Daily Newsletter: No, FHA Won't Be Offering 40 Year Loans; Staggering Home Prices; Rates Inch Lower

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

30 Year Fixed 3.19%   -0.01 15 Year Fixed 2.62%   +0.00 10YR Treasury 1.47%   -0.0068 View Today's Rates

Tuesday June 29, 2021 MND NewsWire - 10:57AM No, FHA Won't Be Offering 40 Year Loans Ginnie Mae sent out a press release last week could create some confusion for those readers who only skimmed the lede. The opening paragraph states that the agency is creating a new ... Mortgage Rate Watch - 3:12PM Mortgage Rates Inch Toward 2-Week Lows Mortgage rates are primarily a function of trading levels in the bond market and bonds have enjoyed (or suffered) an interesting mix of volatility and stability in June. US Treasury ... MND NewsWire - 1:14PM Pandemic Continuing to Fuel Home Price Gains When the S&P CoreLogic Case-Shiller and Federal Housing Finance Agency's price reports for March were released we wrote that the superlatives were getting tired. The April report ... MND NewsWire - 1:17PM CFPB Updates Servicing Rules to Ease Transition from Forbearance The government stakeholders involved in the various pandemic related forbearance programs appear to be directing their full attention to their upcoming expirations. Ginnie Mae earlier ... Community Lending, 1099, Compensation, NOO, Non-QM products; Government Loan Program Changes MBS Day Ahead: Bonds Take a Few Steps Back Ahead of Another Light Event Calendar Latest Video June consumer confidence index at 127.3 versus estimates of 118.7 Coldwell Banker CEO on surging home prices: 'Fundamentals are strong' Fed's policy will remain 'very easy' into 2023, says Morgan Stanley's Caron More News from 'Around the Web' CFPB - 3:46PM CFPB Takes Action Against Company and its Owners and Executives for Deceptive Debt-Relief and Credit-Repair Services CNBC - 12:11PM 'Great Resignation' gains steam as return-to-work plans take effect CNBC - 9:45AM Home prices surged in April at a 'truly extraordinary' rate, S&P Case-Shiller says CNBC - 8:05AM Treasury yields climb with focus on employment data CNBC - 8:05AM ECB member hints at scaling back stimulus, but not everyone's convinced Today's Rates Best Execution Rate Change 30 Yr FRM 3.19% -0.01 15 Yr FRM 2.62% +0.00 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.18% +0.01 5/1 Yr ARM 2.28% +0.00 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 3.02% 0.70 +0.09 15 Yr. Fixed 2.34% 0.70 +0.10 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.53% 0.30 +0.01 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 +0.06 30YR UMBS 2.5 103.42 +0.06 30YR GNMA 2.0 101.83 +0.05 30YR GNMA 2.5 103.13 +0.05 15YR UMBS 2.0 103.14 +0.09 15YR UMBS 2.5 104.20 +0.05 Treasuries Yield Change 2 YR 0.2524% -0.0039 5 YR 0.8910% -0.0080 10 YR 1.4748% -0.0068 30 YR 2.0891% -0.0116 Prices as of: 6/29/2021 4:10PM 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. © 2021 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.