Many of today's mortgage-related headlines are touting "new all-time lows," but there are significant caveats. The biggest caveat would likely be the fact that the average 30yr fixed rate is actually nowhere near its previous all-time lows! So why are there so many headlines saying otherwise? Issue 1: Freddie Mac's Weekly Rate Survey Freddie conducts the longest-running weekly mortgage rate survey in the biz. If you're not worried about nitty gritty details or day to day movement, it's plenty accurate and consistent. That's why the industry and news media have grown to rely on it for a quick, rough take on mortgage rates every Thursday morning. The problem with Freddie's survey is that it's a quick rough take every Thursday morning. It doesn't go into nitty gritty detail--the kind that could

October 16, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch No, Mortgage Rates Are NOT Actually At All-Time Lows Many of today's mortgage-related headlines are touting "new all-time lows," but there are significant caveats. The biggest caveat would likely be the fact that the average 30yr fixed rate is actually nowhere near its previous all-time lows! So why ar... (read more) Housing News Pandemic Throwing Millions into Rent, Mortgage, and Student Loan Peril The pandemic is endangering the credit histories of at least 30 million Americans and possibly threatening the shelter status of many of them. The Mortgage Bankers Associations' (MBA's) Research Institute for Housing America (RIHA) said on Friday tha... (read more) MBS Commentary MBS Live Recap: MBS Defy Odds as Bond Bulls Fail For 3rd Straight Day MBS Defy Odds as Bond Bulls Fail For 3rd Straight Day After failing back to back attempts to retake the recent sub-.72 range, 10yr yields didn't even try today.  Part of the problem was a stronger Retail... (read more) Rob Chrisman MLO, Ops Jobs; MSR Valuation, Training, Non-QM, Retention, Tax Tools; New Jumbo Wholesaler; 2006 vs. 2019: Nothing is Forever What’s more important, spending money on the latest iPhone, or taking care of your body? Every Thursday we receive Initial Jobless Claims statistics, and usually on the first Friday of the month we receive a set of employment data. But who make... (read more) Housing News Forbearances Up Slightly After Last Week's Plunge Last week Black Knight reported that the beginning of October saw a decline in the number of active forbearance plans of 649,000 or 18 percent as many plans reached the end of their initial period. It was the largest single week decline since the cri... (read more) Housing News Troubling Unemployment Numbers Eclipsed by a Strong Housing Market Although the housing market continues to show strength, Freddie Mac economists say there are increasingly troubling signs in the larger economy. The third quarter forecast from the company's Economic and Housing Research Group notes an apparent stall... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 -0.01 Price / Yield Change MBS UMBS 5.5 99.91 -0.01 UMBS 6.0 101.58 0.00 GNMA 5.5 100.07 +0.01 GNMA 6.0 101.43 +0.02 Pricing as of: 7/1 10:17PM EST 10 Year US Treasury 4.2446 +0.0054 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.004 5 YR Treasury 3.834 -0.006 7 YR Treasury 4.019 +0.006 10 YR Treasury 4.245 +0.005 30 YR Treasury 4.767 0.000 Pricing as of: 7/1 10:17PM EST Latest Video This holiday season could be the first time sales are left on the table: Re... Industrial production dropped 0.6% in September, vs 0.5% increase expected Preliminary consumer sentiment climbs higher than expected in October Retail sales rise 1.9% in September, vs 0.7% expected Around the Web Redfin What Hurts a Home Appraisal? And 7 Things You Can Do to Fix Them CNBC U.S. government budget ends fiscal year with a more than $3 trillion deficit Calculated Risk Blog Q3 GDP Forecasts CNBC States face Friday deadline from CDC to submit plans to distribute coronavirus vaccine Calculated Risk Blog Industrial Production Decreased 0.6 Percent in September; 7.1% Below Pre-Crisis Level CNBC Retail sales rise 1.9% in September, vs 0.7% expected news.google.com Shares retreat on coronavirus resurgence, fading U.S. stimulus hopes CNBC Hotels on demand: Operators are selling 'subscriptions' to lure back visitors twitter.com FreddieMac: The avg. 30-Yr FRM hits record low at 2.81% CNBC No doubt' that crucial U.S. fiscal stimulus is coming, IMF managing director says CNBC 'Hottest real estate market in the world' may be Palm Beach, Florida, brokers say Calculated Risk Blog Hotels: Occupancy Rate Declined 29.2% Year-over-year NAHB Eye on Housing Remodeling Industry Confidence Surges in Third Quarter

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