Daily Newsletter: Tappable Equity Surge; More Refi Programs; Rates Fall

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30 Year Fixed 2.95%   -0.01 15 Year Fixed 2.38%   -0.01 10YR Treasury 1.30%   -0.0405 View Today's Rates

Thursday September 9, 2021 MND NewsWire - 3:52PM Equity Explosion Bodes Well for Lenders American homeowners got $20,000 richer in the second quarter just sitting in their family room. Black Knight’s newest Mortgage Monitor says that was the average gain in borrower ... MND NewsWire - 3:54PM Credit Loosens as New Refi Programs Come on Line Higher interest rates pushed refinancing lower in August and lenders moved to generate more origination activity. That, in part, led to an increase in overall credit access. The Mortgage ... MND NewsWire - 11:28AM Fannie/Freddie Will Develop New Plans for Equitable Financing The GSEs, Fannie Mae and Freddie Mac, will be required to submit Equitable Housing Finance Plans to their regulator the Federal Housing Finance Agency (FHFA) by the end of the year ... Mortgage Rate Watch - 3:59PM Mortgage Rates Improve Again, Making it Back to Last Week's Levels Mortgage rates moved lower again today, with many lenders making it back to the levels seen after last Friday's jobs report. In week-over-week terms, rates were still decidedly higher ... MBS RECAP: Strong Auction Trifecta Helps Bonds Hold The Range Ops, MLO Jobs; Lender Wanted; MBS Trading, CRM, Non-QM, Processing Products; Upcoming Events MBS Day Ahead: ECB Quasi-Tapering Well Received, But Corporate Bonds Push Back Latest Video Covid causes 1400 schools to close in the US—Here's how it affects the economy The 9am Bond Report - September 9, 2021 Initial jobless claims drop 35,000 to 310,000 More News from 'Around the Web' Calculated Risk Blog - 3:19PM Leading Index for Commercial Real Estate "Loses Steam in August" Calculated Risk Blog - 12:12PM 6 Local Housing Markets in August Reuters - 10:03AM European bonds rally as ECB keeps stimulus cut to a minimum Reuters - 9:31AM U.S. weekly jobless claims near 18-month low CNBC - 8:30AM Treasury yields ebb lower amid weak jobs data, growth concerns Reuters - 8:03AM Analysis-Investors betting on 'stable' choice of Powell renomination at Fed CNBC - 8:02AM European Central Bank announces a slowing of its pandemic bond-buying program Today's Rates Best Execution Rate Change 30 Yr FRM 2.95% -0.01 15 Yr FRM 2.38% -0.01 FHA 30 Year Fixed 2.62% -0.01 Jumbo 30 Year Fixed 3.07% -0.02 5/1 Yr ARM 2.75% +0.00 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 2.88% 0.70 +0.01 15 Yr. Fixed 2.19% 0.60 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.42% 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 +0.13 30YR UMBS 2.5 103.98 +0.17 30YR GNMA 2.0 102.14 +0.17 30YR GNMA 2.5 103.64 +0.25 15YR UMBS 2.0 103.63 +0.09 15YR UMBS 2.5 104.63 +0.08 Treasuries Yield Change 2 YR 0.2124% -0.0058 5 YR 0.7869% -0.0193 10 YR 1.2954% -0.0405 30 YR 1.8889% -0.0661 Prices as of: 9/9/2021 4:13PM 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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