Daily Newsletter: Homeownership Rising; Rates Could Face Volatility After Jobs Report

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30 Year Fixed 2.84%   +0.02 15 Year Fixed 2.32%   +0.01 10YR Treasury 1.14%   +0.0035 View Today's Rates

Thursday February 4, 2021 MND NewsWire - 11:33AM Homeownership Rising Despite Seasonal Volatility The homeownership rate fell in the fourth quarter down 1.6 percentage points from its third quarter level but remained higher than in the same quarter in 2019 . The U.S. Census Bureau ... MND NewsWire - 11:37AM FHA Changes a Few Rules in Favor of Social Distancing The Federal Housing Administration (FHA) has issued several waivers to provisions in its Single-Family Housing Policy Handbook in acknowledgement of the financial impact on some of ... Mortgage Rate Watch - 4:02PM Mortgage Rate Volatility Could Increase After Tomorrow's Jobs Report Mortgage Rates have risen modestly over the past few days with the average lender now offering the highest rates in roughly 2 weeks. The ground covered during that time is fairly underwhelming ... MBS Commentary - 3:54PM MBS RECAP: Markets May Be Underestimating Tomorrow's Jobs Report Markets May Be Underestimating Tomorrow's Jobs Report Today's trading session was rather uneventful for bonds except for the fact that it resulted in the 6th straight intraday high ... Lock Desk, Credit, MLO, Ops Jobs; Underwriting, Pricing tools; DACA, URLA Changes; Primer on the Secondary Markets MBS Day Ahead: Recent Selling Spree is Actually One Of The Best Set-Ups For a Bond Rally Latest Video Democrats move toward $1.9 trillion coronavirus relief bill without Republicans The Bond Report - 9am - February 04, 2021 U.S. weekly jobless claims total 779,000 vs. 830,000 estimate More News from 'Around the Web' CNBC - 3:05PM Jobs growth likely rebounded in January, but the extent of the recovery depends on hotels and restaurants Reuters - 1:03PM Wall St rises as focus turns to stimulus, corporate earnings Reuters - 1:03PM U.S. Senate Democrats set for first step on road to new COVID-19 relief CNBC - 1:03PM Fewer people may qualify for the $1,400 stimulus payments. Here's why CNBC - 12:11PM Want to own an apartment building? Buy a distressed hotel for pennies on the dollar webfeeds.brookings.edu - 12:11PM The critical role of workforce training in the labor market recovery Reuters - 11:43AM U.S. Senate Democrats prepare to push through Biden's $1.9 trillion COVID-19 package CNBC - 10:08AM Fed's Mester doesn't see policy changes coming from GameStop saga CNBC - 8:38AM Jobless claims better than expected last week and lowest in two months Calculated Risk Blog - 8:25AM January Vehicles Sales increased to 16.63 Million SAAR CNBC - 8:05AM Bank of England says banks will need six months to prepare for negative rates CNBC - 8:05AM Treasury yields climb after better-than-expected jobs data Today's Rates Best Execution Rate Change 30 Yr FRM 2.84% +0.02 15 Yr FRM 2.32% +0.01 FHA 30 Year Fixed 2.28% +0.00 Jumbo 30 Year Fixed 3.25% -0.01 5/1 Yr ARM 2.25% +0.00 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 2.85% 0.33 -0.05 15 Yr. Fixed 2.49% 0.29 -0.02 30 Yr. Jumbo 3.12% 0.33 -0.08 30 Yr. FHA 2.96% 0.42 -0.01 5/1 ARM 2.58% 0.36 -0.02 Freddie Mac ** 30 Yr. Fixed 2.73% 0.70 +0.00 15 Yr. Fixed 2.21% 0.60 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.78% 0.30 -0.02 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 2.0 103.08 +0.05 30YR UMBS 2.5 105.19 +0.02 30YR GNMA 2.0 103.73 +0.05 30YR GNMA 2.5 104.73 -0.17 15YR UMBS 2.0 104.47 +0.02 15YR UMBS 2.5 105.02 -0.03 Treasuries Yield Change 2 YR 0.1152% -0.0039 5 YR 0.4591% -0.0047 10 YR 1.1426% +0.0035 30 YR 1.9419% +0.0152 Prices as of: 2/4/2021 5:02PM 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. © 2021 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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