MBS Outperform; Bonds Stay Defiantly Sideways Overall The stock market tried a few different moves on the bond market today and while correlation is still visible at times, Treasuries generally refused to be dragged very far from home.  MBS did just a bit better, benefitting from light supply at today's Fed buying operations. Econ Data / Events 20min of Fed 30yr UMBS Buying  10am, 1130am (M-F) and 1pm (T-Th) Jobless Claims 870k vs 840k f'cast, 866k prev Continued Claims 12.58m vs 12.75m prev New Home Sales 1.011m vs 895k f'cast, 965k prev (highest in 14 years) Market Movement Recap 08:47 AM Bonds were modestly stronger overnight, staying in line with stock market weakness as stimulus remains elusive.  S&P futures down .75%.  10yr yields down 1 bp to .67%.  And 2.0 UMBS up 2 ticks (0.06) to 103-03 (103.09).  No reaction to jobless claims data. 01:19 PM No major changes for bonds for the entire day so far.  7yr Auction went fine (solid "B").  Stocks have been pushing higher since the NYSE open, but bonds haven't cared too much.  10yr yields still at .67%.  MBS up another tick to 103-04 (103.125). 03:03 PM MBS squeezed a bit higher in the afternoon after a morning of lighter supply at Fed buying operations (under 7 billion offered in each session versus higher volume days that range from 8-11 billion).  2.0 coupons now up 5 ticks (.16) at 103-05 (103.16)

September 24, 2020 Download our Mobile App: Download our Mobile App: MBS Commentary MBS Live Recap: MBS Outperform; Bonds Stay Defiantly Sideways Overall MBS Outperform; Bonds Stay Defiantly Sideways Overall The stock market tried a few different moves on the bond market today and while correlation is still visible at times, Treasuries generally refused to be ... (read more) Mortgage Rate Watch Mortgage Rates in Drift Mode Mortgage rates didn't do much today. The average lender was effectively unchanged from yesterday. The same could be said yesterday, and the day before that, and so on and so on... The only major adjustment to rates in recent weeks has been the abrupt... (read more) Rob Chrisman Ops, LO, AE Jobs; Broker, Construction, MSR Management Products; Using Digital for Customer Service I need to make a dart board for the wall behind me for Zoom calls that has “rates up” and “rates down” and “rates the same” on it. Until we see actual year-over-year inflation above 2 percent, the Federal Reserve w... (read more) Housing News Serious Delinquencies Grow, but Fewer Overall Missed Payments in August As the COVID-19 crisis dragged into its sixth month in August the total number of mortgage delinquencies continued to ebb, but the rate of decline appears to be slowing. Black Knight, in its first look at the month's loan performance data, found the ... (read more) Housing News Ending Fannie/Freddie Conservatorship Still a Top Priority for FHFA Mark Calabria, Director of the Federal Housing Finance Agency (FHFA) is stepping up his agency's actions to spring Fannie Mae and Freddie Mac (the GSEs) from their decades long federal receivership. Most recently he called on the mortgage industry to... (read more) Housing News FHFA Says 2-Month House Price Gain was Largest Ever Home prices rose another 1.0 percent in July, bringing the year-over-year gain to 6.5 percent according to the House Price Index (HPI) produced by the Federal Housing Finance Agency (FHFA). The agency also revised its previously reported 0.9 percent ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% 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 99.74 +0.10 Price / Yield Change MBS UMBS 5.5 99.73 +0.09 UMBS 6.0 101.52 +0.09 GNMA 5.5 99.93 +0.08 GNMA 6.0 101.42 +0.08 Pricing as of: 7/7 3:46AM EST 10 Year US Treasury 4.3250 -0.0217 Price / Yield Change US Treasury 2 YR Treasury 3.857 -0.026 5 YR Treasury 3.911 -0.025 7 YR Treasury 4.101 -0.023 10 YR Treasury 4.328 -0.019 30 YR Treasury 4.853 -0.011 Pricing as of: 7/7 3:46AM EST Latest Video Economist Diane Swonk: Fed is 'running out of rabbits to pull out of a hat'... American Homes 4 Rent CEO on rising demand for single-family rentals The Bond Report 9 a.m.: September 24, 2020 August home sales pop above 1 million, the best rate in 14 years Around the Web Reuters TREASURIES-Yields dip on mixed economic data, stalled stimulus - Reuters NAR - Realtor.com Looking for a Home in the Suburbs? Good Luck, So Is Everyone Else Calculated Risk Blog Hotels: Occupancy Rate Declined 32% Year-over-year Reuters Fed's Powell says evictions, mortgage defaults may rise without more fiscal aid - Reuters Calculated Risk Blog A few Comments on August New Home Sales CNBC A Roth IRA may help fund your home purchase. Here are the pros and cons CNBC Watch live Powell and Mnuchin testify before the Senate on the economic recovery CNBC Weekly jobless claims total 870,000, vs 850,000 expected CNBC Retailers have started paying rent again but are still fighting with their landlords CNBC Coronavirus pandemic fuels affordability crisis for homebuyers CNBC Treasury yields fall with coronavirus, Fed testimony; jobless claims in focus Calculated Risk Blog NMHC: Rent Payment Tracker Shows Decline in Households Paying Rent in September Calculated Risk Blog AIA: "Architectural billings in August still show little sign of improvement"

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.