| Friday April 10, 2020 MBS Commentary - 3:37PM The Fed announced new lending programs totaling $2.3 trillion this morning. The Fed had recently alluded to "additional tools" at its disposal to support the economy even after it had ... MBS Commentary - 12:08PM Any discussion about the challenges faced by a particular industry or even by a particular household requires the same acknowledgement right up front: the most devastating pandemic ... Mortgage Rate Watch - 4:55PM The most important ingredient in the mortgage market is the presence of homeowners--prospective or otherwise--with the means and desire to make monthly payments. That fact invites investors ...  | "Justyn, if loan originators could change the way that worked, they would. "The mortgage industry" is comprised of multiple sub-industries. In this case, we're dealing with credit reporting practices combined with automated underwriting algorithms that have not yet been adjusted for the new reality. I..." |  | "One of the best explanations for what's going on I've seen."Forbearance for everyone" is simply not sustainable, and will ultimately hurt those who need it most as they sit on the phone for hours trying to reach their servicer because those who can pay it are asking for a payment holiday. Demonizing..." | | | "The 15yr thing is pretty confusing, but there are several things to consider. First off, liquidity is at a premium right now, and that goes for the bonds that underlie mortgages too. 30yr varieties are in much higher supply and much easier to sell to the Fed. More demand = lower rates, relatively. Then..." |
| Today's Rates | 30 Yr FRM | 3.25% | -0.09 | | 15 Yr FRM | 3.00% | -0.25 | | FHA 30 Year Fixed | 3.35% | +0.10 | | Jumbo 30 Year Fixed | 4.36% | +0.03 | | 5/1 Yr ARM | 4.13% | -0.25 | | |
Average Mortgage Rates | 15 Yr. Fixed | 0.00% | 0.00 | +0.00 | | 30 Yr. Fixed | 0.00% | 0.00 | +0.00 |
| 30 Yr. Fixed | 3.57% | 0.26 | -0.16 | | 15 Yr. Fixed | 3.03% | 0.24 | -0.15 | | 30 Yr. Jumbo | 3.72% | 0.20 | +0.00 | | 30 Yr. FHA | 3.74% | 0.25 | -0.10 | | 5/1 ARM | 3.12% | 0.14 | -0.09 |
| 30 Yr. Fixed | 3.33% | 0.70 | +0.00 | | 15 Yr. Fixed | 2.77% | 0.60 | -0.05 | | 1 Yr. ARM | 2.68% | 0.20 | +0.01 | | 5/1 Yr. ARM | 3.40% | 0.30 | +0.00 | * FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. |
Secondary Markets | 30YR UMBS 3.0 | 105.83 | +0.23 | | 30YR UMBS 3.5 | 105.95 | -0.03 | | 30YR GNMA 3.0 | 106.58 | 0.00 | | 30YR GNMA 3.5 | 107.27 | -0.08 | | 15YR FNMA 3.0 | 105.33 | +0.09 | | 15YR FNMA 2.5 | 104.36 | +0.06 |
| 2 YR | 0.2314% | -0.0246 | | 5 YR | 0.4109% | -0.0605 | | 10 YR | 0.7286% | -0.0420 | | 30 YR | 1.3529% | -0.0248 | | Prices as of: 4/9/2020 2:06PM EST | 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 |
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