Daily Newsletter: Biden Appoints New FHFA Director; Rates Are Actually Lower This Week

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30 Year Fixed 3.20%   -0.01 15 Year Fixed 2.62%   +0.00 10YR Treasury 1.49%   +0.0016 View Today's Rates

Thursday June 24, 2021 MND NewsWire - 11:41AM Biden Appoints New FHFA Director The White House didn't waste any time after a Supreme Court ruling allowed it to do so, removing Mark Calabria as Director of the Federal Housing Finance Agency (FHFA) late Wednesday ... Mortgage Rate Watch - 1:19PM Mortgage Rates Are Actually LOWER This Week Mortgage rates hit their lowest levels in a week yesterday and are sideways to slightly lower today, depending on the lender. These facts are not well represented in the news today ... MBS Commentary - 10:22AM MBS Day Ahead: Bonds Continue Waiting For Their Favorite Indicators This week's supply of economic data is rapidly dwindling and we've yet to see a bond market reaction worth writing home about. This morning's crop provided the most recent example. ... MLO, Ops Jobs; Loan Sales, Presentation, Social Media Compliance, Workflow Tools; FHFA Leadership Change: Now What? New Home Sales Hit 12 Month Low Despite Higher Inventory Latest Video All drivers of low inflation are still with us, says Jefferies Zervos Homebuilders down on new home sales drop President Biden announces infrastructure deal More News from 'Around the Web' Reuters - 3:30PM NY Fed's Williams says U.S. economy still far from maximum employment, not the time to lift rates Reuters - 3:30PM Fed's Bullard warns may be more inflation risk to come Reuters - 3:30PM Fed's Kaplan sees 'upside risk' to inflation forecast CNBC - 3:28PM Supply chain pressures are still a problem due to workforce shortages, manufacturing group says Reuters - 2:01PM Biden says deal reached on infrastructure plan Reuters - 12:28PM McConnell undecided on infrastructure plan as senators head to White House Reuters - 11:55AM Biden administration extends residential eviction ban until end of July Calculated Risk Blog - 9:37AM Weekly Initial Unemployment Claims decrease to 411,000 CNBC - 8:36AM Biden invites infrastructure negotiators to White House as bipartisan group moves closer to a deal CNBC - 8:04AM 10- year Treasury yield is flat ahead of jobs data CNBC - 8:04AM Bank of England holds policy steady, hints at inflation concerns Today's Rates Best Execution Rate Change 30 Yr FRM 3.20% -0.01 15 Yr FRM 2.62% +0.00 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.18% -0.01 5/1 Yr ARM 2.28% +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 3.02% 0.70 +0.09 15 Yr. Fixed 2.34% 0.70 +0.10 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.53% 0.30 +0.01 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 2.0 100.80 +0.02 30YR UMBS 2.5 103.28 +0.02 30YR GNMA 2.0 101.67 +0.05 30YR GNMA 2.5 103.03 +0.02 15YR UMBS 2.0 102.94 +0.05 15YR UMBS 2.5 104.05 -0.03 Treasuries Yield Change 2 YR 0.2681% +0.0040 5 YR 0.9054% +0.0257 10 YR 1.4868% +0.0016 30 YR 2.0981% -0.0068 Prices as of: 6/24/2021 3:30PM 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: Calabria is Out at FHFA; New Home Sales Hit 12 Month Low

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30 Year Fixed 3.21%   -0.05 15 Year Fixed 2.62%   -0.01 10YR Treasury 1.49%   +0.0186 View Today's Rates

Wednesday June 23, 2021 MND NewsWire - 2:49PM Calabria is Out at FHFA On Wednesday morning the Supreme Court ruled that the statutory restrictions on the president's ability to remove the chairman of the Federal Housing Finance Agency (FHFA) violates ... MND NewsWire - 2:51PM New Home Sales Hit 12 Month Low Despite Higher Inventory New home sales dropped for the second month in May, falling below an 800,000 unit pace for the first time in a year. The U.S. Census Bureau and the Department of Housing and Urban Development ... MND NewsWire - 9:50AM Mortgage Applications on the Rise Again Despite Rising Rates Mortgage applications increased for the second week on a seasonally adjusted basis even as interest rates rose. The Mortgage Bankers Association (MBA) said its Market Composite Index ... MND NewsWire - 9:51AM May Delinquencies Defied Calendar Effect Black Knight has pointed out in the past that there is a temporary uptick in early mortgage delinquencies when a month ends on a Sunday, leaving less time for servicers to process last ... Mortgage Rates Edge Down to Best Levels in a Week MBS RECAP: Sideways Grind Means More Focus on Next Jobs Report MLO Jobs; Lock, Fee Collection, Marketing, Jumbo, Encompass Products MBS Day Ahead: Is a 5 Year Time Frame Long or Short? Latest Video June Markit manufacturing PMI comes in at 62.6 vs. 61.5 expected New home sales drop 5.9%, vs. 0.5% drop expected The 9am Bond Report - June 23, 2021 More News from 'Around the Web' Reuters - 4:43PM Democrats set 24-hour target for bipartisan U.S. infrastructure deal Calculated Risk Blog - 2:55PM AIA: "Architecture billings continue historic rebound" in May Calculated Risk Blog - 2:55PM Black Knight: National Mortgage Delinquency Rate Increased in May www.nar.realtor - 2:54PM NAR Responds to SCOTUS Decision on FHFA Leadership Structure CNBC - 1:22PM The national eviction ban will likely be extended through July. What that means for renters Reuters - 10:45AM U.S. Supreme Court bolsters presidential power over housing finance agency Calculated Risk Blog - 10:24AM New Home Sales Decrease to 769,000 Annual Rate in May www.redfin.com - 9:03AM More Than 4,500 Seattle-Area Homes Have Sold For At Least $100,000 Above Asking Price in 2021, Versus 400 During the Same Period... CNBC - 8:02AM 10-year Treasury yield flat following Powell's reassurances on inflation Today's Rates Best Execution Rate Change 30 Yr FRM 3.21% -0.05 15 Yr FRM 2.62% -0.01 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.19% +0.01 5/1 Yr ARM 2.28% +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 2.93% 0.70 -0.03 15 Yr. Fixed 2.24% 0.60 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.52% 0.30 -0.03 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 2.0 100.78 +0.02 30YR UMBS 2.5 103.27 +0.03 30YR GNMA 2.0 101.63 0.00 30YR GNMA 2.5 103.02 +0.03 15YR UMBS 2.0 102.89 +0.02 15YR UMBS 2.5 104.08 +0.02 Treasuries Yield Change 2 YR 0.2641% +0.0340 5 YR 0.8797% +0.0228 10 YR 1.4852% +0.0186 30 YR 2.1049% +0.0143 Prices as of: 6/23/2021 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 Continue To Decline; Lumber Down Sharply But Still Spendy

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30 Year Fixed 3.26%   +0.01 15 Year Fixed 2.63%   +0.01 10YR Treasury 1.47%   -0.0305 View Today's Rates

Tuesday June 22, 2021 MND NewsWire - 1:03PM May Marked Fourth Month of Decline for Existing Home Sales Existing home sales experienced their fourth consecutive decline in May . The National Association of Realtors® (NAR) said sales of previously owned single-family homes, townhouses ... MND NewsWire - 1:01PM Lumber Prices are Plummeting, but Still Historically Expensive Well, that turned on a dime. Lumber prices, which had risen more than exponentially during the pandemic and were a problem even before, have started dropping like a 2 x 12 of clear ... MBS Commentary - 5:05PM MBS RECAP: No Whammies From Powell. Bonds Like It No Whammies From Powell. Bonds Like It Today's only notable calendar item was the congressional testimony from Fed Chair Powell. He mainly stuck to the script, but elaborated a bit ... Reverse, Non-QM, Pricing, Work Flow, Products; STRATMOR and Customer Service; NOO and 2nd Home Agency Changes MBS Day Ahead: Waiting On Powell Testimony Latest Video It's too soon to raise rates and would lead to deflation, says Mizuho economist Powell: Much of inflation rise is from categories affected by pandemic S.F. Fed's Daly: Threshold for reducing asset purchases within line of sight More News from 'Around the Web' CNBC - 5:06PM Fed Chair Powell says it's 'very, very unlikely' the U.S. will see 1970s-style inflation Reuters - 4:47PM Fed will not raise rates on inflation fears alone, Powell says Calculated Risk Blog - 4:47PM MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 3.93%" Calculated Risk Blog - 1:31PM DOT: Vehicle Miles Driven Increased Sharply year-over-year in April Calculated Risk Blog - 10:21AM NAR: Existing-Home Sales Decreased to 5.80 million in May Reuters - 8:44AM U.S. lawmakers likely to press Powell on Fed's 'hawkish' turn CNBC - 8:09AM 10-year Treasury yield sits below 1.50% ahead of Fed Chair Powell's Congress testimony Today's Rates Best Execution Rate Change 30 Yr FRM 3.26% +0.01 15 Yr FRM 2.63% +0.01 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.18% +0.01 5/1 Yr ARM 2.28% +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 2.93% 0.70 -0.03 15 Yr. Fixed 2.24% 0.60 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.52% 0.30 -0.03 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 2.0 100.77 +0.28 30YR UMBS 2.5 103.23 +0.20 30YR GNMA 2.0 101.63 +0.33 30YR GNMA 2.5 102.98 +0.16 15YR UMBS 2.0 102.88 +0.14 15YR UMBS 2.5 104.06 +0.03 Treasuries Yield Change 2 YR 0.2301% -0.0262 5 YR 0.8569% -0.0308 10 YR 1.4666% -0.0305 30 YR 2.0906% -0.0294 Prices as of: 6/22/2021 5:05PM 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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