Mortgage rates moved slightly higher this week, but not enough to worry about too terribly much. Most lenders are still in the mid-to-low 3% range and there's not much fear about an abrupt move to significantly higher levels any time soon. Whether or not that makes the market complacent remains to be seen. Either way, rates just haven't moved much when it comes to the rates we can actually talk about. What do I mean by that? While we can talk about any rate for any program, there's only one way to compare changes in rates from day to day and year to year. To do that, we have to keep track of the best-case rates at multiple lenders. Fortunately, that's exactly what I do. Unfortunately, the landscape has been far more varied than normal as we step away from those top tier scenarios. The variation

May 7, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Are Still Low, But Let's Talk About Forbearances Mortgage rates moved slightly higher this week, but not enough to worry about too terribly much. Most lenders are still in the mid-to-low 3% range and there's not much fear about an abrupt move to significantly higher levels any time soon. Whether or... (read more) Rob Chrisman CRM, API, Broker, Marketing Products; Disaster Updates; Investor Changes Continue Plenty of people are clamoring to be released from captivity , and changes in staying sequestered or opening up has become political. The lending climate certainly continues to change. Reverse mortgage origination has plummeted , for example. “... (read more) MBS Commentary MBS Live Day Ahead: Resilience in Bonds Speaking to Supportive Bigger Picture Despite an improvement in COVID numbers, relative optimism in stocks, an ongoing glut of corporate bond issuance, and freshly reinforced realizations about the size of new Treasury issuance in Q2, the bond market has managed to more or less shrug of... (read more) Housing News FHFA Extends Emergency Loan Processing Changes The Federal Housing Finance Agency (FHFA) has extended several of the " flexibilities " it announced in March to assist mortgage originators in processing loans for Fannie Mae and Freddie Mac during shutdown associated with the COVID-19 emergency. Th... (read more) Housing News Agencies are Cutting Access to Mortgage Data for Low-Income Borrowers Two Urban Institute (UI) analysts have raised an alarm about changes to federal regulations that threaten to limit access to important data about the mortgage market and credit availability for low and moderate-income borrowers and communities. Most ... (read more) Housing News Purchase Volume on Three-Week Winning Streak Applications for purchase mortgages increased for the third straight week, keeping overall activity during the week ended May 1 virtually unchanged from the previous week. Refinancing, while drifting lower, still provided the largest share of the mar... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.04% -0.10% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.04% -0.10 0.00 15 Yr. Fixed 6.43% -0.02 0.00 30 Yr. FHA 6.42% -0.08 0.00 30 Yr. Jumbo 7.28% -0.02 0.00 7/6 SOFR ARM 6.98% -0.05 0.00 30 Yr. VA 6.43% -0.09 0.00 Updates Daily - Last Update: 12/20 15 Yr. Fixed Rate 6.43% -0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.12 0.00 15 Yr. Fixed 5.92% +0.08 0.00 Updates Weekly - Last Update: 12/19 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.74 -0.04 Price / Yield Change MBS UMBS 5.5 98.74 -0.04 UMBS 6.0 100.53 -0.01 GNMA 5.5 99.22 -0.04 GNMA 6.0 100.64 -0.02 Pricing as of: 12/23 8:13AM EST 10 Year US Treasury 4.5358 +0.0211 Price / Yield Change US Treasury 2 YR Treasury 4.321 +0.014 5 YR Treasury 4.387 +0.009 7 YR Treasury 4.464 +0.002 10 YR Treasury 4.535 +0.021 30 YR Treasury 4.731 +0.012 Pricing as of: 12/23 8:13AM EST Latest Video CBRE CEO on company earnings and the future office space It will take five years for the US to return to the economy of 2019: Harvar... Here are the states with the most jobless claims 3.169 million Americans filed new jobless claims in the last week of April Around the Web Reuters As U.S. states start to reopen, Fed official sees little sign of resurgence NAHB Eye on Housing Loan Officer Survey Highlights Gaps In Mortgage and Construction Loan Demand Calculated Risk Blog April Employment Preview CNBC Consumer confidence in housing falls to lowest level since the subprime crash Calculated Risk Blog Hotels: Occupancy Rate Declined 58.5% Year-over-year, Slight Increase Week-over-week NAHB Eye on Housing Housing Affordability Down Due to Economic Losses Stemming from COVID-19 Pandemic CNBC US plans to make 'millions' of 'easy-to-use' coronavirus tests by end of summer, top US health official says Calculated Risk Blog Seattle Real Estate in April: Sales down 25% YoY, Inventory down 31% YoY CNBC So much money, so little oversight: Coronavirus bailout cash is a big target for fraud NPR 3.2 Million More Are Out Of Work As Jobless Claims Keep Piling Up NAR - Realtor.com Home-Loan Applications Ticked Up for a Third Week. There's Pent-Up Demand.' Reuters BoE waiting to see how much lockdown lifted before QE decision: Bailey CNBC This is the jobs number that will show how fast the labor market can heal

© 2024  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.