Daily Newsletter: Minimal Damage For Mortgage Rates Following Fed; Refis Shrink; Homeownership Declines

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30 Year Fixed 3.17%   +0.03 15 Year Fixed 2.55%   +0.02 10YR Treasury 1.60%   +0.0564 View Today's Rates

Wednesday November 3, 2021 Mortgage Rate Watch - 4:07PM Minimal Damage For Mortgage Rates Following Fed Mortgage rates moved higher today after the Federal Reserve announced a reduction in its rate-friendly bond buying program. Actually, to be fair, rates moved higher before the Fed made ... MND NewsWire - 9:04AM Refi Share of Mortgage Applications Continues to Shrink The volume of mortgage applications as measured by the Mortgage Bankers Association's (MBA's) Market Composite Index declined during the week ended October 29. The Index was down 3 ... MND NewsWire - 9:05AM Homeownership Rates Decline in Every Category The U.S. Census Bureau reports that homeownership was unchanged in the third quarter of 2021 from the rate in the second quarter, 65.4 percent, but was down two full percentage points ... MBS Commentary - 4:08PM Here's What Changed In The New Fed Announcement The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability ... Borrower-Centric, Purchase, Medical Professional Products; Investors' Agency News, Zillow Ends House-Flipping Biz MBS Morning: Fed Day: What Matters, What Doesn't, And When To Watch Latest Video Powell on the Fed's rate-raising plan for 2022 Fed leaves rates unchanged, will begin taper this month Zillow shares tumble as company shutters homebuying business More News from 'Around the Web' Reuters - 3:44PM Wall St edges higher after Fed unveils anticipated bond-buying 'taper' www.redfin.com - 3:43PM Supply of Affordable Homes Posts Record Gain as Mortgage Forbearance Ends CNBC - 3:43PM Traders move up expectations for the Fed's first rate hike to the summer of 2022 NY Fed - 2:36PM NY Fed's Statement on MBS Buying Reuters - 2:20PM Fed unveils bond-buying 'taper,' sticks with 'transitory' inflation belief Calculated Risk Blog - 12:50PM The Market Impact of the Closure of Zillow Offers Reuters - 11:32AM With bond-buying 'taper' on track, Fed turns wary eye to inflation Calculated Risk Blog - 10:33AM ISM® Services Index Increased to 66.7% in October Fannie Mae - 9:24AM Fannie Mae Executes Credit Insurance Risk Transfer Transaction on $32 Billion of Single-Family Loans CNBC - 8:26AM Private payrolls up 571,000 in October on jump in hospitality hires, topping 395,000 estimate The Basis Point - 8:09AM Zillow smart to end homebuying & refocus on $1.8b lead biz CNBC - 8:08AM Treasury yields fall ahead of Fed policy verdict Today's Rates Best Execution Rate Change 30 Yr FRM 3.17% +0.03 15 Yr FRM 2.55% +0.02 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.12% +0.02 5/1 Yr ARM 3.00% +0.00 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 3.14% 0.70 +0.05 15 Yr. Fixed 2.37% 0.70 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.56% 0.30 +0.02 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 99.86 -0.25 30YR UMBS 2.5 102.63 -0.19 30YR GNMA 2.0 101.23 -0.16 30YR GNMA 2.5 102.44 -0.25 15YR UMBS 2.0 102.50 -0.16 15YR UMBS 2.5 103.72 -0.13 Treasuries Yield Change 2 YR 0.4718% +0.0238 5 YR 1.1881% +0.0454 10 YR 1.6034% +0.0564 30 YR 2.0259% +0.0676 Prices as of: 11/3/2021 4:30PM 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: Breaking Down The Details on Huge Home Price Appreciation ; Potentially Big Day For Rates Tomorrow

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30 Year Fixed 3.14%   -0.04 15 Year Fixed 2.53%   -0.04 10YR Treasury 1.54%   -0.0175 View Today's Rates

Tuesday November 2, 2021 MND NewsWire - 3:58PM Breaking Down The Details on Huge Home Price Appreciation CoreLogic says that demand for homebuying remained strong through the end of summer. Along with the ongoing shortage of available homes, demand drove the annual price increase for September ... Mortgage Rate Watch - 3:58PM Another Good Day For Rates, But Tomorrow is Anyone's Guess Mortgage rates began the day moderately lower compared to yesterday's latest levels. The size of the move depends on the time of day in question due to intraday movement in the bond ... MND NewsWire - 3:51PM Residential Construction Spending Fades for Second Month Construction spending decreased 0.5 percent from August to September according to data released by the U.S. Census Bureau. Total spending was at a seasonally adjusted annual rate of ... MBS Commentary - 3:45PM MBS RECAP: Does Precedent Matter For 2021 Taper Announcement? Does Precedent Matter For 2021 Taper Announcement? Bonds rallied today, depending on when and where you look. Treasuries did better than MBS and were in stronger territory more reliably ... MBS Morning: Tuesday's Marching Orders: Occupy Time Before Fed Day Fannie/Freddie Report Lower Quarterly Revenues, Profits Latest Video More than 14 million homeowners refinanced during the pandemic It's time to retire the word 'transitory' in 2022, says Ironsides Macroeconomics' Barry Knapp CNBC Fed Survey: Taper imminent, inflation now biggest economic threat More News from 'Around the Web' webfeeds.brookings.edu - 1:17PM States under time crunch to provide housing assistance: How to fix it Calculated Risk Blog - 1:17PM HVS: Q3 2021 Homeownership and Vacancy Rates Calculated Risk Blog - 8:42AM CoreLogic: House Prices up 18% YoY in September CNBC - 8:03AM The Fed is expected to announce end to bond-buying program as investors seek clues on first hike Today's Rates Best Execution Rate Change 30 Yr FRM 3.14% -0.04 15 Yr FRM 2.53% -0.04 FHA 30 Year Fixed 2.75% -0.05 Jumbo 30 Year Fixed 3.10% -0.04 5/1 Yr ARM 3.00% -0.12 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 3.14% 0.70 +0.05 15 Yr. Fixed 2.37% 0.70 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.56% 0.30 +0.02 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 2.0 100.11 +0.05 30YR UMBS 2.5 102.81 +0.02 30YR GNMA 2.0 101.42 +0.02 30YR GNMA 2.5 102.72 +0.17 15YR UMBS 2.0 102.67 +0.13 15YR UMBS 2.5 103.89 +0.03 Treasuries Yield Change 2 YR 0.4440% -0.0571 5 YR 1.1411% -0.0404 10 YR 1.5435% -0.0175 30 YR 1.9583% -0.0124 Prices as of: 11/2/2021 4:10PM 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: Black Knight Sees Remaining Potential, Upcoming Shift in Refis; Rates Catch Up

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30 Year Fixed 3.18%   -0.04 15 Year Fixed 2.57%   -0.05 10YR Treasury 1.56%   +0.0001 View Today's Rates

Monday November 1, 2021 MND NewsWire - 12:01PM Black Knight Sees Remaining Potential, Upcoming Shift in Refis Black Knight says that, amid all of the aid and stimulus provided to keep the economy rolling along during the pandemic, one aspect that doesn't get a lot of attention is refinancing ... MND NewsWire - 1:18PM Fannie/Freddie Report Lower Quarterly Revenues, Profits Fannie Mae and Freddie Mac (the GSEs) reported their respective third quarter 2021 financial results on Friday. Both posted significant increases in net income from the same period ... Mortgage Rate Watch - 4:02PM Mortgage Rates Catch Up To Last Week's Market Movement (That's a Good Thing) Mortgage rates moved moderately lower today despite an absence of significant movement in the bond market. In general, when bonds improve, rates fall (and vice versa), but it's not ... MBS Commentary - 4:02PM MBS RECAP: Bonds Battle Back After Slightly Weaker Start Bonds Battle Back After Slightly Weaker Start There are bigger-picture, thematic trends in the bond market and then there are incidental, day-to-day movements that simply pass the time ... Processing, HELOC, MSR Products; Extensive Range of Training and Events for November MBS Morning: Taper Time is Here, But It's Not The Only Market Mover Latest Video The 9am Bond Report - November 1, 2021 LoanDepot CEO says the biggest issue in housing market is lack of inventory Consumer confidence high despite higher prices, says chief economist More News from 'Around the Web' Calculated Risk Blog - 3:41PM The Rapid Increase in Rents Continues Reuters - 2:38PM Manchin will not commit to backing $1.75 trillion spending bill CNBC - 2:38PM When your rent goes up 40%. As pandemic fades, many tenants see big hikes Calculated Risk Blog - 12:03PM Housing Inventory Nov 1st Update: Inventory Down 2.2% Week-over-week Calculated Risk Blog - 10:47AM Construction Spending Decreased in September CNBC - 10:47AM Yellen tells Biden that Fed Chair Powell has done a 'good job' as renomination looms Calculated Risk Blog - 10:47AM ISM® Manufacturing index decreased to 60.8% in October CNBC - 8:04AM Treasury yields start the week higher with Fed meeting in focus Today's Rates Best Execution Rate Change 30 Yr FRM 3.18% -0.04 15 Yr FRM 2.57% -0.05 FHA 30 Year Fixed 2.80% -0.05 Jumbo 30 Year Fixed 3.14% -0.02 5/1 Yr ARM 3.40% +0.31 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 3.14% 0.70 +0.05 15 Yr. Fixed 2.37% 0.70 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.56% 0.30 +0.02 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 2.0 100.06 +0.09 30YR UMBS 2.5 102.80 +0.05 30YR GNMA 2.0 101.39 +0.09 30YR GNMA 2.5 102.56 +0.03 15YR UMBS 2.0 102.58 -0.02 15YR UMBS 2.5 103.88 0.00 Treasuries Yield Change 2 YR 0.5011% +0.0001 5 YR 1.1815% -0.0033 10 YR 1.5610% +0.0001 30 YR 1.9638% +0.0248 Prices as of: 11/1/2021 4:28PM 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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