Mortgage rates had another solid day today--this time without any of the early drama seen yesterday. If you're just getting caught up, the bond market (which drives day-to-day interest rate movement) has been selling off aggressively since the Jan 5th Georgia senate election. When bonds sell-off, it means bond PRICES are getting lower and bond YIELDS (aka RATES) are getting higher. The GA election sparked the move because it gave democrats total control of the government, thus making it easier to pass legislation--especially as it concerns some sort of upgrade to the most recent round of covid-relief stimulus. Covid-relief stimulus may do great things for people in the short term and for the economy in the longer term, but it does bad things for interest rates (assuming you like low rates,

January 19, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman IT, AE Jobs; Jumbo, Origination, Productivity Tools; Thoughts on the CFPB Nominee; Training and Events Sometimes running a mortgage compliance department can seem like this short clip Indiana’s Carol K. sent along. Yet there is value in compliance, and it is good that lenders and servicers are much more cognizant of rules and regulations than we... (read more) Mortgage Rate Watch Mortgage Rates Continue Healing, But Remain Well Above Recent Lows Mortgage rates had another solid day today--this time without any of the early drama seen yesterday. If you're just getting caught up, the bond market (which drives day-to-day interest rate movement) has been selling off aggressively since the Jan 5t... (read more) Housing News Freddie Mac First Quarter Projections: Steady as They Go Freddie Mac's first quarter 2021 economic forecast is unusually short, and, unlike recent forecasts from either of the GSEs, has relatively few revisions. The company's economists say that nearly a year after the first cases of COVID-19 were diagnose... (read more) Housing News Improvements in Forbearance Continue to Slow A decline in the number of forborne loans in those portfolios serviced for banks and private label securities (PLS) accounted for most of the modest downturn in overall numbers last week. Black Knight said the number of active plans dropped by 9,000 ... (read more) Housing News Post-2008 Standardized Practices Have Helped Manage Forbearances Fannie Mae said that the standardization of servicing standards that followed the 2008 housing crisis appears to have helped the industry manage the recent flood of COVID-19 forbearance plans. The company included a series of questions about forbeara... (read more) MBS Commentary MBS Live Recap: Uneventful Start This Week; Next Move Remains Debatable Uneventful Start This Week; Next Move Remains Debatable Bonds began the day in weaker territory but rallied back to nearly unchanged levels after several comments from inbound Treasury Secretary Janet Yellen.... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 100.03 +0.22 Price / Yield Change MBS UMBS 5.5 100.02 +0.21 UMBS 6.0 101.66 +0.15 GNMA 5.5 100.08 +0.09 GNMA 6.0 101.48 +0.12 Pricing as of: 6/30 5:42PM EST 10 Year US Treasury 4.2290 -0.0523 Price / Yield Change US Treasury 2 YR Treasury 3.727 -0.023 5 YR Treasury 3.801 -0.034 7 YR Treasury 3.994 -0.041 10 YR Treasury 4.232 -0.049 30 YR Treasury 4.782 -0.049 Pricing as of: 6/30 5:42PM EST Latest Video Treasury nominee Yellen says U.S. can afford a higher corporate tax rate if... Rates could go up quite a bit more: Equity strategist Mike Wilson The Bond Report - 9am - 01/19/21 What Biden Treasury Secretary nominee Janet Yellen plans to tell Congress Around the Web CNBC Five key takeaways from Janet Yellen's Treasury confirmation hearing Calculated Risk Blog Update Then and Now: With Column Excluding Pandemic Calculated Risk Blog Lawler: Early Read on Existing Home Sales in December news.google.com Treasury nominee Yellen says U.S. can afford higher corporate tax rate if it coordinates with other countries - CNBC NPR Yellen Urges Congress To 'Act Big' To Prop Up Pandemic-Scarred Economy Calculated Risk Blog Then and Now CNBC The average FICO score is 711. Here's what the number means and how you can get a higher rating CNBC Watch Janet Yellen speak live during her confirmation hearing as Treasury Secretary NAHB Eye on Housing Continued Gains for November Single-Family Permits Calculated Risk Blog A Positive Note from Merrill: "A light at the end of the COVID cave" CNBC Treasury yields rise ahead of Yellen's Senate speech NAHB Eye on Housing Led by Lumber, Building Materials Prices Climb 5.4% in 2020 NAHB Eye on Housing Operation Costs per Dollar Value Lower for New Homes

© 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.