Daily Newsletter: Refinance Volume Ramps Down on Rising Rates; Mortgage Bonds Beat Treasuries, But No Big Bounce

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30 Year Fixed 3.15%   +0.01 15 Year Fixed 2.54%   +0.02 10YR Treasury 1.48%   +0.0860 View Today's Rates

Wednesday March 3, 2021 MND NewsWire - 8:25AM Refinance Volume Ramps Down on Rising Rates Mortgage application volume rose for the first time in four weeks during the week ended February 26, but it was only a marginal increase. The Mortgage Bankers Association (MBA) said ... MBS Commentary - 3:51PM MBS RECAP: MBS Outperform, But Bonds Fail To Confirm The Bounce MBS Outperform, But Bonds Fail To Confirm The Bounce Tuesday's gains increased odds that a friendly bounce was in the works, but overnight and AM weakness put an end to the optimism ... Pipeline Press - 10:52AM AE, MLO Jobs; Broker, Sales, VOE Tools; URLA and Processing News; More Talk of an Economic Recovery To listen to the audio version of today’s commentary with an interview with STRATMOR Group’s resident recovering accountant Jim Cameron on handy metrics for MLOs to be aware ... MBS Commentary - 9:30AM MBS Day Ahead: Early Weakness Means Failure to Confirm Friendly Bounce Bonds had a great day yesterday--not so much because the rally covered a ton of ground, but rather because it helped build a case for the end of the more abrupt selling pressure seen ... Home Price Appreciation Broke an 8-Year Record in January With Protections Expiring, Millions are in Danger of Losing Their Home Latest Video Mortgage application demand stalls as interest rates rise Federal Reserve: Economic activity expanded modestly The 9am Bond Report - March 03, 2021 More News from 'Around the Web' Reuters - 4:09PM Fed says U.S. economy got off to modest start in 2021 CFPB - 4:07PM CFPB Proposes Delay of Mandatory Compliance Date for General Qualified Mortgage Final Rule Reuters - 12:56PM U.S. Senate negotiates limits in Biden's $1.9 trillion COVID-19 bill before vote CNBC - 12:55PM ECB could tweak its pandemic stimulus as bond yields surge, Germany's Weidmann says webfeeds.brookings.edu - 12:55PM Four lessons from a year of pandemic housing policies Calculated Risk Blog - 11:42AM ISM® Services Index decreased to 55.3% in February www.zerohedge.com - 9:16AM JPM Now Expects The US To Add 675,000 Jobs Every Month finance.yahoo.com - 8:40AM ECB Said to See No Need for Drastic Action to Rein In Yields CNBC - 8:26AM Private payrolls growth well short of expectations for February, ADP says Reuters - 8:10AM World stocks gain as bond yields steady Today's Rates Best Execution Rate Change 30 Yr FRM 3.15% +0.01 15 Yr FRM 2.54% +0.02 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.38% +0.01 5/1 Yr ARM 2.44% -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 3.23% 0.48 +0.15 15 Yr. Fixed 2.64% 0.39 +0.08 30 Yr. Jumbo 3.33% 0.41 +0.10 30 Yr. FHA 3.19% 0.30 +0.19 5/1 ARM 2.84% 0.58 +0.01 Freddie Mac ** 30 Yr. Fixed 2.97% 0.60 +0.16 15 Yr. Fixed 2.34% 0.60 +0.13 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.99% 0.10 +0.22 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 2.0 100.98 -0.50 30YR UMBS 2.5 103.73 -0.28 30YR GNMA 2.0 101.78 -0.38 30YR GNMA 2.5 103.72 -0.30 15YR UMBS 2.0 103.47 -0.13 15YR UMBS 2.5 104.66 -0.05 Treasuries Yield Change 2 YR 0.1427% +0.0197 5 YR 0.7316% +0.0690 10 YR 1.4842% +0.0860 30 YR 2.2751% +0.0763 Prices as of: 3/3/2021 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. © 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: Rates Finally Catching a Break; Appreciation Breaks 8-Year Record; Millions in Danger of Losing Homes

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30 Year Fixed 3.14%   -0.08 15 Year Fixed 2.52%   -0.06 10YR Treasury 1.39%   -0.0307 View Today's Rates

Tuesday March 2, 2021 Mortgage Rate Watch - 4:40PM Mortgage Rates Finally Catching a Break In the past 2 decades , there have been 6 months where mortgage rates rose at least 50 basis points. February 2021 was one of them. Moreover, it was one of only 2 of those months where ... MND NewsWire - 12:22PM Home Price Appreciation Broke an 8-Year Record in January CoreLogic says home prices in January were 10 percent higher than a year earlier. It was the first double digit increase in the company's Home Price Index (HPI) since November 2013 ... MND NewsWire - 10:28AM With Protections Expiring, Millions are in Danger of Losing Their Home What happens to homeowners and landlords when the federal, state, and local protections put in place during the pandemic go away? The Consumer Financial Protection Bureau (CFPB) is ... MBS Commentary - 9:34AM MBS Day Ahead: Here's The New Short-Term Trend to Watch - The absence of stronger gains this week means bonds remain inside their short-term uptrend (see chart) - 100% focus on UMBS 2.5 coupon ( why? ) - "lower high" yield yesterday and ... MBS RECAP: Much Better Day For Bonds. Dare We Discuss It? New products, Fee Collection, Sales, VOE Tools; Events and Webinars: All This Week! Latest Video Global growth expectations are driving rates, not inflation fears, says UBS's Alli McCartney The 9am Bond Report - March 02, 2021 Avallone: The fear of the 10-year yield heading towards 2% and staying there are a bit exaggerated More News from 'Around the Web' Reuters - 4:26PM Fed officials emphasize policy 'patience' as outlook improves CNBC - 3:31PM Guggenheim's Minerd says don't count on rising yields, believes U.S. could even see negative rates www.freddiemac.com - 3:30PM Help for Homeowners and Renters Reuters - 3:30PM Analysis: Fixed-income markets wary of Fed decision on bank capital relief CNBC - 1:59PM Senators call for recurring stimulus checks, automatic unemployment insurance extensions Reuters - 1:56PM U.S. House's Hoyer: House in near future to take up bill to raise minimum wage to $15 CNBC - 9:54AM European markets edge higher as U.S. bond yields stabilize Calculated Risk Blog - 9:15AM CoreLogic: House Prices up 10.0% Year-over-year in January Reuters - 8:25AM Bond selloff eases but risk gauges flash orange CNBC - 8:18AM Fed policy changes could be coming in response to bond market turmoil Today's Rates Best Execution Rate Change 30 Yr FRM 3.14% -0.08 15 Yr FRM 2.52% -0.06 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.37% -0.03 5/1 Yr ARM 2.45% +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 3.08% 0.46 +0.10 15 Yr. Fixed 2.56% 0.40 +0.09 30 Yr. Jumbo 3.23% 0.43 +0.12 30 Yr. FHA 3.00% 0.33 +0.07 5/1 ARM 2.83% 0.36 +0.00 Freddie Mac ** 30 Yr. Fixed 2.97% 0.60 +0.16 15 Yr. Fixed 2.34% 0.60 +0.13 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.99% 0.10 +0.22 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 2.0 101.48 +0.27 30YR UMBS 2.5 104.08 +0.23 30YR GNMA 2.0 102.17 +0.31 30YR GNMA 2.5 104.02 +0.20 15YR UMBS 2.0 103.72 +0.17 15YR UMBS 2.5 104.78 +0.16 Treasuries Yield Change 2 YR 0.1230% +0.0019 5 YR 0.6610% -0.0367 10 YR 1.3948% -0.0307 30 YR 2.1943% -0.0045 Prices as of: 3/2/2021 4:56PM 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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Daily Newsletter: Too Strong to Give Up Hope. Too Weak to Rest Easy; Construction Spending Doubles Expectations

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30 Year Fixed 3.22%   -0.05 15 Year Fixed 2.58%   -0.06 10YR Treasury 1.42%   +0.0155 View Today's Rates

Monday March 1, 2021 MBS Commentary - 3:57PM MBS RECAP: Too Strong to Give Up Hope. Too Weak to Rest Easy Too Strong to Give Up Hope. Too Weak to Rest Easy - New week, new month, new chance for yields to confirm a ceiling after last week's rout - Mixed results for bonds today with early ... MND NewsWire - 4:00PM Construction Spending Rising Twice as Fast as Expected Construction expenditures started 2021 displaying the same imbalance between the growth of residential and non-residential spending that had dominated much of 2020. The U.S. Census ... MBS Commentary - 10:13AM MBS Day Ahead: Battle For The Bounce (And Fibonacci Strikes Back?) After Friday's impressive (and much-needed) bounce toward lower yields, the new week/month took on even greater importance than normal as a venue for a shift in the recently ultra-bearish ... Ops, MLO Jobs; Sales, Non-QM, HELOC Products; Agency and Investor Disaster Policies; the Fed and Rates Forbearances Post Typical Mid-Month Increase Latest Video Higher rates and high prices squeezing homebuyers PIMCO's Schneider: Shifting the Treasury's general account puts more pressure on rates How rising rates are impacting REIT ETFs More News from 'Around the Web' CNBC - 3:04PM 'This bond market is so radically oversold,' economist David Rosenberg says CFPB - 3:03PM New Report From Consumer Financial Protection Bureau Finds Over 11 Million Families At Risk Of Losing Housing www.redfin.com - 3:02PM One Year Later: The Coronavirus Pandemic's Impact on the U.S. Housing Market In 12 Charts Fannie Mae - 3:02PM Fannie Mae Releases January 2021 Monthly Summary Reuters - 3:02PM S&P 500 set for best day in nine months on vaccine, stimulus cheer Calculated Risk Blog - 10:18AM Construction Spending Increased 1.7% in January Calculated Risk Blog - 10:07AM Housing Inventory March 1st Update: At Record Lows Reuters - 9:21AM Pent-up demand driving global factory revival CNBC - 9:02AM European markets bounce, following global rally as Treasury yields fall; Stoxx 600 up 1.4% Reuters - 8:19AM Wall Street set for higher open as bond markets calm; PMIs in focus Today's Rates Best Execution Rate Change 30 Yr FRM 3.22% -0.05 15 Yr FRM 2.58% -0.06 FHA 30 Year Fixed 2.75% -0.13 Jumbo 30 Year Fixed 3.40% -0.10 5/1 Yr ARM 2.44% +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 3.08% 0.46 +0.10 15 Yr. Fixed 2.56% 0.40 +0.09 30 Yr. Jumbo 3.23% 0.43 +0.12 30 Yr. FHA 3.00% 0.33 +0.07 5/1 ARM 2.83% 0.36 +0.00 Freddie Mac ** 30 Yr. Fixed 2.97% 0.60 +0.16 15 Yr. Fixed 2.34% 0.60 +0.13 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.99% 0.10 +0.22 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 2.0 101.25 +0.27 30YR UMBS 2.5 103.81 +0.11 30YR GNMA 2.0 101.89 +0.22 30YR GNMA 2.5 103.84 +0.17 15YR UMBS 2.0 103.55 +0.13 15YR UMBS 2.5 104.59 +0.11 Treasuries Yield Change 2 YR 0.1191% -0.0098 5 YR 0.6929% -0.0368 10 YR 1.4221% +0.0155 30 YR 2.1936% +0.0394 Prices as of: 3/1/2021 4:26PM 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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