Daily Newsletter: Mortgage Rates Hit Record Lows but Applications Fell Flat; Maybe Rates Aren't Exactly at Record Lows?

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30 Year Fixed 3.02%   +0.00 15 Year Fixed 2.45%   +0.00 10YR Treasury 0.73%   -0.0017 FNMA 30YR 3.5 105.38   0.00 FNMA 15YR 2.5 104.69   -0.02 View Today's Rates

Wednesday October 14, 2020 MND NewsWire - 9:34AM Mortgage Rates Hit Record Lows but Applications Fell Flat The volume of mortgage applications dipped slightly last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was down 0.7 percent ... Mortgage Rate Watch - 4:44PM Sideways Streak Continues For Rates If you're shopping for a purchase mortgage and if you'd previously received quotes from one of the slower moving lenders back in late July or early August, you may be looking at mortgage ... MBS Commentary - 4:35PM MBS RECAP: Timid Treasuries Plus MBS Outperformance Suggest Caution Bonds Start Strong But MBS Struggle to Keep Up Last week was clearly a defensive shift for the bond market. Yields asymptotically approached 0.79% but managed to find support at that ... MBS Day Ahead: Wholesale Inflation Still a Supporting Actor For Bonds Controller, Ops, MLO Jobs; CFO for Hire; Appraisal, Broker Tools; Treasury Auction Primer Latest Video Pelosi, Mnuchin continue discussions on stimulus proposals U.S. producer prices rose more than expected in September This is not a big deal: Jefferies managing director on Eli Lilly pausing Covid-19 trials More News from 'Around the Web' www.npr.org - 4:35PM Paris Under Curfew: Europe Reacts As Countries See Highest-Ever Coronavirus Numbers CNBC - 3:05PM Pelosi, Mnuchin speak about coronavirus stimulus again as stalemate drags on eyeonhousing.org - 3:02PM Real Rent Index Decline Continues in September Calculated Risk Blog - 3:01PM Houston Real Estate in September: Sales Up 32% YoY, Inventory Down 25% YoY news.google.com - 12:41PM Landlords feel the financial squeeze as coronavirus pandemic continues CNBC - 11:58AM Watch: Treasury Secretary Mnuchin speaks as White House, Democrats try to strike stimulus deal CNBC - 10:05AM Treasury yields are little changed as traders weigh latest coronavirus and stimulus news CNBC - 9:24AM Fed Vice Chair Clarida says economy needs 'perhaps another year' to return to pre-pandemic level CNBC - 8:07AM How the U.S. election could affect Europe's markets, economy and trade Calculated Risk Blog - 8:07AM MBA: Mortgage Applications Decrease in Latest Weekly Survey Today's Rates Best Execution Rate Change 30 Yr FRM 3.02% +0.00 15 Yr FRM 2.45% +0.00 FHA 30 Year Fixed 2.42% +0.04 Jumbo 30 Year Fixed 3.35% +0.01 5/1 Yr ARM 2.79% -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 3.0 104.44 +0.05 30YR UMBS 3.5 105.38 0.00 30YR GNMA 3.0 103.77 -0.02 30YR GNMA 3.5 105.02 0.00 15YR UMBS 3.0 104.69 -0.02 15YR UMBS 2.5 104.11 +0.03 Treasuries Yield Change 2 YR 0.1430% +0.0021 5 YR 0.3056% +0.0000 10 YR 0.7272% -0.0017 30 YR 1.5087% -0.0040 Prices as of: 10/14/2020 5:01PM 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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