Daily Newsletter: Builder Confidence Continues to Shatter Records; Rates Running Out of Things to be Afraid Of

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30 Year Fixed 2.90%   -0.02 15 Year Fixed 2.40%   -0.02 10YR Treasury 0.86%   -0.0426 View Today's Rates

Tuesday November 17, 2020 MND NewsWire - 11:54AM Builder Confidence Continues to Shatter Previous Records For the third straight month the level of builder confidence in the new home market set a record high . The National Association of Home Builders (NAHB) said the Housing Market Index ... Mortgage Rate Watch - 4:20PM Mortgage Rates Remain Near Recent Lows Mortgage rates were little-changed today, with the average lender only microscopically better than yesterday. That means few loan seekers will notice any difference from yesterday. ... MBS Commentary - 4:04PM MBS RECAP: Rates Running Out of Things to be Afraid Of? Rates Running Out of Things to be Afraid Of? Bonds improved today--mostly during the overnight trading session, but they did a good job defending those gains during domestic hours. ... MLO Jobs; Income, Workflow, Customer Service Tools; Agency Personnel Changes Regardless of Salaries MBS Day Ahead: Technical Tug-O-War Continues For Bonds Latest Video Home builder confidence reaches all-time-high Atlanta Fed President Raphael Bostic on what October retail sales data says about recovery U.S. retail sales rose 0.3% in October, vs 0.5% increase expected More News from 'Around the Web' eyeonhousing.org - 4:06PM Building Materials Prices Little Changed in October eyeonhousing.org - 4:05PM Senior Loan Officer Opinion Survey Q3 2020 CNBC - 4:05PM Shelton Fed nomination fails key Senate procedure vote, likely ending her chances CNBC - 2:07PM One chart reveals depth of damage to U.S. economy during Covid crisis, Leuthold's Jim Paulsen says CNBC - 2:07PM Congress is far from sending more stimulus help as coronavirus cases surge and economic pain looms Calculated Risk Blog - 12:07PM NY Fed Q3 Report: "Total Household Debt Increased in Q3 2020, Led by Surge in New Credit Extensions" CNBC - 10:33AM Bostic says Fed's tools still have 'juice' and will be used if the economy slows Calculated Risk Blog - 10:33AM Industrial Production Increased 1.1 Percent in October; 5.6% Below Pre-Crisis Level Calculated Risk Blog - 10:32AM NAHB: Builder Confidence Increased to 90 in November, Record High Calculated Risk Blog - 8:53AM Retail Sales increased 0.3% in October CNBC - 8:20AM Treasury yields ease back following positive vaccine news from Moderna CNBC - 8:19AM Covid vaccine front-runners: How much they cost, who's bought them and how they're stored Today's Rates Best Execution Rate Change 30 Yr FRM 2.90% -0.02 15 Yr FRM 2.40% -0.02 FHA 30 Year Fixed 2.38% +0.00 Jumbo 30 Year Fixed 3.25% -0.03 5/1 Yr ARM 2.75% +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 3.00% 0.35 -0.02 15 Yr. Fixed 2.60% 0.37 -0.01 30 Yr. Jumbo 3.28% 0.31 -0.05 30 Yr. FHA 3.14% 0.35 +0.02 5/1 ARM 3.05% 0.64 +0.19 Freddie Mac ** 30 Yr. Fixed 2.84% 0.70 +0.06 15 Yr. Fixed 2.34% 0.60 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.11% 0.40 +0.22 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 2.0 103.58 +0.25 30YR UMBS 2.5 104.59 +0.17 30YR GNMA 2.0 104.19 +0.50 30YR GNMA 2.5 104.61 +0.55 15YR UMBS 2.0 103.92 +0.11 15YR UMBS 2.5 104.11 +0.13 Treasuries Yield Change 2 YR 0.1731% -0.0060 5 YR 0.3808% -0.0271 10 YR 0.8619% -0.0426 30 YR 1.6105% -0.0577 Prices as of: 11/17/2020 4:53PM 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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