2018's Housing Slump Now Fully Erased; Fannie Upbeat on Construction; Think The Fed Cut Mortgage Rates?

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30 Year Fixed

                                                                3.77%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.45%
                                                                  
                                                                -0.03

10YR Treasury

                                                                1.79%
                                                                  
                                                                -0.0122

FNMA 30YR 3.5

                                                                102.31
                                                                  
                                                                -0.02

FNMA 15YR 2.5

                                                                101.92
                                                                  
                                                                +0.02

View Today's Rates

Thursday September 19, 2019

Mortgage Rate Watch - 4:23PM

Think The Fed Cut Mortgage Rates? Think Again

Here is exactly what yesterday's Fed rate cut did to mortgage rates: ABSOLUTELY NOTHING! No Fed rate cut (or hike) will EVER do ANYTHING directly to mortgage rates because the Fed doesn ...

MND NewsWire - 11:17AM

2018's Home Sales Slump Now Fully Erased

While the increase wasn't as strong as in July, last month's existing home sales posted a second straight month of gains and, as previously, the National Association of Realtors® ...

MND NewsWire - 8:38AM

Fannie Mae Turns Bullish on Construction, Best Levels Since May

Fannie Mae says consumer spending will continue to support the economy. The company's Economic Summary for September cites increases in auto and retail sales, real disposable personal ...

Latest Video

The Fed came across as less dovish than the market hoped: Wells Fargo's Michael Schumacher

Existing home sales at their fastest pace since March 2018

Fed conducts repo operation for a third day

More News from 'Around the Web'

Reuters - 4:01PM
U.S. House approves short-term funding measure
www.consumerfinancemonitor.com - 2:24PM
New plot twist: CFPB agrees its structure is unconstitutional
Calculated Risk Blog - 12:41PM
Comments on August Existing Home Sales
CNBC - 11:43AM
Home flippers see lowest returns in 8 years as costs rise
CNBC - 11:05AM
Fed calms overnight funding market, unclear how long it will continue special operations
Calculated Risk Blog - 10:05AM
Philly Fed Manufacturing shows Continued Expansion in September, At Slower Pace
www.realtor.com - 9:16AM
Attention Bargain Hunters: The Best Time of the Year to Buy a Home Is
CNBC - 8:41AM
US weekly jobless claims rise less than expected
Bloomberg - 8:03AM
Bond Traders Are Still Leaning Toward Another 2019 Fed Rate Cut
CNBC - 8:02AM
Housing starts just hit 12-year high, but sector may be getting 'ahead of itself,' says strategist

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.77%

-0.03

15 Yr FRM

3.45%

-0.03

FHA 30 Year Fixed

3.43%

-0.02

Jumbo 30 Year Fixed

3.80%

-0.05

5/1 Yr ARM

3.45%

-0.05

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.79%

1.21

-0.12

30 Yr. Fixed

4.39%

1.12

-0.22

MBA **

30 Yr. Fixed

4.12%

0.38

+0.08

15 Yr. Fixed

3.48%

0.32

+0.06

30 Yr. Jumbo

4.07%

0.21

+0.04

30 Yr. FHA

4.01%

0.28

+0.04

5/1 ARM

3.58%

0.27

+0.02

Freddie Mac **

30 Yr. Fixed

3.73%

0.50

+0.17

15 Yr. Fixed

3.21%

0.50

+0.12

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.49%

0.40

+0.13

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 FNMA 3.0

101.02

-0.03

30YR FNMA 3.5

102.31

-0.02

30YR GNMA 3.0

102.33

+0.02

30YR GNMA 3.5

103.56

+0.03

15YR FNMA 3.0

101.92

+0.02

15YR FNMA 2.5

100.48

+0.03

Treasuries

Yield

Change

2 YR

1.7439%

-0.0202

5 YR

1.6630%

-0.0148

10 YR

1.7874%

-0.0122

30 YR

2.2305%

-0.0202

Prices as of: 9/19/2019 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.

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