Daily Newsletter: Buyers and Sellers Drifting Farther Apart; Lowest Rates in 5 Months

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30 Year Fixed 3.03%   -0.04 15 Year Fixed 2.47%   -0.06 10YR Treasury 1.29%   -0.0284 View Today's Rates

Thursday July 8, 2021 MND NewsWire - 11:38AM Attitudes About Buying and Selling Continue to Diverge Fannie Mae said "Consumers are increasingly adamant that it's a good time to sell, bad time to buy a home" as it released its June Home Purchase Sentiment Index (HPSI). The index, based ... Mortgage Rate Watch - 2:58PM Mortgage Rates Officially Hit 5-Month Lows With yesterday's mortgage rates already near longer-term lows, all it took was a modest improvement for today's rates to officially hit their best levels since February . The strong ... MBS Commentary - 4:20PM MBS RECAP: Impressive Move to Longer-Term Lows. What's Next? Impressive Move to Longer-Term Lows. What's Next? The centerpiece of today's global trading session was an impressive overnight rally that took 10yr yields as low as 1.25%. That was ... MLO, Broker, RE Agent Opportunities; Wholesale and Broker, Lock Desk Products; Downward Move in Rates MBS Day Ahead: A Time For Celebration And Caution Latest Video A formal Fed taper announcement likely: JPMorgan's Jay Barry on rates Wednesday's decline in yields was technically driven, strategist says BlackRock's Rick Rieder on what he thinks rates do very well More News from 'Around the Web' Reuters - 4:21PM Wall Street ends lower as recovery momentum concerns fuel broad sell-off Calculated Risk Blog - 1:11PM NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased Slightly YoY in Early July Calculated Risk Blog - 12:07PM Leading Index for Commercial Real Estate "Loses Steam In June" CNBC - 10:42AM Wells Fargo tells customers it's shuttering all personal lines of credit CNBC - 9:25AM China's central bank is 'quite worried' about global risks from some digital currencies Reuters - 8:53AM Analysis: U.S. bond managers say market has overshot, yields too low CNBC - 8:33AM U.S weekly jobless claims unexpectedly rise to 373,000, as job growth slows CNBC - 8:05AM 10-year Treasury yield falls to 1.25% on concerns about economic growth, Covid variant Reuters - 8:04AM U.S. Treasury rally powers on, world shares take a knock Today's Rates Best Execution Rate Change 30 Yr FRM 3.03% -0.04 15 Yr FRM 2.47% -0.06 FHA 30 Year Fixed 2.55% -0.08 Jumbo 30 Year Fixed 3.15% -0.03 5/1 Yr ARM 2.58% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.15% 0.38 -0.05 15 Yr. Fixed 2.52% 0.23 -0.04 30 Yr. Jumbo 3.20% 0.28 -0.03 30 Yr. FHA 3.17% 0.32 -0.02 5/1 ARM 0.29% 0.34 -2.69 Freddie Mac ** 30 Yr. Fixed 2.90% 0.60 -0.08 15 Yr. Fixed 2.20% 0.70 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.52% 0.20 -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 2.0 101.83 +0.27 30YR UMBS 2.5 103.91 +0.17 30YR GNMA 2.0 102.33 +0.27 30YR GNMA 2.5 103.44 +0.06 15YR UMBS 2.0 103.48 +0.13 15YR UMBS 2.5 104.55 +0.02 Treasuries Yield Change 2 YR 0.1963% -0.0218 5 YR 0.7420% -0.0432 10 YR 1.2945% -0.0284 30 YR 1.9253% -0.0170 Prices as of: 7/8/2021 5:06PM 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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