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: Mortgage Rate Watch Mortgage Rates Defy Odds, Improving Yet Again From Record Levels 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 , ... (read more) Housing News Biggest Drop yet in Forbearances Brings us Back to April's Levels 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... (read more) MBS Commentary MBS Live Recap: Big Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary) 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.  Bu... (read more) Housing News Sure, Rates Are Low, But It's Getting Harder to Get a Loan 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 stand... (read more) Housing News Realtors Report that their Customers are Back 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... ... (read more) Rob Chrisman Ops, LO, AE Jobs; Servicing, Lead, Marketing Products; Conventional Conforming Changes 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 ... (read more) Mortgage Rates 30 Yr. Fixed Rate 5.25% -0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 5.25% -0.02 0.40 15 Yr. Fixed 4.72% -0.01 0.40 30 Yr. FHA 4.65% -0.05 0.00 30 Yr. Jumbo 4.60% -0.07 0.00 5/1 ARM 4.42% -0.04 0.50 Updates Daily - Last Update: 5/26 15 Yr. Fixed Rate 4.72% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 5.10% -0.15 0.90 15 Yr. Fixed 4.31% -0.12 0.80 5/1 Yr. ARM 4.20% +0.12 0.30 Updates Weekly - Last Update: 5/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 5.49% -0.04 0.74 15 Yr. Fixed 4.73% -0.06 0.82 30 Yr. Jumbo 5.03% -0.05 0.61 Updates Weekly - Last Update: 5/18 MBS / Treasuries UMBS 30YR 4.0 100.41 +0.06 Price / Yield Change MBS UMBS 4.0 100.41 +0.06 UMBS 4.5 101.92 0.00 GNMA 4.0 101.28 +0.05 GNMA 4.5 102.33 -0.06 Pricing as of: 5/26 11:17PM EST 10 Year US Treasury 2.7469 +0.0053 Price / Yield Change US Treasury 2 YR Treasury 2.468 -0.010 5 YR Treasury 2.709 +0.003 7 YR Treasury 2.755 +0.005 10 YR Treasury 2.749 +0.007 30 YR Treasury 2.980 +0.006 Pricing as of: 5/26 11:17PM EST 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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