Daily Newsletter: Yes, The AVERAGE Loan is Taking Almost 2 Months to Close; Checking in on Record Rates

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30 Year Fixed 2.79%   -0.01 15 Year Fixed 2.35%   -0.02 10YR Treasury 0.93%   +0.0150 View Today's Rates

Thursday December 17, 2020 MND NewsWire - 10:22AM Yes, The AVERAGE Loan is Taking Almost 2 Months to Close According to Ellie Mae's Origination Insight Report, loans closed during November had an average note rate of 2.97 percent. The 30-year note rate for FHA and Conventional loans dropped ... Mortgage Rate Watch - 5:50PM How Much Lower Are Today's "All-Time Low" Mortgage Rates? 2020 has safely secured its place in the record books as the year of all-time lows in mortgage rates --one of them anyway. Several other years have recently boasted as many new instances ... MND NewsWire - 1:53PM FHFA Looking to Lock-In Fannie/Freddie Liquidity Rules In November, the Federal Housing Finance Agency (FHFA) released a new regulatory capital framework for Fannie Mae and Freddie Mac (the GSEs). At the time FHFA said the final rule fulfills ... MND NewsWire - 10:30AM Housing Permits and Starts Show no Signs of Slowing Down While housing completions were down, residential construction improved again in November . Permitting was especially strong with a 6.2 percent month-over-month increase. The U.S. Census ... MBS RECAP: Seasonally Sideways Sans Stimulus Ops Jobs; Shell Wanted; CRM, POS, Retention, Jumbo Loan, Capital Markets Products; How News Moves Rates MBS Day Ahead: Fed in Rearview, Bonds Wait on Stimulus Latest Video Home prices overheating could be hurting affordability S&P 500, Nasdaq hit record intraday highs Economist breaks down the unexpected rise in unemployment claims, November housing data More News from 'Around the Web' Calculated Risk Blog - 2:53PM CAR on California November Housing: Sales up 26% YoY, Active Listings down 47% YoY www.npr.org - 2:49PM U.S. Scrambles To Understand Major Computer Hack, But Says Little CNBC - 1:07PM Congress scrambles to finalize Covid relief, avoid shutdown as deadline draws near CNBC - 1:06PM Home flipping profits are the highest in 20 years, but fewer are doing it Calculated Risk Blog - 11:37AM Hotels: Occupancy Rate Declined 37.4% Year-over-year Calculated Risk Blog - 11:37AM Philly Fed Manufacturing "growth was less widespread" in December, Kansas City Fed "Activity Expanded Further" CNBC - 9:33AM Watch live: Key FDA panel debates whether to endorse Moderna's Covid vaccine for emergency use Calculated Risk Blog - 9:33AM Housing Starts increased to 1.547 Million Annual Rate in November CNBC - 8:33AM U.S. weekly jobless claims total 885,000, vs 808,000 expected CNBC - 8:05AM 10-year Treasury yields rise after Fed's pledge to support the economy CNBC - 8:04AM Bank of England holds rates as coronavirus outlook remains uncertain Today's Rates Best Execution Rate Change 30 Yr FRM 2.79% -0.01 15 Yr FRM 2.35% -0.02 FHA 30 Year Fixed 2.25% -0.07 Jumbo 30 Year Fixed 3.11% -0.02 5/1 Yr ARM 2.32% -0.06 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 2.85% 0.33 -0.05 15 Yr. Fixed 2.49% 0.29 -0.02 30 Yr. Jumbo 3.12% 0.33 -0.08 30 Yr. FHA 2.96% 0.42 -0.01 5/1 ARM 2.58% 0.36 -0.02 Freddie Mac ** 30 Yr. Fixed 2.67% 0.70 -0.04 15 Yr. Fixed 2.21% 0.60 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.79% 0.30 +0.00 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 2.0 103.61 +0.08 30YR UMBS 2.5 105.09 +0.13 30YR GNMA 2.0 104.16 +0.05 30YR GNMA 2.5 104.88 +0.11 15YR UMBS 2.0 104.25 +0.03 15YR UMBS 2.5 104.20 0.00 Treasuries Yield Change 2 YR 0.1230% +0.0040 5 YR 0.3782% +0.0096 10 YR 0.9346% +0.0150 30 YR 1.6810% +0.0241 Prices as of: 12/17/2020 5:06PM 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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