Daily Newsletter: Mortgage Rates Officially at New 3 Year Lows; Homeownership Barely Budging

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30 Year Fixed 3.47% -0.02 15 Year Fixed 3.13% -0.01 10YR Treasury 1.51% -0.0771 FNMA 30YR 3.5 103.22 +0.08 FNMA 15YR 2.5 102.98 +0.14 View Today’s Rates

Friday January 31, 2020 Mortgage Rate Watch – 5:38PM Mortgage Rates Officially at New 3 Year Lows Mortgage rates inched even lower today as the market resumed efforts to react to and account for risks surrounding the coronavirus outbreak. Weaker economic data also played a part … MND NewsWire – 6:43PM Homeownership Rate Still Barely Budging The homeownership rate seems stubbornly stuck only a few percentage points from where it bottomed out in the second quarter of 2016. The U.S. Census Bureau said the national rate in … MBS Commentary – 6:07PM MBS RECAP: Bonds Forge New Lows After Yesterday’s False Alarm When the World Health Organization declared coronavirus an international health emergency yesterday, there were two schools of thought. At first glance, it should have been good for … MBS Day Ahead: False Alarm, But Still on Guard Marketing, Broker, Pricing Products; Rates, the Fed and the Coronavirus Latest Video Britain to formally withdraw from the EU Mortgage rates around 3% will get buyers out: Economist Pimco On Coronavirus: Markets were looking for excuse to sell off More News from ‘Around the Web’ http://www.npr.org – 4:52PM Trump Declares Coronavirus A Public Health Emergency And Restricts Travel From China CNBC – 4:14PM What the FICO credit score changes mean for first-time homebuyers Reuters – 2:20PM Major U.S. airlines cancel China flights as government takes action Calculated Risk Blog – 11:57AM Q1 GDP Forecasts: 1.0% to 2.7% CNBC – 11:23AM Fed Chairman Powell thought it was ‘terrific’ that a senator defended him against Trump Reuters – 10:53AM Germany wants to conclude Brexit talks by year’s end: minister CNBC – 10:41AM How to buy a house despite student debt Calculated Risk Blog – 9:51AM Q4 2019 GDP Details on Residential and Commercial Real Estate CNBC – 9:17AM More than 9 million homeowners could save big money on a mortgage refinance as rates hit lowest point since 2016 Reuters – 9:08AM U.S. consumer spending rises steadily; income tepid eyeonhousing.org – 8:36AM Interest Rates Can Also Price Households Out of the Market CNBC – 8:03AM US Treasury yields rise after briefly sending a recession signal Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.47% -0.02 15 Yr FRM 3.13% -0.01 FHA 30 Year Fixed 3.33% +0.00 Jumbo 30 Year Fixed 3.61% -0.01 5/1 Yr ARM 3.37% -0.01 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 3.81% 0.28 -0.06 15 Yr. Fixed 3.24% 0.22 -0.01 30 Yr. Jumbo 3.78% 0.20 -0.09 30 Yr. FHA 3.82% 0.27 -0.05 5/1 ARM 3.15% 0.12 -0.14 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.51% 0.70 -0.09 15 Yr. Fixed 3.00% 0.70 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.24% 0.30 -0.04 Secondary Markets MBS Price Change 30YR FNMA 3.0 102.23 +0.14 30YR FNMA 3.5 103.22 +0.08 30YR GNMA 3.0 102.81 +0.14 30YR GNMA 3.5 103.91 +0.08 15YR FNMA 3.0 102.98 +0.14 15YR FNMA 2.5 101.73 +0.17 Treasuries Yield Change 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 2 YR 1.3191% -0.0956 5 YR 1.3150% -0.0941 10 YR 1.5051% -0.0771 30 YR 1.9970% -0.0509 Prices as of: 1/31/2020 5:06PM EST

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

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Homeownership Rate Still Barely Budging

Posted to: MND NewsWire
Thursday, January 30, 2020 12:51 PM

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The homeownership rate seems stubbornly stuck only a few percentage points from where it bottomed out in the second quarter of 2016. The U.S. Census Bureau said the national rate in the fourth quarter of 2019 was 65.1 percent compared to 64.8 percent in both the prior quarter and the fourth quarter of 2018. The rate declined from a high of 69.0 percent in the third quarter of 2006 until reaching a low of 62.9 percent almost four years ago.

The homeownership rate among the youngest Americans, those under the age of 35, increased by 1.1-point year-over-year to 37.6 percent. The rate gained a fraction of a point among all other age groups except those 35 to 44 years of age. Their rate declined from 61.1 percent in the fourth quarter of 2018 to 60.4 percent.

(READ THE FULL POST)

More from MND:

• MBS Commentary: MBS RECAP: Bonds Forge New Lows After Yesterday’s False Alarm
• Mortgage Rate Watch: Mortgage Rates Officially at New 3 Year Lows
• MBS Commentary: MBS Day Ahead: False Alarm, But Still on Guard
• Pipeline Press: Marketing, Broker, Pricing Products; Rates, the Fed and the Coronavirus
• Mortgage Rate Watch: Mortgage Rates Basically at Best Levels Since 2016

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Daily Rate Update: Mortgage Rates Officially at New 3 Year Lows

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30 Year Fixed 3.47% -0.02 15 Year Fixed 3.13% -0.01 10YR Treasury 1.51% -0.0771 FNMA 30YR 3.5 103.22 +0.08 FNMA 15YR 2.5 102.98 +0.14 View Today’s Rates

Mortgage Rates Officially at New 3 Year Lows January 31, 2020 Mortgage rates inched even lower today as the market resumed efforts to react to and account for risks surrounding the coronavirus outbreak. Weaker economic data also played a part. That said, it’s good to remember that the market’s coronavirus reaction is all about the global economy in the first place. A massive epidemic is assumed to take a toll on the economy and slower economic growth helps rates and hurts stocks. Today was somewhat special because the average conventional 30yr fixed mortgage rate officially hit the lowest levels since the middle of 2016. This was more a factor of how low they already were yesterday. While today’s bond market improvement was fairly substantial it didn’t translate to a huge change from most mortgage lenders. Loan Originator Perspective Bond markets recouped yesterday afternoon’s small losses, then posted significant gains Friday as economic data and Wuhan virus concerns continued to inform markets. The temptation here is to float away, hoping rates will just keep falling. The reality is that, at some point, these gains will evaporate, and when they do, it may be sudden. I’m locking all February closings, looking at March on a case by case basis. – Ted Rood, Senior Originator The Coronavirus continues to dominate the headlines and are helping rates improve. MBS are lagging the improvement seen in the 10 year treasury note. The longer the 10yr can hold or improve, the more likely MBS will have to follow. Since its a green Friday and i don’t think the Coronavirus will go away over the weekend, i feel its worth the risk to float. –Victor Burek, Churchill Mortgage Today’s Most Prevalent Rates For Top Tier Scenarios 30YR FIXED – 3.375-3.5% FHA/VA – 3.25 – 3.5% 15 YEAR FIXED – 3.125-3.25% 5 YEAR ARMS – 3.25-3.75% depending on the lender Ongoing Lock/Float Considerations 2019 was the best year for mortgage rates since 2011. Big, long-lasting improvements such as this one are increasingly susceptible to bounces/corrections Fed policy and the US/China trade war have been key players (and more recently, the coronavirus outbreak). Major updates on either front could cause a volatile reaction in rates. The Fed and the bond market (which dictates rates) will be watching economic data closely, both at home and abroad, as well as updates on other factors like trade and viral epidemics. The stronger the data the more rates could rise, while weaker data will lead to new long-term lows. Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders. The rates generally assume little-to-no origination or discount except as noted when applicable. Rates appearing on this page are “effective rates” that take day-to-day changes in upfront costs into consideration. 30 Year Fixed Rate Mortgage 15 Year Fixed Rate Mortgage Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.47% -0.02 15 Yr FRM 3.13% -0.01 FHA 30 Year Fixed 3.33% +0.00 Jumbo 30 Year Fixed 3.61% -0.01 5/1 Yr ARM 3.37% -0.01 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 3.81% 0.28 -0.06 15 Yr. Fixed 3.24% 0.22 -0.01 30 Yr. Jumbo 3.78% 0.20 -0.09 30 Yr. FHA 3.82% 0.27 -0.05 5/1 ARM 3.15% 0.12 -0.14 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.51% 0.70 -0.09 15 Yr. Fixed 3.00% 0.70 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.24% 0.30 -0.04 Secondary Markets MBS Price Change 30YR FNMA 3.0 102.23 +0.14 30YR FNMA 3.5 103.22 +0.08 30YR GNMA 3.0 102.81 +0.14 30YR GNMA 3.5 103.91 +0.08 15YR FNMA 3.0 102.98 +0.14 15YR FNMA 2.5 101.73 +0.17 Treasuries Yield Change 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 2 YR 1.3191% -0.0956 5 YR 1.3150% -0.0941 10 YR 1.5051% -0.0771 30 YR 1.9970% -0.0509 Prices as of: 1/31/2020 5:06PM EST

About This Report Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.

© 2020 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

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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 presented in this report are averages and are subject to change without notice. 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.

MBS RECAP: Bonds Forge New Lows After Yesterday’s False Alarm

Before you read it here, it was on MBS Live.

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Posted to: MBS Commentary
Friday, January 31, 2020 6:07 PM

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When the World Health Organization declared coronavirus an international health emergency yesterday, there were two schools of thought. At first glance, it should have been good for the bond market as the announcement seemed to indicate things were getting worse. But bonds fairly quickly began moving in a counterintuitive direction. The only explanation at the time was that the declaration paved the way for the international community to more effectively combat the disease. The only other explanation was that traders were using that news as cover to get early…

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More from MND:

• Mortgage Rate Watch: Mortgage Rates Officially at New 3 Year Lows
• MBS Commentary: MBS Day Ahead: False Alarm, But Still on Guard
• Pipeline Press: Marketing, Broker, Pricing Products; Rates, the Fed and the Coronavirus
• Mortgage Rate Watch: Mortgage Rates Basically at Best Levels Since 2016
• MND NewsWire: FHA Loans Becoming More Popular as Market Recovers

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MBS Day Ahead: False Alarm, But Still on Guard

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Posted to: MBS Commentary
Friday, January 31, 2020 9:12 AM

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Yesterday offered up a fairly intense trading session for the bond market. Yields moved to the lowest levels in months with 10yr Treasuries hitting 1.534 in the afternoon. Shortly thereafter, the World Health Organization (WHO) officially declared coronavirus to be an international public health emergency. While that sounds like it might be good for bonds, the reaction was quite the opposite.

The WHO’s announcement helped stocks and hurt bonds because it paves the way for a more robust international response to the crisis. A more robust response would…

(READ THE FULL POST)

More from MND:

• Pipeline Press: Marketing, Broker, Pricing Products; Rates, the Fed and the Coronavirus
• Mortgage Rate Watch: Mortgage Rates Basically at Best Levels Since 2016
• MND NewsWire: FHA Loans Becoming More Popular as Market Recovers
• MBS Commentary: How Low Can We Go?
• Pipeline Press: Audit, AMC, Underwriting, and DPA Tools; Primer on Prepayments and EPOs

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Marketing, Broker, Pricing Products; Rates, the Fed and the Coronavirus

Posted to: Pipeline Press
Friday, January 31, 2020 8:16 AM

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Interesting times. Our CFPB has a new Chief Experience Officer. United Wholesale has an ad in the Super Bowl, recommending brokers to consumers. Experian also has an ad, and Quicken Loans is a sponsor. Early estimates have $2.4 trillion in home loans funding last year, the most since 2006, pre-CFPB, pre-ATR. In other statistical news, so far, experts are comparing the flu and the coronavirus. 8,200 people have died and 140,000 people have been hospitalized in the United States during the 2019-2020 flu season, according to preliminary estimates from the CDC. In China, the number of confirmed coronavirus cases in China approached 8,000 with total deaths reaching 132. Certainly it is not a laughing matter, and the escalating outbreak has grabbed headlines and caught the market’s attention. Lots more below, including a comparison of SARS and the coronavirus.

(READ THE FULL POST)

More from MND:

• Mortgage Rate Watch: Mortgage Rates Basically at Best Levels Since 2016
• MND NewsWire: FHA Loans Becoming More Popular as Market Recovers
• MBS Commentary: How Low Can We Go?
• Pipeline Press: Audit, AMC, Underwriting, and DPA Tools; Primer on Prepayments and EPOs
• MND NewsWire: 2019 Was a Great Year to Sell Your Home

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Daily Newsletter: Mortgage Rates Basically at Best Levels Since 2016; How Low Can We Go?

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30 Year Fixed 3.49% -0.05 15 Year Fixed 3.14% -0.05 10YR Treasury 1.59% +0.0153 FNMA 30YR 3.5 103.14 +0.02 FNMA 15YR 2.5 102.84 +0.02 View Today’s Rates

Thursday January 30, 2020 Mortgage Rate Watch – 3:11PM Mortgage Rates Basically at Best Levels Since 2016 Mortgage rates improved again today as the market continued to react to updates on the coronavirus outbreak. For top tier scenarios, the average lender is now offering rates not seen … MBS Commentary – 10:35AM How Low Can We Go? With the Fed out of the way, coronavirus cases still growing rapidly, and no major correction seen in the bond market, the question on everyone’s minds is: how low can we go? While … MND NewsWire – 8:51AM 2019 Was a Great Year to Sell Your Home Homeownership is apparently still one of the best ways to build wealth. The Year-End Home Sales Report from ATTOM Data Solutions shows that the typical homeowner who sold a home in … FHA Loans Becoming More Popular as Market Recovers Audit, AMC, Underwriting, and DPA Tools; Primer on Prepayments and EPOs Latest Video Coronavirus declared public health emergency by World Health Organization First US case of human-to-human coronavirus transmission: CDC Wells Fargo chief economist says he expects subpar GDP growth in 2020 More News from ‘Around the Web’ http://www.npr.org – 3:35PM FICO Is About To Change Credit Scores. Should You Worry? CNBC – 3:03PM WHO declares China coronavirus that’s killed 171 a global health emergency eyeonhousing.org – 2:23PM Homeownership Rate Reaches Six-Year High Reuters – 1:09PM Stocks, oil tumble on fears virus to hurt China’s economy CNBC – 11:38AM Economic growth looks even weaker this quarter, with virus now a wild card Calculated Risk Blog – 10:26AM HVS: Q4 2019 Homeownership and Vacancy Rates Calculated Risk Blog – 9:13AM Weekly Initial Unemployment Claims Decrease to 216,000 CNBC – 8:36AM US GDP rose 2.1% in the fourth quarter, as expected Reuters – 8:09AM What’s next for the Federal Reserve’s balance sheet? Calculated Risk Blog – 8:08AM Zillow Case-Shiller Forecast: House Price Gains "Primed for an Upswing" Reuters – 8:03AM Coronavirus outbreak poses risk to U.S. Fed’s economic outlook Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.49% -0.05 15 Yr FRM 3.14% -0.05 FHA 30 Year Fixed 3.33% +0.01 Jumbo 30 Year Fixed 3.62% -0.02 5/1 Yr ARM 3.38% +0.01 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 3.81% 0.28 -0.06 15 Yr. Fixed 3.24% 0.22 -0.01 30 Yr. Jumbo 3.78% 0.20 -0.09 30 Yr. FHA 3.82% 0.27 -0.05 5/1 ARM 3.15% 0.12 -0.14 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.51% 0.70 -0.09 15 Yr. Fixed 3.00% 0.70 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.24% 0.30 -0.04 Secondary Markets MBS Price Change 30YR FNMA 3.0 102.09 -0.02 30YR FNMA 3.5 103.14 +0.02 30YR GNMA 3.0 102.67 -0.11 30YR GNMA 3.5 103.83 -0.03 15YR FNMA 3.0 102.84 +0.02 15YR FNMA 2.5 101.56 +0.03 Treasuries Yield Change 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 2 YR 1.4147% +0.0019 5 YR 1.4091% +0.0049 10 YR 1.5907% +0.0153 30 YR 2.0573% +0.0235 Prices as of: 1/30/2020 5:06PM EST

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

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Daily Rate Update: Mortgage Rates Basically at Best Levels Since 2016

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30 Year Fixed 3.49% -0.05 15 Year Fixed 3.14% -0.05 10YR Treasury 1.59% +0.0153 FNMA 30YR 3.5 103.14 +0.02 FNMA 15YR 2.5 102.84 +0.02 View Today’s Rates

Mortgage Rates Basically at Best Levels Since 2016 January 30, 2020 Mortgage rates improved again today as the market continued to react to updates on the coronavirus outbreak. For top tier scenarios, the average lender is now offering rates not seen since 2016, with the slight exception of a few hours during the beginning of September 2019. Even then, today’s rates at least match Sept 2019’s rates on average. In other words, today is tied for the lowest levels in more than 3 years. To reiterate yesterday’s message: the persistent availability of such low rates depends on a few factors. The biggest among those at the moment is the evolution of the coronavirus outbreak. It’s definitely been responsible for the quick bump toward this week’s low levels, but the trade-off is that rates should experience quick upward pressure as soon as epidemiologists can confirm light at the end of the tunnel. There’s some risk that we’re already seeing the first potential turning point this afternoon as the World Health Organization officially declared coronavirus to be a public health emergency. That sounds like a bad thing, but it actually signals an intensification of efforts and resources to contain the virus. The market reacted accordingly with bonds weakening (weaker bonds imply upward pressure on rates). Fortunately, the weakness hasn’t spilled over from US Treasuries to mortgage rates yet, but that may not be the case tomorrow. At the very least, risks of a bounce are elevated relative to where they have been so far this week. Loan Originator Perspective Bond yields neared last September’s multi-year lows today, as Wuhan virus concerns continued to inform trading. My pricing is best it’s been since September, and I took the opportunity to lock several loans. We “may” improve from here, but feels like we’ve seen the bulk of any imminent improvement. Risk averse clients should look hard at locking, if within 45 days of closing. – Ted Rood, Senior Originator Today’s Most Prevalent Rates For Top Tier Scenarios 30YR FIXED – 3.5 -3.625% FHA/VA – 3.25 – 3.75% 15 YEAR FIXED – 3.25 – 3.375% 5 YEAR ARMS – 3.25-3.75% depending on the lender Ongoing Lock/Float Considerations 2019 was the best year for mortgage rates since 2011. Big, long-lasting improvements such as this one are increasingly susceptible to bounces/corrections Fed policy and the US/China trade war have been key players. Major updates on either front could cause a volatile reaction in rates. The Fed and the bond market (which dictates rates) will be watching economic data closely, both at home and abroad, as well as trade war updates. The stronger the data and trade relations, the more rates could rise, while weaker data and trade wars will lead to new long-term lows. In addition to the economic data and the trade war, other factors can certainly emerge and cause rate volatility for better or worse (Wuhan Virus, for example) Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders. The rates generally assume little-to-no origination or discount except as noted when applicable. Rates appearing on this page are “effective rates” that take day-to-day changes in upfront costs into consideration. 30 Year Fixed Rate Mortgage 15 Year Fixed Rate Mortgage Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.49% -0.05 15 Yr FRM 3.14% -0.05 FHA 30 Year Fixed 3.33% +0.01 Jumbo 30 Year Fixed 3.62% -0.02 5/1 Yr ARM 3.38% +0.01 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 3.81% 0.28 -0.06 15 Yr. Fixed 3.24% 0.22 -0.01 30 Yr. Jumbo 3.78% 0.20 -0.09 30 Yr. FHA 3.82% 0.27 -0.05 5/1 ARM 3.15% 0.12 -0.14 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.51% 0.70 -0.09 15 Yr. Fixed 3.00% 0.70 -0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.24% 0.30 -0.04 Secondary Markets MBS Price Change 30YR FNMA 3.0 102.09 -0.02 30YR FNMA 3.5 103.14 +0.02 30YR GNMA 3.0 102.67 -0.11 30YR GNMA 3.5 103.83 -0.03 15YR FNMA 3.0 102.84 +0.02 15YR FNMA 2.5 101.56 +0.03 Treasuries Yield Change 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 2 YR 1.4147% +0.0019 5 YR 1.4091% +0.0049 10 YR 1.5907% +0.0153 30 YR 2.0573% +0.0235 Prices as of: 1/30/2020 5:06PM EST

About This Report Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.

© 2020 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

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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 presented in this report are averages and are subject to change without notice. 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.

FHA Loans Becoming More Popular as Market Recovers

Posted to: MND NewsWire
Thursday, January 30, 2020 11:45 AM

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In the throes of the housing crisis, it sometimes seemed as though FHA was the only way to finance a home purchase, especially for those with less than stellar credit or unable to come up with a large downpayment. The government sponsored insurance program has always been, quite intentionally, a countercyclical lender and when money was flowing freely during the housing boom, FHA lending shrunk to near nothing. Subprime lenders took over its market share, offering lower underwriting standards and teaser interest rates. In 2006, FHA loans had only a 4.5 percent share of the purchase finance market.

(READ THE FULL POST)

More from MND:

• MBS Commentary: How Low Can We Go?
• Pipeline Press: Audit, AMC, Underwriting, and DPA Tools; Primer on Prepayments and EPOs
• MND NewsWire: 2019 Was a Great Year to Sell Your Home
• MBS Commentary: MBS RECAP: Powell Does No Harm (to Bonds)
• Mortgage Rate Watch: Lowest Rates Since September 2019 (Almost 2016)

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How Low Can We Go?

Before you read it here, it was on MBS Live.

28-Day Free Trial

Posted to: MBS Commentary
Thursday, January 30, 2020 10:35 AM

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With the Fed out of the way, coronavirus cases still growing rapidly, and no major correction seen in the bond market, the question on everyone’s minds is: how low can we go?

While the answer may not depend entirely on the evolution of the coronavirus news, that’s definitely the biggest and most reliable source of bond market motivation at the moment. In other words, the answer ALMOST entirely depends on coronavirus.

In that regard, we’ve seen bonds begin to slow their roll compared to the initial, panicked move that began the week. Overnight low yields of …

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