Daily Newsletter: Strong Housing Market; Rates Are Not Actually at All-Time Lows

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.00%   -0.02 15 Year Fixed 2.44%   -0.01 10YR Treasury 0.72%   -0.0115 FNMA 30YR 3.5 105.41   +0.03 FNMA 15YR 2.5 104.69   0.00 View Today's Rates

Thursday October 15, 2020 MND NewsWire - 12:09PM Troubling Unemployment Numbers Eclipsed by a Strong Housing Market Although the housing market continues to show strength, Freddie Mac economists say there are increasingly troubling signs in the larger economy. The third quarter forecast from the ... Mortgage Rate Watch - 4:21PM No, Mortgage Rates Are NOT Actually At All-Time Lows Many of today's mortgage-related headlines are touting "new all-time lows," but there are significant caveats. The biggest caveat would likely be the fact that the average 30yr fixed ... MBS Commentary - 3:54PM MBS RECAP: Bonds Come Up Short After Another Attempt to Re-Enter Previous Range Bonds Come Up Short After Another Attempt to Re-Enter Previous Range For a second straight day, 10yr yields had a solid opportunity to move back into the previous sub-0.72 range only ... MLO, Ops Jobs; Shell Wanted; Broker, Retention, Doc Products; Investors React to USDA, FHA, VA Changes MBS Day Ahead: New Narrative? Another Case of Europe's Influence Over US Rates Latest Video BlackRock's Jeff Rosenberg on market excitement over a stimulus deal and European equities Why this trader is bullish on the 10-year futures trade Weekly jobless claims come in at 898,000, vs 830,000 expected More News from 'Around the Web' CNBC - 2:05PM 'No doubt' that crucial U.S. fiscal stimulus is coming, IMF managing director says Calculated Risk Blog - 12:16PM Hotels: Occupancy Rate Declined 29.2% Year-over-year CNBC - 12:15PM 'Hottest real estate market in the world' may be Palm Beach, Florida, brokers say eyeonhousing.org - 10:32AM Remodeling Industry Confidence Surges in Third Quarter Calculated Risk Blog - 9:32AM Philly Fed Manufacturing "Picked Up"; NY Fed Manufacturing "Increased Modestly" in October eyeonhousing.org - 9:01AM Home Building: Sales Outpacing Starts by a Historic Margin CNBC - 8:40AM Weekly jobless claims come in at 898,000, vs 830,000 expected eyeonhousing.org - 8:06AM Softwood Lumber Prices Surge a Record 29% in September — Building Materials Up 4.4% in 2020 Today's Rates Best Execution Rate Change 30 Yr FRM 3.00% -0.02 15 Yr FRM 2.44% -0.01 FHA 30 Year Fixed 2.40% -0.02 Jumbo 30 Year Fixed 3.33% -0.02 5/1 Yr ARM 2.78% -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 3.01% 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 2.81% 0.60 -0.06 15 Yr. Fixed 2.35% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.90% 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 3.0 104.50 +0.06 30YR UMBS 3.5 105.41 +0.03 30YR GNMA 3.0 103.80 +0.03 30YR GNMA 3.5 105.03 +0.02 15YR UMBS 3.0 104.69 0.00 15YR UMBS 2.5 104.08 -0.03 Treasuries Yield Change 2 YR 0.1370% -0.0040 5 YR 0.3024% -0.0032 10 YR 0.7157% -0.0115 30 YR 1.4868% -0.0232 Prices as of: 10/15/2020 11:31AM 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

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.