Daily Newsletter: GSEs' Incomes Doubled Year-Over-Year; Rates at 6 Month Lows; Crystal Balls

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30 Year Fixed 2.78%   -0.02 15 Year Fixed 2.22%   -0.01 10YR Treasury 1.17%   -0.0051 View Today's Rates

Tuesday August 3, 2021 MND NewsWire - 5:43PM GSEs' Incomes Doubled Year-Over-Year Each of the GSEs have posted strong financial results for the second quarter of 2021. Both Freddie Mac and Fannie Mae more than doubled their net income compared to a year earlier while ... Mortgage Rate Watch - 2:48PM Mortgage Rates Drift Down to New 6-Month Lows Mortgage rates moved slightly lower again today--extending a steady string of improvements that began after last week's Fed announcement. The average lender is now able to quote conventional ... MND NewsWire - 5:41PM Uh, About those Crystal Balls The prognosticators keep prognosticating, but their prognostications don't happen. Home price appreciation shows no sign of slowing down. CoreLogic says home prices nationwide, including ... MBS Commentary - 5:15PM MBS RECAP: Inconsequential Trading Day With Some MBS Underperformance Inconsequential Trading Day With Some MBS Underperformance Today was remarkably unremarkable. Volume and volatility were low, in general. There were no significant economic reports ... MBS Day Ahead: Covid Stats Continue Making Bullish Case For Bonds MLO Jobs; Hedging, Sales, Education, Automation, Processing Tools; FHA and VA News Latest Video What we're seeing today is overcapacity in the system, says LoanDepot CEO The 9am Bond Report - August 3, 2021 Bell: Fed policy is one of the biggest risks to the markets right now More News from 'Around the Web' Reuters - 5:21PM Slow slog in U.S. Senate for $1 trillion infrastructure bill Reuters - 1:47PM 'Tug of war' as investors digest mixed market messages Fannie Mae - 11:52AM Fannie Mae Second Quarter 2021 Earnings Media Call Remarks CNBC - 11:48AM Household debt jumps by the most in 14 years to nearly $15 trillion in the second quarter Calculated Risk Blog - 11:43AM NY Fed Q2 Report: Total Household Debt Increased in Q2 2021 CNBC - 10:46AM NYC's de Blasio mandates vaccines for all indoor activities Calculated Risk Blog - 8:31AM CoreLogic: House Prices up 17.2% Year-over-year in June CNBC - 8:02AM Treasury yields climb, 10-year rate rises to 1.19% Today's Rates Best Execution Rate Change 30 Yr FRM 2.78% -0.02 15 Yr FRM 2.22% -0.01 FHA 30 Year Fixed 2.45% -0.05 Jumbo 30 Year Fixed 2.99% +0.00 5/1 Yr ARM 2.38% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.11% 0.43 +0.02 15 Yr. Fixed 2.46% 0.30 -0.02 30 Yr. Jumbo 3.13% 0.32 -0.03 30 Yr. FHA 3.08% 0.31 -0.07 5/1 ARM 2.74% 0.19 -0.28 Freddie Mac ** 30 Yr. Fixed 2.80% 0.70 +0.02 15 Yr. Fixed 2.10% 0.70 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.45% 0.30 -0.04 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 2.0 102.11 -0.08 30YR UMBS 2.5 104.27 -0.05 30YR GNMA 2.0 102.59 -0.03 30YR GNMA 2.5 103.86 -0.02 15YR UMBS 2.0 103.77 -0.08 15YR UMBS 2.5 104.73 -0.06 Treasuries Yield Change 2 YR 0.1722% -0.0020 5 YR 0.6473% -0.0080 10 YR 1.1738% -0.0051 30 YR 1.8446% -0.0199 Prices as of: 8/3/2021 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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