Forbearances Decline as Initial Plans Expire; Rates Increasingly Focused on Stimulus

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30 Year Fixed

                                  3.04%
                                    
                                  +0.03

15 Year Fixed

                                  2.45%
                                    
                                  +0.04

10YR Treasury

                                  0.78%
                                    
                                  -0.0015

FNMA 30YR 3.5

                                    105.36
                                      
                                    +0.05

FNMA 15YR 2.5

                                    104.72
                                      
                                    +0.05

View Today's Rates

Friday October 9, 2020

MND NewsWire - 10:05AM

Forbearances Experience Record Decline as Initial Plans Expire

The number of forbearance plans plunged last week as those that went into effect in the early days of the pandemic hit the end of their initial six-month terms. Black Knight said nearly ...

Mortgage Rate Watch - 4:59PM

Interest Rates Increasingly Focused on Stimulus

The bond market, which drives interest rates, is in the habit of reacting to big developments that impact the economy and inflation. At present, bonds are forced to wait for several ...

MBS Commentary - 10:19AM

MBS Day Ahead: Anything Can Happen in Mid-October

At one point in time (and perhaps to this day) if you'd asked the average bond market watcher to name the top 3 months for volatility, October would definitely have made the list. There ...

Latest Video

Trump raises stimulus offer to $1.8 trillion

Covid-19 mortgage bailouts see largest fall as first wave of forbearance plans end

Fedspeak is driving markets higher, not stimulus hopes: Strategas' Trennert

More News from 'Around the Web'

Calculated Risk Blog - 2:53PM
U.S. Heavy Truck Sales down 26% Year-over-year in September
eyeonhousing.org - 2:19PM
Mortgage-Treasury Spread Trended Lower in September
CNBC - 12:54PM
Trump raises coronavirus stimulus offer to $1.8 trillion, sources say
news.google.com - 12:35PM
SBA clarifies deferral period for PPP loan payments
CNBC - 10:50AM
Mitch McConnell says a coronavirus stimulus package is 'unlikely in the next three weeks'
CNBC - 9:13AM
Central banks are weighing their own digital currencies this is what they could look like
Reuters - 8:16AM
'Treasuries on steroids': U.S. banks' mortgage bond trading bonanza
CNBC - 8:06AM
Coronavirus mortgage bailouts fall below 3 million in pandemic's sharpest decline

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.04%

+0.03

15 Yr FRM

2.45%

+0.04

FHA 30 Year Fixed

2.39%

+0.02

Jumbo 30 Year Fixed

3.35%

-0.03

5/1 Yr ARM

2.83%

+0.04

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

3.01%

0.37

-0.04

15 Yr. Fixed

2.59%

0.36

-0.06

30 Yr. Jumbo

3.31%

0.30

-0.02

30 Yr. FHA

3.12%

0.32

-0.03

5/1 ARM

2.80%

0.34

-0.15

Freddie Mac **

30 Yr. Fixed

2.87%

0.80

-0.01

15 Yr. Fixed

2.37%

0.70

+0.01

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.89%

0.20

-0.01

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

104.52

+0.09

30YR UMBS 3.5

105.36

+0.05

30YR GNMA 3.0

103.84

-0.11

30YR GNMA 3.5

105.13

-0.22

15YR UMBS 3.0

104.72

+0.05

15YR UMBS 2.5

104.06

-0.08

Treasuries

Yield

Change

2 YR

0.1569%

+0.0081

5 YR

0.3389%

+0.0049

10 YR

0.7770%

-0.0015

30 YR

1.5765%

-0.0046

Prices as of: 10/9/2020 5:02PM 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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