Mortgage rates hit new all-time lows last week. In fact, for many lenders, records were broken on more than one day. That raised the risk of a bounce back this week and if today is any indication, that's what we're seeing. The average lender is back in line with last Tuesday's rate offerings for top tier conventional 30yr fixed scenarios. All that having been said, rate movement is pretty minimal by normal standards as the bond market (which underlies interest rate momentum) has been relatively calm and sideways after coming to terms with the initial shock of the coronavirus market impact. In many cases, borrowers would see the same note rate they saw last Friday (in those cases, the upfront costs associated with that rates would likely be slightly higher). Loan Originator Perspective Bonds

May 26, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Moving Higher to Start New Week Mortgage rates hit new all-time lows last week. In fact, for many lenders, records were broken on more than one day. That raised the risk of a bounce back this week and if today is any indication, that's what we're seeing. The average lender is back ... (read more) Housing News April New Home Sales Crush Forecasts New home sales, rather than dropping like a rock, rose 0.6 percent in April according to the U.S. Census Bureau and the Department of Housing and Urban Development. Part of the gain is due to a revision of the March sales numbers from an original est... (read more) MBS Commentary MBS Live Week Ahead: Beatings Can Continue Until Market Morale Deteriorates No need to overcomplicate the current narrative: the overall financial market is attempting to balance the reopening of the economy with the risk of COVID resurgence, all the while receiving a boost from massive global stimulus efforts.  No mat... (read more) Housing News Home Prices Still Moved Higher in March Even as the COVID-19 pandemic began to hobble home sales in many locations, home prices continued to increase. the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) held to its 5.7 percent gains the prior month while the S&P CoreL... (read more) Rob Chrisman Broker, eSign, Marketing Products; USDA, FHA, Freddie, Fannie News and Trends I doubt if I have ever pressed “7” or “8” on my microwave oven keypad. Speaking of 7 & 8 (I know, a weak segue), originators are keenly aware of what builders are seeing, economy-wise, and 78 percent of them did not lower ... (read more) Housing News First Wave of Forbearances Almost Doubles Delinquency Rates The years-long downward trend of mortgage delinquencies appears to have come to an abrupt end in April. Black Knight, in its "first look" at the month's loan performance data, said the national delinquency rate shot up 90 percent compared to March an... (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: 7/6 7:15PM 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: 7/6 7:15PM EST Latest Video New home sales strongest in homes priced below $300,000 Dimon: Fed is bringing out the bazooka There's a lot of pent up consumer demand, says APi Group co-chairman New home sales for April come in much stronger than expected Around the Web CNBC Stimulus will add to high debt levels but alternative is 'much worse,' ECB vice president says Calculated Risk Blog A few Comments on April New Home Sales Reuters S&P 500 clears 3,000 barrier on hopes of recovery, vaccine Calculated Risk Blog Dallas Fed: "Contraction Continues in Texas Manufacturing Sector" CNBC Consumer confidence for May rises to 86.6, vs 82.3 expected CNBC Related Chairman Stephen Ross: Expect a 'flood' of retail bankruptcies because of the pandemic Calculated Risk Blog Case-Shiller: National House Price Index increased 4.4% year-over-year in March Calculated Risk Blog "Chicago Fed National Activity Index suggests economic growth fell substantially in April" Reuters NYSE to reopen trading floor closed by coronavirus Reuters U.S. small firms leave $150 billion in coronavirus stimulus untapped Calculated Risk Blog Seasonal Adjustment Weirdness: Will State and Local Governments Hire 700,000 Teachers in June and July? Calculated Risk Blog Q2 GDP Forecasts: Probably Around 40% Annual Rate Decline CNBC At first, some mortgage bailout recipients didn't need it, but now more do

© 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.