Daily Newsletter: Mortgage Market Deep Dive; Builders Buoy Sales; Rates Start High, Finish Low

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30 Year Fixed 3.04%   -0.01 15 Year Fixed 2.71%   +0.01 10YR Treasury 0.66%   +0.0081 FNMA 30YR 3.5 105.56   +0.06 FNMA 15YR 2.5 105.31   -0.05 View Today's Rates

Monday June 1, 2020 MND NewsWire - 11:16AM UI Takes a Deep Dive Into May's Mortgage Market The Urban Institute (UI) releases a regular report, Housing Finance at a Glance , a "chartbook" loaded with charts and commentary on mortgage activity . Much of the May chartbook's ... MND NewsWire - 12:03PM Builder Incentives Kept April Home Sales Strong As was reported last week, new home sales in April were much, much better than expected. There may or may not be a cause and effect going on here, but two recent posts in the National ... Mortgage Rate Watch - 4:43PM Mortgage Rates Start Higher But Finish Lower Mortgage rates pulled off a repeat performance of last Friday's intraday drama. The average lender began the day in higher territory as bond markets were weaker in the morning. Bonds ... MBS Commentary - 8:47AM MBS Week Ahead: Can Bonds Confirm The Breakout? A resilient performance at the end of last week means that bonds have easily staked a claim to a sideways range that's been intact for more than 2 months now. We had been following ... MBS RECAP: Timing of Today's Volatility Could Create Some Opportunity Processor, LO Jobs; Referral, Accounting Products; Webinars and Training Latest Video State and local budgets in peril as they manage pandemic's economic fallout ISM Manufacturing misses expectations in May at 43.1 vs. 44 expected Gilead: Phase 3 study data shows remdesivir helped patients with moderate Covid-19 More News from 'Around the Web' Reuters - 2:37PM U.S. stocks gain as signs of recovery offset protests, economic worries Reuters - 1:33PM 'Lemon' or not, Trump stuck with Phase 1 China trade deal for now Calculated Risk Blog - 1:08PM Zillow Case-Shiller April Forecast: Still Showing Increasing YoY Price Gains www.realtor.com - 12:37PM Denver Was Booming Before the Coronavirus Pandemic. Now It Hopes to Bounce Back Reuters - 10:46AM Construction spending falls less than expected Calculated Risk Blog - 10:22AM ISM Manufacturing index Increased to 43.1 in May CNBC - 9:46AM How the coronavirus pandemic is shaking retirement confidence across generations eyeonhousing.org - 8:42AM 52% of Builders Used Incentives to Bolster Sales in May 2020 Reuters - 8:21AM Trump, attorney general to meet as U.S. cities smolder amid protests Reuters - 8:03AM Factbox: What's new with the Fed's 2020 bank stress tests? Today's Rates Best Execution Rate Change 30 Yr FRM 3.04% -0.01 15 Yr FRM 2.71% +0.01 FHA 30 Year Fixed 2.70% +0.02 Jumbo 30 Year Fixed 4.30% +0.00 5/1 Yr ARM 3.33% +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 3.42% 0.33 +0.01 15 Yr. Fixed 2.87% 0.30 -0.01 30 Yr. Jumbo 3.71% 0.29 +0.05 30 Yr. FHA 3.41% 0.30 -0.05 5/1 ARM 3.08% 0.01 -0.11 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 3.0 105.30 +0.13 30YR UMBS 3.5 105.56 +0.06 30YR GNMA 3.0 105.77 +0.08 30YR GNMA 3.5 105.89 +0.08 15YR FNMA 3.0 105.31 -0.05 15YR FNMA 2.5 104.63 +0.02 Treasuries Yield Change 2 YR 0.1603% -0.0039 5 YR 0.3068% +0.0032 10 YR 0.6607% +0.0081 30 YR 1.4526% +0.0416 Prices as of: 6/1/2020 4:57PM 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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