Daily Newsletter: Existing Home Sales Pause After Record Run; Rates Edge Higher From All-Time Lows

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30 Year Fixed 2.80%   +0.02 15 Year Fixed 2.34%   -0.01 10YR Treasury 0.92%   -0.0166 View Today's Rates

Tuesday December 22, 2020 MND NewsWire - 11:26AM Existing Home Sales Take a Pause After Five Months of Gains Existing home sales finally took a breather in November, breaking a five month stretch of gains, often substantial ones. The National Association of Realtors® (NAR) said that pre ... Mortgage Rate Watch - 6:54PM Mortgage Rates Edge Higher From Long-Term Lows Mortgage rates hit another all-time low on Friday for most lenders. Other lenders had slightly lower rates yesterday morning. Since then however, almost every lender has moved up from ... MND NewsWire - 8:40AM FHA Extends COVID Relief Measures Until March The Department of Housing and Urban Development (HUD) has extended the timeframe for several of the relief programs it put into effect last spring through its Federal Housing Administration ... MBS Commentary - 3:38PM MBS RECAP: Volatility is Possible, But It Wasn't Possible Today Volatility is Possible, But It Wasn't Possible Today Bonds have decidedly engaged in a stereotypical year-end grind. It's just like any other sideways grind, but the year-end versions ... Correspondent, MLO Jobs; Digital, Trailing Doc; FHA's Foreclosure and Eviction Moratorium Extension MBS Day Ahead: Last Hurdle Cleared; Commence Year-End Grind Latest Video Why home prices aren't likely to go down over the winter Consumer Confidence Index in December at 88.6 vs 97.5 estimated Existing home sales in November drop for the first time in 5 months More News from 'Around the Web' Calculated Risk Blog - 2:33PM Comments on November Existing Home Sales CNBC - 10:26AM Existing home sales declined for the first time in 5 months in November as prices rose and supply fell news.google.com - 8:48AM U.S. third-quarter GDP growth revised slightly higher CNBC - 8:03AM U.S. Treasury yields fall amid fears of new coronavirus strain news.google.com - 8:03AM The next stimulus deal will be even harder to get Today's Rates Best Execution Rate Change 30 Yr FRM 2.80% +0.02 15 Yr FRM 2.34% -0.01 FHA 30 Year Fixed 2.25% +0.00 Jumbo 30 Year Fixed 3.14% +0.01 5/1 Yr ARM 2.29% +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 2.85% 0.33 -0.05 15 Yr. Fixed 2.49% 0.29 -0.02 30 Yr. Jumbo 3.12% 0.33 -0.08 30 Yr. FHA 2.96% 0.42 -0.01 5/1 ARM 2.58% 0.36 -0.02 Freddie Mac ** 30 Yr. Fixed 2.67% 0.70 -0.04 15 Yr. Fixed 2.21% 0.60 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.79% 0.30 +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 2.0 103.55 +0.11 30YR UMBS 2.5 105.17 +0.05 30YR GNMA 2.0 104.09 +0.03 30YR GNMA 2.5 105.03 -0.06 15YR UMBS 2.0 104.30 +0.05 15YR UMBS 2.5 104.22 -0.02 Treasuries Yield Change 2 YR 0.1189% -0.0041 5 YR 0.3654% -0.0160 10 YR 0.9213% -0.0166 30 YR 1.6536% -0.0247 Prices as of: 12/22/2020 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: Mid-Month Forbearance Pattern Repeats; More On Mortgage Rates' Ticking Clock; Freddie Adopting SOFR

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30 Year Fixed 2.77%   -0.02 15 Year Fixed 2.34%   -0.01 10YR Treasury 0.94%   +0.0100 View Today's Rates

Friday December 18, 2020 MND NewsWire - 10:47AM Forbearances Rise, True to Mid-Month Pattern There was an increase in the number of loans in forbearance over the last week as the share within all lender portfolios, even the GSEs', moved higher. Black Knight said, however, that ... Mortgage Rate Watch - 4:57PM Several Charts Showing The Ticking Clock For Rates One major theme in the 2nd half of 2020 is that mortgage rates have been insulated from market drama--walking a different path than their usual best friend, 10yr Treasury yields. If ... MND NewsWire - 10:44AM Freddie is Making the Switch to The Secured Overnight Financing Rate (SOFR) Freddie Mac is touting its readiness to transition from using the London Interbank Offered Rate or LIBOR to the Secured Overnight Financing Rate (SOFR) as a mortgage reference index ... Ops, Branch Manager, LO Jobs; CFO Role Wanted; First American Rebrand; Rural, FHA, VA Program Changes MBS Day Ahead: Bond Market's Full Attention on Stimulus Prospects and Timing Latest Video Last minute issues endanger aid agreement, Toomey proposal limits Fed ability to lend The 9 a.m. Bond Report: December 18, 2020 Snyder: Vaccines could be the biggest stimulus for markets in 2021 Today's Rates Best Execution Rate Change 30 Yr FRM 2.77% -0.02 15 Yr FRM 2.34% -0.01 FHA 30 Year Fixed 2.25% +0.00 Jumbo 30 Year Fixed 3.12% +0.01 5/1 Yr ARM 2.30% -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 2.85% 0.33 -0.05 15 Yr. Fixed 2.49% 0.29 -0.02 30 Yr. Jumbo 3.12% 0.33 -0.08 30 Yr. FHA 2.96% 0.42 -0.01 5/1 ARM 2.58% 0.36 -0.02 Freddie Mac ** 30 Yr. Fixed 2.67% 0.70 -0.04 15 Yr. Fixed 2.21% 0.60 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.79% 0.30 +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 2.0 103.56 -0.05 30YR UMBS 2.5 105.13 +0.03 30YR GNMA 2.0 104.09 -0.06 30YR GNMA 2.5 105.19 +0.31 15YR UMBS 2.0 104.28 +0.03 15YR UMBS 2.5 104.23 +0.03 Treasuries Yield Change 2 YR 0.1230% +0.0000 5 YR 0.3814% +0.0032 10 YR 0.9446% +0.0100 30 YR 1.6898% +0.0088 Prices as of: 12/18/2020 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: Yes, The AVERAGE Loan is Taking Almost 2 Months to Close; Checking in on Record Rates

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30 Year Fixed 2.79%   -0.01 15 Year Fixed 2.35%   -0.02 10YR Treasury 0.93%   +0.0150 View Today's Rates

Thursday December 17, 2020 MND NewsWire - 10:22AM Yes, The AVERAGE Loan is Taking Almost 2 Months to Close According to Ellie Mae's Origination Insight Report, loans closed during November had an average note rate of 2.97 percent. The 30-year note rate for FHA and Conventional loans dropped ... Mortgage Rate Watch - 5:50PM How Much Lower Are Today's "All-Time Low" Mortgage Rates? 2020 has safely secured its place in the record books as the year of all-time lows in mortgage rates --one of them anyway. Several other years have recently boasted as many new instances ... MND NewsWire - 1:53PM FHFA Looking to Lock-In Fannie/Freddie Liquidity Rules In November, the Federal Housing Finance Agency (FHFA) released a new regulatory capital framework for Fannie Mae and Freddie Mac (the GSEs). At the time FHFA said the final rule fulfills ... MND NewsWire - 10:30AM Housing Permits and Starts Show no Signs of Slowing Down While housing completions were down, residential construction improved again in November . Permitting was especially strong with a 6.2 percent month-over-month increase. The U.S. Census ... MBS RECAP: Seasonally Sideways Sans Stimulus Ops Jobs; Shell Wanted; CRM, POS, Retention, Jumbo Loan, Capital Markets Products; How News Moves Rates MBS Day Ahead: Fed in Rearview, Bonds Wait on Stimulus Latest Video Home prices overheating could be hurting affordability S&P 500, Nasdaq hit record intraday highs Economist breaks down the unexpected rise in unemployment claims, November housing data More News from 'Around the Web' Calculated Risk Blog - 2:53PM CAR on California November Housing: Sales up 26% YoY, Active Listings down 47% YoY www.npr.org - 2:49PM U.S. Scrambles To Understand Major Computer Hack, But Says Little CNBC - 1:07PM Congress scrambles to finalize Covid relief, avoid shutdown as deadline draws near CNBC - 1:06PM Home flipping profits are the highest in 20 years, but fewer are doing it Calculated Risk Blog - 11:37AM Hotels: Occupancy Rate Declined 37.4% Year-over-year Calculated Risk Blog - 11:37AM Philly Fed Manufacturing "growth was less widespread" in December, Kansas City Fed "Activity Expanded Further" CNBC - 9:33AM Watch live: Key FDA panel debates whether to endorse Moderna's Covid vaccine for emergency use Calculated Risk Blog - 9:33AM Housing Starts increased to 1.547 Million Annual Rate in November CNBC - 8:33AM U.S. weekly jobless claims total 885,000, vs 808,000 expected CNBC - 8:05AM 10-year Treasury yields rise after Fed's pledge to support the economy CNBC - 8:04AM Bank of England holds rates as coronavirus outlook remains uncertain Today's Rates Best Execution Rate Change 30 Yr FRM 2.79% -0.01 15 Yr FRM 2.35% -0.02 FHA 30 Year Fixed 2.25% -0.07 Jumbo 30 Year Fixed 3.11% -0.02 5/1 Yr ARM 2.32% -0.06 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 2.85% 0.33 -0.05 15 Yr. Fixed 2.49% 0.29 -0.02 30 Yr. Jumbo 3.12% 0.33 -0.08 30 Yr. FHA 2.96% 0.42 -0.01 5/1 ARM 2.58% 0.36 -0.02 Freddie Mac ** 30 Yr. Fixed 2.67% 0.70 -0.04 15 Yr. Fixed 2.21% 0.60 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.79% 0.30 +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 2.0 103.61 +0.08 30YR UMBS 2.5 105.09 +0.13 30YR GNMA 2.0 104.16 +0.05 30YR GNMA 2.5 104.88 +0.11 15YR UMBS 2.0 104.25 +0.03 15YR UMBS 2.5 104.20 0.00 Treasuries Yield Change 2 YR 0.1230% +0.0040 5 YR 0.3782% +0.0096 10 YR 0.9346% +0.0150 30 YR 1.6810% +0.0241 Prices as of: 12/17/2020 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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