There are two kinds of headlines about mortgage rates today: those that rely on the weekly survey-based data published each Thursday by Freddie Mac, and those who rely on the actual daily average rate compiled by Mortgage News Daily. In both cases , the headlines can claim new record low rates, but each source is referring to a different instance of all-time lows. for the average lender. Specifically the all-time lows I told you about on Monday are the same all-time lows Freddie Mac is talking about today (Freddie's survey only covers the first part of any given week and tends to heavily favor Mondays). And the all-time lows I'm talking about today are those that have yet to be captured by Freddie's survey. Indeed, they may not be captured at all if rates happen to move up by the beginning

July 10, 2020 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Jul 10, 2020 Mortgage Rates Defy Odds, Improving Yet Again From Record Levels Thu, Jul 9, 2020 4:25PM There are two kinds of headlines about mortgage rates today: those that rely on the weekly survey-based data published each Thursday by Freddie Mac, and those who rely on the actual daily average rate compiled by Mortgage News Daily. In both cases , the headlines can claim new record low rates, but each source is referring to a different instance of all-time lows. for the average lender. Specifically the all-time lows I told you about on Monday are the same all-time lows Freddie Mac is talking about today (Freddie's survey only covers the first part of any given week and tends to heavily favor... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 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 99.69 +0.10   95.05 100.47 UMBS 30YR 5.5 101.14 +0.10   97.47 101.61 10 YR Treasury 4.068 -0.013   3.706 4.780 MBS Live Recap: Big Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary) Fri, Jul 10, 2020 4:28PM Big Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary) Just as bonds were settling into a nice new trend toward lower yields, today comes along with the biggest intraday reversal in weeks.  But even if the weakness was twice as big, bonds would still be in a great place and we still wouldn't be s... (read more) MBS Price Change UMBS 4.5 97.70 +0.08 UMBS 5.0 99.69 +0.11 UMBS 5.5 101.14 +0.11 GNMA 4.5 98.09 +0.07 GNMA 5.0 99.98 +0.16 GNMA 5.5 101.01 +0.12 Pricing as of: 9/18 2:01AM EST US Treasury Yield Change 2 YR Treasury 3.539 -0.024 5 YR Treasury 3.635 -0.021 7 YR Treasury 3.821 -0.019 10 YR Treasury 4.068 -0.013 30 YR Treasury 4.666 -0.021 Pricing as of: 9/18 2:01AM EST Other News Biggest Drop yet in Forbearances Brings us Back to April's Levels Fri, Jul 10, 2020 9:19AM Black Knight's weekly report on the numbers of mortgage loans in COVID-19 forbearance plans shows that a decline in those numbers of nearly a half million last week. More than 435,000 homeowners exited the plans, the largest drop yet. As of July 7, 4.14 million homeowners were in the plans which allow them to skip or reduce their mortgage payments if they ar... (read more) Sure, Rates Are Low, But It's Getting Harder to Get a Loan Thu, Jul 9, 2020 4:23PM Credit tightening is becoming more evident according to the Mortgage Bankers Association (MBA). Its Mortgage Credit Availability Index fell to a reading of 125.0 in June, a loss of 3.3 percent . A decline in the index indicates stricter lending standards. Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting explained. "Mortgage credi... (read more) Realtors Report that their Customers are Back Thu, Jul 9, 2020 10:57AM A new survey by the National Association of Realtors® (NAR) has found that the vast majority of its members feel as though their businesses are back on track. NAR says, "After enduring months of setbacks brought on by the coronavirus pandemic... more than nine in 10 members believe they are in the process of recovering as many states start to reopen thei... (read more) Ops, LO, AE Jobs; Servicing, Lead, Marketing Products; Conventional Conforming Changes Fri, Jul 10, 2020 9:07AM Bubonic plague in China ? What’s next, frogs falling from the sky? Water turning into blood, darkness for three days? A big bank requiring $1 million in your account for some retail jumbo refis? Oh wait... that happened . (That’s one way to manage capacity.) Ivy League football has been yanked, and hurricane season is approaching in the Southeast... (read more) Latest Video Tax audits: How long do they take, and what are the odds of getting one? Trump says he's not 'even thinking' about a 'Phase 2' trade deal with China Sen. Capito on what to expect from the next coronavirus stimulus bill US producer price index dropped 0.2% in June, vs 0.4% increase expected Around the Web CNBC Pandemic deals mightier blow to retail than Great Recession: First-quarter operating income down 58% CNBC Unemployment benefits aren't free here's how to avoid a big tax bill next year CNBC Looming evictions may soon make 28 million homeless in U.S., expert says Calculated Risk Blog Q2 GDP Forecasts: Probably Around 36% Annual Rate Decline CNBC Continued unemployment boosts will help recovery more than new stimulus checks, economists say Redfin More Than Half of Redfin Offers Faced Bidding Wars for Second Consecutive Month in June CNBC Coronavirus mortgage bailout sees biggest one-week decline, but more borrowers are extending terms twitter.com FHFA Extends COVID-Related Loan Processing Flexibilities for FannieMae and FreddieMac Customers Through August CNBC CEO of Century 21 parent says suburban home search is up across the country, following New York's lead Calculated Risk Blog DOT: Vehicle Miles Driven decreased 26% year-over-year in May CNBC Treasury's Mnuchin backs narrower coronavirus aid package as talks with Congress resume CNBC WHO warns the coronavirus is 'getting worse,' continues to accelerate Redfin The Pros and Cons of Buying a House with a Septic Tank

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