Daily Newsletter: Delinquencies at Nine-Year High; Home Sales Hit By Lockdown; Rates Holding Lows

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30 Year Fixed 3.00%   -0.01 15 Year Fixed 2.63%   -0.01 10YR Treasury 0.70%   +0.0083 FNMA 30YR 3.5 105.14   -0.02 FNMA 15YR 2.5 105.19   -0.02 View Today's Rates

Monday June 22, 2020 MND NewsWire - 9:58AM Delinquencies at Nine-Year High Black Knight reports another breathtaking increase in mortgage delinquencies in its "first look" at May loan performance data. The rate, which soared by 90 percent in April, grew another ... MND NewsWire - 11:16AM May's Poor Existing Sales Show the Effects of Lockdown Existing-home sales fell again in May, although only at a little more than half the rate of decline in April. Still, it marked the third month of falling sales as a result of the coronavirus ... Mortgage Rate Watch - 3:28PM Mortgage Rates Hold Ground Near Lows. Can it Continue? Mortgage rates held their ground today, with the average lender in roughly the same shape as they were on Friday. Incidentally, that's great shape! When it comes to the best-case scenario ... MBS RECAP: Locking vs Floating Remains a Question of Covid vs The Economy MBS Week Ahead: Recent Strength in Bonds Suggests Caution Marketing, TPO, Cost Analysis Products; June's Remaining Training and Events Latest Video The Fed is setting a floor underneath bond markets, says B. Riley FBR's Grant Covid cases will determine market volatility: Citi's Kristen Bitterly Home sales down 26. More News from 'Around the Web' CNBC - 3:53PM The Fed's corporate bond buying is stoking bubble fears www.npr.org - 3:27PM California Hits New High In COVID-19 Hospitalizations Calculated Risk Blog - 1:34PM Comments on May Existing Home Sales www.npr.org - 12:54PM Get A Comfortable Chair: Permanent Work From Home Is Coming eyeonhousing.org - 11:00AM Texas Led with Substantial Employment Gains in May Calculated Risk Blog - 10:13AM NAR: Existing-Home Sales Decreased to 3.91 million in May, Rebound Expected in Coming Months Calculated Risk Blog - 8:46AM Chicago Fed National Activity "Suggests Economic Growth Increased Substantially in May" CNBC - 8:07AM The U.S. currency's demand as an 'emergency dollar' could be waning, Deutsche Bank says CNBC - 8:07AM Treasury yields retreat as coronavirus cases spike Today's Rates Best Execution Rate Change 30 Yr FRM 3.00% -0.01 15 Yr FRM 2.63% -0.01 FHA 30 Year Fixed 2.50% +0.00 Jumbo 30 Year Fixed 3.98% -0.01 5/1 Yr ARM 3.04% -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 3.37% 0.30 -0.05 15 Yr. Fixed 2.85% 0.27 -0.02 30 Yr. Jumbo 3.66% 0.30 -0.05 30 Yr. FHA 3.46% 0.23 +0.05 5/1 ARM 3.05% 0.25 -0.03 Freddie Mac ** 30 Yr. Fixed 3.13% 0.80 -0.08 15 Yr. Fixed 2.58% 0.80 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.09% 0.40 -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 3.0 105.06 +0.02 30YR UMBS 3.5 105.14 -0.02 30YR GNMA 3.0 105.50 -0.06 30YR GNMA 3.5 105.44 -0.14 15YR FNMA 3.0 105.19 -0.02 15YR FNMA 2.5 104.48 +0.02 Treasuries Yield Change 2 YR 0.1917% +0.0021 5 YR 0.3330% +0.0080 10 YR 0.7020% +0.0083 30 YR 1.4582% -0.0040 Prices as of: 6/22/2020 3:59PM 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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