Daily Newsletter: Construction Slows after Three Busy Months; Rates Vary Widely--Nothing To Do With Fed

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30 Year Fixed 3.02%   -0.02 15 Year Fixed 2.53%   -0.02 10YR Treasury 0.69%   -0.0098 FNMA 30YR 3.5 105.34   -0.02 FNMA 15YR 2.5 104.97   -0.02 View Today's Rates

Thursday September 17, 2020 MND NewsWire - 11:46AM Pace of Construction Slows after Three Busy Months Residential construction activity took a breather in August. The U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that all three measures ... Mortgage Rate Watch - 4:56PM Mortgage Rates Vary Widely--Nothing To Do With The Fed Yesterday's policy announcement from the Federal Reserve had a chance to cause significant volatility for the bond market and the bond market is the chief ingredient in the mortgage ... MBS Commentary - 4:06PM MBS RECAP: Still Waiting on Bonds to Attempt a Range Breakout Still Waiting on Bonds to Attempt a Range Breakout Yesterday's Fed announcement managed to deliver the bare minimum of the market's expectations and underdeliver on fairly reasonable ... MBS Day Ahead: Markets Debating Next Move After Fed; Update on Mortgage Spreads Credit Score, Lead Source, QC Products; Free Western Secondary and Other Events; Agencies React to Disasters Latest Video Why home prices may continue to push higher Why Mohamed El-Erian says Fed Chair Powell's stumbles yesterday affected markets Hooper: The Fed is saying its support for the economy won't be a temporary move, and that should be positive for equities More News from 'Around the Web' www.redfin.com - 4:07PM How Much Can You Negotiate on a House, Really? Calculated Risk Blog - 1:56PM CAR on California August Housing: Sales up 15% YoY, Active Listings down 50% YoY, Sales-to-date Down 7% Compared to 2019 www.realtor.com - 1:56PM 8 Dome Homes for Buyers in Search of Something Different Calculated Risk Blog - 9:23AM Housing Starts decreased to 1.416 Million Annual Rate in August CNBC - 8:34AM U.S. weekly jobless claims total 860,000, vs 875,000 expected CNBC - 8:05AM European stocks head for lower open as markets react to Fed meeting www.realtor.com - 8:05AM With Mortgage Rates at Record Lows, How Can Buyers Know When To Pounce? CNBC - 8:04AM Treasury yields retreat as caution over recovery remains despite Fed support Today's Rates Best Execution Rate Change 30 Yr FRM 3.02% -0.02 15 Yr FRM 2.53% -0.02 FHA 30 Year Fixed 2.38% -0.02 Jumbo 30 Year Fixed 3.50% +0.00 5/1 Yr ARM 2.79% +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 3.07% 0.32 +0.00 15 Yr. Fixed 2.61% 0.35 -0.01 30 Yr. Jumbo 3.41% 0.27 +0.01 30 Yr. FHA 3.16% 0.35 +0.00 5/1 ARM 3.20% 0.58 +0.21 Freddie Mac ** 30 Yr. Fixed 2.87% 0.80 +0.01 15 Yr. Fixed 2.35% 0.80 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.96% 0.30 -0.15 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 3.0 104.70 -0.02 30YR UMBS 3.5 105.34 -0.02 30YR GNMA 3.0 104.09 -0.02 30YR GNMA 3.5 104.64 -0.11 15YR UMBS 3.0 104.97 -0.02 15YR UMBS 2.5 104.44 -0.05 Treasuries Yield Change 2 YR 0.1390% +0.0000 5 YR 0.2786% -0.0048 10 YR 0.6887% -0.0098 30 YR 1.4401% -0.0222 Prices as of: 9/17/2020 5:06PM 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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