Daily Newsletter: Mortgage Application Volume Nears 18-Month Low; Rates Trickle Lower Again

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30 Year Fixed 3.17%   -0.02 15 Year Fixed 2.58%   -0.04 10YR Treasury 1.47%   -0.0068 View Today's Rates

Wednesday June 30, 2021 MND NewsWire - 9:34AM Mortgage Application Volume Nears 18-Month Low Mortgage applications fell sharply last week, affecting both refinance and purchase components of the Mortgage Banker Association's (MBA's) Market Composite Index. The index, a measure ... Mortgage Rate Watch - 4:29PM Mortgage Rates Trickle Lower Yet Again Mortgage rates fell again today--now officially below the lowest levels in the past 2 weeks. In order to accomplish that, rates had to fully erase the damage done exactly 2 weeks ago ... MBS Commentary - 4:11PM MBS RECAP: Failed Breakout Puts More Emphasis on End-of-Week Events Failed Breakout Puts More Emphasis on End-of-Week Events Notice that the headline didn't invoke "the jobs report" for the 17th time this week. The fact that we've been this focused ... Non-QM Mgt., CD, AE, MLO Jobs; Jumbo, Verification, Subservicer Products; Non-Agency News MBS Day Ahead: Is It Friday Yet? Latest Video D.R. Horton named top pick at Goldman Sachs Weekly mortgage demand falls nearly 7% as home price growth hits record high Pending home sales jump 8% month-to-month, the highest May reading since 2005 More News from 'Around the Web' Reuters - 4:27PM S&P 500 closes at record high as Wall St notches fifth straight quarterly gain Calculated Risk Blog - 4:15PM Las Vegas Visitor Authority for May: No Convention Attendance, Visitor Traffic Down 22% Compared to 2019 Calculated Risk Blog - 12:32PM Update: Framing Lumber Prices Down Sharply from Recent Peak, Up Solidly Year-over-year CNBC - 12:12PM American Express is sending customers to fintech partners for mortgages CNBC - 12:11PM May home sales rebound to highest level since 2005, shocking even the Realtors CNBC - 12:10PM As housing boom begins to fizzle, weekly mortgage demand falls nearly 7% CNBC - 12:10PM Coldwell Banker CEO says investors snatching up homes is not a driving force in hot housing market CNBC - 8:23AM Private payrolls rise 692,000 in June, easily topping expectations CNBC - 8:14AM U.S. Treasury yields fall ahead of private payrolls report Reuters - 8:05AM Futures tick lower ahead of private jobs data Today's Rates Best Execution Rate Change 30 Yr FRM 3.17% -0.02 15 Yr FRM 2.58% -0.04 FHA 30 Year Fixed 2.70% -0.05 Jumbo 30 Year Fixed 3.17% -0.01 5/1 Yr ARM 2.28% +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 3.02% 0.70 +0.09 15 Yr. Fixed 2.34% 0.70 +0.10 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.53% 0.30 +0.01 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 2.0 100.97 -0.03 30YR UMBS 2.5 103.39 -0.03 30YR GNMA 2.0 101.81 -0.03 30YR GNMA 2.5 103.14 0.00 15YR UMBS 2.0 103.09 -0.03 15YR UMBS 2.5 104.27 +0.06 Treasuries Yield Change 2 YR 0.2525% +0.0001 5 YR 0.8910% +0.0000 10 YR 1.4680% -0.0068 30 YR 2.0871% -0.0007 Prices as of: 6/30/2021 4:44PM 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: No, FHA Won't Be Offering 40 Year Loans; Staggering Home Prices; Rates Inch Lower

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30 Year Fixed 3.19%   -0.01 15 Year Fixed 2.62%   +0.00 10YR Treasury 1.47%   -0.0068 View Today's Rates

Tuesday June 29, 2021 MND NewsWire - 10:57AM No, FHA Won't Be Offering 40 Year Loans Ginnie Mae sent out a press release last week could create some confusion for those readers who only skimmed the lede. The opening paragraph states that the agency is creating a new ... Mortgage Rate Watch - 3:12PM Mortgage Rates Inch Toward 2-Week Lows Mortgage rates are primarily a function of trading levels in the bond market and bonds have enjoyed (or suffered) an interesting mix of volatility and stability in June. US Treasury ... MND NewsWire - 1:14PM Pandemic Continuing to Fuel Home Price Gains When the S&P CoreLogic Case-Shiller and Federal Housing Finance Agency's price reports for March were released we wrote that the superlatives were getting tired. The April report ... MND NewsWire - 1:17PM CFPB Updates Servicing Rules to Ease Transition from Forbearance The government stakeholders involved in the various pandemic related forbearance programs appear to be directing their full attention to their upcoming expirations. Ginnie Mae earlier ... Community Lending, 1099, Compensation, NOO, Non-QM products; Government Loan Program Changes MBS Day Ahead: Bonds Take a Few Steps Back Ahead of Another Light Event Calendar Latest Video June consumer confidence index at 127.3 versus estimates of 118.7 Coldwell Banker CEO on surging home prices: 'Fundamentals are strong' Fed's policy will remain 'very easy' into 2023, says Morgan Stanley's Caron More News from 'Around the Web' CFPB - 3:46PM CFPB Takes Action Against Company and its Owners and Executives for Deceptive Debt-Relief and Credit-Repair Services CNBC - 12:11PM 'Great Resignation' gains steam as return-to-work plans take effect CNBC - 9:45AM Home prices surged in April at a 'truly extraordinary' rate, S&P Case-Shiller says CNBC - 8:05AM Treasury yields climb with focus on employment data CNBC - 8:05AM ECB member hints at scaling back stimulus, but not everyone's convinced Today's Rates Best Execution Rate Change 30 Yr FRM 3.19% -0.01 15 Yr FRM 2.62% +0.00 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.18% +0.01 5/1 Yr ARM 2.28% +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 3.02% 0.70 +0.09 15 Yr. Fixed 2.34% 0.70 +0.10 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.53% 0.30 +0.01 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 2.0 101.02 +0.06 30YR UMBS 2.5 103.42 +0.06 30YR GNMA 2.0 101.83 +0.05 30YR GNMA 2.5 103.13 +0.05 15YR UMBS 2.0 103.14 +0.09 15YR UMBS 2.5 104.20 +0.05 Treasuries Yield Change 2 YR 0.2524% -0.0039 5 YR 0.8910% -0.0080 10 YR 1.4748% -0.0068 30 YR 2.0891% -0.0116 Prices as of: 6/29/2021 4:10PM 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: Freddie Mac's Volume Dropped Sharply in May; Forbearances Increase Slightly

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30 Year Fixed 3.20%   +0.00 15 Year Fixed 2.62%   +0.00 10YR Treasury 1.48%   -0.0425 View Today's Rates

Monday June 28, 2021 MND NewsWire - 11:38AM Freddie Mac's Volume Dropped Sharply in May Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 8.6 percent in May compared to a 13.2 percent gain in April. The portfolio balance ... MND NewsWire - 11:37AM Housing Activist Named FHA Commissioner The White House has announced another key appointee to a federal housing post. Julia Gordon has been named Assistant Secretary for Housing at the Department of Housing and Urban Development ... MND NewsWire - 11:36AM Forbearances Show Slight Increase Black Knight reports that the number of loans in forbearance rose by 1,000 during the week ended June 22. The company says this was a continuation of what's become a common trend of ... MBS Commentary - 10:39AM MBS Week Ahead: Holding a Narrower Range as Jobs Report Approaches This week brings good potential for volatility as Friday represents the confluence of several individual events that are normally worth some volatility on their own. The jobs report ... AE, MLO, Ops Jobs; Credit, Warehouse, Tax and Flood, MI Tools; FHA Changes Biden Appoints New FHFA Director Latest Video The 9am Bond Report - June 28, 2021 Fed's involvement in mortgage market suppresses volatility: Ironsides' Knapp Fed is seemingly on hold: Schroders' Ron Insana More News from 'Around the Web' The Basis Point - 3:15PM Home Price Gains Outpace Wage Growth In 72% Of U.S. Cities – but that doesn't derail you as a homebuyer www.ginniemae.gov - 3:13PM Ginnie Mae to Enable Securitization of Mortgage Modifications with Terms up to 40 Years Calculated Risk Blog - 3:13PM Freddie Mac: Mortgage Serious Delinquency Rate decreased in May CNBC - 1:41PM Fed Vice Chair Quarles casts significant doubt on establishing a digital dollar Calculated Risk Blog - 12:28PM Housing Inventory June 28th Update: Inventory Increased Week-over-week Calculated Risk Blog - 9:51AM Real Personal Income less Transfer Payments Above Previous Peak CNBC - 8:03AM 10-year Treasury yield eases slightly but holds at 1.5% to start the week Today's Rates Best Execution Rate Change 30 Yr FRM 3.20% +0.00 15 Yr FRM 2.62% +0.00 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.17% -0.01 5/1 Yr ARM 2.28% +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 3.02% 0.70 +0.09 15 Yr. Fixed 2.34% 0.70 +0.10 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.53% 0.30 +0.01 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 2.0 100.94 +0.31 30YR UMBS 2.5 103.34 +0.20 30YR GNMA 2.0 101.75 +0.25 30YR GNMA 2.5 103.06 -0.14 15YR UMBS 2.0 103.05 +0.11 15YR UMBS 2.5 104.16 +0.11 Treasuries Yield Change 2 YR 0.2563% -0.0118 5 YR 0.9006% -0.0241 10 YR 1.4816% -0.0425 30 YR 2.1014% -0.0494 Prices as of: 6/28/2021 4:40PM 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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