Daily Newsletter: Record-Breaking Job Gains Would Normally Hurt Rates, But...

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30 Year Fixed 2.94%   +0.00 15 Year Fixed 2.64%   -0.01 10YR Treasury 0.67%   -0.0065 FNMA 30YR 3.5 105.20   +0.06 FNMA 15YR 2.5 105.20   +0.08 View Today's Rates

Thursday July 2, 2020 Mortgage Rate Watch - 3:26PM Huge Housing Rebound, All-Time Low Rates, But At What Cost? This week's economic data included the biggest-ever gain in Pending Home Sales, a leading indicator for the housing market. Meanwhile, mortgage rates pushed down to new all-time lows ... Pipeline Press - 8:59AM Anti-fraud, DPA, HMDA Products; Non-QM News in Primary and Secondary Markets Lenders continue to count the piles of doubloons they booked during another record-breaking month; will July be another? M&A deals are still simmering out there, but when profits ... MBS Commentary - 8:19AM MBS Day Ahead: Early Close and Another (Potentially) Record-Breaking Jobs Report Last month's jobs report shattered records, both for the outright level of job creation (2.509m) and for the gap between job growth and forecasts. In fact, we won't likely see a gap ... Fed Meeting Minute Bullet Points: What's Yield Curve Control? Purchase Apps Retreat Again as Inventory Dries Up Latest Video Four experts break down the blowout June jobs report U.S. economy adds 4.8 million jobs in June, vs expected increase of 2.9 million Fed's Bullard warns of financial crisis risks More News from 'Around the Web' webfeeds.brookings.edu - 2:28PM Class Notes: Economic Activity Amid COVID-19, Homeownership and Wealth, and More CNBC - 12:13PM U.S. coronavirus cases soar by more than 50,600 in record single-day jump Calculated Risk Blog - 12:09PM BEA: June Vehicles Sales increased to 13.0 Million SAAR www.redfin.com - 10:59AM Luxury Home Prices Dropped 2.3% This Spring, Reversing Course From Pre-Pandemic Growth CNBC - 9:27AM Manhattan apartment sales worst on record, biggest plunge in 30 years CNBC - 8:36AM US jobs increase by 4.8 million in June, vs 2.9 million estimate; unemployment rate at 11.1% www.realtor.com - 8:04AM This New Credit Score Could Help More Home Buyers Receive Mortgages CNBC - 8:03AM House passes extension of coronavirus small business loan deadline Today's Rates Best Execution Rate Change 30 Yr FRM 2.94% +0.00 15 Yr FRM 2.64% -0.01 FHA 30 Year Fixed 2.50% +0.00 Jumbo 30 Year Fixed 3.95% +0.00 5/1 Yr ARM 2.90% -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 3.29% 0.36 -0.01 15 Yr. Fixed 2.81% 0.40 +0.00 30 Yr. Jumbo 3.59% 0.31 -0.03 30 Yr. FHA 3.43% 0.36 +0.08 5/1 ARM 3.04% -0.03 -0.05 Freddie Mac ** 30 Yr. Fixed 3.07% 0.80 -0.06 15 Yr. Fixed 2.56% 0.80 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.00% 0.30 -0.08 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 +0.02 30YR UMBS 3.5 105.20 +0.06 30YR GNMA 3.0 105.66 +0.08 30YR GNMA 3.5 105.41 +0.58 15YR FNMA 3.0 105.20 +0.08 15YR FNMA 2.5 104.81 +0.09 Treasuries Yield Change 2 YR 0.1546% -0.0096 5 YR 0.2942% -0.0173 10 YR 0.6693% -0.0065 30 YR 1.4292% +0.0053 Prices as of: 7/2/2020 2:05PM 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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