Daily Newsletter: Q2 Homeownership Hits 12-Year High; Home Prices Stall; Rates Mixed

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30 Year Fixed 2.92%   +0.00 15 Year Fixed 2.53%   +0.00 10YR Treasury 0.58%   -0.0361 FNMA 30YR 3.5 105.36   +0.11 FNMA 15YR 2.5 104.84   +0.02 View Today's Rates

Tuesday July 28, 2020 MND NewsWire - 11:53AM Q2 Homeownership Hits 12-Year High The U.S. homeownership rate moved significantly higher in the second quarter of 2020, reaching the highest level since the third quarter of 2008 at a rate of 67.9 percent. The U.S. ... MND NewsWire - 11:48AM May Home Prices Unexpectedly Stall Home prices increases slowed slightly in May on both a month-over-month and an annual basis according to the S&P CoreLogic Case-Shiller Indices. The U.S. National Home Price Index ... Mortgage Rate Watch - 5:05PM Mortgage Rates Mixed, Depending on Lender Mortgage rates did something over the past 3 days that they haven't done since early June . They moved sideways to slightly higher ! At the same time, interest rates in the broader ... MBS RECAP: Nice Recovery But Resistance Remains Sales, Workflow, Customer Service Tools; Black Knight to Acquire OB for $1.8bn MBS Day Ahead: Last Day Before Bigger Events. Bonds Hinting at a Bounce (Or Not) Latest Video CNBC Survey: 85 percent say unemployment rate has already peaked U.S. consumer confidence for July misses expectations Here's what's in the GOP coronavirus stimulus proposal More News from 'Around the Web' www.realtor.com - 3:01PM The Surprising Reason Why the Homeownership Rate Surged in the Middle of a Pandemic CNBC - 3:01PM Senate HEALS Act does not extend federal eviction moratorium—here's what to know Calculated Risk Blog - 10:44AM HVS: Q2 2020 Homeownership and Vacancy Rates Calculated Risk Blog - 10:21AM Richmond Fed: "Manufacturing in the Fifth District showed signs of recovery in July" Calculated Risk Blog - 9:26AM Case-Shiller: National House Price Index increased 4.5% year-over-year in May www.redfin.com - 8:46AM 20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year www.realtor.com - 8:07AM Millions of Americans Could Soon Become Homeless as Protections Expire CNBC - 8:07AM U.S. Treasury yields higher ahead of Fed meeting Today's Rates Best Execution Rate Change 30 Yr FRM 2.92% +0.00 15 Yr FRM 2.53% +0.00 FHA 30 Year Fixed 2.38% +0.00 Jumbo 30 Year Fixed 3.75% +0.00 5/1 Yr ARM 2.75% +0.00 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 3.20% 0.35 +0.01 15 Yr. Fixed 2.71% 0.35 +0.01 30 Yr. Jumbo 3.51% 0.29 -0.02 30 Yr. FHA 3.13% 0.29 -0.11 5/1 ARM 2.89% 0.12 -0.11 Freddie Mac ** 30 Yr. Fixed 3.01% 0.80 +0.03 15 Yr. Fixed 2.54% 0.70 +0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.09% 0.30 +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 3.0 105.50 +0.17 30YR UMBS 3.5 105.36 +0.11 30YR GNMA 3.0 105.14 +0.05 30YR GNMA 3.5 104.59 -0.20 15YR UMBS 3.0 104.84 +0.02 15YR UMBS 2.5 104.72 +0.14 Treasuries Yield Change 2 YR 0.1426% -0.0109 5 YR 0.2657% -0.0211 10 YR 0.5790% -0.0361 30 YR 1.2174% -0.0414 Prices as of: 7/28/2020 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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