Daily Newsletter: Forbearances Tick Up; Relief Extended; Brutal Week For Rates But There's Hope (Hopefully)

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30 Year Fixed 3.27%   +0.00 15 Year Fixed 2.64%   -0.11 10YR Treasury 1.41%   -0.1237 View Today's Rates

Friday February 26, 2021 Mortgage Rate Watch - 5:49PM Brutal Week For Rates But There's Hope (Hopefully) Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We've certainly been discussing it in recent newsletters ... MND NewsWire - 2:42PM Forbearances Post Typical Mid-Month Increase Black Knight reports a second increase in the number of loans in pandemic related forbearance plans in as many weeks. Forborne loans rose by 21,000 during the week ended February 23 ... MND NewsWire - 9:11AM Fannie/Freddie COVID Programs Extended to Match FHA, VA Deadlines Deadlines for COVID-19 related relief for borrowers with Fannie Mae and Freddie Mac (GSE) mortgages were extended by the Federal Housing Finance Agency (FHFA) for the second time in ... MND NewsWire - 9:15AM Freddie Mac's 12-Month Portfolio Growth Nears Half Trillion Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1 percent in January compared to a 22.4 percent gain in December. The portfolio ... Lenders Hiring MLOs; Correspondent, Tech, Servicing, Tech Products; What you Should Know About Yesterday's Rate Move Pending Home Sales Post 5th Straight Loss Latest Video February consumer sentiment comes in at 76.8, matching expectations Cashin: There are fears the Fed has lost control of the bond market The 9am Bond Report - February 26, 2021 More News from 'Around the Web' CNBC - 1:28PM Art Cashin expects more stock pain as traders worry about Fed losing control of bond market Calculated Risk Blog - 1:27PM NY Times Upshot: "Where Have All the Houses Gone?" Reuters - 1:27PM U.S. CDC says trend of decline in COVID-19 cases may be stalling Reuters - 12:45PM Fiscal stimulus fires up U.S. consumer spending; inflation benign Calculated Risk Blog - 9:59AM Personal Income increased 10.0% in January, Spending increased 2.4% Federal Reserve - 9:59AM Clarida, U.S. Economic Outlook and Monetary Policy Calculated Risk Blog - 8:35AM Freddie Mac: Mortgage Serious Delinquency Rate decreased in January Reuters - 8:08AM Analysis: Global bond rout turns up the heat on central banks Reuters - 8:06AM U.S. House on verge of approving Biden's $1.9 trillion COVID-19 aid bill CNBC - 8:06AM Bank of England official warns inflationary 'tiger' has awoken, sending bond yields higher Today's Rates Best Execution Rate Change 30 Yr FRM 3.27% +0.00 15 Yr FRM 2.64% -0.11 FHA 30 Year Fixed 2.88% +0.00 Jumbo 30 Year Fixed 3.50% +0.01 5/1 Yr ARM 2.44% +0.02 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 3.08% 0.46 +0.10 15 Yr. Fixed 2.56% 0.40 +0.09 30 Yr. Jumbo 3.23% 0.43 +0.12 30 Yr. FHA 3.00% 0.33 +0.07 5/1 ARM 2.83% 0.36 +0.00 Freddie Mac ** 30 Yr. Fixed 2.97% 0.60 +0.16 15 Yr. Fixed 2.34% 0.60 +0.13 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.99% 0.10 +0.22 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 2.0 100.98 +1.09 30YR UMBS 2.5 103.70 +0.86 30YR GNMA 2.0 101.67 +1.17 30YR GNMA 2.5 103.67 +0.75 15YR UMBS 2.0 103.42 +0.58 15YR UMBS 2.5 104.48 +0.30 Treasuries Yield Change 2 YR 0.1289% -0.0490 5 YR 0.7297% -0.0901 10 YR 1.4066% -0.1237 30 YR 2.1542% -0.1437 Prices as of: 2/26/2021 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. © 2021 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Pending Home Sales Post 5th Straight Loss; Mortgage Rates Well Over 3 Percent

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30 Year Fixed 3.27%   +0.13 15 Year Fixed 2.75%   +0.12 10YR Treasury 1.53%   +0.1581 View Today's Rates

Thursday February 25, 2021 MND NewsWire - 10:47AM Pending Home Sales Post 5th Straight Loss January marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline in its Pending Home Sales Index (PHSI). The index, based on newly ... MBS Commentary - 10:37AM MBS Day Ahead: Just When You Thought It Wouldn't Get Much Worse It got much worse. Bond yields were up more than 8bps by the open with the 10yr just a hair under 1.47%. It might be hard for traders to avoid ringing the 1.50% bell even if bonds manage ... Mortgage Rate Watch - 5:28PM Mortgage Rates Are Now Well Over 3 Percent Mortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey. Freddie's data is accurate when it comes to capturing broad trends over time ... MBS RECAP: Video Time Corresponds With Market Drama (Today's is 22 min.) Ops, MLO Jobs; Cap. Mkts., Valuation, Default, Fulfillment Tools; Technology and Processing Notes Latest Video The 9am Bond Report - February 25, 2021 Carlyle's Rubenstein: High unemployment is a bigger economic risk than market speculation Fed Chair Powell has a bond dilemma as the economy recovers More News from 'Around the Web' CNBC - 2:11PM Stocks just got some new competition from bonds as 10-year rate tops dividend yield CNBC - 2:11PM Here's why jobless claims are the wrong way to understand unemployment in the U.S. CNBC - 1:39PM Why stock investors are starting to really worry about rising bond yields Calculated Risk Blog - 11:48AM Hotels: Occupancy Rate Declined 23.8% Year-over-year Calculated Risk Blog - 10:01AM Q4 GDP Growth Revised up slightly to 4.1% Annual Rate CNBC - 8:34AM U.S. weekly jobless claims total 730,000, vs 845,000 estimate Reuters - 8:34AM Stocks rise, bond yields too - despite central banker talk-down efforts CNBC - 8:03AM 10-year Treasury yield moves higher ahead of fourth-quarter GDP update Today's Rates Best Execution Rate Change 30 Yr FRM 3.27% +0.13 15 Yr FRM 2.75% +0.12 FHA 30 Year Fixed 2.88% +0.13 Jumbo 30 Year Fixed 3.49% +0.01 5/1 Yr ARM 2.42% +0.13 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 3.08% 0.46 +0.10 15 Yr. Fixed 2.56% 0.40 +0.09 30 Yr. Jumbo 3.23% 0.43 +0.12 30 Yr. FHA 3.00% 0.33 +0.07 5/1 ARM 2.83% 0.36 +0.00 Freddie Mac ** 30 Yr. Fixed 2.97% 0.60 +0.16 15 Yr. Fixed 2.34% 0.60 +0.13 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.99% 0.10 +0.22 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 2.0 99.89 -1.14 30YR UMBS 2.5 102.84 -0.94 30YR GNMA 2.0 100.50 -1.23 30YR GNMA 2.5 102.92 -0.80 15YR UMBS 2.0 102.84 -0.56 15YR UMBS 2.5 104.19 -0.31 Treasuries Yield Change 2 YR 0.1779% +0.0529 5 YR 0.8198% +0.2177 10 YR 1.5303% +0.1581 30 YR 2.2979% +0.0730 Prices as of: 2/25/2021 5:05PM 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. © 2021 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Mortgage Apps Tumble as Rates Surge; New Home Sales Still Strong

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30 Year Fixed 3.14%   +0.02 15 Year Fixed 2.63%   +0.06 10YR Treasury 1.37%   +0.0290 View Today's Rates

Wednesday February 24, 2021 MND NewsWire - 8:43AM Mortgage Application Volume Continues Decline The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA ... Mortgage Rate Watch - 4:33PM Highest Mortgage Rates Since June 2020 As of today, you'd have to go back to June 2020 to see higher mortgage rates. This is courtesy of an ongoing move in the bond market that has longer-term rates/yields surging higher ... MND NewsWire - 12:28PM New Home Sales on the Rise 4.3% in January New home sales continued the turnaround, started in December, that ended three straight months of slowing sales. The U.S. Census Bureau and Department of Housing and Urban Development ... MBS Commentary - 9:49AM MBS Day Ahead: It Was a Trap... Don't Expect Stocks to Save Us Yesterday saw yields hold at just slightly lower highs on an intraday basis, thus offering a glimmer of hope for a bond bounce. We discussed the risk that this was a trap, and so far ... MBS RECAP: Is It Another Trap and Which Coupon Do I Watch Now? Delinquency Rate Lowest in COVID Era; but Lingering Risks Remain MLO Jobs; Servicing, Customer Service, Decisioning, Retention Tools; Events and Training This Week Latest Video Bond markets react to Powell comments on Capitol Hill The 9am Bond Report - February 24, 2021 New home sales jump 4.3% in January, vs. 0.9% expected More News from 'Around the Web' CNBC - 4:29PM Biden administration may undo certain Trump-era mortgage rules Reuters - 4:20PM Fedwire resumes operations after hourslong disruption Calculated Risk Blog - 2:38PM AIA: "Architecture Billings continue to contract" in January Reuters - 2:15PM Wall Street regains footing after Powell calms inflation jitters CNBC - 10:02AM Watch live: Fed Chair Powell testifies before House panel CNBC - 8:07AM European markets mostly higher as investors digest Fed outlook, German data Reuters - 8:06AM U.S. House plans vote on COVID-19 aid bill on Friday CNBC - 8:06AM Treasury yields rise slightly ahead of Fed Chair Powell's second congressional testimony CNBC - 4:52PM Commentary: The Fed has a simple tool it can deploy to curb market speculation Today's Rates Best Execution Rate Change 30 Yr FRM 3.14% +0.02 15 Yr FRM 2.63% +0.06 FHA 30 Year Fixed 2.75% +0.13 Jumbo 30 Year Fixed 3.48% +0.03 5/1 Yr ARM 2.29% +0.04 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 3.08% 0.46 +0.10 15 Yr. Fixed 2.56% 0.40 +0.09 30 Yr. Jumbo 3.23% 0.43 +0.12 30 Yr. FHA 3.00% 0.33 +0.07 5/1 ARM 2.83% 0.36 +0.00 Freddie Mac ** 30 Yr. Fixed 2.81% 0.70 +0.08 15 Yr. Fixed 2.21% 0.70 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.77% 0.20 -0.02 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 2.0 101.03 -0.33 30YR UMBS 2.5 103.78 -0.27 30YR GNMA 2.0 101.73 -0.38 30YR GNMA 2.5 103.72 -0.09 15YR UMBS 2.0 103.41 -0.16 15YR UMBS 2.5 104.50 -0.05 Treasuries Yield Change 2 YR 0.1250% +0.0141 5 YR 0.6021% +0.0325 10 YR 1.3722% +0.0290 30 YR 2.2249% +0.0463 Prices as of: 2/24/2021 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. © 2021 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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