Daily Newsletter: Mortgage Rates Surge Lower After Fed Announcement; Application Volume Explodes

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30 Year Fixed 3.03%   -0.06 15 Year Fixed 2.65%   -0.04 10YR Treasury 0.73%   -0.0892 FNMA 30YR 3.5 105.44   +0.08 FNMA 15YR 2.5 105.58   +0.17 View Today's Rates

Wednesday June 10, 2020 Mortgage Rate Watch - 4:06PM Mortgage Rates Surge Lower After Fed Announcement Mortgage rates dropped quickly today. This wasn't necessarily destined to be the case this morning, but after the Fed released its most recent policy announcement, mortgage-backed bonds ... MND NewsWire - 9:01AM Credit Access Retreats Back to Six-Year Lows Lenders, responding to increasing unemployment rates and other risks, tightened lending standards in May, sending the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability ... MND NewsWire - 8:17AM Quarantines Lift, Mortgage Volume Explodes The Mortgage Bankers Association (MBA) says that mortgage application volume rose significantly during the week ended June 5 as many states began to lift restrictions on individuals ... MBS Commentary - 3:42PM MBS RECAP: Fed Delivers. Bonds Surge Fed Delivers. Bonds Surge As far as the Fed is concerned, bonds don't have to stress out about rates rising too terribly quickly right now. Granted, they can only directly control the ... Differences Between Previous and Current FOMC Statements MBS Day Ahead: MBS Prices Roll; Here Comes The Fed Ops Jobs; Marketing, AMC, Forbearance Products; Freddie and Fannie News Latest Video BlackRock's Rick Rieder: The Fed will keep rates on hold due to unemployment numbers Federal Reserve leaves interest rates unchanged, will maintain until confident of recovery Purchase mortgage applications rise for eighth straight week More News from 'Around the Web' Reuters - 4:24PM S&P 500 ends lower in volatile trade following Fed statement Reuters - 3:44PM U.S. Treasury chief says considering more direct payments in next coronavirus aid bill Reuters - 2:48PM Instant View: Fed sees GDP falling 6.5% in 2020, keeps rates at zero Reuters - 2:19PM Fed sees growth contracting by 6.5% on year, pledges bondbuying at least 'at current pace' Reuters - 2:19PM Mnuchin says U.S. recovery has begun, will gain strength in third, fourth quarter Reuters - 1:30PM J&J moves up start of coronavirus vaccine human trials to July Reuters - 11:54AM With crisis response in place, Fed focuses on long term CNBC - 10:40AM Here's what negative interest rates from Fed would mean for you CNBC - 9:51AM As small businesses rehire and rebuild, the road to full recovery is a long one Calculated Risk Blog - 8:52AM BLS: CPI decreased 0.1% in May, Core CPI decreased 0.1% Reuters - 8:05AM Fed easing speculation keeps dollar under pressure Today's Rates Best Execution Rate Change 30 Yr FRM 3.03% -0.06 15 Yr FRM 2.65% -0.04 FHA 30 Year Fixed 2.62% +0.00 Jumbo 30 Year Fixed 3.99% -0.06 5/1 Yr ARM 3.12% -0.06 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 3.18% 0.70 +0.03 15 Yr. Fixed 2.62% 0.70 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.10% 0.40 -0.03 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 3.0 105.42 +0.23 30YR UMBS 3.5 105.44 +0.08 30YR GNMA 3.0 105.98 +0.22 30YR GNMA 3.5 106.03 +0.02 15YR FNMA 3.0 105.58 +0.17 15YR FNMA 2.5 104.94 +0.17 Treasuries Yield Change 2 YR 0.1727% -0.0317 5 YR 0.3245% -0.0732 10 YR 0.7345% -0.0892 30 YR 1.5124% -0.0661 Prices as of: 6/10/2020 4:27PM 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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