Daily Newsletter: Home Sales at 14-Year High; Equity Surging; Refresher on Refi Fee's Rate Hit

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30 Year Fixed 3.05%   -0.01 15 Year Fixed 2.68%   +0.00 10YR Treasury 0.67%   +0.0017 FNMA 30YR 3.5 105.30   +0.05 FNMA 15YR 2.5 104.91   0.00 View Today's Rates

Tuesday September 22, 2020 MND NewsWire - 11:26AM Home Sales Surge to Best Levels in 14 Years Existing home sales continued on a roll for the third consecutive month, hitting the highest level in August since December 2006. The National Association of Realtors® (NAR) said ... MND NewsWire - 10:24AM Homeowner Equity Surged in Q2 There was another big surge in the amount of equity on the balance sheets of American homeowners in the second quarter of this year. CoreLogic reports that the 4.3 percent gain in home ... Mortgage Rate Watch - 4:55PM Refresher on The New Refi Fee and Its Effect on Mortgage Rates Fannie Mae and Freddie Mac are the two government sponsored agencies that guarantee timely payment of principal and interest to the investors who front the money that finances the American ... MBS Commentary - 4:37PM MBS RECAP: Floating, Locking, and Reasons For Sideways Rates (Including Politics) Stocks vs Bonds; Bonds vs Supply There's a fairly strong case to be made for stock market weakness helping bond yields remain lower than they otherwise might be in September. As such ... MBS Day Ahead: A Brief History of Bonds' Break-Up With Econ Data Ops, LO Jobs; ROI, Workflow, Underwriting Tools; Training; Improving Forbearance Stats Latest Video Bulk of market sell-off is due to disappointing Fed communication: Strategist Fed chair Powell responds to questions about bank bailouts and business lending problems More fiscal support is needed: Jerome Powell More News from 'Around the Web' eyeonhousing.org - 1:19PM Home Values, Owners' Equity Rise in 2Q20 Calculated Risk Blog - 1:19PM MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 6.93%" webfeeds.brookings.edu - 1:19PM An Eviction Moratorium without Rental Assistance Hurts Smaller Landlords, Too CNBC - 11:12AM $300 unemployment benefits end in at least 9 states as stimulus hopes fade CNBC - 8:33AM If you're home-rich but cash-poor, here's what to know about reverse mortgages Calculated Risk Blog - 8:04AM Fed's Flow of Funds: Household Net Worth Increased $6.2 Trillion in Q2 CNBC - 8:03AM Powell pledges the Fed's economic aid 'for as long as it takes' www.redfin.com - 8:02AM Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers' Priorities Today's Rates Best Execution Rate Change 30 Yr FRM 3.05% -0.01 15 Yr FRM 2.68% +0.00 FHA 30 Year Fixed 2.50% +0.00 Jumbo 30 Year Fixed 3.40% -0.02 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 3.07% 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 3.0 104.72 +0.06 30YR UMBS 3.5 105.30 +0.05 30YR GNMA 3.0 104.17 0.00 30YR GNMA 3.5 104.81 +0.06 15YR UMBS 3.0 104.91 0.00 15YR UMBS 2.5 104.25 0.00 Treasuries Yield Change 2 YR 0.1371% -0.0020 5 YR 0.2659% -0.0032 10 YR 0.6708% +0.0017 30 YR 1.4207% +0.0026 Prices as of: 9/22/2020 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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