Daily Newsletter: Lenders Posted Record Profits in Q2; Mortgage Volume Bounced Back Last Week; Rates Fairly Steady

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30 Year Fixed 2.88%   +0.00 15 Year Fixed 2.41%   +0.00 10YR Treasury 0.70%   +0.0197 FNMA 30YR 3.5 105.36   -0.13 FNMA 15YR 2.5 105.03   -0.05 View Today's Rates

Wednesday September 9, 2020 MND NewsWire - 10:15AM Loan Originators Posted Record Profits in Q2 While servicing income was down, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks had a very profitable second quarter. They reported an average net gain ... MND NewsWire - 8:11AM Mortgage Volume Bounced Back With Last Week's Lower Rates The volume of mortgage applications reversed direction last week, pulling out a small gain after three straight weeks of declines. The Mortgage Bankers Association's (MBA's) Weekly ... Mortgage Rate Watch - 3:44PM Mortgage Rates Staying Fairly Steady Mortgage rates haven't moved much so far this week and they were surprisingly steady at the end of last week despite volatility in the underlying bond market. What does the bond market ... MBS Commentary - 3:09PM MBS RECAP: It Could Have Been a Lot Worse It Could Have Been a Lot Worse Although the bond market definitely had its own reasons to weaken last Friday, stocks have been making big enough moves to complicate things. Simply put ... CRM, Marketing, Fraud Products; Mortgage Apps Move Higher; LO Jobs Q2 Saw Highest Origination Volume in History, Q3 Might be Even Better Latest Video July JOLTS report sees 6.6M job openings vs. 6M expected Why the election year signals optimism despite recent market selloff Recovery could falter without more targeted, focused stimulus: Charles Dallara More News from 'Around the Web' www.redfin.com - 2:20PM Housing Market Sees Biggest Uptick in New Listings in Almost 2 Years as Pending Sales Surge 21% eyeonhousing.org - 2:19PM Open-Ended Credit Slowly Recovers in July Calculated Risk Blog - 12:40PM Las Vegas Real Estate in August: Sales down 9% YoY, Inventory down 36% YoY Calculated Risk Blog - 12:00PM NMHC: Rent Payment Tracker Shows Decline in Households Paying Rent in September CNBC - 11:26AM Job openings top expectations even as rate of hiring slows eyeonhousing.org - 10:39AM Construction Job Openings Rise in July as Recovery Advances CNBC - 9:34AM Ron Insana: Trump's threatened divorce from China unlikely to be amicable CNBC - 8:13AM European Central Bank could announce policy tweaks this week after shock inflation data CNBC - 8:03AM Bond king Jeffrey Gundlach says the surge in retail investor activity is 'downright terrifying' Today's Rates Best Execution Rate Change 30 Yr FRM 2.88% +0.00 15 Yr FRM 2.41% +0.00 FHA 30 Year Fixed 2.45% +0.00 Jumbo 30 Year Fixed 3.45% +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 3.07% 0.36 -0.01 15 Yr. Fixed 2.62% 0.33 -0.05 30 Yr. Jumbo 3.40% 0.31 -0.01 30 Yr. FHA 3.16% 0.42 -0.03 5/1 ARM 2.99% 0.58 -0.09 Freddie Mac ** 30 Yr. Fixed 2.93% 0.80 +0.02 15 Yr. Fixed 2.42% 0.80 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.93% 0.20 +0.02 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 3.0 105.17 -0.17 30YR UMBS 3.5 105.36 -0.13 30YR GNMA 3.0 104.80 -0.05 30YR GNMA 3.5 105.03 -0.11 15YR UMBS 3.0 105.03 -0.05 15YR UMBS 2.5 104.89 -0.03 Treasuries Yield Change 2 YR 0.1468% +0.0039 5 YR 0.2817% +0.0127 10 YR 0.7017% +0.0197 30 YR 1.4577% +0.0319 Prices as of: 9/9/2020 4:22PM 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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