Daily Newsletter: Forbearances See Largest Improvement to Date; Rates Still on a Fence

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30 Year Fixed 3.09%   +0.05 15 Year Fixed 2.52%   +0.04 10YR Treasury 1.37%   +0.0050 View Today's Rates

Monday July 12, 2021 MND NewsWire - 11:41AM Forbearances See Largest Improvement to Date There was, as expected, a huge improvement in the number of forbearance plans during the week ended July 6. Black Knight reports that the number of homeowners in plans dropped by 189 ... MBS Commentary - 3:56PM MBS RECAP: Still on a Fence as Bonds Work Through Early-Week Risks Still on a Fence as Bonds Work Through Early-Week Risks We closed out last week on a fence about the short term outlook for rates. On the one hand, Friday was fairly weak. On the other ... MBS Commentary - 9:18AM MBS Day Ahead: No New Weakness as New Week Begins Last week ended on a bittersweet note as a surprisingly strong rally was met with big push-back on Friday. The jury was out as to whether we were witnessing a firm bounce after hitting ... AE, MLO, Ops Jobs; Retention, Credit, Underwriting, Subservicing Products; Training and Events Attitudes About Buying and Selling Continue to Diverge Latest Video Treasury sells $38 billion in 10-year notes New York Fed survey reports highest one-month increase in inflation expectations The 9am Bond Report - July 12, 2021 More News from 'Around the Web' Calculated Risk Blog - 1:13PM Boston Real Estate in June: Sales Up 77% YoY, Inventory Down 19% YoY Calculated Risk Blog - 12:28PM Housing Inventory July 12th Update: Inventory Unchanged Week-over-week, Up 22% from Low in early April Reuters - 8:59AM ECB to change policy guidance at next meeting, Lagarde says Reuters - 8:59AM Marketmind: Real world data bites Reuters - 8:02AM Yellen urges EU to back global tax deal, keep fiscal support CNBC - 8:02AM Treasury yields start the week lower, 10-year Treasury around 1.34% Today's Rates Best Execution Rate Change 30 Yr FRM 3.09% +0.05 15 Yr FRM 2.52% +0.04 FHA 30 Year Fixed 2.62% +0.04 Jumbo 30 Year Fixed 3.14% -0.01 5/1 Yr ARM 2.62% +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 2.0 101.44 +0.03 30YR UMBS 2.5 103.70 +0.06 30YR GNMA 2.0 101.84 -0.13 30YR GNMA 2.5 103.31 +0.05 15YR UMBS 2.0 103.31 +0.05 15YR UMBS 2.5 104.55 +0.05 Treasuries Yield Change 2 YR 0.2267% +0.0121 5 YR 0.7930% +0.0064 10 YR 1.3662% +0.0050 30 YR 1.9995% +0.0099 Prices as of: 7/12/2021 4:40PM 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

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