Daily Newsletter: Delinquencies Continue to Decline but Forbearances Still a Concern; Highest Rates Since April

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30 Year Fixed 3.27%   +0.04 15 Year Fixed 2.64%   +0.04 10YR Treasury 1.64%   -0.0581 View Today's Rates

Friday October 22, 2021 MND NewsWire - 2:19PM Delinquencies Continue to Decline but Forbearances Still a Concern The national delinquency rate has fallen below 4.0 percent for the first time since COVID-19 started messing up the world. Black Knight, in its "first look" at September's mortgage ... Mortgage Rate Watch - 4:42PM Highest Rates Since April, But There's a Catch Over the past 30 days, interest rates have risen sharply . This is true for both mortgage rates and bond market benchmarks like 10yr Treasury yields. But another version of the 10yr ... MBS Commentary - 10:04AM MBS Morning: Have Bonds Sold Off Enough to Catch a Break? To buy the dip or not to buy the dip (in bond prices). That is the question faced by traders today as 10yr yields hit the 1.70% technical level in after hours trading yesterday. This ... MLO Jobs; BI, HELOC, Joint Venture, Sales Tools; Bank Market Share Study; Upcoming Events; Jumbo News Big Jump in Home Sales--Impressive Considering The Lack of Supply Latest Video October manufacturing PMI comes in at 59.2, services at 58.2 The 2pm Bond Report - October 22, 2021 Fed announces new investment restrictions for officials, staff More News from 'Around the Web' Reuters - 2:32PM U.S. 2021 fiscal year deficit below prior year's record, Treasury says CNBC - 1:37PM Jeffrey Gundlach says inflation will stay above 4% through 2022 Reuters - 1:37PM Fed's Powell says it's time to taper bond purchases, but not raise rates Calculated Risk Blog - 1:37PM The Coming Deceleration in House Price Growth www.nar.realtor - 12:52PM September 2021 REALTORS® Confidence Index Report: Fall Housing Market Starts on a Calmer Note Calculated Risk Blog - 11:55AM Q3 GDP Forecasts: Around 2.5% Reuters - 11:40AM China's troubled property behemoth averts default, signals business shift CNBC - 11:40AM Watch Fed Chairman Jerome Powell speak live at a Bank for International Settlements conference CNBC - 9:56AM Buying a home is a goal for many Americans. How this bank is helping members of low- and moderate-income communities achieve that www.redfin.com - 9:07AM Homebuyer Bidding War Rate Drops to 2021 Low in September CNBC - 8:02AM 10-year Treasury yield tops 1.68% as investors digest jobless claims report Today's Rates Best Execution Rate Change 30 Yr FRM 3.27% +0.04 15 Yr FRM 2.64% +0.04 FHA 30 Year Fixed 2.90% +0.03 Jumbo 30 Year Fixed 3.20% +0.05 5/1 Yr ARM 3.13% +0.03 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 3.09% 0.70 +0.04 15 Yr. Fixed 2.33% 0.70 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.54% 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 99.34 +0.23 30YR UMBS 2.5 102.19 +0.19 30YR GNMA 2.0 100.63 +0.14 30YR GNMA 2.5 102.08 +0.17 15YR UMBS 2.0 102.38 +0.11 15YR UMBS 2.5 103.84 +0.02 Treasuries Yield Change 2 YR 0.4595% +0.0070 5 YR 1.2023% -0.0324 10 YR 1.6377% -0.0581 30 YR 2.0726% -0.0712 Prices as of: 10/22/2021 4:44PM 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: Big Jump in Home Sales--Impressive Considering The Lack of Supply; Rates Rising Quickly

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30 Year Fixed 3.23%   +0.04 15 Year Fixed 2.60%   +0.04 10YR Treasury 1.69%   +0.0276 View Today's Rates

Thursday October 21, 2021 MND NewsWire - 4:27PM Big Jump in Home Sales--Impressive Considering The Lack of Supply Existing home sales resumed an upward trajectory in September after dipping 2.0 percent in August. The National Association of Realtors® (NAR) said sales of pre-owned single-family ... Mortgage Rate Watch - 3:30PM Another Day; Another Long-Term High For Rates Mortgage rates haven't really been able to catch a break recently. This week is shaping up to be one of the worst since March. Since then, only 2 other weeks have been worse and they ... MBS Commentary - 10:51AM MBS Morning: The Trend is Not Your Friend Considering yields have pushed to new long-term highs on 3 out of the past 3 days, it's safe to say that bonds are "trending" as opposed to flat/sideways. Covid cases are down sharply ... Recruiting, MLO Jobs; Processing, Automation, Pricing, MSR Sales, Non-Agency Products; Vendors to Watch New Home Purchase Applications Fall as Construction Costs Rise Latest Video Existing home sales rises to 7%, beating estimates The 9am Bond Report - October 21, 2021 Initial jobless claims down 6,000 to 290,000, a post-Covid low More News from 'Around the Web' CNBC - 4:22PM Fed's Bostic sees interest rate hike coming next year as inflation lingers Reuters - 3:24PM Fed bans stock trading, restricts other investing activities by top officials Federal Reserve - 3:23PM Federal Reserve Board announces new trading rules for members Calculated Risk Blog - 10:32AM NAR: Existing-Home Sales Increased to 6.29 million in September www.jchs.harvard.edu - 9:52AM Gains in Remodeling to Remain Robust CNBC - 8:44AM Jobless claims fall again as enhanced pandemic benefits fade away CNBC - 8:02AM 10-year Treasury yield holds above 1.64% ahead of weekly jobless claims data Today's Rates Best Execution Rate Change 30 Yr FRM 3.23% +0.04 15 Yr FRM 2.60% +0.04 FHA 30 Year Fixed 2.87% +0.03 Jumbo 30 Year Fixed 3.15% +0.03 5/1 Yr ARM 3.10% +0.23 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 3.09% 0.70 +0.04 15 Yr. Fixed 2.33% 0.70 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.54% 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 99.19 -0.34 30YR UMBS 2.5 102.03 -0.33 30YR GNMA 2.0 100.53 -0.31 30YR GNMA 2.5 101.97 -0.30 15YR UMBS 2.0 102.31 -0.20 15YR UMBS 2.5 103.86 -0.11 Treasuries Yield Change 2 YR 0.4444% +0.0570 5 YR 1.2248% +0.0578 10 YR 1.6878% +0.0276 30 YR 2.1380% +0.0015 Prices as of: 10/21/2021 4:27PM 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: Construction Numbers Moderate; FHFA Announces Changes to Low Income Refi Programs and Appraisal Requirements

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30 Year Fixed 3.19%   -0.02 15 Year Fixed 2.57%   -0.03 10YR Treasury 1.64%   +0.0476 View Today's Rates

Tuesday October 19, 2021 MND NewsWire - 2:08PM FHFA Announces Changes to Low Income Refi Programs and Appraisal Requirements Both Fannie Mae and Freddie Mac (the GSEs) will be expanding their low-income refinance programs to include those making at or below 100 percent of an area's median income (AMI). The ... MND NewsWire - 10:36AM Construction Numbers Fall Back from August Levels Both permits and housing starts fell in September following an unanticipated increase the previous month. Where the August gains were driven primarily by strong multifamily construction ... Mortgage Rate Watch - 3:48PM Mortgage Rates Stabilize For Now Mortgage rates hit their highest levels in months yesterday as bonds lost ground at a brisk pace to start the new week. Bonds--specifically mortgage-backed securities (MBS)--are the ... Call Center, LO Jobs; Post-Closing, Broker CRM, Correspondent Products; Conference Snippets; Weak Housing Numbers MBS Morning: The Shift Continues, Even If You Can't See It Latest Video I do worry that inflation pressures are far from transitory, says former Dallas Fed president Housing starts down 1.6% vs. 0.3% decline expected, permits also miss Zillow could restart buying homes early next year, former CEO guesses More News from 'Around the Web' CNBC - 3:33PM Federal Reserve Chair Powell's five measuring sticks on inflation aren't holding up very well Calculated Risk Blog - 1:50PM Most Housing Units Under Construction Since 1974 CNBC - 1:49PM Single-family rents are surging, and investors are flooding the market CNBC - 9:45AM This could be the worst market for a first-time homebuyer, experts say Calculated Risk Blog - 8:49AM Housing Starts Decreased to 1.555 Million Annual Rate in September www.zillow.com - 8:31AM Housing Market Continues to Creep Toward More Balance in September (September 2021 Market Report) CNBC - 8:05AM 10-year Treasury yield struggles for direction, holds above 1.59 Today's Rates Best Execution Rate Change 30 Yr FRM 3.19% -0.02 15 Yr FRM 2.57% -0.03 FHA 30 Year Fixed 2.83% +0.01 Jumbo 30 Year Fixed 3.12% -0.03 5/1 Yr ARM 2.87% -0.13 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 3.05% 0.70 +0.06 15 Yr. Fixed 2.30% 0.70 +0.07 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.55% 0.20 +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 99.58 -0.05 30YR UMBS 2.5 102.41 -0.06 30YR GNMA 2.0 100.92 +0.02 30YR GNMA 2.5 102.39 +0.11 15YR UMBS 2.0 102.50 +0.03 15YR UMBS 2.5 103.94 +0.02 Treasuries Yield Change 2 YR 0.3973% -0.0240 5 YR 1.1603% -0.0047 10 YR 1.6390% +0.0476 30 YR 2.0897% +0.0645 Prices as of: 10/19/2021 4:29PM 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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