Daily Newsletter: Mortgage Rates Officially at New 3 Year Lows; Homeownership Barely Budging

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30 Year Fixed 3.47%   -0.02 15 Year Fixed 3.13%   -0.01 10YR Treasury 1.51%   -0.0771 FNMA 30YR 3.5 103.22   +0.08 FNMA 15YR 2.5 102.98   +0.14 View Today's Rates

Friday January 31, 2020 Mortgage Rate Watch - 5:38PM Mortgage Rates Officially at New 3 Year Lows Mortgage rates inched even lower today as the market resumed efforts to react to and account for risks surrounding the coronavirus outbreak. Weaker economic data also played a part ... MND NewsWire - 6:43PM Homeownership Rate Still Barely Budging The homeownership rate seems stubbornly stuck only a few percentage points from where it bottomed out in the second quarter of 2016. The U.S. Census Bureau said the national rate in ... MBS Commentary - 6:07PM MBS RECAP: Bonds Forge New Lows After Yesterday's False Alarm When the World Health Organization declared coronavirus an international health emergency yesterday, there were two schools of thought. At first glance, it should have been good for ... MBS Day Ahead: False Alarm, But Still on Guard Marketing, Broker, Pricing Products; Rates, the Fed and the Coronavirus Latest Video Britain to formally withdraw from the EU Mortgage rates around 3% will get buyers out: Economist Pimco On Coronavirus: Markets were looking for excuse to sell off More News from 'Around the Web' www.npr.org - 4:52PM Trump Declares Coronavirus A Public Health Emergency And Restricts Travel From China CNBC - 4:14PM What the FICO credit score changes mean for first-time homebuyers Reuters - 2:20PM Major U.S. airlines cancel China flights as government takes action Calculated Risk Blog - 11:57AM Q1 GDP Forecasts: 1.0% to 2.7% CNBC - 11:23AM Fed Chairman Powell thought it was 'terrific' that a senator defended him against Trump Reuters - 10:53AM Germany wants to conclude Brexit talks by year's end: minister CNBC - 10:41AM How to buy a house despite student debt Calculated Risk Blog - 9:51AM Q4 2019 GDP Details on Residential and Commercial Real Estate CNBC - 9:17AM More than 9 million homeowners could save big money on a mortgage refinance as rates hit lowest point since 2016 Reuters - 9:08AM U.S. consumer spending rises steadily; income tepid eyeonhousing.org - 8:36AM Interest Rates Can Also Price Households Out of the Market CNBC - 8:03AM US Treasury yields rise after briefly sending a recession signal Today's Rates Best Execution Rate Change 30 Yr FRM 3.47% -0.02 15 Yr FRM 3.13% -0.01 FHA 30 Year Fixed 3.33% +0.00 Jumbo 30 Year Fixed 3.61% -0.01 5/1 Yr ARM 3.37% -0.01 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 3.81% 0.28 -0.06 15 Yr. Fixed 3.24% 0.22 -0.01 30 Yr. Jumbo 3.78% 0.20 -0.09 30 Yr. FHA 3.82% 0.27 -0.05 5/1 ARM 3.15% 0.12 -0.14 Freddie Mac ** 30 Yr. Fixed 3.51% 0.70 -0.09 15 Yr. Fixed 3.00% 0.70 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.24% 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 FNMA 3.0 102.23 +0.14 30YR FNMA 3.5 103.22 +0.08 30YR GNMA 3.0 102.81 +0.14 30YR GNMA 3.5 103.91 +0.08 15YR FNMA 3.0 102.98 +0.14 15YR FNMA 2.5 101.73 +0.17 Treasuries Yield Change 2 YR 1.3191% -0.0956 5 YR 1.3150% -0.0941 10 YR 1.5051% -0.0771 30 YR 1.9970% -0.0509 Prices as of: 1/31/2020 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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