Daily Newsletter: Refinance Loans Continue to Dominate; Moment of Truth For Rates and Housing

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30 Year Fixed 3.12%   -0.01 15 Year Fixed 2.55%   -0.01 10YR Treasury 1.63%   -0.0156 View Today's Rates

Friday April 30, 2021 MND NewsWire - 10:55AM Refinance Loans Continue to Dominate Freddie Mac's Volume Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 27.2 percent in March compared to a 17.7 percent gain in February. The portfolio ... Mortgage Rate Watch - 6:09PM Moment of Truth For Rates and Housing This week's 6.4% reading on Q1 GDP reinforced the notion of a strong economic recovery. In turn, the recovery helps to justify the sharp move higher in rates seen during the same 3 ... MND NewsWire - 10:53AM Forbearance Totals Tick Higher The number of loans in forbearance rose over the past week, driven by increases in those held in bank portfolios and private label securities (PLS). Black Knight said the first uptick ... CRM, Ops, Consumer Direct, AE, LO Jobs; JV and MSA Updates; Redwood Trust Results; CFPB Action MBS Day Ahead: Slow Start. Green Start. MBS Outperforming Latest Video Why it's getting so expensive to build a home Fed action on rates could happen sooner, says 'Halftime' trader Taylor Morrison CEO Sheryl Palmer on red-hot housing market trends More News from 'Around the Web' Fannie Mae - 2:46PM Stimulus and Vaccinations Boost Q1 GDP and March Savings Calculated Risk Blog - 12:25PM Early Q2 GDP Forecasts: 10% CNBC - 11:20AM Soaring lumber prices add $36,000 to the cost of a new home, and a fierce land grab is only making it worse www.redfin.com - 10:00AM Housing Market Update: Home Prices Climb to New Heights as Spring Brings Little Relief to Buyers Awaiting a Supply Boost www.redfin.com - 8:41AM Newly Built Homes Make Up 26% of All Single-Family Homes for Sale—A Record High Calculated Risk Blog - 8:41AM Personal Income increased 21.1% in March, Spending increased 4.2% CNBC - 8:28AM To get a low mortgage rate, your credit score matters. Here's how to boost it Reuters - 8:04AM World shares near record high, euro upbeat on Fed, earnings CNBC - 8:04AM 10-year Treasury yield rises as investors digest strong economic growth data Today's Rates Best Execution Rate Change 30 Yr FRM 3.12% -0.01 15 Yr FRM 2.55% -0.01 FHA 30 Year Fixed 2.62% +0.00 Jumbo 30 Year Fixed 3.18% +0.00 5/1 Yr ARM 2.38% -0.05 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.17% 0.30 -0.03 15 Yr. Fixed 2.55% 0.30 -0.10 30 Yr. Jumbo 3.28% 0.30 -0.06 30 Yr. FHA 3.12% 0.24 -0.03 5/1 ARM 2.59% 0.47 -0.08 Freddie Mac ** 30 Yr. Fixed 2.98% 0.70 +0.01 15 Yr. Fixed 2.31% 0.70 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.64% 0.30 -0.19 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 2.0 101.00 +0.23 30YR UMBS 2.5 103.75 +0.19 30YR GNMA 2.0 101.97 +0.28 30YR GNMA 2.5 103.75 +0.27 15YR UMBS 2.0 103.25 +0.13 15YR UMBS 2.5 104.47 +0.09 Treasuries Yield Change 2 YR 0.1623% -0.0018 5 YR 0.8493% -0.0175 10 YR 1.6259% -0.0156 30 YR 2.2982% -0.0061 Prices as of: 4/30/2021 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 Rise Less Than Expected as Inventory Remains Ultra Tight; Rates Recover After Bumpy Start; Digital Lending Speeds Things Up

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30 Year Fixed 3.13%   -0.01 15 Year Fixed 2.56%   -0.01 10YR Treasury 1.64%   +0.0250 View Today's Rates

Thursday April 29, 2021 MND NewsWire - 10:55AM Pending Home Sales Rise Less Than Expected as Inventory Remains Ultra Tight While the degree to which is happened was somewhat disappointing, pending home sales did snap out of a two-month slump in March . The National Association of Realtors'® (NAR's) ... MND NewsWire - 10:39AM Digital Lending Tools are Reducing Mortgage Timeframes There has been a significant reduction mortgage processing times since the first of the year according to ICE Mortgage Technology. Its Origination Insight Report says that the time ... Mortgage Rate Watch - 4:19PM Mortgage Rates Recover After Some Morning Drama Mortgage rates were mixed today, depending on the lender. Virtually every lender began the day with slightly higher rates, but most offered mid-day improvements in response to market ... MBS Commentary - 3:59PM MBS RECAP: Awesome Bounce Back But Still a Cautionary Tale Awesome Bounce Back But Still a Cautionary Tale Bonds started the day quite a bit weaker after several pieces of EU econ data came in much stronger than expected. GDP had no impact ... Corresp., AE, LO Jobs; Digital, Warehouse, Processing, Pricing Products; Freddie and Fannie News MBS Day Ahead: Time to Replace Optimism With Caution Until Further Notice Latest Video Recovery is looking very different from '09 recession, says economist Pending home sales rose 1.9% U.S. GDP jumped 6.4% in the first quarter, vs 6.5% increase expected More News from 'Around the Web' CNBC - 3:42PM Biden's plan for inherited real estate may impact more people than just the wealthy Calculated Risk Blog - 11:59AM A Few Comments on Q1 GDP CNBC - 11:18AM 2 million homeowners may be eligible for this new mortgage refinancing program Calculated Risk Blog - 8:52AM Weekly Initial Unemployment Claims at 553,000 CNBC - 8:39AM Economy surges to start the year as GDP jumps 6.4% in the first quarter freddiemac.gcs-web.com - 8:33AM Freddie Mac Statement on FHFA's Announcement of New Refinancing Option to Help Low-Income Borrowers CNBC - 8:05AM Treasury yields rise ahead of GDP, jobless claims data Today's Rates Best Execution Rate Change 30 Yr FRM 3.13% -0.01 15 Yr FRM 2.56% -0.01 FHA 30 Year Fixed 2.62% +0.00 Jumbo 30 Year Fixed 3.18% -0.02 5/1 Yr ARM 2.43% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.17% 0.30 -0.03 15 Yr. Fixed 2.55% 0.30 -0.10 30 Yr. Jumbo 3.28% 0.30 -0.06 30 Yr. FHA 3.12% 0.24 -0.03 5/1 ARM 2.59% 0.47 -0.08 Freddie Mac ** 30 Yr. Fixed 2.98% 0.70 +0.01 15 Yr. Fixed 2.31% 0.70 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.64% 0.30 -0.19 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 2.0 100.78 0.00 30YR UMBS 2.5 103.56 +0.08 30YR GNMA 2.0 101.72 0.00 30YR GNMA 2.5 103.50 -0.02 15YR UMBS 2.0 103.14 +0.08 15YR UMBS 2.5 104.36 0.00 Treasuries Yield Change 2 YR 0.1641% -0.0020 5 YR 0.8620% +0.0096 10 YR 1.6361% +0.0250 30 YR 2.2997% +0.0093 Prices as of: 4/29/2021 4:36PM 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: New Loan For Higher Risk Borrowers Who Missed Refi Boom; CFPB Delays QM Rule; Did The Fed Change Mortgage Rates?

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30 Year Fixed 3.14%   +0.00 15 Year Fixed 2.57%   +0.00 10YR Treasury 1.61%   -0.0141 View Today's Rates

Wednesday April 28, 2021 MND NewsWire - 12:05PM Fannie/Freddie Creates Opportunity for Higher Risk Borrowers Who Missed Refi Boom Earlier this month the Urban Institute pointed out that the unprecedented low interest rates of the pandemic era have not benefitted everyone. Their research showed that tightening ... MND NewsWire - 10:57AM CFPB Delays QM Rule Compliance and Patch Demise Lenders will have more than an additional year to comply with the General Qualified Mortgage (QM) Rule . The Consumer Financial Protection Bureau (CFPB) says it is formally delaying ... Mortgage Rate Watch - 4:40PM No, The Fed Didn't Do Anything To Mortgage Rates Today The Federal Reserve released a new policy announcement today. This is one of the 8 times per year where the Fed can opt to change "rates," or adjust its other policies that impact ... MND NewsWire - 8:27AM Mortgage Application Volume Falls Despite Lower Rates The solid 8.6 percent increase in mortgage application volume during the week ended April 16, only the fourth gain thus far in 2021, was short lived. The Mortgage Bankers Association ... MBS RECAP: Bonds Find Footing After Digesting Friendly Fed Message Differences Between Previous and Current FOMC Statements LO Jobs; Lead Gen, Servicing Risk, Presentation, DPA, Valuation Tools; M&A Firestorm; Housing Remains Resilient MBS Day Ahead: Fed Day. Do We Care? Homeownership Rate Pulls Back from 11 Year High Latest Video We don't see bad loans and unsustainable prices: Powell on housing Powell: Will 'take some time' before Fed is satisfied with progress Fed leaves interest rates unchanged, notes vaccination progress More News from 'Around the Web' CFPB - 3:15PM CFPB Consumer Complaint Bulletin Examines County-Level Demographic Data CNBC - 2:09PM Fed holds interest rates near zero, sees faster growth and higher inflation Reuters - 1:39PM In first speech to Congress, Biden to push $4 trillion spending plans Reuters - 11:59AM U.S. goods trade deficit vaults to record high in March CNBC - 9:52AM Hotel rates on the rise as travel demand ticks up CNBC - 8:08AM 10-year Treasury yield tops 1.65% as investors gear up for Fed decision Today's Rates Best Execution Rate Change 30 Yr FRM 3.14% +0.00 15 Yr FRM 2.57% +0.00 FHA 30 Year Fixed 2.62% -0.01 Jumbo 30 Year Fixed 3.20% +0.00 5/1 Yr ARM 2.44% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.17% 0.30 -0.03 15 Yr. Fixed 2.55% 0.30 -0.10 30 Yr. Jumbo 3.28% 0.30 -0.06 30 Yr. FHA 3.12% 0.24 -0.03 5/1 ARM 2.59% 0.47 -0.08 Freddie Mac ** 30 Yr. Fixed 2.97% 0.70 -0.07 15 Yr. Fixed 2.29% 0.60 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.83% 0.30 +0.03 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 2.0 100.78 +0.14 30YR UMBS 2.5 103.48 +0.03 30YR GNMA 2.0 101.72 +0.13 30YR GNMA 2.5 103.52 +0.02 15YR UMBS 2.0 103.06 +0.05 15YR UMBS 2.5 104.36 +0.08 Treasuries Yield Change 2 YR 0.1661% -0.0157 5 YR 0.8524% -0.0288 10 YR 1.6111% -0.0141 30 YR 2.2904% -0.0069 Prices as of: 4/28/2021 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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