Yesterday, we discussed the fact that many mortgage lenders got defensive ahead of election night uncertainty. In the mortgage world, when lenders get defensive, it means "higher rates." This was blatantly obvious for a few lenders who raised rates by much more than the shift in underlying bond markets suggested (bonds are the primary building blocks that determine rates). Fortunately, the lenders that made the biggest NEGATIVE moves yesterday were generally the same lenders making the biggest positive moves today. That said, the strategies between lenders were widely varied. Some simply held things mostly steady both today and yesterday, or made only nominal changes. Others made more drastic changes. For example, several lenders were quoting conventional 30yr fixed rates that were 0.125% lower

November 5, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Bounce Back (Lower) Yesterday, we discussed the fact that many mortgage lenders got defensive ahead of election night uncertainty. In the mortgage world, when lenders get defensive, it means "higher rates." This was blatantly obvious for a few lenders who raised rates b... (read more) Rob Chrisman VOE, Database, Broker Tools; Events; Disaster Updates; Political Uncertainty Moving Rates With Nevada’s 6 electoral college votes, nothing says 2020 like the fate of the nation resting in the hands of Reno. When sending out a daily commentary grows wearisome for me, I may shift gears and open up a rehab center in Oregon. Why Oregon?... (read more) MBS Commentary MBS Live Recap: No Reaction to Fed, Bonds Waiting on More Election Clarity No Reaction to Fed, Bonds Waiting on More Election Clarity Between the weaker momentum throughout October and the brief jump up to 0.95% for 10yr yields, bonds had a decent scare in the first trading hour of ... (read more) Housing News Think Tank Concludes Mortgage Guidelines Could Safely be Twice as Risky The Urban Institute's (UI's) Housing Finance Policy Center has updated its credit availability index (HCAI) to reflect data for the second quarter of 2020. The Index shows a slight dip from an adjusted 5.3 percent in the first quarter to 5.2 percent ... (read more) Housing News Refis Help to Boost Mortgage Application Volume An increase in refinancing carried overall applications onto the plus side of the ledger during the week ended October 30. The Mortgage Bankers Association (MBA) said its Mortgage Applications Survey found a slight decline in purchase applications bu... (read more) Housing News Fastest Home Price Gains Since 2004, Inventories Dwindling CoreLogic's estimate of the annual home price appreciation in September is not nearly as high as that published yesterday (over 14 percent) by Black Knight on Monday, but at 6.7 percent, the CoreLogic number is the fastest annual acceleration in thei... (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 99.73 +0.08 Price / Yield Change MBS UMBS 5.5 99.72 +0.08 UMBS 6.0 101.51 +0.08 GNMA 5.5 99.92 +0.07 GNMA 6.0 101.41 +0.07 Pricing as of: 7/7 12:41AM EST 10 Year US Treasury 4.3310 -0.0157 Price / Yield Change US Treasury 2 YR Treasury 3.861 -0.022 5 YR Treasury 3.915 -0.022 7 YR Treasury 4.104 -0.020 10 YR Treasury 4.331 -0.015 30 YR Treasury 4.858 -0.005 Pricing as of: 7/7 12:41AM EST Latest Video We will have a stronger recovery if we get additional fiscal support: Powel... Monetary policy is not out of ammo and we remain strongly committed: Fed's ... Powell's goal was to keep it very steady during an election period and he d... The 9 a.m. Bond Report: November 5, 2020 Around the Web Calculated Risk Blog Goldman October Payrolls Preview NAR - Realtor.com How Presidential Election Uncertainty Hurtsand Helpsthe Housing Market news.google.com Fed holds interest rates steady near zero, says economy is still well below pre-pandemic levels - CNBC CNBC Homeowners and buyers are the real winners in this election Calculated Risk Blog October Employment Preview NAHB Eye on Housing Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low CNBC Bank of England chief wants lenders to take their own decisions to cut shareholder dividends news.google.com With election nearing a resolution, investors see some market-friendly themes emerging CNBC U.S. weekly jobless claims total 751,000, vs. 741,000 estimate CNBC With election nearing a resolution, investors see some market-friendly themes emerging CNBC McConnell says economic stimulus will be Senate's top priority before the end of 2020 CNBC Election results could point to a smaller coronavirus stimulus deal. Here's why NPR When Will We Know The Winner? Timeframes For 6 Key States

© 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.