Mortgage Rates Surge Lower After Fed Announcement; Application Volume Explodes

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30 Year Fixed

                                                        3.03%
                                                          
                                                        -0.06

15 Year Fixed

                                                        2.65%
                                                          
                                                        -0.04

10YR Treasury

                                                        0.73%
                                                          
                                                        -0.0892

FNMA 30YR 3.5

                                                          105.44
                                                            
                                                          +0.08

FNMA 15YR 2.5

                                                          105.58
                                                            
                                                          +0.17

View Today's Rates

Wednesday June 10, 2020

Mortgage Rate Watch - 4:06PM

Mortgage Rates Surge Lower After Fed Announcement

Mortgage rates dropped quickly today. This wasn't necessarily destined to be the case this morning, but after the Fed released its most recent policy announcement, mortgage-backed bonds ...

MND NewsWire - 9:01AM

Credit Access Retreats Back to Six-Year Lows

Lenders, responding to increasing unemployment rates and other risks, tightened lending standards in May, sending the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability ...

MND NewsWire - 8:17AM

Quarantines Lift, Mortgage Volume Explodes

The Mortgage Bankers Association (MBA) says that mortgage application volume rose significantly during the week ended June 5 as many states began to lift restrictions on individuals ...

MBS Commentary - 3:42PM

MBS RECAP: Fed Delivers. Bonds Surge

Fed Delivers. Bonds Surge As far as the Fed is concerned, bonds don't have to stress out about rates rising too terribly quickly right now. Granted, they can only directly control the ...

Latest Video

BlackRock's Rick Rieder: The Fed will keep rates on hold due to unemployment numbers

Federal Reserve leaves interest rates unchanged, will maintain until confident of recovery

Purchase mortgage applications rise for eighth straight week

More News from 'Around the Web'

Reuters - 4:24PM
S&P 500 ends lower in volatile trade following Fed statement
Reuters - 3:44PM
U.S. Treasury chief says considering more direct payments in next coronavirus aid bill
Reuters - 2:48PM
Instant View: Fed sees GDP falling 6.5% in 2020, keeps rates at zero
Reuters - 2:19PM
Fed sees growth contracting by 6.5% on year, pledges bondbuying at least 'at current pace'
Reuters - 2:19PM
Mnuchin says U.S. recovery has begun, will gain strength in third, fourth quarter
Reuters - 1:30PM
J&J moves up start of coronavirus vaccine human trials to July
Reuters - 11:54AM
With crisis response in place, Fed focuses on long term
CNBC - 10:40AM
Here's what negative interest rates from Fed would mean for you
CNBC - 9:51AM
As small businesses rehire and rebuild, the road to full recovery is a long one
Calculated Risk Blog - 8:52AM
BLS: CPI decreased 0.1% in May, Core CPI decreased 0.1%
Reuters - 8:05AM
Fed easing speculation keeps dollar under pressure

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.03%

-0.06

15 Yr FRM

2.65%

-0.04

FHA 30 Year Fixed

2.62%

+0.00

Jumbo 30 Year Fixed

3.99%

-0.06

5/1 Yr ARM

3.12%

-0.06

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

0.00%

0.00

+0.00

30 Yr. Fixed

0.00%

0.00

+0.00

MBA **

30 Yr. Fixed

3.37%

0.30

-0.05

15 Yr. Fixed

2.85%

0.27

-0.02

30 Yr. Jumbo

3.66%

0.30

-0.05

30 Yr. FHA

3.46%

0.23

+0.05

5/1 ARM

3.05%

0.25

-0.03

Freddie Mac **

30 Yr. Fixed

3.18%

0.70

+0.03

15 Yr. Fixed

2.62%

0.70

+0.00

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.10%

0.40

-0.03

Current Mortgage Rates »

* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.

Secondary Markets

MBS

Price

Change

30YR UMBS 3.0

105.42

+0.23

30YR UMBS 3.5

105.44

+0.08

30YR GNMA 3.0

105.98

+0.22

30YR GNMA 3.5

106.03

+0.02

15YR FNMA 3.0

105.58

+0.17

15YR FNMA 2.5

104.94

+0.17

Treasuries

Yield

Change

2 YR

0.1727%

-0.0317

5 YR

0.3245%

-0.0732

10 YR

0.7345%

-0.0892

30 YR

1.5124%

-0.0661

Prices as of: 6/10/2020 4:27PM EST

Current MBS / Treasury Prices »

MBS and Treasury data provided by Thomson Reuters.

Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.

Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.

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