Daily Newsletter: December Home Price Gains Highest Since 2014; Glimmer of Hope in Bonds, But it Might be a Trap

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30 Year Fixed 3.12%   +0.02 15 Year Fixed 2.57%   +0.01 10YR Treasury 1.35%   -0.0237 View Today's Rates

Tuesday February 23, 2021 MND NewsWire - 11:25AM December Home Price Gains Highest Since 2014 Both the S&P CoreLogic Case-Shiller and The Federal Housing Finance Agency (FHFA) report that the country ended the year with more than a 10 percent annual increase in home prices ... MBS Commentary - 4:37PM MBS RECAP: Glimmer of Hope in Bonds, But It Might Be a Trap Glimmer of Hope in Bonds, But It Might Be a Trap Bonds started the day in roughly unchanged territory and promptly began tanking. This was a bigger deal for MBS than Treasuries as the ... Pipeline Press - 10:56AM MLO, Ops Jobs; Underwriting, Loss Mit, Broker, Corresp., Jumbo Products; VA, FHA, Ginnie Changes (To listen to the audio version of today’s commentary, please click here .) Being home schooled was the goodest thing I ever did! Disparities in mortgage approval rates and higher ... MBS Day Ahead: MBS Beatings to Continue, Regardless of Morale February Easily The Worst Month For Rates in Long Time Latest Video Here are the highlights from Powell's testimony on inflation, yields Fed will tolerate above average inflation before reacting: Economist Consumer Confidence Index in February hits 91.3 More News from 'Around the Web' CNBC - 4:52PM Commentary: The Fed has a simple tool it can deploy to curb market speculation Reuters - 4:51PM S&P 500, Dow closes higher in late session turnaround Reuters - 4:51PM Is Fed Chair Powell 'cool' with more fiscal aid? Suddenly he won't say Reuters - 1:46PM Powell says economy still needs Fed support, markets not driven by loose money Reuters - 11:40AM Fed's Powell says support for economy needed for 'some time' Calculated Risk Blog - 9:52AM Case-Shiller: National House Price Index increased 10.4% year-over-year in December CNBC - 8:05AM Treasury yields rise ahead of Fed Chair Powell's testimony on the economy Today's Rates Best Execution Rate Change 30 Yr FRM 3.12% +0.02 15 Yr FRM 2.57% +0.01 FHA 30 Year Fixed 2.62% +0.07 Jumbo 30 Year Fixed 3.45% +0.00 5/1 Yr ARM 2.25% +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 2.81% 0.70 +0.08 15 Yr. Fixed 2.21% 0.70 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.77% 0.20 -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 2.0 101.34 +0.09 30YR UMBS 2.5 103.97 +0.06 30YR GNMA 2.0 102.09 +0.11 30YR GNMA 2.5 103.81 +0.06 15YR UMBS 2.0 103.53 +0.06 15YR UMBS 2.5 104.55 -0.02 Treasuries Yield Change 2 YR 0.1129% -0.0020 5 YR 0.5680% -0.0322 10 YR 1.3450% -0.0237 30 YR 2.1830% +0.0037 Prices as of: 2/23/2021 4:52PM 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 Are In Big Trouble, But Why? Could Home Prices Cool This Spring?

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30 Year Fixed 3.10%   +0.06 15 Year Fixed 2.56%   +0.10 10YR Treasury 1.37%   +0.0290 View Today's Rates

Monday February 22, 2021 MBS Commentary - 5:00PM MBS RECAP: Rates Are In Big Trouble, But Why? Huge Mortgage-Specific Weakness The rate reset continues. Just when you thought 10yr yields surely couldn't go any higher, they did. New intraday highs of 1.394% in 10yr yields, and ... Mortgage Rate Watch - 6:06PM February Easily The Worst Month For Rates in Long Time There are still 4 business days left in the month of February and thus still 4 days for the bond market to undergo an epic recovery that helps mortgage rates come back down. But traders ... Pipeline Press - 10:07AM MLO, Ops Management Jobs; Performance, Pricing, Analytics, Home Equity Products; Freddie/Fannie Changes What do we have to look forward to? The next Federal holiday isn’t until the end of May (Memorial Day). There’s Easter, a month and a half away (April 4), and most states’ ... MBS Week Ahead: Battle to Find a Rate Ceiling Continues Existing Home Sales Rise, But Inventories Hamper Results Latest Video Why the spring housing market may see price drops Rising rates only has moderate cooling effect on housing, says Black Knight's Andy Walden Mohamed El-Erian on why he thinks the market mood has changed More News from 'Around the Web' CNBC - 3:15PM More Americans are looking to move as remote work gains acceptance during Covid pandemic Reuters - 3:14PM Nasdaq, S&P 500 fall, pressured by rising U.S. Treasury yields CNBC - 3:14PM House panel advances $1.9 trillion Covid relief bill as Democrats move toward passage this week CNBC - 2:06PM Market nervousness growing over Powell's testimony to Congress this week Reuters - 1:23PM Explainer: U.S. Treasury's cash drawdown - and why markets care Calculated Risk Blog - 11:45AM Housing Inventory Feb 22nd Update: At Record Lows Reuters - 10:50AM Yellen says to judge Biden stimulus on speed of return to pre-pandemic unemployment CNBC - 8:05AM Treasury yields climb amid economic recovery hopes Today's Rates Best Execution Rate Change 30 Yr FRM 3.10% +0.06 15 Yr FRM 2.56% +0.10 FHA 30 Year Fixed 2.55% +0.05 Jumbo 30 Year Fixed 3.45% +0.04 5/1 Yr ARM 2.25% +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 2.81% 0.70 +0.08 15 Yr. Fixed 2.21% 0.70 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.77% 0.20 -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 2.0 101.25 -0.44 30YR UMBS 2.5 103.91 -0.42 30YR GNMA 2.0 101.98 -0.45 30YR GNMA 2.5 103.75 -0.42 15YR UMBS 2.0 103.47 -0.30 15YR UMBS 2.5 104.56 -0.20 Treasuries Yield Change 2 YR 0.1149% +0.0061 5 YR 0.6002% +0.0228 10 YR 1.3687% +0.0290 30 YR 2.1793% +0.0444 Prices as of: 2/22/2021 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: Existing Sales Rise, But Inventory is a Drag; Rates Surging, How Bad Could it Get?

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30 Year Fixed 3.04%   +0.03 15 Year Fixed 2.46%   +0.04 10YR Treasury 1.34%   +0.0424 View Today's Rates

Friday February 19, 2021 Mortgage Rate Watch - 5:54PM Time to Wake Up To The New Mortgage Rate Reality There's no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We've never seen so many new record lows in the same year, and we never spent as much ... MBS Commentary - 10:13AM MBS Day Ahead: Bond Bears Refusing To Hibernate; How Bad Could It Get? Given recent temperature trends, we're well within our right to expect actual bears to be in hibernation. How about bond market bears? They've eaten their fill so far this winter--enough ... MND NewsWire - 11:42AM Existing Home Sales Rise, But Inventories Hamper Results Existing home sales started the 2021 with a small increase from the December sale levels, the second consecutive monthly gain. The National Association of Realtors® (NAR) said transactions ... MBS Commentary - 3:22PM MBS RECAP: Surprisingly Swift Selling in The Bond Market; What's Next? Surprisingly Swift Selling in The Bond Market; What's Next? This week has been one of the most surprising selling sprees in bonds in the post-covid era. Just when you think we've surely ... Prevention Measures and Increased Borrower Equity Lower Foreclosure Risk Forbearances Post Unsuprising Mid-Month Increase Refi Share of Closed Loans Rose 7 bp in January MLO and Ops Jobs; Fee Collection, HELOC, Renovation Products; Comp Survey; Bank M&A Trends Latest Video Fed's Williams: Not concerned about stimulus being excessive right now The Bond Report - 2pm - February 19, 2021 February first read for Markit Manufacturing PMI comes in at 58.5 More News from 'Around the Web' Reuters - 4:24PM U.S. House Democrats advance $1.9 trillion COVID-19 aid bill Reuters - 2:44PM Fed sees 'considerable' risk of ongoing U.S. business failures CNBC - 2:39PM Fed's Williams say high market prices justified by economic growth and low rates Calculated Risk Blog - 1:11PM Q1 GDP Forecasts: Movin' on up Calculated Risk Blog - 11:58AM LA Area Port Traffic: Strong Imports, Weak Exports in January CNBC - 8:56AM Rise in Treasury yields prompts speculation of a 'tantrum' for markets Calculated Risk Blog - 8:10AM Hotels: Occupancy Rate Declined 29.0% Year-over-year CNBC - 8:09AM Treasury yields rise amid concerns about higher inflation Today's Rates Best Execution Rate Change 30 Yr FRM 3.04% +0.03 15 Yr FRM 2.46% +0.04 FHA 30 Year Fixed 2.50% +0.05 Jumbo 30 Year Fixed 3.41% +0.01 5/1 Yr ARM 2.25% -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 2.85% 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 2.81% 0.70 +0.08 15 Yr. Fixed 2.21% 0.70 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.77% 0.20 -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 2.0 101.69 -0.27 30YR UMBS 2.5 104.33 -0.17 30YR GNMA 2.0 102.44 -0.30 30YR GNMA 2.5 104.17 -0.13 15YR UMBS 2.0 103.77 -0.16 15YR UMBS 2.5 104.77 -0.13 Treasuries Yield Change 2 YR 0.1088% -0.0001 5 YR 0.5774% +0.0229 10 YR 1.3397% +0.0424 30 YR 2.1349% +0.0503 Prices as of: 2/19/2021 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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