Daily Newsletter: Foreign Buyers Pumping the Brakes; Most Mortgage Rate Headlines Are Wrong Today

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30 Year Fixed 2.82%   -0.01 15 Year Fixed 2.38%   -0.01 10YR Treasury 0.54%   -0.0115 FNMA 30YR 3.5 105.42   +0.05 FNMA 15YR 2.5 104.92   +0.02 View Today's Rates

Thursday August 6, 2020 MND NewsWire - 11:43AM Foreign Buyers are Pumping the Brakes on Home Purchases Foreign buyers cut back their investment in U.S. residential properties over the 12 months that ended in March. It was the second year-over-year decline. The National Association of ... Mortgage Rate Watch - 5:05PM Most Mortgage Rate Headlines Are Wrong Today There are quite a few more new stories than normal about mortgage rates today. Most of them are wrong. This one is not, and it's pretty easy to see why. Freddie Mac releases its weekly ... MBS Commentary - 4:49PM MBS RECAP: Bonds Generally Consolidating Ahead of Jobs Report Bonds Generally Consolidating Ahead of Jobs Report MBS were higher today, but for the week as a whole, they've been flat (and right in line with last Friday's levels as of this afternoon ... MBS Day Ahead: Slow, Steady Rally Wasting No Time Reasserting Itself LO Jobs; Risk Tool; Webinars and Training; Servicing and MSR Update; Rates Continue Lower Latest Video There will be a final stimulus deal by August 15: Expert Stimulus checks: How much you'll get How much would a coronavirus stimulus bill actually help the job market? More News from 'Around the Web' CNBC - 4:43PM 32% of Americans had outstanding housing payments at the beginning of August CNBC - 1:51PM Mortgage rates hit another record low, but homes are still less affordable www.realtor.com - 1:50PM The number of Americans skipping mortgage payments is falling — except among these borrowers Calculated Risk Blog - 11:26AM NY Fed Q2 Report: "Total Household Debt Decreased in Q2 2020, Marking First Decline Since 2014" d3n8a8pro7vhmx.cloudfront.net - 10:59AM Second Wave of U.S. Layoffs and Furloughs is Well Under Way Calculated Risk Blog - 10:27AM Las Vegas Real Estate in July: Sales up 4% YoY, Inventory down 35% YoY www.realtor.com - 9:58AM Attention Home Buyers: Foreign Buyers Purchased Fewer U.S. Properties eyeonhousing.org - 9:58AM Housing Affordability Hits 18-Month Low on Lack of Supply, Higher Prices CNBC - 8:33AM U.S. weekly jobless claims total 1.186 million, vs 1.423 million expected CNBC - 8:10AM Manhattan apartment deals plunge 57%, suburban real estate surges CNBC - 8:09AM Bank of England governor says negative rates are 'in the toolbox,' but there are no plans cut below zero Today's Rates Best Execution Rate Change 30 Yr FRM 2.82% -0.01 15 Yr FRM 2.38% -0.01 FHA 30 Year Fixed 2.25% +0.00 Jumbo 30 Year Fixed 3.62% -0.01 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 3.14% 0.39 -0.06 15 Yr. Fixed 2.73% 0.37 -0.03 30 Yr. Jumbo 3.51% 0.33 -0.01 30 Yr. FHA 3.27% 0.42 +0.00 5/1 ARM 3.09% -0.03 +0.01 Freddie Mac ** 30 Yr. Fixed 2.88% 0.80 -0.11 15 Yr. Fixed 2.44% 0.80 -0.07 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.90% 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 3.0 105.89 +0.17 30YR UMBS 3.5 105.42 +0.05 30YR GNMA 3.0 105.47 +0.27 30YR GNMA 3.5 105.09 +0.17 15YR UMBS 3.0 104.92 +0.02 15YR UMBS 2.5 105.23 +0.09 Treasuries Yield Change 2 YR 0.1171% -0.0020 5 YR 0.2153% -0.0079 10 YR 0.5379% -0.0115 30 YR 1.2012% -0.0243 Prices as of: 8/6/2020 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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