Home Sales at 14-Year High; Equity Surging; Refresher on Refi Fee's Rate Hit

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30 Year Fixed

                                  3.05%
                                    
                                  -0.01

15 Year Fixed

                                  2.68%
                                    
                                  +0.00

10YR Treasury

                                  0.67%
                                    
                                  +0.0017

FNMA 30YR 3.5

                                    105.30
                                      
                                    +0.05

FNMA 15YR 2.5

                                    104.91
                                      
                                    0.00

View Today's Rates

Tuesday September 22, 2020

MND NewsWire - 11:26AM

Home Sales Surge to Best Levels in 14 Years

Existing home sales continued on a roll for the third consecutive month, hitting the highest level in August since December 2006. The National Association of Realtors® (NAR) said ...

MND NewsWire - 10:24AM

Homeowner Equity Surged in Q2

There was another big surge in the amount of equity on the balance sheets of American homeowners in the second quarter of this year. CoreLogic reports that the 4.3 percent gain in home ...

Mortgage Rate Watch - 4:55PM

Refresher on The New Refi Fee and Its Effect on Mortgage Rates

Fannie Mae and Freddie Mac are the two government sponsored agencies that guarantee timely payment of principal and interest to the investors who front the money that finances the American ...

MBS Commentary - 4:37PM

MBS RECAP: Floating, Locking, and Reasons For Sideways Rates (Including Politics)

Stocks vs Bonds; Bonds vs Supply There's a fairly strong case to be made for stock market weakness helping bond yields remain lower than they otherwise might be in September. As such ...

Latest Video

Bulk of market sell-off is due to disappointing Fed communication: Strategist

Fed chair Powell responds to questions about bank bailouts and business lending problems

More fiscal support is needed: Jerome Powell

More News from 'Around the Web'

eyeonhousing.org - 1:19PM
Home Values, Owners' Equity Rise in 2Q20
Calculated Risk Blog - 1:19PM
MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 6.93%"
webfeeds.brookings.edu - 1:19PM
An Eviction Moratorium without Rental Assistance Hurts Smaller Landlords, Too
CNBC - 11:12AM
$300 unemployment benefits end in at least 9 states as stimulus hopes fade
CNBC - 8:33AM
If you're home-rich but cash-poor, here's what to know about reverse mortgages
Calculated Risk Blog - 8:04AM
Fed's Flow of Funds: Household Net Worth Increased $6.2 Trillion in Q2
CNBC - 8:03AM
Powell pledges the Fed's economic aid 'for as long as it takes'
www.redfin.com - 8:02AM
Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers' Priorities

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.05%

-0.01

15 Yr FRM

2.68%

+0.00

FHA 30 Year Fixed

2.50%

+0.00

Jumbo 30 Year Fixed

3.40%

-0.02

5/1 Yr ARM

2.90%

-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

3.07%

0.32

+0.00

15 Yr. Fixed

2.61%

0.35

-0.01

30 Yr. Jumbo

3.41%

0.27

+0.01

30 Yr. FHA

3.16%

0.35

+0.00

5/1 ARM

3.20%

0.58

+0.21

Freddie Mac **

30 Yr. Fixed

2.87%

0.80

+0.01

15 Yr. Fixed

2.35%

0.80

-0.02

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.96%

0.30

-0.15

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

104.72

+0.06

30YR UMBS 3.5

105.30

+0.05

30YR GNMA 3.0

104.17

0.00

30YR GNMA 3.5

104.81

+0.06

15YR UMBS 3.0

104.91

0.00

15YR UMBS 2.5

104.25

0.00

Treasuries

Yield

Change

2 YR

0.1371%

-0.0020

5 YR

0.2659%

-0.0032

10 YR

0.6708%

+0.0017

30 YR

1.4207%

+0.0026

Prices as of: 9/22/2020 5:06PM 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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