Daily Newsletter: Over 80% of Forbearances are Being Extended; Rate Rules Are Out The Window

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30 Year Fixed 2.83%   +0.01 15 Year Fixed 2.38%   +0.00 10YR Treasury 0.97%   +0.0613 View Today's Rates

Friday December 4, 2020 MND NewsWire - 10:27AM Over 80% of Forbearance Plans are Being Extended Mortgage forbearances for homeowners affected financially by the pandemic declined slightly over the past week. Black Knight said that there were 200,000 plans scheduled to expire at ... MND NewsWire - 1:55PM Innovations in Home-Buying Process May be Fueling Pricing Frenzy A noted housing researcher has analyzed the current frenzy of home buying and the rapidly escalating prices since the country emerged from its short-lived spring pandemic shutdown. ... Mortgage Rate Watch - 5:53PM Mortgage Rate Rules Are Completely Out The Window Mortgage loans ultimately "turn into" bonds and those bonds have a certain value to investors. When those values change, so do the rates offered by mortgage lenders. This is basically ... MBS Day Ahead: Why Are Bonds Weaker Despite Big Miss in Jobs Report? Servicing, MLO, Ops Jobs; Cybersecurity, VA IRRRL, Non-QM Tools; Events and Training Latest Video The U.S. economy only added 245,000 jobs in November, far fewer than expected The 9 a.m. Bond Report: December 4, 2020 U.S. added 245,000 jobs in November, vs 440,000 expected More News from 'Around the Web' CNBC - 2:05PM Restaurant industry loses jobs for the first time since April as new restrictions hit employment www.realtor.com - 1:26PM U.S. Sees Rise in Appetite for Single-Family Homes—Especially of the Luxury Variety eyeonhousing.org - 12:23PM Residential Construction Is Recovering Faster Than Non-Residential Construction Calculated Risk Blog - 11:31AM Trade Deficit Increased to $63.1 Billion in October CNBC - 9:27AM Stimulus relief could include a break for school expenses — but not everyone will benefit CNBC - 8:32AM U.S. added 245,000 jobs in November, vs 440,000 expected CNBC - 8:01AM Brexit talks reach critical point as UK says chances of deal are receding CNBC - 8:00AM This under-the-radar policy risk could set off a tantrum in rates at the next Fed meeting Today's Rates Best Execution Rate Change 30 Yr FRM 2.83% +0.01 15 Yr FRM 2.38% +0.00 FHA 30 Year Fixed 2.37% -0.01 Jumbo 30 Year Fixed 3.20% -0.02 5/1 Yr ARM 2.50% -0.02 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 2.99% 0.37 +0.01 15 Yr. Fixed 2.59% 0.35 +0.04 30 Yr. Jumbo 3.11% 0.28 -0.02 30 Yr. FHA 3.11% 0.37 +0.03 5/1 ARM 2.84% 0.53 +0.05 Freddie Mac ** 30 Yr. Fixed 2.71% 0.70 -0.01 15 Yr. Fixed 2.26% 0.60 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.86% 0.30 -0.30 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 2.0 103.45 -0.23 30YR UMBS 2.5 104.75 -0.11 30YR GNMA 2.0 104.00 -0.22 30YR GNMA 2.5 104.83 -0.13 15YR UMBS 2.0 104.00 -0.06 15YR UMBS 2.5 104.00 -0.02 Treasuries Yield Change 2 YR 0.1527% +0.0001 5 YR 0.4226% +0.0270 10 YR 0.9725% +0.0613 30 YR 1.7412% +0.0850 Prices as of: 12/4/2020 5:06PM 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. © 2020 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: FHA Loan Limits Officially Increase; Breaking Down The Crazy Relationship of MBS, Mortgage Rates, and Treasuries

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30 Year Fixed 2.83%   +0.01 15 Year Fixed 2.39%   +0.01 10YR Treasury 0.94%   +0.0116 View Today's Rates

Wednesday December 2, 2020 MBS Commentary - 4:06PM MBS RECAP: Breaking Down The Crazy Relationship of MBS, Mortgage Rates, and Treasuries Breaking Down The Crazy Relationship of MBS, Mortgage Rates, and Treasuries Bonds showed up to sell today--at least Treasuries did. MBS, not so much! That was the focus of the morning ... Mortgage Rate Watch - 4:19PM Mortgage Rates Continue Defying Bond Market Weakness Although it was the focus of yesterday's discussion , the ability of the mortgage market to hold steady in the face of bond market weakness continues to impress . This is interesting ... MND NewsWire - 3:08PM FHA Loan Limits Move Up To A Floor of $356,362 The Department of Housing and Urban Development (HUD) has published its 2021 Forward Mortgage Limits for FHA loans. The FHA limits are based on the Federal Housing Finance Agency's ... MND NewsWire - 8:08AM Home Purchase Activity up 9% Despite a Slow Holiday Week There was the usual disruption to mortgage application activity during the Thanksgiving holiday week that ended November 27, although the volume, especially of purchase applications ... MLO Jobs; Docs, Accounting, Jumbo, Appraisal, Customer Service Products; Rates Moving With Stimulus Rumors MBS Day Ahead: The Absolutely Ridiculous State of Mortgage Rates vs MBS vs Treasuries Latest Video Return of inflation? How to trade the 10-year Treasury note Pelosi, Schumer: Bipartisan plan should be basis for immediate Covid aid talks The 9 a.m. Bond Report: December 2, 2020 More News from 'Around the Web' Calculated Risk Blog - 3:06PM Fed's Beige Book: "modest or moderate" Growth in Economic Activity, Some Districts see "No growth" CNBC - 3:06PM McConnell and Hoyer will discuss coronavirus stimulus as Congress scrambles to approve aid www.linkedin.com - 12:45PM Agency MBS Issuance Records Are Utterly Staggering www.npr.org - 12:16PM CDC Shortens Its COVID-19 Quarantine Recommendations www.hud.gov - 11:24AM FHA Releases Updated Loan Limits CNBC - 11:01AM Mortgage refinancing is hot, but using your home as an ATM is not CNBC - 10:00AM Watch Fed Chair Jerome Powell and Treasury chief Mnuchin speak to House panel live Calculated Risk Blog - 9:59AM November Vehicles Sales decreased to 15.55 Million SAAR eyeonhousing.org - 9:11AM Home Price Appreciation Soars in September Calculated Risk Blog - 8:34AM ADP: Private Employment increased 307,000 in November CNBC - 8:03AM What Janet Yellen's nomination as Treasury secretary means for U.S. policy on China and trade news.google.com - 8:03AM Fed Chair Powell: Stimulus legislation deserves 'lion's share of the credit' for economy rebound, more would help Today's Rates Best Execution Rate Change 30 Yr FRM 2.83% +0.01 15 Yr FRM 2.39% +0.01 FHA 30 Year Fixed 2.38% +0.05 Jumbo 30 Year Fixed 3.25% +0.03 5/1 Yr ARM 2.60% -0.02 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 2.99% 0.37 +0.01 15 Yr. Fixed 2.59% 0.35 +0.04 30 Yr. Jumbo 3.11% 0.28 -0.02 30 Yr. FHA 3.11% 0.37 +0.03 5/1 ARM 2.84% 0.53 +0.05 Freddie Mac ** 30 Yr. Fixed 2.72% 0.70 +0.00 15 Yr. Fixed 2.28% 0.60 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.16% 0.30 +0.31 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 2.0 103.67 +0.06 30YR UMBS 2.5 104.83 +0.08 30YR GNMA 2.0 104.27 -0.02 30YR GNMA 2.5 105.03 -0.02 15YR UMBS 2.0 104.02 +0.02 15YR UMBS 2.5 104.00 +0.05 Treasuries Yield Change 2 YR 0.1623% -0.0078 5 YR 0.4162% -0.0031 10 YR 0.9409% +0.0116 30 YR 1.6944% +0.0235 Prices as of: 12/2/2020 4:34PM 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. © 2020 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Rates Surprisingly Steady Despite Market Drama; Home Price Gains Break 6 yr Record

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30 Year Fixed 2.82%   -0.01 15 Year Fixed 2.38%   +0.00 10YR Treasury 0.93%   +0.0921 View Today's Rates

Tuesday December 1, 2020 Mortgage Rate Watch - 4:05PM Mortgage Rates Surprisingly Steady Despite Market Drama Like many industries, housing finance has a superficial layer that's fairly easy to understand for the average consumer. A person wants a home. They don't want to pay cash. They get ... MND NewsWire - 10:44AM October's Home Price Gains Break a Six-Year Record That the rapid rise in home prices since spring is setting near decade long highs was confirmed again this week , this time by CoreLogic. The company says its Home Price Index (HPI ... MBS Commentary - 4:06PM MBS RECAP: Serious Sell-Off in Bonds. Time to Panic? Serious Sell-Off in Bonds. Time to Panic? A new month brought in new momentum for the bond market--a lot of it--and not the good kind! Treasuries had it far worse than MBS, but MBS ... MND NewsWire - 11:39AM Residential Sector Was Key to October Construction Spending Increase Total construction spending in October was at a seasonally adjusted annual rate of $1.439 trillion according to U.S. Census Bureau estimates. This was an increase of 1.3 percent from ... LO, Broker Jobs; Bank Statement, Retention, Subservicer Review Products; Upcoming Webinars This Week MBS Day Ahead: New Month, New (Negative) Momentum. Are We Doomed? Latest Video Mnuchin on ending some emergency lending programs: Statute was very clear The 9 a.m. Bond Report: December 1, 2020 Powell: We will continue to provide strong support for economy and workers More News from 'Around the Web' CNBC - 3:44PM With no $1,200 stimulus checks, latest proposal may not be enough to help hurting Americans, experts say eyeonhousing.org - 1:56PM Suburban Shift for Home Construction Continues into Third Quarter www.npr.org - 1:08PM Rosy Vaccine Outlook Brightens World Economic Forecast, But Recovery May Be Uneven Calculated Risk Blog - 1:07PM Update: Framing Lumber Prices Up 50% Year-over-year Calculated Risk Blog - 11:54AM ISM Manufacturing index Decreased to 57.5 in November Calculated Risk Blog - 10:59AM Construction Spending Increased 1.3% in October CNBC - 9:47AM Lawmakers unveiling bipartisan coronavirus stimulus package as stalemate drags on Calculated Risk Blog - 8:55AM CoreLogic: House Prices up 7.3% Year-over-year in October CNBC - 8:08AM CDC panel is set to vote Tuesday on who gets coronavirus vaccine first CNBC - 8:07AM Treasury yields rise despite coronavirus and economic concerns Today's Rates Best Execution Rate Change 30 Yr FRM 2.82% -0.01 15 Yr FRM 2.38% +0.00 FHA 30 Year Fixed 2.33% +0.01 Jumbo 30 Year Fixed 3.22% -0.01 5/1 Yr ARM 2.62% +0.01 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 2.99% 0.37 +0.01 15 Yr. Fixed 2.59% 0.35 +0.04 30 Yr. Jumbo 3.11% 0.28 -0.02 30 Yr. FHA 3.11% 0.37 +0.03 5/1 ARM 2.84% 0.53 +0.05 Freddie Mac ** 30 Yr. Fixed 2.72% 0.70 +0.00 15 Yr. Fixed 2.28% 0.60 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.16% 0.30 +0.31 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 2.0 103.56 -0.39 30YR UMBS 2.5 104.73 -0.11 30YR GNMA 2.0 104.25 -0.41 30YR GNMA 2.5 105.02 -0.19 15YR UMBS 2.0 103.98 -0.16 15YR UMBS 2.5 103.95 -0.05 Treasuries Yield Change 2 YR 0.1701% +0.0196 5 YR 0.4225% +0.0586 10 YR 0.9343% +0.0921 30 YR 1.6783% +0.1091 Prices as of: 12/1/2020 4:38PM 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. © 2020 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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