Daily Newsletter: Rates Fall But Going Gets Tough; Pending Home Sales Say "Housing's Back"

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

30 Year Fixed 2.89%   -0.03 15 Year Fixed 2.50%   -0.03 10YR Treasury 0.58%   -0.0033 FNMA 30YR 3.5 105.41   +0.05 FNMA 15YR 2.5 104.88   +0.03 View Today's Rates

Wednesday July 29, 2020 MBS Commentary - 4:34PM MBS RECAP: Bonds Break Key Levels After Fed Bonds Break Key Levels After Fed Both MBS and Treasuries were right on the edge of their recent ranges heading into Fed day. MBS broke their range right out of the gate while Treasuries ... Mortgage Rate Watch - 4:34PM Mortgage Rates Fall Nicely, But The Going Gets Tougher From Here Mortgage rates improved nicely overnight. The average lender's morning rates were very close to the lowest levels ever . This was a distinct possibility based on yesterday afternoon ... MND NewsWire - 10:59AM Pending Home Sales Continue Remarkable Rebound Pending home sales soared again in June, although the liftoff was relatively shallow compared to the 43 percent increase in May. The National Association of Realtors'® (NAR's) Pending ... MND NewsWire - 9:22AM Freddie Mac's Volume Increased in June, Delinquencies Skyrocketed Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 14.2 percent in June compared to a 5.5 percent gain in May. The portfolio balance ... Differences Between Previous and Current FOMC Statements Underwriting, Subservicing, AVM, Pricing Tools; Conforming Conventional Updates MBS Day Ahead: Fed Day. Will It Matter? Mortgage Apps Pull Back for the First Time in a Month Latest Video We're not even thinking about raising rates, says Fed chair Jerome Powell Federal Reserve says it will keep interest rates near zero until economy picks up How the economy could be impacted if coronavirus stimulus is delayed More News from 'Around the Web' CNBC - 2:12PM Fed holds rates steady, says economic growth is 'well below' pre-pandemic level CNBC - 1:13PM Mnuchin says Republicans and Democrats are 'far apart' on coronavirus relief bill as talks continue CNBC - 1:13PM 'We're running out of homes for sale,' Lake Tahoe brokers say as tech workers flee Bay Area Calculated Risk Blog - 11:26AM Census: Household Pulse Survey shows 26.5% Missed or Expect to Miss Rent or Mortgage Payment CNBC - 10:17AM Pending home sales surge for the second consecutive month as the Realtors raise their forecast for 2020 CNBC - 9:37AM GOP senator urges Congress to pass unemployment benefit replacement by Friday CNBC - 8:45AM Make over $55,000? Unemployment benefits may replace less than 70% of your wages under HEALS Act CNBC - 8:05AM Powell is expected to say the Fed will keep doing whatever it can while it considers its next move CNBC - 8:05AM Treasury yields edge higher ahead of Fed interest rate decision Today's Rates Best Execution Rate Change 30 Yr FRM 2.89% -0.03 15 Yr FRM 2.50% -0.03 FHA 30 Year Fixed 2.38% +0.00 Jumbo 30 Year Fixed 3.75% +0.00 5/1 Yr ARM 2.75% +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 3.20% 0.37 +0.00 15 Yr. Fixed 2.76% 0.36 +0.05 30 Yr. Jumbo 3.52% 0.30 +0.01 30 Yr. FHA 3.27% 0.35 +0.14 5/1 ARM 3.08% 0.11 +0.19 Freddie Mac ** 30 Yr. Fixed 3.01% 0.80 +0.03 15 Yr. Fixed 2.54% 0.70 +0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.09% 0.30 +0.03 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 3.0 105.64 +0.14 30YR UMBS 3.5 105.41 +0.05 30YR GNMA 3.0 105.30 +0.16 30YR GNMA 3.5 104.92 +0.33 15YR UMBS 3.0 104.88 +0.03 15YR UMBS 2.5 104.78 +0.06 Treasuries Yield Change 2 YR 0.1328% -0.0098 5 YR 0.2531% -0.0126 10 YR 0.5757% -0.0033 30 YR 1.2387% +0.0213 Prices as of: 7/29/2020 4:55PM 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: Q2 Homeownership Hits 12-Year High; Home Prices Stall; Rates Mixed

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

30 Year Fixed 2.92%   +0.00 15 Year Fixed 2.53%   +0.00 10YR Treasury 0.58%   -0.0361 FNMA 30YR 3.5 105.36   +0.11 FNMA 15YR 2.5 104.84   +0.02 View Today's Rates

Tuesday July 28, 2020 MND NewsWire - 11:53AM Q2 Homeownership Hits 12-Year High The U.S. homeownership rate moved significantly higher in the second quarter of 2020, reaching the highest level since the third quarter of 2008 at a rate of 67.9 percent. The U.S. ... MND NewsWire - 11:48AM May Home Prices Unexpectedly Stall Home prices increases slowed slightly in May on both a month-over-month and an annual basis according to the S&P CoreLogic Case-Shiller Indices. The U.S. National Home Price Index ... Mortgage Rate Watch - 5:05PM Mortgage Rates Mixed, Depending on Lender Mortgage rates did something over the past 3 days that they haven't done since early June . They moved sideways to slightly higher ! At the same time, interest rates in the broader ... MBS RECAP: Nice Recovery But Resistance Remains Sales, Workflow, Customer Service Tools; Black Knight to Acquire OB for $1.8bn MBS Day Ahead: Last Day Before Bigger Events. Bonds Hinting at a Bounce (Or Not) Latest Video CNBC Survey: 85 percent say unemployment rate has already peaked U.S. consumer confidence for July misses expectations Here's what's in the GOP coronavirus stimulus proposal More News from 'Around the Web' www.realtor.com - 3:01PM The Surprising Reason Why the Homeownership Rate Surged in the Middle of a Pandemic CNBC - 3:01PM Senate HEALS Act does not extend federal eviction moratorium—here's what to know Calculated Risk Blog - 10:44AM HVS: Q2 2020 Homeownership and Vacancy Rates Calculated Risk Blog - 10:21AM Richmond Fed: "Manufacturing in the Fifth District showed signs of recovery in July" Calculated Risk Blog - 9:26AM Case-Shiller: National House Price Index increased 4.5% year-over-year in May www.redfin.com - 8:46AM 20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year www.realtor.com - 8:07AM Millions of Americans Could Soon Become Homeless as Protections Expire CNBC - 8:07AM U.S. Treasury yields higher ahead of Fed meeting Today's Rates Best Execution Rate Change 30 Yr FRM 2.92% +0.00 15 Yr FRM 2.53% +0.00 FHA 30 Year Fixed 2.38% +0.00 Jumbo 30 Year Fixed 3.75% +0.00 5/1 Yr ARM 2.75% +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 3.20% 0.35 +0.01 15 Yr. Fixed 2.71% 0.35 +0.01 30 Yr. Jumbo 3.51% 0.29 -0.02 30 Yr. FHA 3.13% 0.29 -0.11 5/1 ARM 2.89% 0.12 -0.11 Freddie Mac ** 30 Yr. Fixed 3.01% 0.80 +0.03 15 Yr. Fixed 2.54% 0.70 +0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.09% 0.30 +0.03 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 3.0 105.50 +0.17 30YR UMBS 3.5 105.36 +0.11 30YR GNMA 3.0 105.14 +0.05 30YR GNMA 3.5 104.59 -0.20 15YR UMBS 3.0 104.84 +0.02 15YR UMBS 2.5 104.72 +0.14 Treasuries Yield Change 2 YR 0.1426% -0.0109 5 YR 0.2657% -0.0211 10 YR 0.5790% -0.0361 30 YR 1.2174% -0.0414 Prices as of: 7/28/2020 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.

Daily Newsletter: Housing Affordability is Still a Challenge, but Improving; Rates Sending a Warning

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

30 Year Fixed 2.92%   +0.03 15 Year Fixed 2.53%   -0.01 10YR Treasury 0.62%   +0.0279 FNMA 30YR 3.5 105.25   +0.03 FNMA 15YR 2.5 104.83   +0.02 View Today's Rates

Monday July 27, 2020 MND NewsWire - 11:39AM Housing Affordability is Still a Challenge, but Improving The National Association of Home Builders' (NAHB') Housing Trends Report for the second quarter of 2020 found slightly less than a quarter of prospective home buyers could afford a ... Mortgage Rate Watch - 4:58PM Mortgage Rates Edge Slightly Higher Again Mortgage rates have been falling so much and with such regularity in 2020 that there's scarcely been a reason (or even an opportunity) to talk about anything else. Now suddenly, we ... MBS Commentary - 3:26PM MBS RECAP: Bonds Beginning The Week on The Defensive Bonds Beginning The Week on The Defensive After weeks of gradual strength in bonds, this week begins with rates under modest pressure. The rest of the week brings several other potential ... Ops, LO Jobs; Sales Webinar; World News Driving Rates, Primer on the Belly of the Yield Curve MBS Week Ahead: Fed, Q2 GDP, And More Latest Video WaPo: Senate GOP to propose cutting jobless benefit to $200 a week Moderna CEO Stephane Bancel on kick off of phase three Covid-19 vaccine trial Fmr. Fed Governor: "I'm troubled by the 30 million unemployed...economic situation is not moving in a good direction" More News from 'Around the Web' Calculated Risk Blog - 4:57PM Freddie Mac: Mortgage Serious Delinquency Rate increased sharply in June, Highest in 7 Years Calculated Risk Blog - 4:57PM MBA Survey: "Share of Mortgage Loans in Forbearance Decreases for Sixth Straight Week to 7.74%" of Portfolio Volume CNBC - 3:19PM Coronavirus outbreak show signs of slowing in Arizona, Texas and Florida www.realtor.com - 2:01PM Jumbo Mortgage Rates Are No Longer the Cheapest Mortgages Around Calculated Risk Blog - 1:04PM Where to Look for Initial Economic Damage if Disaster Relief is Inadequate Calculated Risk Blog - 10:50AM Dallas Fed: "Texas Manufacturing Recovery Continues" in July eyeonhousing.org - 10:27AM Affordability Expectations Show Slight Improvement CNBC - 9:25AM Moderna shares soar after U.S. ups funding for coronavirus vaccine by $472 million Calculated Risk Blog - 8:32AM High Frequency Indicators for the Economy CNBC - 8:08AM U.S. Treasury prices move higher amid concerns over coronavirus infections, geopolital tension Today's Rates Best Execution Rate Change 30 Yr FRM 2.92% +0.03 15 Yr FRM 2.53% -0.01 FHA 30 Year Fixed 2.38% +0.00 Jumbo 30 Year Fixed 3.75% -0.05 5/1 Yr ARM 2.75% +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 3.26% 0.35 -0.03 15 Yr. Fixed 2.77% 0.32 -0.04 30 Yr. Jumbo 3.52% 0.36 -0.07 30 Yr. FHA 3.31% 0.24 -0.12 5/1 ARM 2.98% 0.10 -0.06 Freddie Mac ** 30 Yr. Fixed 3.01% 0.80 +0.03 15 Yr. Fixed 2.54% 0.70 +0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.09% 0.30 +0.03 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 3.0 105.33 +0.06 30YR UMBS 3.5 105.25 +0.03 30YR GNMA 3.0 105.09 -0.13 30YR GNMA 3.5 104.80 -0.09 15YR UMBS 3.0 104.83 +0.02 15YR UMBS 2.5 104.58 -0.09 Treasuries Yield Change 2 YR 0.1535% +0.0041 5 YR 0.2868% +0.0128 10 YR 0.6151% +0.0279 30 YR 1.2588% +0.0327 Prices as of: 7/27/2020 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.