Daily Newsletter: Covid's Impact on Housing/Mortgage Markets in March; Cost of Imperfection Remains High For Borrowers

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

30 Year Fixed 3.22%   +0.03 15 Year Fixed 3.05%   +0.04 10YR Treasury 0.63%   +0.0124 FNMA 30YR 3.5 105.53   -0.08 FNMA 15YR 2.5 105.41   0.00 View Today's Rates

Monday May 4, 2020 MND NewsWire - 9:08AM Here's How The Pandemic Affected Housing/Mortgage Markets in March Black Knight's new Mortgage Monitor restates some of the statistics on COVID-19 related forbearance plans it released late last week - i.e. that the number of those plans had reached ... Mortgage Rate Watch - 5:04PM Cost of Imperfection Remains High in The Mortgage World Mortgage rates moved off their recent lows to start the new week, but only slightly. That keeps the average lender very close to the lowest rates in roughly 2 months. It also keeps ... MND NewsWire - 4:27PM Forbearance Problem Remains Huge, But The Pace is Slowing The Mortgage Bankers Association (MBA) has confirmed the findings that Black Knight reported on Monday morning that, while the number of forbearances in effect as a result of the COVID ... MBS Commentary - 10:28AM MBS Week Ahead: Behold The Fed's Giant Tranquilizer Gatling Gun The Federal Reserve's capacity and willingness to engage in aggressive easing measures is often described as a "bazooka." This likens it to an imprecise and indiscriminate weapon of ... Healthcare and Public Safety Expenditures Boost Construction in April LO Jobs; CRM, Audit, Doc Products; Upcoming Events and Training Latest Video Fed action could lead to 'zombie companies,' says Allianz's Mohamed El-Erian Economic data forecasts a long road back to normal as US business reopen Bank of America CEO: Stimulus impact will hit over the next few weeks More News from 'Around the Web' Reuters - 4:54PM Internal U.S. document foresees surge of coronavirus deaths, NY Times says Reuters - 3:59PM California governor says some businesses may begin reopening this week CNBC - 3:03PM US Treasury seeks to borrow a record $3 trillion this quarter CNBC - 2:46PM Businesses continue to apply for a PPP loan. Forgiveness remains uncertain Reuters - 2:22PM New York governor outlines reopening plan with construction, manufacturing first CNBC - 2:11PM Unemployment benefits will be reduced after July 31 finance.yahoo.com - 1:05PM Dirt-Cheap U.S. Mortgages Thwarted by $5 Billion in Margin Calls CNBC - 12:00PM Coronavirus will shrink US home prices by 2-3% nationally, Zillow forecasts, but deeper dive could be in store Calculated Risk Blog - 11:42AM Update: Framing Lumber Future Prices Mostly Unchanged Year-over-year eyeonhousing.org - 10:05AM Affordability Expectations Show No Improvement among Home Buyers Calculated Risk Blog - 9:37AM BEA: April Vehicles Sales decreased to 8.6 Million SAAR, Lowest in 50 Years Reuters - 9:37AM U.S. Treasury's Mnuchin cautious on need for more federal coronavirus relief aid CNBC - 8:31AM Small business confidence crashes, revealing more Main Street carnage may lie ahead Reuters - 8:08AM For Fed Chair Powell, March was pure madness as coronavirus response intensified Calculated Risk Blog - 8:05AM Black Knight Mortgage Monitor for March; Discussion of Forebearance Plans Today's Rates Best Execution Rate Change 30 Yr FRM 3.22% +0.03 15 Yr FRM 3.05% +0.04 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 4.40% +0.00 5/1 Yr ARM 4.04% +0.02 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 3.43% 0.34 -0.02 15 Yr. Fixed 2.98% 0.28 -0.05 30 Yr. Jumbo 3.72% 0.00 -0.09 30 Yr. FHA 0.00% 0.00 -3.33 5/1 ARM 0.00% 0.00 -3.29 Freddie Mac ** 30 Yr. Fixed 3.23% 0.70 -0.10 15 Yr. Fixed 2.77% 0.60 -0.09 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.14% 0.40 -0.14 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 3.0 105.53 +0.02 30YR UMBS 3.5 105.53 -0.08 30YR GNMA 3.0 106.45 -0.08 30YR GNMA 3.5 106.89 +1.64 15YR FNMA 3.0 105.41 0.00 15YR FNMA 2.5 104.47 0.00 Treasuries Yield Change 2 YR 0.1841% -0.0137 5 YR 0.3608% +0.0079 10 YR 0.6305% +0.0124 30 YR 1.2771% +0.0240 Prices as of: 5/4/2020 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. © 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.

Daily Newsletter: Rates Are Low, But They Should be Lower; Fannie Profit Plummets; Forbearance Fears Confirmed

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

30 Year Fixed 3.19%   +0.00 15 Year Fixed 3.01%   -0.01 10YR Treasury 0.62%   -0.0275 FNMA 30YR 3.5 105.61   -0.06 FNMA 15YR 2.5 105.41   -0.08 View Today's Rates

Friday May 1, 2020 MND NewsWire - 12:36PM Fannie Profit Plummets; Forbearance Fears Confirmed Given their respective sizes, the economic dislocation created by the COVID-19 pandemic appears to have hit Fannie Mae harder than its competitor GSE Freddie Mac. Fannie Mae said on ... MBS Commentary - 10:46AM MBS Day Ahead: Rates Are Low, But How Low Should They Be? In the day ahead, bonds will digest manufacturing PMI data, both from IHS-Markit and ISM. While these PMIs are typically big market movers--potentially, at least--the impact of economic ... MND NewsWire - 11:07AM Home Seller Profits Still Significant Despite Coronavirus Impact Homeownership continued to be a significant builder of household wealth in the first quarter of this year. ATTOM Data Solutions said home sellers nationwide realized a home price gain ... MND NewsWire - 9:47AM Forbearance Count Nears Four Million, 7.3% of all Mortgages The number of COVID-19 related forbearance plans in effect with servicers continued to increase through the end of April according to a report released on Friday by Black Knight. Forbearance ... Correspondent Programs; Large and Small Investors Continue Program Shifts Freddie Mac Posts Q1 Gain Despite Pandemic Hit Latest Video Bank of America CEO: Stimulus impact will hit over the next few weeks Covid-19 is forcing mortgage and rent delays Market underestimating how weak economy will remain after reopening: Pro More News from 'Around the Web' CNBC - 4:05PM Gilead gets emergency FDA authorization for remdesivir to treat coronavirus, Trump says Reuters - 3:31PM Fed officials worry about lasting economic scars from crisis CNBC - 2:35PM Homeowners should grab this emergency lifeline before it dries up Reuters - 2:31PM Georgia businesses free to reopen as other U.S. states edge out of coronavirus shutdown Reuters - 1:04PM JPMorgan Chase approved to process $15 billion in new PPP loans Calculated Risk Blog - 12:38PM Q2 GDP Forecasts: Probably Around 30% Annual Rate Decline Reuters - 12:29PM World Stocks fall as Trump's China tariff threat dampens risk appetite eyeonhousing.org - 11:39AM Absorption Rate for Apartments Remained Stable in Q3 2019 CNBC - 10:10AM April's ISM manufacturing index is 41.5, vs 35 estimate CNBC - 9:21AM Coronavirus mortgage bailout program grows again as more homeowners delay payments CNBC - 9:21AM More big employers are talking about permanent work-from-home positions CNBC - 8:52AM Moderna could begin manufacturing unproven coronavirus vaccine in July, CEO says www.realtor.com - 8:25AM Despite the Coronavirus, Home Prices Are Still Rising—for Now CNBC - 8:15AM EU still working on coronavirus stimulus as economy shrinks at record rate CNBC - 8:06AM The market's comeback hinges on the economy reopening without any major setbacks Calculated Risk Blog - 8:03AM Black Knight: More than 3.8 Million Homeowners Now in COVID-19-Related Forbearance Plans Today's Rates Best Execution Rate Change 30 Yr FRM 3.19% +0.00 15 Yr FRM 3.01% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 4.40% -0.01 5/1 Yr ARM 4.02% +0.02 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 3.43% 0.34 -0.02 15 Yr. Fixed 2.98% 0.28 -0.05 30 Yr. Jumbo 3.72% 0.00 -0.09 30 Yr. FHA 0.00% 0.00 -3.33 5/1 ARM 0.00% 0.00 -3.29 Freddie Mac ** 30 Yr. Fixed 3.23% 0.70 -0.10 15 Yr. Fixed 2.77% 0.60 -0.09 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.14% 0.40 -0.14 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 3.0 105.52 -0.05 30YR UMBS 3.5 105.61 -0.06 30YR GNMA 3.0 106.53 +0.05 30YR GNMA 3.5 105.25 0.00 15YR FNMA 3.0 105.41 -0.08 15YR FNMA 2.5 104.47 -0.05 Treasuries Yield Change 2 YR 0.1978% -0.0036 5 YR 0.3529% -0.0126 10 YR 0.6181% -0.0275 30 YR 1.2531% -0.0397 Prices as of: 5/1/2020 5:05PM 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.