New Home Sales Explode; HUD Kills Fair Housing Rule; How Low Can We Go?

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30 Year Fixed

                                  2.89%
                                    
                                  +0.02

15 Year Fixed

                                  2.54%
                                    
                                  +0.01

10YR Treasury

                                  0.58%
                                    
                                  +0.0065

FNMA 30YR 3.5

                                    105.22
                                      
                                    -0.09

FNMA 15YR 2.5

                                    104.81
                                      
                                    -0.02

View Today's Rates

Friday July 24, 2020

MND NewsWire - 11:00AM

New Home Sales Explode Back to Pre-Pandemic Levels

New Home sales have done it again, rising for the third straight month. The U.S. Census Bureau and Department of Housing and Urban Development estimate that newly constructed single ...

MND NewsWire - 10:50AM

HUD Eliminates Obama Era Fair Housing Rule

It had been threatened from the beginning of the Trump administration, but this week the hammer fell. U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson has ...

MND NewsWire - 9:50AM

Fannie/Freddie Borrowers Continue to Exit Forbearance

Black Knight notes a slight increase in the number of forbearance plans in effect this week even as the number of forborne loans serviced for the GSEs (Fannie Mae and Freddie Mac) dropped ...

Mortgage Rate Watch - 4:16PM

How Low Can Rates Eventually Go?

The bond market saw yet another week with rates in a holding pattern at historic lows. With coronavirus being the primary motivation for rates, it wouldn't be a surprise to see indecision ...

Latest Video

Mortgage rates hit record low—Here's how it may impact banks' profitability

Emons: Negative real yields are signaling more stimulus is coming from the Fed and other global central banks

New home sales jump 13.8% in June, the highest since 2007

More News from 'Around the Web'

CNBC - 4:17PM
Nearly 25% of all loans, credit cards and mortgages are in financial hardship programs
Calculated Risk Blog - 1:46PM
July Vehicle Sales Forecast: 16% Year-over-year Decline
CNBC - 1:46PM
A second round of $1,200 stimulus checks could be coming. Here's how soon you can expect them
CNBC - 11:46AM
Mortgage rates just hit another record low, and here's how much lower they can go
CNBC - 11:45AM
Here's what we know is in the Republican coronavirus relief bill
eyeonhousing.org - 9:30AM
Real Rent Index Declined in June
Reuters - 8:17AM
Fed hoped to skirt a second virus wave. Small businesses may sink in it
CNBC - 8:16AM
Landlords are encouraged to think creatively as 28 million Americans face eviction
CNBC - 8:06AM
The $600 unemployment boost is likely ending. Here's how you can access cash now

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

2.89%

+0.02

15 Yr FRM

2.54%

+0.01

FHA 30 Year Fixed

2.38%

+0.00

Jumbo 30 Year Fixed

3.80%

+0.05

5/1 Yr ARM

2.75%

+0.00

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

3.26%

0.35

-0.03

15 Yr. Fixed

2.77%

0.32

-0.04

30 Yr. Jumbo

3.52%

0.36

-0.07

30 Yr. FHA

3.31%

0.24

-0.12

5/1 ARM

2.98%

0.10

-0.06

Freddie Mac **

30 Yr. Fixed

3.01%

0.80

+0.03

15 Yr. Fixed

2.54%

0.70

+0.06

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.09%

0.30

+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

105.28

-0.08

30YR UMBS 3.5

105.22

-0.09

30YR GNMA 3.0

105.23

-0.14

30YR GNMA 3.5

104.89

0.00

15YR UMBS 3.0

104.81

-0.02

15YR UMBS 2.5

104.69

-0.09

Treasuries

Yield

Change

2 YR

0.1494%

-0.0039

5 YR

0.2708%

+0.0017

10 YR

0.5839%

+0.0065

30 YR

1.2255%

-0.0069

Prices as of: 7/24/2020 4:23PM 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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