Daily Newsletter: Home Sales Take a Big Hit, Back to Pre-Covid Levels; Rates Back Near Pre-Covid Highs

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30 Year Fixed 3.42%   -0.03 15 Year Fixed 2.85%   -0.03 10YR Treasury 1.74%   +0.0340 View Today's Rates

Wednesday March 31, 2021 MND NewsWire - 10:57AM Pending Home Sales Take a Big Hit, Back to Pre-Covid Levels February's pending home sales suffered a double digit month-over-month decline in February and fell below the pace a year earlier for the first time in eight months. The National Association ... MND NewsWire - 11:03AM FHA Will Keep Mortgage Insurance Fund Rates Stable The newly installed Secretary of the Department of Housing and Urban Development (HUD) released her first quarterly report on the agency to Congress on Tuesday. A key point regarded ... Mortgage Rate Watch - 4:39PM Mortgage Rates Back Near Long-Term Highs Mortgage rates moved moderately higher today after failing to capitalize on a hopeful move in bond markets yesterday. Bonds--particularly mortgage-backed bonds--are directly responsible ... MND NewsWire - 8:27AM Even With Recent Declines, Purchase App Volume is Still Outpacing 2020 Mortgage Application volume continued to trend down during the week ended March 26. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume ... MBS RECAP: Moderate Weakness But No Major Quarter-End Drama MBS Day Ahead: Real Story on Feb/March Rate Spike: Stimulus vs Inflation MLO Jobs; Broker, Jumbo, Leads, Presentation, Liquidity Tools; FHA, Ginnie, USDA News in Context Latest Video Housing is a bright spot in the economy, says home builder CEO Pending home sales fall 10.6 percent, missing Wall Street expectations ADP payrolls jumps in March at fastest pace since September More News from 'Around the Web' Calculated Risk Blog - 4:25PM Fannie Mae: Mortgage Serious Delinquency Rate Decreased in February www.zillow.com - 3:55PM Bottom Tier in Top Gear: Why the Most Affordable Homes are Gaining Value the Fastest Reuters - 1:34PM Congress embarks on epic battle over Biden infrastructure plan www.redfin.com - 1:34PM Five Ways the Housing Market Will Change After the Pandemic CNBC - 10:50AM Higher commodity costs lead to price hikes from Kimberly-Clark and other consumer giants Reuters - 9:07AM Biden kicks off effort to reshape U.S. economy with infrastructure package CNBC - 8:28AM Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring Reuters - 8:05AM Archegos losses tallied up, industry regulatory scrutiny grows www.redfin.com - 8:05AM More Homes Than Ever Are Selling Above Their Asking Price. San Jose, Sacramento & Salt Lake City Are Driving the All-Time High. Today's Rates Best Execution Rate Change 30 Yr FRM 3.42% -0.03 15 Yr FRM 2.85% -0.03 FHA 30 Year Fixed 2.88% +0.00 Jumbo 30 Year Fixed 3.34% -0.01 5/1 Yr ARM 2.75% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.48% 0.42 +0.20 15 Yr. Fixed 2.82% 0.40 +0.15 30 Yr. Jumbo 3.53% 0.43 +0.19 30 Yr. FHA 3.47% 0.41 +0.22 5/1 ARM 2.95% 0.44 +0.13 Freddie Mac ** 30 Yr. Fixed 3.17% 0.70 +0.08 15 Yr. Fixed 2.45% 0.60 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.84% 0.20 +0.05 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 99.67 -0.11 30YR UMBS 2.5 102.48 -0.13 30YR GNMA 2.0 100.81 -0.08 30YR GNMA 2.5 102.86 -0.06 15YR UMBS 2.0 102.55 -0.08 15YR UMBS 2.5 103.97 -0.05 Treasuries Yield Change 2 YR 0.1622% +0.0137 5 YR 0.9377% +0.0388 10 YR 1.7440% +0.0340 30 YR 2.4153% +0.0473 Prices as of: 3/31/2021 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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Daily Newsletter: Home Price Gains Continue to Break Records; Rates Hit Recent Highs Before Recovering

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30 Year Fixed 3.45%   +0.08 15 Year Fixed 2.88%   +0.06 10YR Treasury 1.72%   -0.0017 View Today's Rates

Tuesday March 30, 2021 MND NewsWire - 12:16PM January's Double-Digit Home Price Gains Continue to Break Records The S&P CoreLogic Case-Shiller home price indices and the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) all show that the growth of home prices continued to ... MBS Commentary - 3:49PM MBS RECAP: 'Unchanged' Feels Like a Victory 'Unchanged' Feels Like a Victory Bonds began the day at the highest yields in more than a year and slowly worked their way back to 'unchanged.' Solid justification for the move (in ... Mortgage Rate Watch - 3:50PM Mortgage Rates Snap Back to Recent Highs Before Recovering There are a few interesting developments for mortgage rates today--especially in light of last week's striking discrepancy between Freddie's weekly survey and the reality on the front ... MLO Jobs; Jumbo, Workflow, Retention Products; Agency Risk Changes Ahead; Want a 6 Month Lock? MBS Day Ahead: Where's The Ceiling? More Looking and Less Finding Latest Video Consumer confidence comes in at 109.7 versus 96.8 estimate The 9am Bond Report - March 30, 2021 Behind Archegos' Bill Hwang's risk appetite — and what happened More News from 'Around the Web' webfeeds.brookings.edu - 4:07PM As prosperity rose in many metro areas, neighborhood divides widened Reuters - 4:07PM Factbox-What we know about Biden's U.S. infrastructure plan so far www.nar.realtor - 2:14PM February 2021 NAR SentriLock Home Showings Report CNBC - 2:08PM Wall Street awaits Biden infrastructure plan, but it may not be ready for the new taxes www.hud.gov - 1:06PM HUD Not Planning on Changing MIP Any Time Soon CNBC - 1:02PM Critics slam the Fed as home prices rise at a historic rate www.nar.realtor - 1:02PM Instant Reaction: S&P CoreLogic Case-Shiller Home Price Indices, March 30, 2021 Reuters - 1:02PM U.S. consumer confidence hits one-year high; house prices soar Fannie Mae - 1:01PM Housing Insights: COVID-19 Led First-Time Homebuyers to Move Away from Highly Dense City Centers CNBC - 9:53AM 'We're not out of the woods': How commercial property could spark a financial shock Reuters - 8:09AM Analysis: Debacle at Archegos throws excessive risk-taking into spotlight CNBC - 8:08AM 10-year Treasury yield hits 14-month highs, topping 1.77% Today's Rates Best Execution Rate Change 30 Yr FRM 3.45% +0.08 15 Yr FRM 2.88% +0.06 FHA 30 Year Fixed 2.88% +0.03 Jumbo 30 Year Fixed 3.35% +0.02 5/1 Yr ARM 2.75% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.48% 0.42 +0.20 15 Yr. Fixed 2.82% 0.40 +0.15 30 Yr. Jumbo 3.53% 0.43 +0.19 30 Yr. FHA 3.47% 0.41 +0.22 5/1 ARM 2.95% 0.44 +0.13 Freddie Mac ** 30 Yr. Fixed 3.17% 0.70 +0.08 15 Yr. Fixed 2.45% 0.60 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.84% 0.20 +0.05 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 99.73 +0.03 30YR UMBS 2.5 102.59 -0.02 30YR GNMA 2.0 100.86 +0.02 30YR GNMA 2.5 102.91 +0.23 15YR UMBS 2.0 102.59 +0.03 15YR UMBS 2.5 104.05 +0.11 Treasuries Yield Change 2 YR 0.1465% +0.0039 5 YR 0.9038% +0.0113 10 YR 1.7153% -0.0017 30 YR 2.3750% -0.0418 Prices as of: 3/30/2021 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: Refis Constituted Three-Quarters of Freddie's February Volume; New Week New Weakness For Bonds

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30 Year Fixed 3.37%   +0.01 15 Year Fixed 2.82%   +0.01 10YR Treasury 1.72%   +0.0428 View Today's Rates

Monday March 29, 2021 MND NewsWire - 2:03PM Refis Constituted Three-Quarters of Freddie Mac's February Volume Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.7 percent in February compared to a 16.1 percent gain in January. The portfolio ... MBS Commentary - 4:27PM MBS RECAP: New Week, New Weakness New Week, New Weakness The new week wasted very little time in reinforcing the realities of 2021. This is a rising rate environment until further notice and any rapid correction toward ... MND NewsWire - 1:58PM States Vary Widely in Housing Stock Age The age of the U.S. housing stock is, to a certain extent, a reflection of the decline in new home construction since the onset of the housing crisis. However, Na Zhao, in a blog post ... AE, MLO Jobs; Sales, Subservicing, Automation Products; Virtual Conferences and Webinars MBS Day Ahead: Month/Quarter-End Trading and Friday Jobs Report Latest Video Housing, rental market strong despite late rent payments, says economist Zandi Small landlords struggle as renters fall behind on rent The 9am Bond Report - March 29, 2021 More News from 'Around the Web' Calculated Risk Blog - 4:36PM MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 4.96%" CNBC - 1:12PM Some landlords sell properties as CDC extends eviction ban CNBC - 12:27PM Fed's Waller says the central bank isn't keeping rates low to finance government debt CNBC - 12:27PM The IRS extended the federal tax deadline. Here's when state returns are due Calculated Risk Blog - 11:27AM Housing Inventory March 29th Update: At Record Lows CFPB - 10:05AM CFPB Acting Director Uejio and FTC Acting Chairwoman Slaughter Issue Joint Statement on Preventing Illegal Evictions CNBC - 9:34AM U.S. Covid cases rising again as restrictions ease despite benefits from increased vaccinations CNBC - 8:39AM CDC will extend eviction ban through June 30, sources say www.zillow.com - 8:09AM As Eviction Cliff Nears, Here's How Millions Could Keep Their Homes CNBC - 8:09AM Treasury yields start the week higher; 10-year rises to 1.66% Today's Rates Best Execution Rate Change 30 Yr FRM 3.37% +0.01 15 Yr FRM 2.82% +0.01 FHA 30 Year Fixed 2.85% +0.00 Jumbo 30 Year Fixed 3.33% +0.00 5/1 Yr ARM 2.75% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 0.00% 0.00 +0.00 30 Yr. Fixed 0.00% 0.00 +0.00 MBA ** 30 Yr. Fixed 3.48% 0.42 +0.20 15 Yr. Fixed 2.82% 0.40 +0.15 30 Yr. Jumbo 3.53% 0.43 +0.19 30 Yr. FHA 3.47% 0.41 +0.22 5/1 ARM 2.95% 0.44 +0.13 Freddie Mac ** 30 Yr. Fixed 3.17% 0.70 +0.08 15 Yr. Fixed 2.45% 0.60 +0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.84% 0.20 +0.05 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 99.70 -0.11 30YR UMBS 2.5 102.61 -0.09 30YR GNMA 2.0 100.84 +0.09 30YR GNMA 2.5 102.67 -0.08 15YR UMBS 2.0 102.56 -0.06 15YR UMBS 2.5 103.94 -0.08 Treasuries Yield Change 2 YR 0.1426% +0.0020 5 YR 0.8925% +0.0289 10 YR 1.7170% +0.0428 30 YR 2.4168% +0.0379 Prices as of: 3/29/2021 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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