Daily Newsletter: New Home Sales Still Soaring; Refi Apps Too; Mortgage Rates Little-Changed But The Fed Raises Some Doubts

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

30 Year Fixed 2.84%   -0.01 15 Year Fixed 2.39%   -0.01 10YR Treasury 0.88%   -0.0016 View Today's Rates

Wednesday November 25, 2020 Mortgage Rate Watch - 4:11PM Mortgage Rates Little-Changed But The Fed Raises Some Doubts Mortgage rates have been operating relatively close to their all-time lows recently and today was no exception. The Fed raised some doubts as to how much longer that would be the case ... MND NewsWire - 9:21AM Refi Applications Hit 7 Month Highs Refinancing increased its already overwhelming dominance of the mortgage market during the week ended November 20. The Mortgage Bankers Association (MBA) said the refinancing share ... MND NewsWire - 11:25AM New Home Sale Refuse to Back Down From 14-year highs Sales of newly constructed single-family homes slipped slightly in October; the second month sales have declined. The U.S. Census Bureau and Department of Housing and Urban Development ... MBS Commentary - 3:44PM MBS RECAP: Fed Minutes Hurt MBS, But Not Quite As Badly As It Seemed Fed Minutes Hurt MBS, But Not Quite As Badly As It Seemed Today's Fed Minutes offered a more detailed account of the meeting that took place 3 weeks ago. Markets expected there would ... Freddie Mac on Track For 25% More Loans This Year, Most of Them Refis MBS Day Ahead: Unofficial Early Close Versus Fed Minutes That Could Matter MLO, Ops Jobs; Doc, Sales, Broker Tools; Disaster Updates; Investors React to Freddie and Fannie Changes Latest Video Another record low mortgage rate causes mortgage demand to rise New home sales are up 41 percent year over year Homebuilders face rising costs, slower supply chains due to Covid More News from 'Around the Web' news.google.com - 4:06PM Fed weighed adjusting bond purchases to provide more help to economy 'fairly soon,' minutes show - CNBC CNBC - 2:26PM Fed releases minutes from November meeting Federal Reserve - 2:03PM Fed Minutes: Full Text CNBC - 12:55PM The CDC is expected to shorten Covid quarantine time, something most everyone seems to agree on CNBC - 10:38AM Buying a home: Why it's harder for younger generations than their parents news.google.com - 10:32AM Yellen would need Congress to approve use of clawed-back Fed loan funds, Treasury says Calculated Risk Blog - 10:31AM Personal Income decreased 0.7% in October, Spending increased 0.5% Calculated Risk Blog - 9:11AM Q3 GDP Growth Unchanged at 33.1% Annual Rate CNBC - 9:11AM Covid cases are exploding across U.S. and Thanksgiving could be an 'accelerator event' CNBC - 8:34AM U.S. weekly jobless claims total 778,000, vs 733,000 estimate news.google.com - 8:08AM What a Treasury Secretary Janet Yellen would mean for markets CNBC - 8:07AM The market is looking for clues from the Fed on whether it will adjust bond buying Today's Rates Best Execution Rate Change 30 Yr FRM 2.84% -0.01 15 Yr FRM 2.39% -0.01 FHA 30 Year Fixed 2.38% -0.02 Jumbo 30 Year Fixed 3.25% -0.02 5/1 Yr ARM 2.64% +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 2.99% 0.37 +0.01 15 Yr. Fixed 2.59% 0.35 +0.04 30 Yr. Jumbo 3.11% 0.28 -0.02 30 Yr. FHA 3.11% 0.37 +0.03 5/1 ARM 2.84% 0.53 +0.05 Freddie Mac ** 30 Yr. Fixed 2.72% 0.70 +0.00 15 Yr. Fixed 2.28% 0.60 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.16% 0.30 +0.31 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 2.0 103.48 -0.05 30YR UMBS 2.5 104.59 -0.02 30YR GNMA 2.0 104.14 0.00 30YR GNMA 2.5 104.86 0.00 15YR UMBS 2.0 103.86 -0.03 15YR UMBS 2.5 103.89 +0.02 Treasuries Yield Change 2 YR 0.1622% -0.0019 5 YR 0.3924% -0.0079 10 YR 0.8832% -0.0016 30 YR 1.6276% +0.0151 Prices as of: 11/25/2020 4:36PM 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.