing; Should You Wait For Lower Rates?

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

30 Year Fixed 2.87%   -0.01 15 Year Fixed 2.50%   +0.00 10YR Treasury 0.53%   -0.0115 FNMA 30YR 3.5 105.45   +0.05 FNMA 15YR 2.5 104.77   -0.16 View Today's Rates

Friday July 31, 2020 Mortgage Rate Watch - 5:09PM Should You Wait For Lower Rates? Mortgage rates have fallen more aggressively than ever and they've been remarkably willing to set record after record. So is there any reason you shouldn't wait for them to go even ... MND NewsWire - 10:20AM FHA/VA Forbearances Continue to Climb As of Wednesday, there were 4.102 million mortgages in forbearance plans. This is 7.7 percent of the 53 million loans in servicer portfolios. Black Knight said its weekly survey noted ... MBS Commentary - 8:50AM MBS Day Ahead: Month-End; Breakout Confirmation; Mortgage Rates Stuck? There's no doubt you'll see excellent mortgage rates when this morning's rate sheets come out. Many lenders will be at or below their previous all-time lows. Many others will be slightly ... Pipeline Press - 8:48AM Servicing, Appraisal, Sales Jobs; Broker, Valuation Products; FHA, and Ginnie Changes; HUD Addresses the Self-employed Whether it is Northern Virginia or Lake Tahoe , we’re running out of houses. The pandemic has caused a buyer feeding frenzy away from apartments and city cores. Heck, I can hardly ... JD Power Ranks Mortgage Servicer Satisfaction MBS RECAP: Bonds Break The Range, But Mortgage Rates Are Dragging Their Feet Latest Video Redfin CEO on homebuying demand amid coronavirus pandemic Evictions crisis could become a financial crisis, too—Here's how Jumbo, conforming rate spread at widest level since 2013: Financial analyst More News from 'Around the Web' www.realtor.com - 5:05PM Can Portland's Hot Housing Market Survive the Pandemic and the Protests? CNBC - 5:04PM A surge in evictions could turn into financial crisis, economist warns Calculated Risk Blog - 5:04PM Fannie Mae: Mortgage Serious Delinquency Rate Increased Sharply in June CNBC - 2:25PM Earnings: Housing is on fire, but apparel and restaurants are struggling Calculated Risk Blog - 2:25PM Comparing US, EU and China GDP CNBC - 1:18PM $600 unemployment booster isn't primary reason people do or do not work: Yale economists Calculated Risk Blog - 12:35PM Early Q3 GDP Forecasts CNBC - 11:55AM What to do if you're at risk of eviction now that the CARES Act moratorium has ended eyeonhousing.org - 10:25AM Multiple Offers For Homes on the Market Are Becoming More Common www.redfin.com - 9:45AM Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up Calculated Risk Blog - 9:45AM Personal Income decreased 1.1% in June, Spending increased 5.6% CNBC - 8:24AM UK PM Boris Johnson postpones easing of coronavirus lockdown measures in England CNBC - 8:12AM Coronavirus live updates: U.S. cases jump by 67,000; Sanofi, GSK nab $2.1 billion in vaccine deal CNBC - 8:02AM 10-year Treasury yield falls close to 0.52% after record GDP contraction Today's Rates Best Execution Rate Change 30 Yr FRM 2.87% -0.01 15 Yr FRM 2.50% +0.00 FHA 30 Year Fixed 2.38% +0.00 Jumbo 30 Year Fixed 3.72% +0.00 5/1 Yr ARM 2.75% +0.00 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 3.20% 0.37 +0.00 15 Yr. Fixed 2.76% 0.36 +0.05 30 Yr. Jumbo 3.52% 0.30 +0.01 30 Yr. FHA 3.27% 0.35 +0.14 5/1 ARM 3.08% 0.11 +0.19 Freddie Mac ** 30 Yr. Fixed 2.99% 0.80 -0.02 15 Yr. Fixed 2.51% 0.70 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.94% 0.40 -0.15 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 3.0 105.80 +0.06 30YR UMBS 3.5 105.45 +0.05 30YR GNMA 3.0 105.45 0.00 30YR GNMA 3.5 105.03 0.00 15YR UMBS 3.0 104.77 -0.16 15YR UMBS 2.5 104.84 +0.02 Treasuries Yield Change 2 YR 0.1093% -0.0118 5 YR 0.2091% -0.0205 10 YR 0.5331% -0.0115 30 YR 1.1956% -0.0087 Prices as of: 7/31/2020 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

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 Newsletter: Fannie and Freddie Remain Profitable Despite Mortgage Delinquencies; JD Power Ranks Mortgage Servicers

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

30 Year Fixed 2.88%   -0.01 15 Year Fixed 2.50%   +0.00 10YR Treasury 0.54%   -0.0327 FNMA 30YR 3.5 105.41   -0.02 FNMA 15YR 2.5 104.92   +0.05 View Today's Rates

Thursday July 30, 2020 MND NewsWire - 5:32PM Fannie and Freddie Remain Profitable Despite Mortgage Delinquencies Both government supported enterprises (GSE) reported increased profits in the second quarter of 2020 compared to Q1. Fannie Mae said its net comprehensive income was $2.53 billion compared ... MND NewsWire - 5:34PM JD Power Ranks Mortgage Servicer Satisfaction The performance of mortgage loan servicers is lacking in the eyes of many of their customers, even this early in the pandemic driven recession. J.D. Power's 2020 U.S. Primarily Mortgage ... MBS Commentary - 3:55PM MBS RECAP: Bonds Break The Range, But Mortgage Rates Are Dragging Their Feet Bonds Break The Range, But Mortgage Rates Are Dragging Their Feet The simple version of the story: mortgage rates aren't moving lower nearly as quickly as the bond market suggests they ... LO, AE Jobs; Retention, Valuation Tools; LOS Survey; Economic News/Cap Markets MBS Day Ahead: Q2 GDP Finally Arrives as Bonds Make Case For a Breakout Latest Video How commercial real estate companies are faring during the coronavirus pandemic White House economist Joe LaVorgna: We're viewing massive GDP plunge as a 'shock' pandemic contraction U.S. weekly jobless claims total 1.434 million More News from 'Around the Web' CNBC - 4:17PM What it's like to face eviction in a public health crisis www.redfin.com - 4:16PM How Much Does a Home Inspection Cost? eyeonhousing.org - 4:16PM Housing Share of GDP Climbs to 13-Year High CNBC - 4:15PM How the HEALS Act compares to the HEROES Act www.redfin.com - 1:52PM Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record CNBC - 1:51PM Homeowner expected relief from a mortgage deferral, instead got a bill for $4,700: 'I about fell over' CNBC - 11:36AM GOP HEALS Act gives some businesses a second shot at Paycheck Protection Program loans eyeonhousing.org - 10:21AM Builder Confidence in the 55+ Housing Market Rebounds in Second Quarter CNBC - 9:19AM A third of small-business owners have tapped personal funds to stay afloat, survey finds CNBC - 8:39AM U.S. second-quarter GDP plunged by a record 32.9%, vs 34.7% expected CNBC - 8:39AM U.S. weekly jobless claims total 1.434 million, vs 1.45 million expected CNBC - 8:03AM Treasury yields move lower after Fed keeps interest rates near zero www.npr.org - 7:36AM 3 Months Of Hell: U.S. Economy's Worst Quarter Ever CNBC - 7:35AM Dollar will weaken further while bond yields strengthen, Wells Fargo predicts www.realtor.com - 7:35AM How the Coronavirus Pandemic Pushed Home Prices to a Record High The Basis Point - 7:34AM 2 Underreported Risks: Homeowners Extending & Re-Entering Mortgage Forbearances Today's Rates Best Execution Rate Change 30 Yr FRM 2.88% -0.01 15 Yr FRM 2.50% +0.00 FHA 30 Year Fixed 2.38% +0.00 Jumbo 30 Year Fixed 3.72% -0.03 5/1 Yr ARM 2.75% +0.00 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 3.20% 0.37 +0.00 15 Yr. Fixed 2.76% 0.36 +0.05 30 Yr. Jumbo 3.52% 0.30 +0.01 30 Yr. FHA 3.27% 0.35 +0.14 5/1 ARM 3.08% 0.11 +0.19 Freddie Mac ** 30 Yr. Fixed 2.99% 0.80 -0.02 15 Yr. Fixed 2.51% 0.70 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.94% 0.40 -0.15 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 3.0 105.73 +0.06 30YR UMBS 3.5 105.41 -0.02 30YR GNMA 3.0 105.45 +0.16 30YR GNMA 3.5 105.03 +0.11 15YR UMBS 3.0 104.92 +0.05 15YR UMBS 2.5 104.83 +0.05 Treasuries Yield Change 2 YR 0.1211% -0.0117 5 YR 0.2296% -0.0251 10 YR 0.5446% -0.0327 30 YR 1.2043% -0.0356 Prices as of: 7/30/2020 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

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.