Daily Newsletter: Market Indecision After Moderna Vaccine News; Calm Day For Mortgage Rates

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30 Year Fixed 2.92%   -0.02 15 Year Fixed 2.42%   -0.02 10YR Treasury 0.91%   +0.0099 View Today's Rates

Monday November 16, 2020 MBS Commentary - 3:36PM MBS RECAP: Bond Market Indecision After More Vaccine News Bond Market Indecision After More Vaccine News Another Monday, another early morning announcement of staggeringly high efficacy in a covid vaccine trial. This time, however, bonds didn ... Mortgage Rate Watch - 3:56PM Surprisingly Calm Day For Mortgage Rates Last week, trial results from Pfizer's covid vaccine sent shockwaves through financial markets. Stock prices and bond yields both moved decisively higher. In general, higher bond yields ... MBS Commentary - 10:20AM MBS Week Ahead: The Race is On: Vaccine Hope vs Winter of Discontent On back to back Monday mornings at 6:45am, both of the frontrunner covid vaccine trials have announced surprisingly strong late stage results (Pfizer last week and Moderna today). While ... MLO Jobs; Customer Service, QC, Marketing, Servicing Products; Events and Training From Your Living Room New Loan Limits Soon; Refi Fee Confusion; and Rate Volatility Latest Video Fed doesn't have much firepower to protect near-term economy: Fmr. NY Fed president Moderna's vaccine efficacy is 'stunning,' says former Medtronic CEO Mick Mulvaney: Policy makers may consider a targeted stimulus approach More News from 'Around the Web' CNBC - 3:34PM Third Republican comes out against Shelton for Fed seat, complicating nomination CNBC - 2:27PM More fiscal stimulus is needed even with vaccines, Bill Dudley says CNBC - 12:18PM Election results, vaccine news could shake up the outlook for a coronavirus stimulus package. What you know about the aid that may be coming Calculated Risk Blog - 9:42AM NY Fed: Manufacturing: Business activity "expanded slightly" in New York State in November eyeonhousing.org - 9:41AM Strong Gains for September Single-Family Permits www.npr.org - 9:36AM Controversial Fed Nominee Set To Prevail In Senate Confirmation Vote This Week CNBC - 8:33AM Dr. Scott Gottlieb on Moderna Covid vaccine data: 'We could effectively end this pandemic in 2021' CNBC - 8:30AM Coronavirus live updates: U.S. cases cross 11 million; Moderna says its vaccine is more than 94% effective Today's Rates Best Execution Rate Change 30 Yr FRM 2.92% -0.02 15 Yr FRM 2.42% -0.02 FHA 30 Year Fixed 2.38% -0.02 Jumbo 30 Year Fixed 3.28% -0.02 5/1 Yr ARM 2.74% +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 2.0 103.33 +0.02 30YR UMBS 2.5 104.44 +0.08 30YR GNMA 2.0 103.67 -0.20 30YR GNMA 2.5 104.02 -0.31 15YR UMBS 2.0 103.81 +0.08 15YR UMBS 2.5 103.98 +0.05 Treasuries Yield Change 2 YR 0.1811% +0.0000 5 YR 0.4079% -0.0015 10 YR 0.9078% +0.0099 30 YR 1.6615% +0.0140 Prices as of: 11/16/2020 3:56PM 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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