Daily Newsletter: Younger Generations Plan on Buying More Homes; Rates Back to 3-Month Lows, But Why?

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30 Year Fixed 3.67%   -0.03 15 Year Fixed 3.29%   -0.01 10YR Treasury 1.77%   -0.0507 FNMA 30YR 3.5 102.97   -0.02 FNMA 15YR 2.5 102.66   +0.03 View Today's Rates

Tuesday January 21, 2020 Mortgage Rate Watch - 5:08PM Mortgage Rates Back to 3-Month Lows Mortgage rates dropped to begin the holiday-shortened week as markets expressed a bit of panic over the coronavirus outbreak in China. This is similar to the SARS outbreak in 2003, ... MND NewsWire - 12:10PM Gen Z and Millennials Plan on Buying Homes in Larger Numbers The share of adults who told the National Association of Home Builders (NAHB) they were considering a home purchase in the next year has now fallen year-over-year for the fifth consecutive ... MBS Commentary - 10:22AM MBS Week Ahead: Light Data Week Leaves Focus Overseas In addition to being a 4-day trading week due to yesterday's holiday, there's also a general lack of big-ticket economic data on tap. In fact, there isn't a single report that qualifies ... Pipeline Press - 9:03AM Non-QM, Digital Tools; Population Shifts in Lending; Capital Markets Everyone is aging, right? “I finally did it! I bought a new pair of shoes with memory foam insoles. No more forgetting why I walked into the kitchen!” People change, populations ... December's Housing Starts Surged to 13-Year High Home Builders Confidence Remains Near 20-Year High Latest Video David Rubenstein: US-China won't have the same economic tensions they had before Trump says in Davos speech that he 'could get used to' negative interest rates Economic growth will hit 3% in 2020, says Trump economic advisor Larry Kudlow More News from 'Around the Web' Reuters - 4:27PM Wall St. pulls back from records on worries about virus outbreak and global growth Calculated Risk Blog - 1:26PM Revisiting: Has Housing Market Activity Peaked? eyeonhousing.org - 1:26PM Share of First-Time Home Buyers Rises Significantly in the Final Quarter of 2019 CNBC - 1:25PM Housing market falling short by nearly 4 million homes as demand grows CNBC - 11:46AM Trump again pushes negative interest rates, but Kudlow says they don't work Calculated Risk Blog - 10:07AM Retired Workers and the Overall Labor Force Participation Rate Reuters - 9:28AM China virus sends chill through markets as risks rise CNBC - 8:22AM Mnuchin tells WSJ that phase 2 of China trade deal may not remove all tariffs Reuters - 8:11AM Central banks join forces to look at future digital currencies CNBC - 8:04AM White House top economic advisor Larry Kudlow says economic growth will top 3% this year Today's Rates Best Execution Rate Change 30 Yr FRM 3.67% -0.03 15 Yr FRM 3.29% -0.01 FHA 30 Year Fixed 3.31% -0.02 Jumbo 30 Year Fixed 3.75% -0.03 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 3.99% 0.33 -0.04 15 Yr. Fixed 3.40% 0.31 -0.03 30 Yr. Jumbo 3.93% 0.28 -0.05 30 Yr. FHA 3.80% 0.32 -0.05 5/1 ARM 3.51% 0.23 +0.11 Freddie Mac ** 30 Yr. Fixed 3.65% 0.70 +0.01 15 Yr. Fixed 3.09% 0.70 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.39% 0.30 +0.09 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 3.0 101.72 +0.05 30YR FNMA 3.5 102.97 -0.02 30YR GNMA 3.0 102.34 0.00 30YR GNMA 3.5 103.75 -0.11 15YR FNMA 3.0 102.66 +0.03 15YR FNMA 2.5 101.20 +0.05 Treasuries Yield Change 2 YR 1.5325% -0.0329 5 YR 1.5750% -0.0478 10 YR 1.7743% -0.0507 30 YR 2.2344% -0.0506 Prices as of: 1/21/2020 5:05PM 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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