Daily Newsletter: Delinquencies Back to Normal; Lowest Rates Since Feb; Existing Sales Rise Slightly

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30 Year Fixed 2.88%   -0.02 15 Year Fixed 2.33%   -0.01 10YR Treasury 1.26%   -0.0268 View Today's Rates

Thursday July 22, 2021 MND NewsWire - 3:12PM Delinquencies Fall Below Pre-Great Recession Average The national delinquency rate dropped by 7.62 percent in June and is now 42.39 percent below its rate at the worst of the pandemic. Black Knight, in its monthly report, says the June ... Mortgage Rate Watch - 2:36PM Mortgage Rates In Best Territory Since February This week's mortgage rates are hard to compare to last week's. There are two simple reasons for this. The first is the recent removal of the adverse market fee that artificially increased ... MND NewsWire - 11:52AM Existing Home Sales Rise Slightly for the First Time in Four Months Existing home sales snapped a four-month losing streak in June. Sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apartments, rose 1.4 percent on a ... MBS Commentary - 10:20AM MBS Day Ahead: Fighting to Stay in New, Lower Rate Range This morning's ECB announcement proved to be moderately bond-friendly. Combined with weaker Jobless Claims data, it's been enough to keep bonds inside this week's new, lower yield range ... MLO, Ops Jobs; Tech, Hedging, Advertising Compliance Products; Non-Agency Updates Purchase Mortgage Volume Continues to Weaken Latest Video Former Wells Fargo CEO: I expect 20 percent market decline in next 18 months Existing home sales rise 1.4 percent, lower than 2.2 percent forecasts European Central Bank to continue bond buying program until at least March 2022 More News from 'Around the Web' CNBC - 2:23PM Dr. Scott Gottlieb says the Covid delta spike may peak in late August, sooner than many believe Reuters - 2:23PM Warning signs for global recovery as Delta dims outlook Calculated Risk Blog - 12:47PM NMHC: July Apartment Market Tightness Index Highest on Record CNBC - 12:46PM Several major websites go down in widespread internet outage www.blackknightinc.com - 11:12AM Black Knight's First Look at June 2021 Mortgage Data CNBC - 8:36AM U.S. weekly jobless claims total 419,000 vs. 350,000 estimate www.redfin.com - 8:23AM Investor Home Purchases Hit Record, Surpassing Pre-Pandemic Levels CNBC - 8:15AM European Central Bank holds interest rates but tweaks guidance CNBC - 8:03AM Treasury yields fall slightly ahead of jobless claims data Today's Rates Best Execution Rate Change 30 Yr FRM 2.88% -0.02 15 Yr FRM 2.33% -0.01 FHA 30 Year Fixed 2.55% +0.00 Jumbo 30 Year Fixed 3.08% +0.02 5/1 Yr ARM 2.47% -0.10 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.11% 0.43 +0.02 15 Yr. Fixed 2.46% 0.30 -0.02 30 Yr. Jumbo 3.13% 0.32 -0.03 30 Yr. FHA 3.08% 0.31 -0.07 5/1 ARM 2.74% 0.19 -0.28 Freddie Mac ** 30 Yr. Fixed 2.78% 0.70 -0.10 15 Yr. Fixed 2.12% 0.70 -0.10 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.49% 0.40 +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 2.0 101.70 +0.22 30YR UMBS 2.5 103.92 +0.23 30YR GNMA 2.0 102.13 +0.19 30YR GNMA 2.5 103.36 +0.17 15YR UMBS 2.0 103.55 +0.16 15YR UMBS 2.5 104.73 +0.09 Treasuries Yield Change 2 YR 0.1998% -0.0100 5 YR 0.7105% -0.0273 10 YR 1.2649% -0.0268 30 YR 1.8977% -0.0423 Prices as of: 7/22/2021 4:06PM 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: Purchase Mortgage Volume Continues to Weaken; Rates Moving Back Up

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30 Year Fixed 2.90%   +0.03 15 Year Fixed 2.34%   +0.03 10YR Treasury 1.29%   +0.0699 View Today's Rates

Wednesday July 21, 2021 MND NewsWire - 10:02AM Purchase Mortgage Volume Continues to Weaken After a strong showing during the week ended July 9, mortgage application volume pulled back. The Mortgage Bankers Association's (MBA) Market Composite Index, a measure of that volume ... MBS Commentary - 5:01PM MBS RECAP: Defensive Shift Ahead of ECB Announcement Defensive Shift Ahead of ECB Announcement Coming into the week, there was some speculation that Monday's bond rally was based on expectations for a friendly announcement from the European ... MBS Commentary - 9:23AM MBS Day Ahead: Correction Continues as Bonds Test Another Technical Ceiling With a moderate dose of weakness in the overnight session, 10yr yields have quickly found themselves on the doorstep of 1.25%--a level that marked the threshold of a fun little party ... MLO Jobs, Lenders Wanted; U/W Training, Jumbo Products; Customer Service; Upcoming Virtual Events MBA Sees New Home Sales at 13 Month Low Latest Video Debt limit likely to be hit in October or November unless raised, says CBO Markets are heading for an unavoidable risk-off episode, Knapp says Did the markets overreact to the delta variant? More News from 'Around the Web' Calculated Risk Blog - 1:21PM AIA: "Architecture Billings Index robust growth continues" in June CNBC - 1:19PM ECB set to tweak guidance to reflect its new 2% inflation target Reuters - 1:16PM What, me worry? Fed chief's emotional tone can drive markets, study suggests www.zillow.com - 1:15PM The Great Reshuffling Is Changing How Far Americans Are Willing to Commute Reuters - 1:14PM Partisan fight flares in U.S. Congress over raising debt ceiling Calculated Risk Blog - 1:14PM CoreLogic: Single-Family Rents Up 6.6% Year Over Year in May CNBC - 1:13PM What you need to know about applying for rental assistance as national eviction ban comes to an end www.redfin.com - 8:49AM Homebuyers Are Turning Back to Condos After Pandemic-Driven Slump Reuters - 8:14AM Work-in-progress U.S. infrastructure bill faces test on Senate floor Today's Rates Best Execution Rate Change 30 Yr FRM 2.90% +0.03 15 Yr FRM 2.34% +0.03 FHA 30 Year Fixed 2.50% +0.00 Jumbo 30 Year Fixed 3.06% +0.01 5/1 Yr ARM 2.57% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.11% 0.43 +0.02 15 Yr. Fixed 2.46% 0.30 -0.02 30 Yr. Jumbo 3.13% 0.32 -0.03 30 Yr. FHA 3.08% 0.31 -0.07 5/1 ARM 2.74% 0.19 -0.28 Freddie Mac ** 30 Yr. Fixed 2.88% 0.70 -0.02 15 Yr. Fixed 2.22% 0.60 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.47% 0.30 -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 2.0 101.48 -0.31 30YR UMBS 2.5 103.69 -0.23 30YR GNMA 2.0 101.94 -0.33 30YR GNMA 2.5 103.19 -0.23 15YR UMBS 2.0 103.39 -0.13 15YR UMBS 2.5 104.64 -0.08 Treasuries Yield Change 2 YR 0.2098% +0.0082 5 YR 0.7378% +0.0528 10 YR 1.2917% +0.0699 30 YR 1.9400% +0.0629 Prices as of: 7/21/2021 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: Indecision in Construction Numbers; Fannie Forecasts Prices/Sales; Rates Much Lower But Under Pressure Today

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30 Year Fixed 2.87%   -0.02 15 Year Fixed 2.31%   -0.04 10YR Treasury 1.22%   +0.0165 View Today's Rates

Tuesday July 20, 2021 MND NewsWire - 3:28PM Housing Starts Continue to Improve as Permits Lose More Ground Housing starts posted a second straight increase in June while permits continued what has become a long, slow, slide. The U.S. Census Bureau and the Department of Housing and Urban ... MND NewsWire - 8:10AM FannIe Mae Forecasts Home Price Growth, Existing Sales Like most recent economic forecasts, that one from Fannie Mae's Economic and Strategic Research (ESR) group for July continues to project a pull-back in recent inflation numbers. This ... Mortgage Rate Watch - 3:30PM Mortgage Rates Substantially Lower This Week, But Under Some Pressure Today There are two pieces of big news for mortgage rates over the past few business days. The first arrived last week in the form of the removal of the adverse market fee that artificially ... MND NewsWire - 3:29PM MBA Sees New Home Sales at 13 Month Low The Mortgage Bankers Association is projecting a sizeable decline in new home sales occurred last month as applications for their purchase declined 3 percent month-over-month and were ... MBS RECAP: Intraday Weakness vs Bigger Picture Strength MLO, AE Jobs; Marketing, Sales, Broker, Originator, Social Media Tools MBS Day Ahead: Snowball Rally Still Searching For Its Limit Latest Video Uncertain post-pandemic reopening plans threaten real estate market The 9am Bond Report - July 20, 2021 Low rates prop up homebuilders More News from 'Around the Web' www.blackknightinc.com - 9:20AM Black Knight Announces Underwriter Assist Digital Solution, Leverages Machine-Learning Tools From AWS Calculated Risk Blog - 8:50AM Housing Starts increased to 1.643 Million Annual Rate in June CNBC - 8:05AM U.S. Treasury yields climb, 10-year yield rises to 1.21% Today's Rates Best Execution Rate Change 30 Yr FRM 2.87% -0.02 15 Yr FRM 2.31% -0.04 FHA 30 Year Fixed 2.50% +0.00 Jumbo 30 Year Fixed 3.05% +0.00 5/1 Yr ARM 2.55% -0.10 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.09% 0.37 -0.06 15 Yr. Fixed 2.48% 0.32 -0.04 30 Yr. Jumbo 3.16% 0.27 -0.04 30 Yr. FHA 3.15% 0.29 -0.02 5/1 ARM 3.02% 0.32 +0.08 Freddie Mac ** 30 Yr. Fixed 2.88% 0.70 -0.02 15 Yr. Fixed 2.22% 0.60 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.47% 0.30 -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 2.0 101.84 +0.03 30YR UMBS 2.5 103.92 +0.06 30YR GNMA 2.0 102.31 -0.13 30YR GNMA 2.5 103.42 -0.20 15YR UMBS 2.0 103.55 +0.09 15YR UMBS 2.5 104.73 +0.06 Treasuries Yield Change 2 YR 0.1996% -0.0180 5 YR 0.6834% -0.0241 10 YR 1.2152% +0.0165 30 YR 1.8726% +0.0434 Prices as of: 7/20/2021 3:52PM 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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