Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows . Averages aside, several lenders are slightly higher than they were on Friday. Either way, the movement was minimal over the weekend. Beyond that, no conversation about all-time low rates would be complete without several of these recently relevant caveats: 1. Different borrowers will see different pricing. This sort of goes without saying, but it's much more pronounced than it has been before coronavirus. Specifically, we're talking about the big differences in mortgage rate quotes for borrowers with certain combinations of risk factors. These include things like investment properties, cash-out, higher loan-to-value ratios, and the like. The all-time low rates seen in 2012

June 30, 2020 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.37% +0.15%   6.13% 7.26% 15 Yr. Fixed 5.88% +0.13%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.11%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Jun 30, 2020 Mortgage Rates Continue at All-Time Lows, But Caveats Remain Mon, Jun 29, 2020 3:52PM Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows . Averages aside, several lenders are slightly higher than they were on Friday. Either way, the movement was minimal over the weekend. Beyond that, no conversation about all-time low rates would be complete without several of these recently relevant caveats: 1. Different borrowers will see different pricing. This sort of goes without saying, but it's much more pronounced than it has been before coronavirus. Specifically, we're talking about the big differences in mortgage rate qu... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.37% +0.15 0.00 15 Yr. Fixed 5.88% +0.13 0.00 30 Yr. FHA 6.05% +0.10 0.00 30 Yr. Jumbo 6.25% +0.11 0.00 7/6 SOFR ARM 5.77% +0.12 0.00 30 Yr. VA 6.07% +0.09 0.00 Updates Daily - Last Update: 9/18 Freddie Mac Rate Change Points 30 Yr. Fixed 6.26% -0.09 0.00 15 Yr. Fixed 5.41% -0.09 0.00 Updates Weekly - Last Update: 9/18 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.47 -0.07   95.05 100.47 UMBS 30YR 5.5 101.05 -0.02   97.47 101.61 10 YR Treasury 4.110 +0.006   3.706 4.780 MBS Live Recap: Surprisingly Quiet Quarter-End Trading. No Objections Here Tue, Jun 30, 2020 4:46PM Surprisingly Quiet Quarter-End Trading. No Objections Here The last trading day of any given month (especially if it's also the end of a quarter) can often see elevated volatility without any obvious motivation (here's why).  While that was sort of the case for Treasuries today, even they were fairly calm in th... (read more) MBS Price Change UMBS 4.5 97.39 -0.07 UMBS 5.0 99.48 -0.06 UMBS 5.5 101.06 -0.01 GNMA 4.5 97.49 -0.01 GNMA 5.0 99.72 -0.03 GNMA 5.5 100.89 -0.01 Pricing as of: 9/18 9:56PM EST US Treasury Yield Change 2 YR Treasury 3.566 +0.002 5 YR Treasury 3.667 0.000 7 YR Treasury 3.857 +0.006 10 YR Treasury 4.110 +0.006 30 YR Treasury 4.729 +0.005 Pricing as of: 9/18 9:56PM EST Other News Home Prices "Remarkably Stable" in April Tue, Jun 30, 2020 10:12AM Home prices continued to hold up on a national basis in April. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, reported a 4.7 percent annual gain in April, up from 4.6 percent in March. The National Index posted a 1.1 percent month-over-month increase before seasonal adjustment and an 0.5 percent ga... (read more) Record Surge in Pending Home Sales Mon, Jun 29, 2020 10:28AM Lawrence Yun, chief economist for the National Association of Realtors® (NAR), predicted last month that April's home sales contract activity "will be the lowest point for pending sales." That turns out to have been a huge understatement--at least for now. This morning's release of NAR's Pending Home Sales Index (PHSI) showed the number of those contract... (read more) Supreme Court Rules Single CFPB Director Unconstitutional Mon, Jun 29, 2020 1:38PM The Supreme Court, in a 5-4 decision along partisan lines, took a chunk out of the intentions the Dodd-Frank Act had for the Consumer Financial Protection Bureau (CFPB) when it created it. The court ruled that the single-director structure of the agency is unconstitutional as is its limits on the President's ability to replace its occupant. When Congress est... (read more) Servicing, Inspection, Loss-mit Products; CFPB's Structure to Change; Ginnie Adjusts Pooling Requirements Tue, Jun 30, 2020 8:50AM Some days you don’t learn much, other days you learn a lot (skip the ad). We’ve learned that COVID is driving our economy, not fundamental economic news, and at this point virologists have better forecasts than economists. Appearing with Treasury Secretary Mnuchin today before Congress, it is believed that Fed Chairman Powell will state that ther... (read more) Latest Video Powell: Fed committed to using all tools available Consumer confidence index comes in better than expected in June Paychex small business report indicates employment is steady in June Powell: Recovery path is 'extraordinarily uncertain' Around the Web Calculated Risk Blog Fannie Mae: Mortgage Serious Delinquency Rate Increased in May Calculated Risk Blog Las Vegas Visitor Authority: "No Convention Attendance, Hotel Occupancy 2.8%" in May CNBC Treasury Department, IRS will not extend Tax Day a second time CNBC The wealthy are prepping for tax increases with these three strategies Calculated Risk Blog "Chemical Activity Barometer Falls Slightly In June" CNBC U.S. consumer confidence for June jumps to 98.1, vs 91 expected Calculated Risk Blog Case-Shiller: National House Price Index increased 4.7% year-over-year in April CNBC The coronavirus is expected to have cost 400 million jobs in the second quarter, UN labor agency estimates CNBC PPP loans are ending. Here's where small businesses can turn now CNBC Treasury yields retreat as Fed's Powell stresses uncertainty and coronavirus cases surge twitter.com FHFA is providing tenant protections to help renters in multifamily properties stay in their homes Calculated Risk Blog MBA Survey: "Share of Mortgage Loans in Forbearance Decreases Slightly to 8.47%" of Portfolio Volume CNBC Powell says recovery path is 'extraordinarily uncertain' amid efforts to control virus

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