Daily Newsletter: Pending Sales Decline; Rates Rise; Was August the Turning Point for Home Prices?

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.22%   +0.04 15 Year Fixed 2.61%   +0.04 10YR Treasury 1.57%   +0.0246 View Today's Rates

Thursday October 28, 2021 MND NewsWire - 11:17AM Was August the Turning Point for Home Prices? There were further indications in August that home price gains are beginning to slow. The appreciation rate of the Federal Housing Finance Agency's (FHFA's) House Price Survey (HPI ... MND NewsWire - 11:04AM September Pending Home Sales Decline 2.3% The 8.1 percent increase in pending home sales in August, the first gain in three months, didn't start a trend. The National Association of Realtors® (NAR) said its Pending Home ... Mortgage Rate Watch - 4:45PM Mortgage Rate Mini-Winning Streak Comes to an End Mortgage rates finally ended this week's winning streak today. In light of the general upward trend in rates over the past month, bond yields (which tend to correlate with mortgage ... MBS Commentary - 4:30PM MBS RECAP: Rally Week Finds Its Limit After ECB And Auction Rally Week Finds Its Limit After ECB And Auction Bonds were having a great week by the end of the day on Wednesday. Yields had broken the lower boundary of an upwardly-sloped channel ... Capital Markets, Compliance, Homebuyer, Pre-approval Products; Fair Lending and Compliance are in Vogue MBS Morning: GDP Whispers Were Wrong, But Bonds Still Don't Care Latest Video Pending home sales falls 2.3% in September, below estimates 'Mortgage demand has come back,' Valley National Bank CEO says The 2pm Bond Report - October 28, 2021 More News from 'Around the Web' CNBC - 1:13PM The market is starting to price in more interest rate hikes than the Fed is indicating CNBC - 10:47AM Pending home sales fell unexpectedly in September, likely due to higher mortgage rates CNBC - 8:40AM U.S. gross domestic product increases at 2.0% annualized pace in Q3 vs. 2.8% estimate CNBC - 8:23AM 10-year Treasury yield rises to top 1.55% ahead of GDP update CNBC - 8:22AM European Central Bank holds policy steady despite soaring inflation Today's Rates Best Execution Rate Change 30 Yr FRM 3.22% +0.04 15 Yr FRM 2.61% +0.04 FHA 30 Year Fixed 2.82% +0.02 Jumbo 30 Year Fixed 3.15% +0.01 5/1 Yr ARM 3.00% +0.12 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 3.14% 0.70 +0.05 15 Yr. Fixed 2.37% 0.70 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.56% 0.30 +0.02 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 99.86 -0.11 30YR UMBS 2.5 102.58 -0.14 30YR GNMA 2.0 101.06 -0.13 30YR GNMA 2.5 102.41 -0.27 15YR UMBS 2.0 102.52 +0.02 15YR UMBS 2.5 103.84 +0.02 Treasuries Yield Change 2 YR 0.4891% -0.0138 5 YR 1.1831% +0.0331 10 YR 1.5747% +0.0246 30 YR 1.9777% +0.0181 Prices as of: 10/28/2021 4:52PM 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

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.