Lenders Upbeat About Profits, Loan Demand; Pandemic Pushing Millennials Back Home; Focus on Fed

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30 Year Fixed

                                  3.03%
                                    
                                  +0.15

15 Year Fixed

                                  2.50%
                                    
                                  +0.10

10YR Treasury

                                  0.68%
                                    
                                  +0.0049

FNMA 30YR 3.5

                                    105.45
                                      
                                    +0.02

FNMA 15YR 2.5

                                    104.92
                                      
                                    -0.02

View Today's Rates

Tuesday September 15, 2020

Mortgage Rate Watch - 4:21PM

What Will The Fed Do to Mortgage Rates?

What will the Fed do to mortgage rates ? This is actually a bit of a trick question . The Fed doesn't set mortgage rates. The Fed's policy rate applies to overnight loans between large ...

MND NewsWire - 2:01PM

Lenders Upbeat About Profits, Loan Demand

Mortgage lenders had an excellent second quarter in terms of profitability according to the Mortgage Bankers Association, and Fannie Mae's Lender Sentiment Survey for the third quarter ...

MND NewsWire - 9:15AM

Pandemic Pushing Gen Z and Millennials to Move Back Home

It was a phenomenon 12 years ago that ended with a huge decline in homeownership among Millennials, and now it is happening, for the same reason to Gen Zas a huge surge in unemployment ...

MBS Commentary - 10:46AM

MBS Day Ahead: Bond Market Reiterating Importance of Tomorrow's Fed Announcement

In August, we witnessed a rapid acceleration in expectations for the Fed's long-awaited inflation framework shift. Although it seemed rather precipitous at the time, the framework review ...

Latest Video

CNBC Fed Survey respondents see two risks to equity markets

U.S. industrial production slows to modest increase of 0.4% in August

Market will have normal recovery and could be bigger than before: Leuthold's Paulsen

More News from 'Around the Web'

CNBC - 3:58PM
Here's how homeowners can prepare for insurance claims after Hurricane Sally
CNBC - 3:58PM
The Fed could could still move markets Wednesday even with rates on hold for the foreseeable
Calculated Risk Blog - 1:58PM
Technical Note: September Employment Report Will Probably Show a Decrease in Temporary Census Workers
CNBC - 12:58PM
JPMorgan CEO says a failure to think long-term is causing governments to make really dumb decisions'
www.npr.org - 12:56PM
Inspector General Slams FEMA Over Repeatedly Flooded Homes
Calculated Risk Blog - 11:04AM
"Income, Poverty and Health Insurance Coverage in the United States: 2019"
CNBC - 10:01AM
26% of Americans have taken advantage of some type of payment deferral plan
Calculated Risk Blog - 9:50AM
Industrial Production Increased 0.4 Percent in August; Still 7.2% Below Pre-Crisis Level
eyeonhousing.org - 9:27AM
Strong Year-over-Year Gains for July Single-Family Permits
CNBC - 9:14AM
The Federal Reserve will stay on hold until 2023, according to CNBC survey
CNBC - 9:14AM
U.S. bond yields rise ahead of Federal Reserve meeting
CNBC - 9:14AM
Some economists predict coronavirus could end globalization, while others see the nature and rules of international collaboration changing
Calculated Risk Blog - 9:14AM
NY Fed: Manufacturing "Business activity expanded at a solid clip in New York State" in September

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.03%

+0.15

15 Yr FRM

2.50%

+0.10

FHA 30 Year Fixed

2.38%

-0.04

Jumbo 30 Year Fixed

3.47%

-0.02

5/1 Yr ARM

2.80%

+0.07

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

3.07%

0.36

-0.01

15 Yr. Fixed

2.62%

0.33

-0.05

30 Yr. Jumbo

3.40%

0.31

-0.01

30 Yr. FHA

3.16%

0.42

-0.03

5/1 ARM

2.99%

0.58

-0.09

Freddie Mac **

30 Yr. Fixed

2.86%

0.80

-0.07

15 Yr. Fixed

2.37%

0.70

-0.05

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.11%

0.20

+0.18

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

104.84

+0.05

30YR UMBS 3.5

105.45

+0.02

30YR GNMA 3.0

104.22

-0.13

30YR GNMA 3.5

104.83

-0.20

15YR UMBS 3.0

104.92

-0.02

15YR UMBS 2.5

104.53

-0.23

Treasuries

Yield

Change

2 YR

0.1410%

+0.0040

5 YR

0.2722%

+0.0079

10 YR

0.6805%

+0.0049

30 YR

1.4343%

+0.0195

Prices as of: 9/15/2020 5:06PM 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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