Daily Newsletter: Rates Rise, Refi Share Drops to Eight Month Low; Bonds Finish Strong on Omicron News

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30 Year Fixed 3.18%   +0.04 15 Year Fixed 2.55%   +0.03 10YR Treasury 1.41%   -0.0508 View Today's Rates

Wednesday December 1, 2021 MND NewsWire - 11:05AM Rates Rise, Refi Share Drops to Eight Month Low Thanksgiving week, a three-day business week for many, saw the usual sharp decline in mortgage activity although purchase applications remained seasonally strong. The Mortgage Bankers ... Mortgage Rate Watch - 4:33PM Mortgage Rates Rise Then Fall as Volatility Persists Mortgage rates were much lower at the start of business yesterday , but began rising in the afternoon as the bond market lost ground. That same momentum continued in the overnight trading ... MBS Commentary - 4:32PM MBS RECAP: Weaker Start, Stronger Finish on Omicron News Weaker Start, Stronger Finish Volatility has been elevated for the bond market in the past 4 weeks and especially in the past 2 weeks. Today was one of the milder days, but it was still ... MND NewsWire - 4:55PM Residential Construction No Longer Dominating Spending National spending on construction spending rose slightly in October, but for the second month in a row, the increase wasn't driven by the residential sector. The U.S. Census Bureau ... MBS Morning: Data, Fed, Issuance, And Variant Watching Coaching, Jumbo, Medical Professional Products; Investors Follow Conventional Conforming Limit Changes Latest Video First case of omicron variant identified in California What investors need to know about a potentially faster Fed taper The 2pm Bond Report - December 1, 2021 More News from 'Around the Web' www.redfin.com - 3:52PM Housing Market Update: For-Sale Home Supply Hits All-Time Low Calculated Risk Blog - 3:52PM Fed's Beige Book: "Economic activity grew at a modest to moderate pace" Calculated Risk Blog - 2:00PM Real House Prices, Price-to-Rent Ratio and Affordability in September CNBC - 1:59PM U.S. confirms nation's first case of omicron Covid variant in California Calculated Risk Blog - 10:17AM ISM® Manufacturing index increased to 61.1% in November CNBC - 8:19AM Private payrolls post better-than-expected growth of 534,000 in November, ADP says CNBC - 8:03AM Treasury yields rise with the Fed's faster taper plans, omicron variant in focus Today's Rates Best Execution Rate Change 30 Yr FRM 3.18% +0.04 15 Yr FRM 2.55% +0.03 FHA 30 Year Fixed 2.87% +0.12 Jumbo 30 Year Fixed 3.10% +0.05 5/1 Yr ARM 3.13% +0.21 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 3.10% 0.70 +0.00 15 Yr. Fixed 2.42% 0.70 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.47% 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 2.0 100.13 +0.23 30YR UMBS 2.5 102.56 +0.23 30YR GNMA 2.0 101.30 +0.25 30YR GNMA 2.5 102.64 +0.38 15YR UMBS 2.0 102.53 +0.17 15YR UMBS 2.5 103.61 +0.08 Treasuries Yield Change 2 YR 0.5533% -0.0137 5 YR 1.1370% -0.0307 10 YR 1.4054% -0.0508 30 YR 1.7440% -0.0585 Prices as of: 12/1/2021 4:55PM 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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