Daily Newsletter: Forbearances Expiring; Remote Work Not Killing Cities; Rates Surge Higher Despite Weak Jobs Data

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30 Year Fixed 3.17%   +0.02 15 Year Fixed 2.54%   +0.02 10YR Treasury 1.61%   +0.0354 View Today's Rates

Friday October 8, 2021 MND NewsWire - 2:53PM Expirations Reduce Forbearance Participants by 11 Percent The number of mortgages in forbearance saw its l argest reduction in 12 months l ast week. Black Knight said 177,000 loans exited the program, many of them having reached the end of ... MND NewsWire - 2:50PM Remote Work Apparently Not Killing Cities As the result of a Local Employment Dynamics Webinar held earlier this year, the Census Bureau has paired up with Zillow, using their combined data to show some of the impact of the ... Mortgage Rate Watch - 6:34PM Highest Rates in Months Despite Weak Jobs Report It goes by many names: The Employment Situation, Nonfarm Payrolls (NFP), or simply "the jobs report." No matter what you call it, the Labor Department's massive collection of employment ... MBS RECAP: What's Up With Super Weak NFP Tanking The Bond Market?! MBS Morning: Breaking Out in a Bad Way After NFP Sales Jobs; LO, Customer, Non-Owner, CRM UW Productivity Products; Conforming Loan Amounts; Lawsuits Latest Video The 2pm Bond Report - October 8, 2021 Senate passes bill to increase debt limit through early December September jobs report: Only 194,000 jobs added vs. 500,000 estimate More News from 'Around the Web' Calculated Risk Blog - 2:31PM 2nd Look at Local Housing Markets in September: Memphis, Nashville, North Texas (Dallas), Northwest (Seattle), Sacramento and Santa Clara (San Jose) Calculated Risk Blog - 12:57PM Q3 GDP Forecasts: Significant Downgrades CNBC - 8:57AM Covid cases dip below 100,000 a day in U.S. as nation faces colder weather and more closed-in spaces Reuters - 1:49PM Yields rise, stocks nudge higher after U.S. jobs data CNBC - 8:48AM September's jobs report badly misses expectations with payrolls increasing by just 194,000 CNBC - 8:11AM 10-year Treasury yield briefly climbs above 1.6% ahead of key jobs report Reuters - 8:11AM U.S. Senate approves temporary lift of debt ceiling, averts default Today's Rates Best Execution Rate Change 30 Yr FRM 3.17% +0.02 15 Yr FRM 2.54% +0.02 FHA 30 Year Fixed 2.78% +0.03 Jumbo 30 Year Fixed 3.13% +0.01 5/1 Yr ARM 2.85% +0.10 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 2.99% 0.30 +0.02 15 Yr. Fixed 2.35% 0.25 +0.02 30 Yr. Jumbo 3.15% 0.29 +0.03 30 Yr. FHA 3.06% 0.27 -0.02 5/1 ARM 2.52% 0.15 -0.41 Freddie Mac ** 30 Yr. Fixed 2.99% 0.70 -0.02 15 Yr. Fixed 2.23% 0.70 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.52% 0.30 +0.04 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 99.73 -0.28 30YR UMBS 2.5 102.59 -0.28 30YR GNMA 2.0 101.06 -0.30 30YR GNMA 2.5 102.50 -0.19 15YR UMBS 2.0 102.72 -0.16 15YR UMBS 2.5 104.00 -0.13 Treasuries Yield Change 2 YR 0.3198% +0.0103 5 YR 1.0563% +0.0312 10 YR 1.6118% +0.0354 30 YR 2.1655% +0.0371 Prices as of: 10/8/2021 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

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