Daily Newsletter: Lower Rates Bringing In More Buyers (And Higher Prices); Applications Rise

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30 Year Fixed 2.98%   -0.02 15 Year Fixed 2.54%   -0.02 10YR Treasury 0.77%   +0.0034 FNMA 30YR 3.5 105.56   -0.02 FNMA 15YR 2.5 104.66   -0.05 View Today's Rates

Wednesday October 28, 2020 MND NewsWire - 11:59AM Lower Rates Bringing In More Buyers (And Higher Prices) The percentage of potential home buyers who perceive housing in their market as affordable increased in the third quarter, at least as reported in a recent National Association of Home ... Mortgage Rate Watch - 5:10PM Mortgage Rates Inch Lower, But Volatility Risks Are Increasing When interest rates plummeted in response to the early realities of the pandemic back in March/April, mortgage rates did a terrible job of keeping pace with the broader bond market ... MND NewsWire - 11:43AM Mortgage Apps Rise Slightly, Purchase Loans End Four-Week Drought Mortgage application volume rose slightly during the week ended October 23. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased ... Ops Jobs; Marketing, Broker, Contactless Closing Products; Investors and Adverse Mkt. Price Moves MBS Day Ahead: Bonds Confirming a Friendly Bounce, But With Lots of Help Latest Video Tom Lee: Fed will intervene to protect markets if there's a contested election Corelogic receives potential bids at more than $80 per share, sources tell CNBC Mortgage refinances see slight boost thanks to drop in rates More News from 'Around the Web' CNBC - 2:53PM Germany announces new Covid restrictions, France braces for more as virus surges across Europe eyeonhousing.org - 2:45PM Some Buyers Perceive an Improvement in Housing Affordability CNBC - 9:59AM Real estate fintech CoreLogic receives multiple bids at more than $80 a share, sources say Bloomberg - 8:57AM Former NY Fed Pres: The Fed Is Really Running Out of Firepower Calculated Risk Blog - 8:44AM Zillow Case-Shiller House Price Forecast: "Annual growth in September as reported by Case-Shiller is expected to accelerate" CNBC - 8:09AM As Washington delays stimulus, the Fed appears to be running out of ways to help the actual economy CNBC - 8:09AM What American workers have gainedâ€"and lostâ€"from more than 200 days of remote work Today's Rates Best Execution Rate Change 30 Yr FRM 2.98% -0.02 15 Yr FRM 2.54% -0.02 FHA 30 Year Fixed 2.41% -0.01 Jumbo 30 Year Fixed 3.35% -0.01 5/1 Yr ARM 2.72% +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 3.01% 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 2.80% 0.60 -0.01 15 Yr. Fixed 2.33% 0.60 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.87% 0.30 -0.03 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 3.0 104.44 -0.05 30YR UMBS 3.5 105.56 -0.02 30YR GNMA 3.0 104.02 -0.08 30YR GNMA 3.5 104.53 0.00 15YR UMBS 3.0 104.66 -0.05 15YR UMBS 2.5 103.95 -0.09 Treasuries Yield Change 2 YR 0.1505% +0.0011 5 YR 0.3317% +0.0000 10 YR 0.7743% +0.0034 30 YR 1.5598% +0.0054 Prices as of: 10/28/2020 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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