Daily Newsletter: Construction Numbers Pushed Higher by Multifamily Surge; Potentially Big Day Ahead For Rates

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30 Year Fixed 3.00%   +0.00 15 Year Fixed 2.44%   -0.01 10YR Treasury 1.32%   +0.0102 View Today's Rates

Tuesday September 21, 2021 MND NewsWire - 11:36AM Construction Numbers Pushed Higher by Multifamily Surge Residential construction numbers were a surprise again in August. Permits for construction and housing starts were both higher than expected, however, multifamily numbers were driving ... MND NewsWire - 11:34AM Freddie Mac Confirms Heightened Appraisal Gaps in Minority Areas A cluster of stories about appraised values of homes in minority areas hit the national news earlier this summer and now Freddie Mac has released an analysis of the smoke/fire variety ... Mortgage Rate Watch - 2:24PM Mortgage Rates Little-Changed Ahead of Fed Day By the end of last week, mortgage rates moved up to match their highest levels in 2 months. After a modest recovery yesterday, today's rates are little-changed. As is often the case ... MBS Morning: With 1 Day Left, Pre-Fed Range Remains Intact Sales, MLO Jobs; Education, Tax, Sales, Pre-Qual, Licensing Products; Lender Stock Prices; Events; Forbearance Improvement Latest Video Could the Fed announce a taper this week? Former Dallas Fed president on what to expect from Fed meeting Fed survey: December start for taper, no rate hikes until late 2022 More News from 'Around the Web' CNBC - 3:42PM The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying Calculated Risk Blog - 3:42PM Prime Age Participation Rate CNBC - 1:49PM The Fed likely will wait until November for taper announcement, CNBC survey indicates Reuters - 11:30AM U.S. House to vote Tuesday to fund gov't through Dec. 3, raise debt limit Reuters - 9:56AM China Evergrande's rising default risks shift focus to possible Beijing rescue Calculated Risk Blog - 8:54AM Housing Starts increased to 1.615 Million Annual Rate in August CNBC - 8:05AM U.S. Treasury yields bounce slightly after Monday's big sell-off in equities Today's Rates Best Execution Rate Change 30 Yr FRM 3.00% +0.00 15 Yr FRM 2.44% -0.01 FHA 30 Year Fixed 2.62% -0.02 Jumbo 30 Year Fixed 3.08% -0.01 5/1 Yr ARM 2.65% +0.02 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 2.86% 0.70 -0.02 15 Yr. Fixed 2.12% 0.60 -0.07 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.51% 0.10 +0.09 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 2.0 101.03 -0.05 30YR UMBS 2.5 103.70 +0.05 30YR GNMA 2.0 101.80 -0.05 30YR GNMA 2.5 103.23 +0.06 15YR UMBS 2.0 103.44 +0.03 15YR UMBS 2.5 104.53 -0.02 Treasuries Yield Change 2 YR 0.2139% -0.0059 5 YR 0.8292% +0.0032 10 YR 1.3226% +0.0102 30 YR 1.8551% +0.0067 Prices as of: 9/21/2021 3:56PM 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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