Mortgage rates got off to a slow start yesterday. It was hard to object considering that left the average lender in line with record lows. But today was a bit different. While most lenders were little-changed at first, many ultimately raised rates during the day in response to deterioration in the bond market. The notion of "raising rates" is relative, in this case. The average prospective mortgage borrower wouldn't think much of the mid-day increases. In fact , they would likely be seeing the same rate quote as yesterday with only a slight increase to upfront costs (or a decrease to lender credit). This is typically the case for mortgages. It takes some serious drama in the bond market for rates to move in an alarming way, and that sort of drama has been in short supply for months. If there

January 6, 2021 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Brace For Potential Impact Mortgage rates got off to a slow start yesterday. It was hard to object considering that left the average lender in line with record lows. But today was a bit different. While most lenders were little-changed at first, many ultimately raised rates du... (read more) Rob Chrisman Correspondent, MLO Jobs; Staffing, Compliance, MI Products; Agency Forbearance Uncertainty Would you rather loan $200,000 to a Danish buntmager (furrier) or the United States Government? Well, while the industry is digesting the news that Guaranteed Rate has entered into a definitive agreement to acquire Stearns Holdings, LLC, from funds m... (read more) Housing News Affordability Issues Expected to Dampen Home Price Gains Home prices rose another 1.1 percent in November according to the CoreLogic report on its Home Price Index. The year-over-year gain was 8.2 percent , accelerating from the annual increase of 7.3 percent posted for October. The company said that home ... (read more) Housing News Residential Spending Continues to Lead Construction Numbers Total spending on construction projects in the U.S. rose 0.9 percent in November compared to October. The U.S. Census Bureau estimated that the seasonally adjusted annual spending on all types of construction was $1.459 trillion during the month comp... (read more) Housing News Forbearances Slightly Elevated at the End of 2020 The number of loans in COVID-19 forbearance plans last week rose for the third consecutive week during the period ended December 29. Black Knight said a 15,000-loan increase in the number of forborne loans brought the total to its highest level since... (read more) MBS Commentary MBS Live Recap: Crazy Day For Bonds. Is The Worst Over? Crazy Day For Bonds. Is The Worst Over? For 2 straight months, and especially over the past few weeks, we've been calling out the Georgia senate election as the biggest ticket market mover for bonds.  I... (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 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/4 3:55AM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/4 3:55AM EST Latest Video Fed: Economic activity remains well below levels at start of year Georgia's special Senate runoff races are nearly too close to call — Here's... McConnell: If we overrule the voters, it would damage our republic forever Protestors and police in standoff at House chamber door Around the Web Calculated Risk Blog FOMC Minutes: "Uncertainty surrounding the economic outlook" CNBC Buildings in U.S. Capitol complex evacuated amid pro-Trump protests CNBC Federal Reserve releases minutes from December meeting Federal Reserve Minutes From Dec 16th Fed Meeting Calculated Risk Blog December Vehicles Sales increased to 16.27 Million SAAR; Annual Sales off 14.7% Calculated Risk Blog Las Vegas Real Estate in December: Sales up 27% YoY, Inventory down 38% YoY CNBC Private payrolls post first drop since April as coronavirus spread hits job growth, ADP says CNBC 10-year Treasury yield holds above 1% as traders watch Georgia runoff results NAR - Realtor.com The Average Family Can't Afford To Own a Home in Most U.S. Counties, Study Finds CNBC Here's what's at stake for markets in the Georgia Senate runoff elections news.google.com Home Solar Is Growing, but Big Installers Are Still Losing Money - The New York Times NPR Georgia Senate Runoffs To Determine Which Party Controls Chamber Calculated Risk Blog Housing Inventory: Zillow vs. NAR

© 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.