Daily Newsletter: Forbearances Tumble; Mortgage Profits Break 2008's Record; Locking/Floating After Jobs Report

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30 Year Fixed 3.13%   +0.00 15 Year Fixed 2.53%   -0.01 10YR Treasury 1.63%   +0.0358 View Today's Rates

Friday June 4, 2021 MND NewsWire - 10:43AM Forbearances Tumble Due to May Expirations The number of loans in forbearance declined sharply over the course of the past week. Black Knight said the number of homeowners exiting their plans jumped to the highest level in four ... MND NewsWire - 8:45AM 1st Quarter Mortgage Profits Just Broke a 2008 Record It wasn't a complete record setter, but mortgage bankers still established a few same quarter and other new highs as they kicked off the year with another profitable quarter. The first ... MBS Commentary - 3:05PM MBS RECAP: Locking vs Floating After Today's Jobs Report Locking vs Floating After Today's Jobs Report NFP missed the mark and bonds ultimately rallied today. That rally sets up a solid lock opportunity (either "today" or "soon," depending ... Mortgage Rate Watch - 7:47PM What This Week's Jobs Report Means For Rates All eyes were on the big jobs report this week. Traders were anxious to see if it would be strong enough to accelerate the timeline for key policy changes that would greatly impact ... Servicing, Ops, MLO Jobs; Purchase, Appraisal, PMI, Retention Tools; Investors React to Agency Changes MBS Day Ahead: Market of Two Minds After Ho-Hum Jobs Report Latest Video Once the Fed changes policy, 'the tide' is going to go out, says Ron Insana Wall Street hasn't been good at forecasting job growth during the pandemic Wells Fargo: We're entering a tougher phase of the labor market recovery More News from 'Around the Web' Calculated Risk Blog - 1:26PM AAR: May Rail Carloads down, Intermodal Up Compared to 2019 www.redfin.com - 12:32PM Housing Market Update: Is Relief From The Red-Hot Market On Its Way? Calculated Risk Blog - 12:32PM Hotels: Occupancy Rate Down 4% Compared to Same Week in 2019 CNBC - 11:34AM Jobs report shows improvement, but not strong enough to get Fed talking about tapering CNBC - 10:59AM The best ways to tap your house for cash Reuters - 9:15AM U.S. job growth picks up in May; unemployment rate falls to 5.8% www.redfin.com - 9:15AM 1,500 Austin Homes Have Sold For More Than $100,000 Above Asking Price This Year. The Same Time Last Year, It Was 22. CNBC - 8:27AM U.S. Treasury yields hold firm ahead of jobs report Reuters - 8:15AM Oil extends gains on OPEC+ discipline and demand hopes www.yahoo.com - 8:13AM Everyone stop, it's payrolls Friday Today's Rates Best Execution Rate Change 30 Yr FRM 3.13% +0.00 15 Yr FRM 2.53% -0.01 FHA 30 Year Fixed 2.64% -0.01 Jumbo 30 Year Fixed 3.12% +0.00 5/1 Yr ARM 2.25% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.17% 0.30 -0.03 15 Yr. Fixed 2.55% 0.30 -0.10 30 Yr. Jumbo 3.28% 0.30 -0.06 30 Yr. FHA 3.12% 0.24 -0.03 5/1 ARM 2.59% 0.47 -0.08 Freddie Mac ** 30 Yr. Fixed 2.99% 0.60 +0.04 15 Yr. Fixed 2.27% 0.60 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.64% 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 2.0 100.72 -0.28 30YR UMBS 2.5 103.36 -0.19 30YR GNMA 2.0 101.50 -0.23 30YR GNMA 2.5 103.36 -0.05 15YR UMBS 2.0 103.19 -0.14 15YR UMBS 2.5 104.33 -0.02 Treasuries Yield Change 2 YR 0.1584% +0.0118 5 YR 0.8429% +0.0481 10 YR 1.6250% +0.0358 30 YR 2.2974% +0.0250 Prices as of: 6/3/2021 3:19PM 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: Bonds Move to Sidelines Ahead of Jobs Report; Rate Volatility Risks; Census Bureau on Home Features

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30 Year Fixed 3.13%   +0.02 15 Year Fixed 2.54%   +0.01 10YR Treasury 1.63%   +0.0358 View Today's Rates

Thursday June 3, 2021 Mortgage Rate Watch - 4:39PM Mortgage Rate Volatility Risks Increase Tomorrow Mortgage rates were higher again today with multiple lenders making additional upward adjustments in the middle of the day in response to bond market volatility. The prices/yields of ... MBS Commentary - 9:48AM MBS Day Ahead: Vague Threats From Jobs Data, But Bonds Want The Real Thing A clear theme has emerged this morning. The day's early jobs-related reports have all come out noticeably stronger (technically Challenger Layoffs increased, but 24k is still extraordinarily ... MND NewsWire - 8:11AM Census Report Itemizes New Home Features The U.S. Census Bureau has released pieces of its 2020 report, Characteristics of New Housing. This is a massive annual compilation of data on what builders are building and, hopefully ... Underwriter, MLO, Relationship Mgr. Jobs; Sales, Pricing, Processing Tools; VA and FHA Changes GSE Scramble to Comply with FHFA, CFPB Changes Latest Video Employers and the great reshuffling of American workers The 9am Bond Report - June 3, 2021 Private payrolls rose by 978,000 in May, vs 680,000 estimate: ADP More News from 'Around the Web' CNBC - 4:37PM More than 14% of renters are still behind as national eviction ban comes to an end Fannie Mae - 2:22PM Fannie Mae Extends Protections for Renters Affected by COVID-19 Fannie Mae - 2:21PM Fannie Mae Launches 'Your Own Story,' Provides Important Facts and Information for Future Homeowners Calculated Risk Blog - 11:39AM May Vehicles Sales decreased to 16.99 Million SAAR Reuters - 10:42AM U.S. service sector index at record high in May; input costs soar - ISM survey CNBC - 10:42AM How to avoid overspending in this hot housing market Calculated Risk Blog - 8:59AM Weekly Initial Unemployment Claims decrease to 385,000 CNBC - 8:29AM Companies hired nearly a million new workers in May, ADP says CNBC - 8:08AM U.S. Treasury yields mixed ahead of economic data Today's Rates Best Execution Rate Change 30 Yr FRM 3.13% +0.02 15 Yr FRM 2.54% +0.01 FHA 30 Year Fixed 2.65% +0.03 Jumbo 30 Year Fixed 3.12% +0.00 5/1 Yr ARM 2.25% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.17% 0.30 -0.03 15 Yr. Fixed 2.55% 0.30 -0.10 30 Yr. Jumbo 3.28% 0.30 -0.06 30 Yr. FHA 3.12% 0.24 -0.03 5/1 ARM 2.59% 0.47 -0.08 Freddie Mac ** 30 Yr. Fixed 2.99% 0.60 +0.04 15 Yr. Fixed 2.27% 0.60 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.64% 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 2.0 100.72 -0.28 30YR UMBS 2.5 103.36 -0.19 30YR GNMA 2.0 101.50 -0.23 30YR GNMA 2.5 103.36 -0.05 15YR UMBS 2.0 103.19 -0.14 15YR UMBS 2.5 104.33 -0.02 Treasuries Yield Change 2 YR 0.1584% +0.0118 5 YR 0.8429% +0.0481 10 YR 1.6250% +0.0358 30 YR 2.2974% +0.0250 Prices as of: 6/3/2021 3:19PM 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: Mortgage Application Volume Hits 15-Month Low; Rates Wait For Motivation

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30 Year Fixed 3.11%   -0.02 15 Year Fixed 2.53%   -0.04 10YR Treasury 1.59%   -0.0153 View Today's Rates

Wednesday June 2, 2021 MND NewsWire - 8:11AM Mortgage Application Volume Hits 15-Month Low The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, fell again during the week ended May 28. It was the 15 th time ... MND NewsWire - 1:37PM GSE Scramble to Comply with FHFA, CFPB Changes Fannie Mae and Freddie Mac (the GSEs) are trying to sort out ways to implement several major changes imposed on them from outside sources. Freddie Mac recently issued updates to its ... Mortgage Rate Watch - 4:14PM Mortgage Rates Treading Water, Waiting For Motivation In week-over-week terms, mortgage rates are modestly higher this afternoon compared to last Wednesday. In the slightly bigger picture, however, rates are best thought of as being flat ... MND NewsWire - 1:44PM Is Commute Time Becoming a Housing Factor? While many workers plan, at least according to recent surveys, to continue spending at least part of each week working from home, a shorter commute still seems to be holding increasing ... MBS RECAP: Sideways and Still Waiting on Friday's Jobs Report MLO Jobs; Pricing, Servicing, Processing, VOE Tools; Non-Agency and Jumbo Updates; LO Comp MBS Day Ahead: Settling Into Sideways Pattern (Again) Latest Video Two experts on what the Fed's Beige Book says about the economy Federal Reserve's Beige Book: Economy expanded at moderate pace The 9am Bond Report - June 2, 2021 More News from 'Around the Web' CNBC - 4:01PM Companies spending more on wages and supplies, but still can't find enough workers, Fed report says Federal Reserve - 2:17PM Fed's Beige Book - Full Text CNBC - 2:07PM 3.7 million Americans set to lose unemployment benefits early as 25 states exit federal programs Reuters - 12:24PM Fed's Harker says it's time to 'think about thinking about' tapering Calculated Risk Blog - 10:26AM Energy expenditures as a percentage of PCE www.redfin.com - 9:26AM High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes Reuters - 8:41AM Euro zone bond yields slip, shrugging off inflation CNBC - 8:04AM Treasuries little changed as investors await jobs data Today's Rates Best Execution Rate Change 30 Yr FRM 3.11% -0.02 15 Yr FRM 2.53% -0.04 FHA 30 Year Fixed 2.62% +0.00 Jumbo 30 Year Fixed 3.12% -0.01 5/1 Yr ARM 2.25% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.17% 0.30 -0.03 15 Yr. Fixed 2.55% 0.30 -0.10 30 Yr. Jumbo 3.28% 0.30 -0.06 30 Yr. FHA 3.12% 0.24 -0.03 5/1 ARM 2.59% 0.47 -0.08 Freddie Mac ** 30 Yr. Fixed 2.95% 0.70 -0.05 15 Yr. Fixed 2.27% 0.60 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.59% 0.20 +0.00 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 +0.06 30YR UMBS 2.5 103.58 +0.02 30YR GNMA 2.0 101.73 +0.09 30YR GNMA 2.5 103.39 +0.09 15YR UMBS 2.0 103.34 +0.08 15YR UMBS 2.5 104.34 +0.02 Treasuries Yield Change 2 YR 0.1466% -0.0020 5 YR 0.7964% -0.0064 10 YR 1.5909% -0.0153 30 YR 2.2753% -0.0114 Prices as of: 6/2/2021 4:27PM 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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