Purchase Applications Hit 11yr High, Refi Boom Continues; Construction Bounces Back

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30 Year Fixed

                                                        3.01%
                                                          
                                                        +0.00

15 Year Fixed

                                                        2.63%
                                                          
                                                        +0.07

10YR Treasury

                                                        0.73%
                                                          
                                                        -0.0066

FNMA 30YR 3.5

                                                          105.19
                                                            
                                                          -0.08

FNMA 15YR 2.5

                                                          105.25
                                                            
                                                          -0.09

View Today's Rates

Wednesday June 17, 2020

MND NewsWire - 8:13AM

Purchase Applications Hit 11yr High, Refi Boom Continues

Mortgage Application volumes continued to grow during the week ended June 12 as mortgage rates reached new lows and states allowed more businesses to reopen. The Mortgage Bankers Association ...

MND NewsWire - 10:10AM

New Home Construction is Officially Picking Back Up

Residential construction numbers climbed in May after their pandemic-driven collapse in April. The Census Bureau and the Department of Housing and Urban Development report that both ...

MND NewsWire - 3:13PM

CFPB Attempts to Clarify Servicer Credit Reporting Requirements

There has apparently been considerable confusion regarding servicer obligations to report to credit agencies regarding loans in forbearance. The original guidance issued to servicers ...

MBS Commentary - 8:35AM

MBS Day Ahead: Stocks and Bonds Both Waiting For an Opportunity

Perspective is always important when considering market movement. Most decent charting software or any responsibly-created custom chart will scale the charted line to fill up most of ...

Latest Video

Home purchase applications spike to an 11-year high

Housing starts rose 4.3% in May, versus 22.3% increase expected

Fed chair: We are not thinking of putting down our tools for a long time

More News from 'Around the Web'

Reuters - 4:02PM
Fed's Powell beats drum for more government aid to bolster economy
Calculated Risk Blog - 4:02PM
Quarterly Housing Starts by Purpose and Design
Reuters - 2:46PM
S&P 500, Dow muted as rising COVID-19 cases dent recovery hopes
CNBC - 1:04PM
The Fed will move away from ETFs to direct corporate bond purchases, Powell says
www.redfin.com - 12:40PM
7 Home Inspection Nightmares and How to Fix Them
Reuters - 12:40PM
Powell repeats Fed to use full range of tools to aid economy
Reuters - 9:45AM
Wall Street opens higher on hopes of swift economic recovery
CNBC - 7:56AM
Fed's unprecedented support for stocks pushes James Bianco out of the bear camp, sees potential for new record highs
Reuters - 7:55AM
Record spike in new coronavirus cases reported in six U.S. states as reopening accelerates
www.npr.org - 7:49AM
The Rich Have Stopped Spending And That's Tanked The Economy
Reuters - 7:48AM
Futures inch higher on hopes of quick economic revival
CNBC - 7:47AM
30% of Americans missed their housing payments in June
CFPB - 7:46AM
CFPB Issues Credit Reporting FAQs Relating to COVID and The CARES Act
CNBC - 7:45AM
Homebuyer mortgage demand spikes to 11-year high, as rates hit another record low

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.01%

+0.00

15 Yr FRM

2.63%

+0.07

FHA 30 Year Fixed

2.50%

+0.00

Jumbo 30 Year Fixed

3.94%

-0.01

5/1 Yr ARM

3.05%

-0.02

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

3.37%

0.30

-0.05

15 Yr. Fixed

2.85%

0.27

-0.02

30 Yr. Jumbo

3.66%

0.30

-0.05

30 Yr. FHA

3.46%

0.23

+0.05

5/1 ARM

3.05%

0.25

-0.03

Freddie Mac **

30 Yr. Fixed

3.21%

0.90

+0.03

15 Yr. Fixed

2.62%

0.80

+0.00

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.10%

0.40

+0.00

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

105.14

-0.09

30YR UMBS 3.5

105.19

-0.08

30YR GNMA 3.0

105.45

-0.14

30YR GNMA 3.5

105.59

-0.13

15YR FNMA 3.0

105.25

-0.09

15YR FNMA 2.5

104.53

-0.06

Treasuries

Yield

Change

2 YR

0.1972%

+0.0001

5 YR

0.3440%

+0.0080

10 YR

0.7347%

-0.0066

30 YR

1.5267%

-0.0034

Prices as of: 6/17/2020 4:50PM 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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