Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows . Averages aside, several lenders are slightly higher than they were on Friday. Either way, the movement was minimal over the weekend. Beyond that, no conversation about all-time low rates would be complete without several of these recently relevant caveats: 1. Different borrowers will see different pricing. This sort of goes without saying, but it's much more pronounced than it has been before coronavirus. Specifically, we're talking about the big differences in mortgage rate quotes for borrowers with certain combinations of risk factors. These include things like investment properties, cash-out, higher loan-to-value ratios, and the like. The all-time low rates seen in 2012

June 29, 2020 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Continue at All-Time Lows, But Caveats Remain Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows . Averages aside, several lenders are slightly higher than they were on Friday. Either way, the movement was minimal over the weekend.... (read more) MBS Commentary MBS Live Recap: Lock vs Float Considerations With Rates at All-Time Lows Lock vs Float Considerations With Rates at All-Time Lows Stocks and bond yields are still in holding patterns relative to early June volatility.  Meanwhile, mortgage rates are at all-time lows.  The... (read more) Housing News Supreme Court Rules Single CFPB Director Unconstitutional The Supreme Court, in a 5-4 decision along partisan lines, took a chunk out of the intentions the Dodd-Frank Act had for the Consumer Financial Protection Bureau (CFPB) when it created it. The court ruled that the single-director structure of the age... (read more) Housing News Record Surge in Pending Home Sales Lawrence Yun, chief economist for the National Association of Realtors® (NAR), predicted last month that April's home sales contract activity "will be the lowest point for pending sales." That turns out to have been a huge understatement--at leas... (read more) Rob Chrisman MSR, Marketing, Leads Products; Training and Webinars From Home Does this mean we can no longer say, “Hindsight is always 2020”?! It’s too bad that the Tiger King is the most normal thing about 2020. For the people who still think it is a hoax, and pushing for your right to not wear a mask aroun... (read more) Housing News Surge in Forbearances This Week After three weeks of declining totals, Black Knight says the number of active COVID-19 forbearance plans shot up over the past week. As of June 23, there were 4.68 million homeowners in forbearance, an increase of 79,000 from the prior week. This sur... (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: 7/3 8:56PM 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: 7/3 8:56PM EST Latest Video Powell: Recovery path is 'extraordinarily uncertain' U.S. Supreme Court backs challenge to the structure of the CFPB Pending home sales jump 44.3% from April to May Gilead sets US price for Covid-19 drug remdesivir at $3,120 for typical tre... Around the Web NAR - Realtor.com Millions of American Homes at Greater Flood Risk Than Government Estimates, New Study Says Calculated Risk Blog Update: Framing Lumber Future Prices Up Year-over-year CNBC Nearly half the U.S. population is without a job, showing how far the labor recovery has to go CNBC More states reverse or slow reopening plans as coronavirus cases climb CNBC Supreme Court leaves CFPB intact but backs president's ability to fire director Calculated Risk Blog Six High Frequency Indicators for a Recovery CNBC ECB could boost bond buying by another trillion euros, economist projects Calculated Risk Blog Additional Disaster Relief Redfin 9 Tips for Selling Your Home During Coronavirus CNBC The extra $600 unemployment benefits will end before July 31 CNBC Fragile economic recovery faces first big test with June jobs report in the week ahead CNBC Coronavirus contact tracing is 'not going well,' Dr. Fauci says, U.S. still needs more testing NAR - Realtor.com While Not Quite McMansions, Larger Homes in the U.S. Are Making a Comeback

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