Daily Newsletter: Tracking Covid's Impact on Mortgages; Record Low Rates For How Long?

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30 Year Fixed 2.94%   +0.00 15 Year Fixed 2.64%   +0.00 10YR Treasury 0.68%   +0.0099 FNMA 30YR 3.5 105.13   -0.09 FNMA 15YR 2.5 105.19   -0.03 View Today's Rates

Monday July 6, 2020 MBS Commentary - 3:44PM MBS RECAP: Record High MBS Prices, Record Low Rates. What Next? Record High MBS Prices, Record Low Rates. What Next? Bonds and rates clearly aren't looking at economic data as a key source of motivation, nor are they playing by the normal set of ... MND NewsWire - 11:24AM More Covid Data Rolls in, Are Refis Here to Stay? Black Knight has again taken a look at the number of Americans who could benefit significantly from refinancing their first mortgages, but the facts are shifting almost faster than ... MND NewsWire - 2:13PM Construction Spending Showing Promise Despite any impact from the COVID-19 pandemic, construction spending is still largely managing to stay ahead of its 2019 levels . The U.S. Census Bureau said total spending in May was ... Mortgage Rate Watch - 3:58PM Mortgage Rates Staying Very Flat and Very Low Mortgage rates barely budged for the third straight day, which is welcome news considering they are at all-time lows. The stability comes in spite of at least two important economic ... Forbearance Plans Resume Downtrend After Last Week's Uptick CFPB Proposes New Escrow Rule Freddie Mac's Growth Slowed, Delinquencies Spiked in May MBS Day Ahead: Last Week's Comeback Was Nice, But Threats Remain DPA, Leads, PMI Products; Investors Ruminate on Employment Data Latest Video SBA and Treasury to release names of largest PPP loan recipients Coronavirus mortgage bailouts see largest one-week drop Henrich: Everybody is deferring to the "Fed put" as the primary reason for buying stocks More News from 'Around the Web' Calculated Risk Blog - 3:46PM By Request: Percent Permanent Job Losers by Recession CNBC - 3:43PM Stocks continue to rise amid surge in U.S. coronavirus cases—Four experts on what's next CNBC - 3:43PM Dr. Anthony Fauci says the average age of U.S. coronavirus patients has dropped by 15 years as Sun Belt states gets hit Calculated Risk Blog - 1:08PM Black Knight Mortgage Monitor for May, Cash-Out Refinance Activity Declined CNBC - 12:15PM 'Interest-only' mortgages might make sense in some situations, but beware the risks CNBC - 12:08PM Companies returned $30 billion in small-business loans from PPP Calculated Risk Blog - 10:18AM ISM Non-Manufacturing Index increased to 57.1% in June CNBC - 8:45AM Refinancing your mortgage could put cash in your pocket — here's how to find out if it's right for you Calculated Risk Blog - 8:05AM Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Declined Calculated Risk Blog - 8:03AM Census: Household Pulse Survey shows 32% of Households Expect Loss in Income; 24.5% Concerned about Housing Today's Rates Best Execution Rate Change 30 Yr FRM 2.94% +0.00 15 Yr FRM 2.64% +0.00 FHA 30 Year Fixed 2.50% +0.00 Jumbo 30 Year Fixed 3.95% +0.00 5/1 Yr ARM 2.88% -0.02 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 3.0 105.27 -0.02 30YR UMBS 3.5 105.13 -0.09 30YR GNMA 3.0 105.72 +0.03 30YR GNMA 3.5 105.38 +0.27 15YR FNMA 3.0 105.19 -0.03 15YR FNMA 2.5 104.88 +0.03 Treasuries Yield Change 2 YR 0.1606% +0.0060 5 YR 0.3022% +0.0080 10 YR 0.6792% +0.0099 30 YR 1.4418% +0.0126 Prices as of: 7/6/2020 4:33PM 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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