Daily Newsletter: Late-Stage Delinquencies Now Twice Great Recession Peak; How Pandemic is Changing The Industry

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30 Year Fixed 3.02%   -0.02 15 Year Fixed 2.45%   +0.00 10YR Treasury 0.73%   -0.0498 FNMA 30YR 3.5 105.38   +0.02 FNMA 15YR 2.5 104.70   -0.02 View Today's Rates

Tuesday October 13, 2020 MND NewsWire - 1:08PM Late-Stage Delinquencies Now Twice Great Recession Peak Mortgage delinquencies continued to rise in July according to CoreLogic's new loan performance report. The company found that 6.6 percent of all mortgages were at least 30 days past ... MND NewsWire - 8:54AM Pandemic and Recession are Changing the Way People Rent and Buy Robert Dietz says you can count him as among those who believe the geography of housing demand is being changed by the pandemic and the resulting recession. He also thinks some of the ... MND NewsWire - 1:04PM California Law Seeks to Restrain Wall Street's Potential Landlords California is taking steps to avoid a repeat of the conversion of thousands of single-family homes from ownership to rental properties as occurred during the Great Recession. In late ... Mortgage Rate Watch - 4:56PM Mortgage Rates Slightly Lower Mortgage Rates have been exceptionally calm recently. The only major exception has been the implementation, delay, and re-implementation of a new fee that affects almost all refinance ... MBS RECAP: Bonds Start Strong But MBS Struggle to Keep Up MBS Week Ahead: Moderate Calendar Ahead; Bonds Start Strong; What's Up With the MBS Chart? Credit, Sales, Subservicing, Fulfillment Products; Webinars and Training For Everyone Forbearance and Late Payments are Making Mortgages Harder to Get Latest Video This is not a big deal: Jefferies managing director on Eli Lilly pausing Covid-19 trials Senate will take up Covid-19 small business relief when it returns, says Mitch McConnell U.S. Consumer Price Index rose 0.2% in September, as expected More News from 'Around the Web' www.npr.org - 4:54PM Europe Reports Record-High 700,000 COVID-19 Cases Last Week, WHO Says news.google.com - 2:59PM Unemployment was supposed to be temporary. Now, it's permanent for almost 4 million - CNBC CNBC - 2:55PM IMF warns of 'sharp adjustment' in financial markets despite 'remarkable' recovery this year CNBC - 2:54PM McConnell plans coronavirus aid vote as Pelosi says White House stimulus plan falls short Calculated Risk Blog - 2:37PM Technical Note: October Employment Report Will Show a Significant Decrease in Temporary Census Workers CNBC - 11:25AM Treasury yields fall as traders weigh U.S. coronavirus stimulus prospects Calculated Risk Blog - 11:24AM Cleveland Fed: Key Measures Show Inflation Eased Year-over-year in September CNBC - 9:24AM Social Security cost-of-living adjustment will be 1.3% in 2021 Calculated Risk Blog - 8:52AM BLS: CPI increased 0.2% in September, Core CPI increased 0.2% Calculated Risk Blog - 8:04AM MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 6.32%" CNBC - 8:03AM Global housing market is holding up well despite the pandemic, Jefferies strategist says Today's Rates Best Execution Rate Change 30 Yr FRM 3.02% -0.02 15 Yr FRM 2.45% +0.00 FHA 30 Year Fixed 2.38% -0.01 Jumbo 30 Year Fixed 3.34% -0.01 5/1 Yr ARM 2.81% -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 3.01% 0.37 -0.04 15 Yr. Fixed 2.59% 0.36 -0.06 30 Yr. Jumbo 3.31% 0.30 -0.02 30 Yr. FHA 3.12% 0.32 -0.03 5/1 ARM 2.80% 0.34 -0.15 Freddie Mac ** 30 Yr. Fixed 2.87% 0.80 -0.01 15 Yr. Fixed 2.37% 0.70 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.89% 0.20 -0.01 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 3.0 104.41 -0.11 30YR UMBS 3.5 105.38 +0.02 30YR GNMA 3.0 103.78 -0.05 30YR GNMA 3.5 105.02 -0.11 15YR UMBS 3.0 104.70 -0.02 15YR UMBS 2.5 104.08 +0.02 Treasuries Yield Change 2 YR 0.1409% -0.0160 5 YR 0.3056% -0.0349 10 YR 0.7289% -0.0498 30 YR 1.5127% -0.0644 Prices as of: 10/13/2020 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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