Pandemic's Effect on Supply and Affordability; Time For Rates to Panic?

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30 Year Fixed

                                                                3.13%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                2.68%
                                                                  
                                                                -0.07

10YR Treasury

                                                                0.83%
                                                                  
                                                                +0.0793

FNMA 30YR 3.5

                                                                105.31
                                                                  
                                                                -0.16

FNMA 15YR 2.5

                                                                105.25
                                                                  
                                                                -0.03

View Today's Rates

Thursday June 4, 2020

Mortgage Rate Watch - 4:17PM

Mortgage Rates Not Panicking Yet, But That Could Always Change

Mortgage rates are directly tied to the bond market. This isn't too much of a surprise considering pretty much anything with an interest rate can be traced back to the bond market. ...

MBS Commentary - 4:15PM

MBS RECAP: Big Risks Ahead For Rates and Some Solid Opporunities Right Now

Big Risks Ahead For Rates and Some Solid Opporunities Right Now Treasury yields broke one important ceiling yesterday (.74%) and another today at .79% before finding support at .823 ...

MND NewsWire - 2:11PM

Pandemic's Disproportionate Effects on Housing Supply, Affordability

The Urban Institute says that homes categorized as low priced, that is in the bottom 20 percent of the distribution, appreciated 126 percent between the turn of the century and the ...

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Reuters - 2:14PM
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Frantic' New Yorkers Snatch Up Unwanted Homes in the Suburbs
Reuters - 1:51PM
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Reuters - 11:23AM
For U.S. economy, the bottom may be here, but the rebound is slow so far
Reuters - 10:08AM
Statement from the ECB following policy meeting
Calculated Risk Blog - 9:45AM
Trade Deficit increased to $49.4 Billion in April
Reuters - 9:23AM
ECB's super stimulus salvo sends stocks, euro higher
CNBC - 8:32AM
US weekly jobless claims total 1.877 million, vs 1.775 million expected
CNBC - 8:20AM
Coronavirus live updates: U.S. hospitalizations on the rise, former FDA chief says
CNBC - 8:06AM
European Central Bank ramps up its pandemic bond buying to 1.35 trillion euros

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.13%

+0.03

15 Yr FRM

2.68%

-0.07

FHA 30 Year Fixed

2.65%

-0.09

Jumbo 30 Year Fixed

4.05%

-0.20

5/1 Yr ARM

3.26%

+0.01

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

105.17

-0.09

30YR UMBS 3.5

105.31

-0.16

30YR GNMA 3.0

105.64

-0.05

30YR GNMA 3.5

105.91

-0.05

15YR FNMA 3.0

105.25

-0.03

15YR FNMA 2.5

104.53

-0.08

Treasuries

Yield

Change

2 YR

0.1979%

+0.0060

5 YR

0.4084%

+0.0445

10 YR

0.8251%

+0.0793

30 YR

1.6353%

+0.1021

Prices as of: 6/4/2020 5:05PM 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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