2021 to see First Home Price Decline in 9 Years; Only Reason Rates Have Been Moving Lower

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30 Year Fixed

                                                                3.05%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.70%
                                                                  
                                                                -0.01

10YR Treasury

                                                                0.68%
                                                                  
                                                                +0.0146

FNMA 30YR 3.5

                                                                105.55
                                                                  
                                                                -0.02

FNMA 15YR 2.5

                                                                105.34
                                                                  
                                                                +0.03

View Today's Rates

Tuesday June 2, 2020

MND NewsWire - 11:02AM

CoreLogic Expects 2021 to see First Home Price Decline in 9 Years

CoreLogic's report on April home prices, the first for that month, says that despite fears that home prices would "bottom out like they did in the Great Recession," they continued to ...

MBS Commentary - 3:11PM

MBS RECAP: Here's The Only Reason Mortgage Rates Have Moved Lower Recently

Here's The Only Reason Mortgage Rates Have Moved Lower Recently "Because they were so much higher than they should have been in March and April..." Seriously, that's the reason mortgage ...

MND NewsWire - 8:21AM

April Construction Spending Still Besting 2019 Numbers

Overall spending on construction fell in April, down 2.9 percent to a seasonally adjusted annual rate of $1.346 trillion from 1.387 trillion. This still left the rate 3.0 percent higher ...

Latest Video

First annual home value drop in nine years predicted

Redfin CEO: People are refiguring where they want to live

Central banks are in a lose-lose-lose situation, says Allianz's Mohamed El-Erian

More News from 'Around the Web'

www.realtor.com - 3:10PM
People Rent By-the-Hour Spaces to Escape Loved Ones, Homes During Lockdown
CNBC - 3:09PM
Wells Fargo, worried about defaults, stops making loans to most independent car dealerships
Reuters - 1:30PM
S&P 500, Dow scale fresh three-month peaks
CNBC - 12:27PM
Treasury slaps fresh sanctions on entities supporting Venezuela's oil sector and Maduro regime
eyeonhousing.org - 10:29AM
HBGI: Increased Home Building in Lower-Density Markets Ahead
CNBC - 10:00AM
GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge
Reuters - 9:39AM
Exclusive: U.S. small business program handed out virus aid to many borrowers twice
Calculated Risk Blog - 8:52AM
CoreLogic: House Prices up 5.4% Year-over-year in April
CNBC - 8:06AM
That $600 in extra unemployment benefits is likely going away. Here's what could take its place

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.05%

+0.01

15 Yr FRM

2.70%

-0.01

FHA 30 Year Fixed

2.68%

-0.02

Jumbo 30 Year Fixed

4.29%

-0.01

5/1 Yr ARM

3.29%

-0.04

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

3.42%

0.33

+0.01

15 Yr. Fixed

2.87%

0.30

-0.01

30 Yr. Jumbo

3.71%

0.29

+0.05

30 Yr. FHA

3.41%

0.30

-0.05

5/1 ARM

3.08%

0.01

-0.11

Freddie Mac **

30 Yr. Fixed

3.15%

0.80

-0.09

15 Yr. Fixed

2.62%

0.70

-0.08

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.13%

0.40

-0.04

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

105.36

+0.06

30YR UMBS 3.5

105.55

-0.02

30YR GNMA 3.0

105.69

-0.06

30YR GNMA 3.5

105.92

+0.05

15YR FNMA 3.0

105.34

+0.03

15YR FNMA 2.5

104.67

+0.06

Treasuries

Yield

Change

2 YR

0.1702%

+0.0099

5 YR

0.3211%

+0.0111

10 YR

0.6819%

+0.0146

30 YR

1.4820%

+0.0168

Prices as of: 6/2/2020 4:09PM 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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