Daily Newsletter: Fannie and Freddie Told to Write Their Wills; No Surprise: Homebuilding Driving Construction Spending

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30 Year Fixed 3.10%   +0.00 15 Year Fixed 2.52%   +0.00 10YR Treasury 1.59%   -0.0052 View Today's Rates

Tuesday May 4, 2021 MND NewsWire - 4:56PM Fannie and Freddie Told to Write Their Wills The GSEs Fannie Mae and Freddie Mac have been given orders to develop so-called living wills. Such wills are credible resolution plans that outline how either GSE could be rapidly and ... MND NewsWire - 4:54PM Residential Sector Continues to Drive Construction Spending Nationwide spending on construction edged up fractionally in March, but the big story was the annual gain in residential construction spending, especially for new single-family housing ... Mortgage Rate Watch - 4:38PM Mortgage Rates Fairly Steady Near Recent Lows Last week fired warning shots across the bow of April's mortgage rate rally. New month, new momentum? No, not just yet. In fact, we haven't seen much of anything so far this month. ... MBS Commentary - 4:01PM MBS RECAP: Mostly Sideways, Waiting on Bigger Data; Did Ferrari Move Markets? Earnings Season in Full Swing as Bonds Hold Range Have you heard the one about Ferrari moving the bond market? Well, now you have. In an apparent mystery move before the start of the ... Processing, MLO Jobs; Warehouse, Marketing, eClose, Efficiency Tools; Disaster Updates MBS Day Ahead: Earnings Season in Full Swing as Bonds Hold Range Latest Video How Biden's plan to tax real estate investors could affect the industry U.S. economy is heading for a 'reinflation' period: Barry Knapp Yellen: Interest rates may need to rise modestly More News from 'Around the Web' CNBC - 4:14PM Insana: Yellen is right to hint that higher rates are on the horizon Calculated Risk Blog - 4:10PM U.S. Heavy Truck Sales up Sharply Year-over-year in April freddiemac.gcs-web.com - 4:09PM Freddie Mac Issues Monthly Volume Summary for March 2021 NY Fed - 2:26PM New York Fed purchases $1.734 billion in Treasury coupons CFPB - 2:05PM CFPB Issues Reports Detailing Mortgage Borrowers' Continuing COVID-19 Challenges CNBC - 11:41AM Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating Calculated Risk Blog - 8:43AM Trade Deficit Increased to $74.4 Billion in March CNBC - 8:07AM Treasury yields rise as economic reopening continues Today's Rates Best Execution Rate Change 30 Yr FRM 3.10% +0.00 15 Yr FRM 2.52% +0.00 FHA 30 Year Fixed 2.59% +0.01 Jumbo 30 Year Fixed 3.15% -0.01 5/1 Yr ARM 2.37% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.17% 0.30 -0.03 15 Yr. Fixed 2.55% 0.30 -0.10 30 Yr. Jumbo 3.28% 0.30 -0.06 30 Yr. FHA 3.12% 0.24 -0.03 5/1 ARM 2.59% 0.47 -0.08 Freddie Mac ** 30 Yr. Fixed 2.98% 0.70 +0.01 15 Yr. Fixed 2.31% 0.70 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.64% 0.30 -0.19 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 2.0 101.02 +0.02 30YR UMBS 2.5 103.78 +0.02 30YR GNMA 2.0 101.98 -0.02 30YR GNMA 2.5 103.78 +0.03 15YR UMBS 2.0 103.22 -0.02 15YR UMBS 2.5 104.36 -0.08 Treasuries Yield Change 2 YR 0.1624% +0.0000 5 YR 0.8189% -0.0064 10 YR 1.5942% -0.0052 30 YR 2.2645% -0.0192 Prices as of: 5/4/2021 4:57PM 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

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