| Thursday June 11, 2020 Mortgage Rate Watch - 5:03PM Mortgage Rates Below 3% For 1st Time Ever (But Not For Everyone) Mortgage rates plunged well into new all-time lows today. This is a striking turn of events given the vastly different outlook at the end of last week. Specifically, a series of strong ... MND NewsWire - 11:38AM Equity Cushion May Prevent Another Housing Crisis Home equity reports have not been particularly interesting over the last few years. Home prices kept rising, owners kept whittling down their loan-to-value (LTV) ratios and avoiding ... MBS Commentary - 4:53PM MBS RECAP: Bonds Back in Business; More New All-Time Low Rates Bonds Back in Business; More New All-Time Low Rates What a difference a week makes! Last week, the order of the day was to lament the negative momentum shift that took bond yields up ... LO, Training Jobs; Construction, VA IRRRL, Loss Mit Programs; No "V-shaped" Recovery MBS Day Ahead: Bonds Confirm Reentry Into The Range Latest Video More News from 'Around the Web' CNBC - 4:55PM Quicken Loans, the largest U.S. mortgage lender, is planning an IPO, sources say www.realtor.com - 3:46PM What Recession? Summer Home-Buying Season Heats Up as Prices Surge Reuters - 2:36PM A month into reopening, no clear turn for U.S. economy or pandemic Calculated Risk Blog - 2:16PM Houston Real Estate in May: Sales Down 20.7% YoY, Inventory Down 8.3% YoY eyeonhousing.org - 2:16PM Building Materials Prices Move Higher in May Reuters - 1:56PM Dow slumps 5% on fears of spurt in virus infections, economic worries CNBC - 1:54PM Manhattan's empty apartments: New leases plunge 62% in May CNBC - 12:00PM Mortgage rates set new record low, falling below 3% as concerns rise about coronavirus second wave Calculated Risk Blog - 11:16AM Hotels: Occupancy Rate Declined 45.3% Year-over-year, Eighth Consecutive Week of Slightly Higher Demand CNBC - 10:13AM Treasury Secretary Mnuchin says 'we can't shut down the economy again' Calculated Risk Blog - 9:56AM CoreLogic: 1.8 Million Homes with Negative Equity in Q1 2020 CNBC - 8:34AM US weekly jobless claims total 1.542 million, vs 1.6 million estimate CNBC - 8:14AM Dems, GOP continue to spar over extension of extra $600 in unemployment benefits CNBC - 8:06AM Treasury yields fall after gloomy Fed outlook | Today's Rates Average Mortgage Rates | 15 Yr. Fixed | 0.00% | 0.00 | +0.00 | | 30 Yr. Fixed | 0.00% | 0.00 | +0.00 |
| 30 Yr. Fixed | 3.37% | 0.30 | -0.05 | | 15 Yr. Fixed | 2.85% | 0.27 | -0.02 | | 30 Yr. Jumbo | 3.66% | 0.30 | -0.05 | | 30 Yr. FHA | 3.46% | 0.23 | +0.05 | | 5/1 ARM | 3.05% | 0.25 | -0.03 |
| 30 Yr. Fixed | 3.21% | 0.90 | +0.03 | | 15 Yr. Fixed | 2.62% | 0.80 | +0.00 | | 1 Yr. ARM | 2.68% | 0.20 | +0.01 | | 5/1 Yr. ARM | 3.10% | 0.40 | +0.00 | Current Mortgage Rates »* 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 | 105.47 | +0.05 | | 30YR UMBS 3.5 | 105.33 | -0.11 | | 30YR GNMA 3.0 | 106.05 | +0.09 | | 30YR GNMA 3.5 | 106.03 | +0.05 | | 15YR FNMA 3.0 | 105.56 | -0.03 | | 15YR FNMA 2.5 | 104.78 | -0.16 |
| 2 YR | 0.2006% | +0.0279 | | 5 YR | 0.3198% | -0.0047 | | 10 YR | 0.6657% | -0.0705 | | 30 YR | 1.4006% | -0.1152 | | Prices as of: 6/11/2020 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:
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