There are quite a few more new stories than normal about mortgage rates today. Most of them are wrong. This one is not, and it's pretty easy to see why. Freddie Mac releases its weekly mortgage rate survey every Thursday morning. The survey accepts responses from Monday through Wednesday, but based on a comparison of day-to-day rates versus the survey numbers, it would appear Monday's rates get most of the weight, Tuesday's slightly less, and Wednesday's almost none. In other words, the survey has historically compared Mon/Tue rates to Mon/Tue rates. That's not a problem if that was made more clear by the throng of journalists that cite the survey as the definitive word in week-over-week rate movement. As it stands, however, we have headlines unequivocally proclaiming mortgage rates are at

August 7, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Most Mortgage Rate Headlines Are Wrong Today There are quite a few more new stories than normal about mortgage rates today. Most of them are wrong. This one is not, and it's pretty easy to see why. Freddie Mac releases its weekly mortgage rate survey every Thursday morning. The survey accepts r... (read more) MBS Commentary MBS Live Recap: More Defensive After Jobs Report, But Not Necessarily Because of it More Defensive After Jobs Report, But Not Necessarily Because of it The jobs report was hard-pressed to live up to its historical market movement potential this morning, but it did its best to surprise market... (read more) Rob Chrisman Ops Jobs; Reverse, Training, VA Tools and Products; Ellie's $11 billion Sale and Other Vendor News Let me get this straight. It’ll take a year or two for a cure for a virus that can be killed with hand sanitizer, soap, and hot water? COVID is driving our economy, driving headlines, driving working from home and managing employees working fro... (read more) Housing News Another Wave of Forbearances is Probably On The Way There was a significant decline in the number of active COVID-19 related forbearance plans over the past week, but that decrease did not necessarily mean homeowners were emerging from financial difficulties. Black Knight said its weekly survey found ... (read more) Housing News Foreign Buyers are Pumping the Brakes on Home Purchases Foreign buyers cut back their investment in U.S. residential properties over the 12 months that ended in March. It was the second year-over-year decline. The National Association of Realtors® (NAR) annual survey among its members about their tran... (read more) Housing News Maybe Home Prices Aren't in Trouble After All? Home prices increased in June at the fastest pace in more than seven years. CoreLogic said its Home Price Index (HPI) rose 1.0 percent from May, the largest month-over-month gain since January 2013. The appreciation from April to May was 0.7 percent.... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.02 0.00 15 Yr. Fixed 6.02% +0.03 0.00 30 Yr. FHA 6.34% +0.05 0.00 30 Yr. Jumbo 6.90% +0.01 0.00 7/6 SOFR ARM 6.45% +0.10 0.00 30 Yr. VA 6.35% +0.05 0.00 Updates Daily - Last Update: 7/8 15 Yr. Fixed Rate 6.02% +0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.44 -0.01 Price / Yield Change MBS UMBS 5.5 99.46 +0.00 UMBS 6.0 101.33 +0.00 GNMA 5.5 99.62 +0.00 GNMA 6.0 101.24 -0.01 Pricing as of: 7/9 4:07AM EST 10 Year US Treasury 4.3993 -0.0069 Price / Yield Change US Treasury 2 YR Treasury 3.891 -0.004 5 YR Treasury 3.970 -0.001 7 YR Treasury 4.168 -0.007 10 YR Treasury 4.394 -0.012 30 YR Treasury 4.913 -0.014 Pricing as of: 7/9 4:07AM EST Latest Video Coronavirus stimulus deal falls apart—Here's what both sides are saying The U.S. economy added nearly 1.8 million jobs in July—Three experts break ... U.S. jobs rise by 1.763 million in July, vs 1.48 million expected How the July jobs report could inform what's in the next round of stimulus Around the Web CNBC Zillow CEO: Real estate market is beginning 'great reshuffling' as people seek more space at home CNBC Markets could be challenged by Washington stimulus talks and China tensions Calculated Risk Blog Hotels: Occupancy Rate Declined 35% Year-over-year CNBC Canada to impose tariffs on $2.7 billion in U.S. goods after Trump reignites trade feud CNBC Pandemic home remodeling is booming: Here's what your neighbors are doing CNBC The jobs report was better than expected, but market worries gains will be fleeting without stimulus Calculated Risk Blog Comments on July Employment Report CNBC U.S. jobs rise by 1.763 million in July, vs 1.48 million expected CNBC Treasury yields fall ahead of key jobs report; stimulus talks continue CNBC 32% of Americans had outstanding housing payments at the beginning of August CNBC Mortgage rates hit another record low, but homes are still less affordable NAR - Realtor.com The number of Americans skipping mortgage payments is falling except among these borrowers Calculated Risk Blog July Employment Preview

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