Daily Newsletter: Employment Data Moving Markets Even Though It Wasn't Supposed To; Rough Day For Rates

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30 Year Fixed 3.10%   +0.05 15 Year Fixed 2.75%   +0.05 10YR Treasury 0.76%   +0.0722 FNMA 30YR 3.5 105.44   -0.09 FNMA 15YR 2.5 105.25   -0.09 View Today's Rates

Wednesday June 3, 2020 Mortgage Rate Watch - 3:52PM Rough Day For Mortgage Rates Mortgage rates were decisively higher today as the bond market lost ground due to surprisingly strong economic data. Mortgage rate movement is mainly a factor of mortgage bond prices ... MND NewsWire - 8:27AM Falling Mortgage Rates Boost Purchase Apps 18% YoY Refinancing volume continued to slide but purchase mortgage activity partially compensated during the holiday shortened week that ended May 29. The Mortgage Bankers Association (MBA ... MBS Commentary - 9:23AM MBS Day Ahead: How Data Can Move Markets Even When It's Not Supposed To It's the first Wednesday of the month and thus time for ADP Employment data. The stated intention of this report is to predict the final revision of the official nonfarm payroll (NFP ... Subservicing, VA IRRRL, Workflow products; Wholesalers Shifting Product Gears CoreLogic Expects 2021 to see First Home Price Decline in 9 Years Latest Video Dow jumps 400 points as data boosts hope of economic recovery Many US cities still waiting to receive federal coronavirus relief aid Home purchase applications spike as mortgage rates fall More News from 'Around the Web' Calculated Risk Blog - 2:35PM BEA: May Vehicles Sales increased to 12.2 Million SAAR CNBC - 12:28PM This is the greatest 50-day rally in the history of the S&P 500 CNBC - 11:36AM Manhattan real estate deals plunge 84% in May amid coronavirus, protests Reuters - 11:15AM U.S. factory orders extend decline in April Calculated Risk Blog - 10:26AM ISM Non-Manufacturing Index increased to 45.4% in May Reuters - 10:04AM U.S. labor market appears to stabilize as private payrolls fall less than expected CNBC - 8:21AM Private payrolls down another 2.76 million in May, ADP says CNBC - 8:13AM Military families face housing limbo during Covid-19 crisis CNBC - 8:03AM Richard Fisher: Texas is the case study for economic recovery from the Covid-19 recession Today's Rates Best Execution Rate Change 30 Yr FRM 3.10% +0.05 15 Yr FRM 2.75% +0.05 FHA 30 Year Fixed 2.74% +0.06 Jumbo 30 Year Fixed 4.25% -0.04 5/1 Yr ARM 3.25% -0.04 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 3.15% 0.80 -0.09 15 Yr. Fixed 2.62% 0.70 -0.08 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.13% 0.40 -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 UMBS 3.0 105.25 -0.08 30YR UMBS 3.5 105.44 -0.09 30YR GNMA 3.0 105.56 -0.13 30YR GNMA 3.5 105.94 +0.02 15YR FNMA 3.0 105.25 -0.09 15YR FNMA 2.5 104.58 -0.08 Treasuries Yield Change 2 YR 0.1978% +0.0315 5 YR 0.3702% +0.0491 10 YR 0.7590% +0.0722 30 YR 1.5489% +0.0582 Prices as of: 6/3/2020 4:07PM 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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