Daily Newsletter: Existing Home Sales Back on the Rise as Inventories Improve; Rates Recover After Starting Higher

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30 Year Fixed 2.94%   +0.01 15 Year Fixed 2.38%   +0.00 10YR Treasury 1.25%   -0.0017 View Today's Rates

Monday August 23, 2021 MND NewsWire - 2:11PM Existing Home Sales Back on the Rise as Inventories Improve Existing homes sales posted the second consecutive increase in July after breaking out of a slump in June that had endured for four months. The National Association of Realtors® ... Mortgage Rate Watch - 4:49PM Mortgage Rates Start Higher, But Improve in The Afternoon Mortgage rates are only adjusted once per day by default. From there, the underlying bond market would need to improve or deteriorate by a certain amount for the average lender to go ... MBS Commentary - 11:36AM MBS Week Ahead: What is Jackson Hole (And What it Isn't) The Fed's annual Jackson Hole symposium has often served as a venue for the Fed Chair to offer a sneak preview of impending policy changes or simply to provide a more candid assessment ... MBS RECAP: Treasuries Slide Sideways as MBS Outperform Ops, MLO jobs; Whole Loan Sales, Jumbo, QC, Home Buying Education Products; Freddie and Fannie Changes Latest Video Existing home sales climb 2% in July, beating expectations Fed's Jackson Hole meeting goes virtual amid delta variant worries The 9am Bond Report - August 23, 2021 More News from 'Around the Web' Calculated Risk Blog - 4:30PM Housing Inventory August 23rd Update: Inventory Increased Week-over-week, Up 41% from Low in early April www.zillow.com - 11:55AM July Existing Home Sales: Signs of Balance CNBC - 10:12AM Home sales rose for the second straight month in July, as demand outpaced slightly stronger supply CNBC - 8:08AM Treasury yields start the week higher with key Fed policy event in focus Today's Rates Best Execution Rate Change 30 Yr FRM 2.94% +0.01 15 Yr FRM 2.38% +0.00 FHA 30 Year Fixed 2.67% +0.01 Jumbo 30 Year Fixed 3.10% -0.01 5/1 Yr ARM 2.53% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 2.99% 0.30 +0.02 15 Yr. Fixed 2.35% 0.25 +0.02 30 Yr. Jumbo 3.15% 0.29 +0.03 30 Yr. FHA 3.06% 0.27 -0.02 5/1 ARM 2.52% 0.15 -0.41 Freddie Mac ** 30 Yr. Fixed 2.86% 0.70 -0.01 15 Yr. Fixed 2.16% 0.60 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.43% 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 2.0 101.42 +0.17 30YR UMBS 2.5 103.86 +0.20 30YR GNMA 2.0 101.92 -0.03 30YR GNMA 2.5 103.38 +0.09 15YR UMBS 2.0 103.48 +0.08 15YR UMBS 2.5 104.72 +0.05 Treasuries Yield Change 2 YR 0.2262% +0.0001 5 YR 0.7705% -0.0129 10 YR 1.2533% -0.0017 30 YR 1.8742% +0.0034 Prices as of: 8/23/2021 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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