Daily Newsletter: Fewer Forbearances; More Homebuilding; Higher Ficos; Lowest Rates

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30 Year Fixed 2.91%   +0.02 15 Year Fixed 2.60%   +0.02 10YR Treasury 0.63%   +0.0066 FNMA 30YR 3.5 105.23   +0.05 FNMA 15YR 2.5 104.88   -0.02 View Today's Rates

Friday July 17, 2020 MND NewsWire - 8:37AM Forbearance Plan Numbers at Lowest Levels Since May There was another decline in forbearance starts this past week and the number of loans in active plans also fell for the third straight week. Black Knight's weekly report on COVID-19 ... MND NewsWire - 8:52AM Average FICO Scores Rise 9 Points Since March The interest rates on mortgage loans that closed in June averaged 3.40 percent, down 3 basis points from the average in May according to Ellie Mae's Origination Insight Report. The ... MND NewsWire - 11:50AM Construction Continues Post-Plunge Gains All three measures in the Census Bureaus June residential construction report moved higher , as the building industry continued to recover from its April collapse. However, of the three ... Mortgage Rate Watch - 4:46PM Is It Already Time To Refinance Again? Markets continue to focus on coronavirus numbers first and foremost. When the news is good , we tend to see stocks and rates move higher. When the news is bad , rates tend to fall and ... MBS RECAP: Very Uneventful Week in The Bigger Picture Sales, Ops Jobs; Builder, Data Analysis Tools; Ginnie and FHA Updates MBS Day Ahead: Earnings Season Helps Explain Stocks vs Bonds Correlation Breakdown Latest Video Mnuchin: Congress should allow second loans for hardest hit LendingTree chief economist predicts mortgage rates will continue to fall U.S. housing starts total 1.186 million in June, vs 1.169 million expected Today's Rates Best Execution Rate Change 30 Yr FRM 2.91% +0.02 15 Yr FRM 2.60% +0.02 FHA 30 Year Fixed 2.50% +0.00 Jumbo 30 Year Fixed 3.85% +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 3.26% 0.35 -0.03 15 Yr. Fixed 2.77% 0.32 -0.04 30 Yr. Jumbo 3.52% 0.36 -0.07 30 Yr. FHA 3.31% 0.24 -0.12 5/1 ARM 2.98% 0.10 -0.06 Freddie Mac ** 30 Yr. Fixed 2.98% 0.70 -0.05 15 Yr. Fixed 2.48% 0.70 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.06% 0.30 +0.04 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 3.0 105.36 0.00 30YR UMBS 3.5 105.23 +0.05 30YR GNMA 3.0 105.53 -0.06 30YR GNMA 3.5 104.94 +1.06 15YR UMBS 3.0 104.88 -0.02 15YR UMBS 2.5 104.88 -0.02 Treasuries Yield Change 2 YR 0.1431% -0.0039 5 YR 0.2786% +0.0016 10 YR 0.6250% +0.0066 30 YR 1.3289% +0.0180 Prices as of: 7/17/2020 4:49PM 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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