Daily Newsletter: Non-Government Loans See Jump in Forbearances; Huge Inflation, But Here's Housing's Bigger Problem

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30 Year Fixed 3.12%   +0.01 15 Year Fixed 2.56%   +0.01 10YR Treasury 1.58%   -0.0255 View Today's Rates

Friday May 28, 2021 MND NewsWire - 10:34AM Non-Government Loans See Jump in Forbearances The forbearance numbers increased again over the past week although Black Knight, in its weekly report, said these mid- to late-month upticks are becoming common . The number of mortgages ... Mortgage Rate Watch - 4:52PM Highest Inflation in Decades, But Housing Has a Bigger Problem Inflation is bad for interest rates and it's at the highest levels in decades. But the housing market has a far bigger problem. Actually, it's not hard for a problem to become bigger ... MBS Commentary - 3:03PM MBS RECAP: Decent Gains Despite Hotter Inflation Data Decent Gains Despite Hotter Inflation Data While there was nothing especially memorable about today's trading action itself, the fact that 10yr yields ended 2.5bps lower despite a core ... MBA, U/W, AE, Construction Lending Jobs; Multimedia, Jumbo, Warehouse, Rental Products; Lenders React to GSE Changes MBS Day Ahead: Bonds Are Believing The Transitory Inflation Narrative Latest Video Builders can't raise prices fast enough, says analyst Chicago PMI comes in at 75.2 in May versus 68 expected The 9am Bond Report - May 28, 2021 More News from 'Around the Web' www.redfin.com - 1:55PM Housing Market Update: Over Half of Homes Are Selling Above List Price, Up From 1 in 4 a Year Ago www.nar.realtor - 12:29PM April 2021 Pending Home Sales Dip With Fewer Homes Available Reuters - 12:04PM Pent-up demand, shortages fuel U.S. inflation Reuters - 11:06AM U.S. consumer sentiment declined in May Calculated Risk Blog - 9:36AM Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Increased CNBC - 8:40AM A key U.S. inflation gauge rose 3.1% year over year, higher than expected CNBC - 8:10AM Job searches jumped 5% in states cutting unemployment benefits, analysis finds CNBC - 8:06AM 10-year Treasury yield holds above 1.61% ahead of inflation data Today's Rates Best Execution Rate Change 30 Yr FRM 3.12% +0.01 15 Yr FRM 2.56% +0.01 FHA 30 Year Fixed 2.63% +0.00 Jumbo 30 Year Fixed 3.12% +0.00 5/1 Yr ARM 2.25% +0.00 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 2.95% 0.70 -0.05 15 Yr. Fixed 2.27% 0.60 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.59% 0.20 +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 MBS Price Change 30YR UMBS 2.0 101.05 +0.14 30YR UMBS 2.5 103.59 +0.08 30YR GNMA 2.0 101.70 +0.05 30YR GNMA 2.5 103.28 +0.03 15YR UMBS 2.0 103.33 +0.06 15YR UMBS 2.5 104.39 +0.02 Treasuries Yield Change 2 YR 0.1406% -0.0060 5 YR 0.7883% -0.0256 10 YR 1.5807% -0.0255 30 YR 2.2632% -0.0171 Prices as of: 5/28/2021 2:31PM 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 Decline Unexpectedly; Rates Erase 2 Days of Progress

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30 Year Fixed 3.11%   +0.04 15 Year Fixed 2.55%   +0.02 10YR Treasury 1.61%   +0.0254 View Today's Rates

Thursday May 27, 2021 MND NewsWire - 4:34PM Pending Home Sales Decline Unexpectedly It seemed safe to say, even before the National Association of Realtors® (NAR) released the pending home sale numbers for April, that some analyst somewhere would be able to say ... Mortgage Rate Watch - 4:21PM Mortgage Rates Move Higher, Erasing 2 Days of Progress Mortgage rates were moderately higher today versus yesterday. This was a logical outcome based on steady weakness in the bond market yesterday followed by additional weakness today ... MBS Commentary - 3:37PM MBS RECAP: Moderate Weakness; Decent Treasury Auction Moderate Weakness; Decent Treasury Auction 7yr Treasury auctions haven't been great for the bond market in 2021, generally speaking. Today's was an exception although it didn't necessarily ... Cap. Mkts., MLO, AE, Ops Jobs; Loan Sales, Pricing, Tax Estimating Products; Is the Fed Contributing to Housing Price Escalation? MBS Day Ahead: Yesterday's Technical Bounce is Doing What Technical Bounces Do Latest Video Auto lenders are becoming more aggressive, says expert Why former Fed president Richard Fisher is calling for change The 9am Bond Report - May 27, 2021 More News from 'Around the Web' CFPB - 1:56PM Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks, and Barriers to Credit, New CFPB Report Finds CNBC - 1:21PM Bank of America and Chase could restart mortgage foreclosures as early as July, but Wells Fargo is waiting until 2022 CNBC - 1:21PM Watch live: Treasury Secretary Yellen testifies before Congress on the economic recovery Reuters - 1:08PM Republicans' boost infrastructure counteroffer to $928 billion Calculated Risk Blog - 1:08PM Hotels: Occupancy Rate Down 15% Compared to Same Week in 2019 CNBC - 11:31AM Yellen says the government is operating like it's 2010, calls for more aggressive spending CNBC - 10:57AM Fannie Mae's refinance program for lower-income homeowners starts next week. Here's what to know www.nar.realtor - 10:57AM Pending Home Sales Drop 4.4% in April apnews.com - 9:33AM U.S. durable goods orders drop 1.3% in April Calculated Risk Blog - 9:11AM Q1 GDP Growth Unchanged at 6.4% Annual Rate CNBC - 8:34AM U.S. weekly jobless claims total 406,000, vs 425,000 estimate CNBC - 8:10AM Treasury yields edge higher ahead of weekly jobless claims data Today's Rates Best Execution Rate Change 30 Yr FRM 3.11% +0.04 15 Yr FRM 2.55% +0.02 FHA 30 Year Fixed 2.63% +0.00 Jumbo 30 Year Fixed 3.12% +0.01 5/1 Yr ARM 2.25% +0.00 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 2.95% 0.70 -0.05 15 Yr. Fixed 2.27% 0.60 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.59% 0.20 +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 MBS Price Change 30YR UMBS 2.0 100.92 -0.17 30YR UMBS 2.5 103.52 -0.17 30YR GNMA 2.0 101.67 -0.05 30YR GNMA 2.5 103.27 -0.06 15YR UMBS 2.0 103.28 -0.08 15YR UMBS 2.5 104.38 -0.06 Treasuries Yield Change 2 YR 0.1466% -0.0019 5 YR 0.8123% +0.0299 10 YR 1.6062% +0.0254 30 YR 2.2803% +0.0192 Prices as of: 5/27/2021 4:31PM 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: Refis Pulled Back Last Week; Rates Lower Today Despite Bond Weakness

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30 Year Fixed 3.07%   -0.01 15 Year Fixed 2.53%   -0.01 10YR Treasury 1.58%   +0.0204 View Today's Rates

Wednesday May 26, 2021 Mortgage Rate Watch - 4:29PM Mortgage Rates Slightly Lower Despite Bond Market Weakness Mortgage rates moved slightly lower today despite moderate weakness in the bond market. Typically, bond weakness results in rates moving higher , all other things being equal. The most ... MND NewsWire - 8:14AM Refinance Activity Pulls Back as Rates Move Higher After three weeks of gains, refinancing activity fell last week, pulling overall mortgage volume lower. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure ... MBS Commentary - 3:35PM MBS RECAP: Yields Find a Floor Ahead of Month-End and Long Weekend Yields Find a Floor Ahead of Month-End and Long Weekend Today's most notable feature was a paradoxical move toward higher yields immediately following a strong 5yr Treasury auction ... MND NewsWire - 11:09AM Freddie Mac Business Activity Slowed in April Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 13.2 percent in April compared to a 27.2 percent gain in March. The portfolio balance ... MBA, MLO Jobs; Marketing, Customer Service, VA, Retention Tools; FHA and VA Program Shifts MBS Day Ahead: Looking For Resistance After Traversing The Range Latest Video Small businesses are still fighting for survival, says Intuit CEO Nation's top bank CEOs testify before Congress during contentious hearing The 9am Bond Report - May 26, 2021 More News from 'Around the Web' CNBC - 1:36PM Kelly Evans: The housing market is insane NY Fed - 9:34AM Statement Regarding Agency Mortgage-Backed Securities Small Value Exercise finance.yahoo.com - 8:15AM Dovish ECB comments push down euro area yields CNBC - 8:05AM Treasury yields mixed as Fed calms inflation concerns Today's Rates Best Execution Rate Change 30 Yr FRM 3.07% -0.01 15 Yr FRM 2.53% -0.01 FHA 30 Year Fixed 2.63% -0.02 Jumbo 30 Year Fixed 3.11% +0.00 5/1 Yr ARM 2.25% -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 3.00% 0.60 +0.06 15 Yr. Fixed 2.29% 0.70 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.59% 0.30 +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 MBS Price Change 30YR UMBS 2.0 101.09 -0.16 30YR UMBS 2.5 103.70 -0.11 30YR GNMA 2.0 101.75 -0.08 30YR GNMA 2.5 103.34 -0.08 15YR UMBS 2.0 103.36 -0.05 15YR UMBS 2.5 104.41 -0.05 Treasuries Yield Change 2 YR 0.1485% +0.0032 5 YR 0.7824% +0.0081 10 YR 1.5808% +0.0204 30 YR 2.2618% +0.0092 Prices as of: 5/26/2021 4:41PM 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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