Daily Newsletter: Sure, Rates Are Ridiculously Low, But It's Harder To Get a Loan

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30 Year Fixed 2.91%   -0.01 15 Year Fixed 2.62%   +0.00 10YR Treasury 0.62%   -0.0508 FNMA 30YR 3.5 105.13   -0.08 FNMA 15YR 2.5 105.11   +0.03 View Today's Rates

Thursday July 9, 2020 Mortgage Rate Watch - 4:25PM Mortgage Rates Defy Odds, Improving Yet Again From Record Levels There are two kinds of headlines about mortgage rates today: those that rely on the weekly survey-based data published each Thursday by Freddie Mac, and those who rely on the actual ... MND NewsWire - 4:23PM Sure, Rates Are Low, But It's Getting Harder to Get a Loan Credit tightening is becoming more evident according to the Mortgage Bankers Association (MBA). Its Mortgage Credit Availability Index fell to a reading of 125.0 in June, a loss of ... MND NewsWire - 10:57AM Realtors Report that their Customers are Back A new survey by the National Association of Realtors® (NAR) has found that the vast majority of its members feel as though their businesses are back on track. NAR says, "After enduring ... MBS Commentary - 4:03PM MBS RECAP: Bonds Making a Case For a New Trend Bonds Making a Case For a New Trend We've talked a lot about the linear uptrend in bond yields that began in April. It was defeated by the end of June and bonds began drifting sideways ... MBS Day Ahead: Are Mortgage Rates Done Closing The Gap To MBS? LO Jobs; Marketing Products; Compliance News: Is a "like" a "thing of value"? Latest Video Evictions could hit crisis level—Here's how it's impacting real estate trends Mnuchin: We support another round of economic payments Treasury Secretary Steven Mnuchin on extending PPP loans and enhanced employment programs More News from 'Around the Web' CNBC - 3:57PM CEO of Century 21 parent says suburban home search is up across the country, following New York's lead Calculated Risk Blog - 2:16PM DOT: Vehicle Miles Driven decreased 26% year-over-year in May www.redfin.com - 12:47PM The Pros and Cons of Buying a House with a Septic Tank CNBC - 12:47PM WHO warns the coronavirus is 'getting worse,' continues to accelerate CNBC - 12:47PM Treasury's Mnuchin backs narrower coronavirus aid package as talks with Congress resume CNBC - 11:07AM Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings CNBC - 10:02AM Record low rates make it a good time to refinance student loans, but avoid these pitfalls CNBC - 9:20AM Empty Manhattan apartments reach record levels, landlords slash rent CNBC - 8:36AM Weekly jobless claims total 1.314 million, vs 1.39 million estimate Today's Rates Best Execution Rate Change 30 Yr FRM 2.91% -0.01 15 Yr FRM 2.62% +0.00 FHA 30 Year Fixed 2.50% +0.00 Jumbo 30 Year Fixed 3.95% +0.00 5/1 Yr ARM 2.88% +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 3.03% 0.80 -0.04 15 Yr. Fixed 2.51% 0.80 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.02% 0.30 +0.02 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 3.0 105.58 +0.03 30YR UMBS 3.5 105.13 -0.08 30YR GNMA 3.0 105.89 +0.17 30YR GNMA 3.5 105.27 -0.19 15YR UMBS 3.0 105.11 +0.03 15YR UMBS 2.5 105.06 +0.08 Treasuries Yield Change 2 YR 0.1548% -0.0078 5 YR 0.2864% -0.0158 10 YR 0.6152% -0.0508 30 YR 1.3154% -0.0855 Prices as of: 7/9/2020 4:56PM 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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