Daily Newsletter: Surprisingly Resilient After Fed Doubles Tapering Pace; Builders Remain Upbeat

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30 Year Fixed 3.18%   +0.02 15 Year Fixed 2.54%   +0.02 10YR Treasury 1.46%   +0.0171 View Today's Rates

Wednesday December 15, 2021 MBS Commentary - 4:22PM MBS RECAP: Surprisingly Resilient After Fed Doubles Tapering Pace Surprisingly Resilient After Fed Doubles Tapering Pace After implementing the tapering plan 6 short weeks ago, the Fed quickly found itself in a position to accelerate the pace of reductions ... Mortgage Rate Watch - 4:25PM Mortgage Rates Only Modestly Higher After Fed Announcement Mortgage rates were fairly flat heading into today's important Fed announcement. Despite arguably receiving bad news, they didn't move too much higher by the end of the day. What was ... MBS Commentary - 2:00PM Differences Between Previous and Current FOMC Statements The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability ... MND NewsWire - 10:37AM Builders are Upbeat as Year Nears End Builder confidence in the new home market is finishing 2021 strong despite what the National Association of Home Builders (NAHB) says are inflation concerns and ongoing production bottlenecks ... MBS Morning: Fed Day! The Readiness is All Pricing, Subservicer, Appraisal, Jumbo and DPA Products; Primer on the Fed's Discomfort Refinance Volume Drops; Purchase Loans Holding Steady Latest Video Fed raises taper amount to $30 billion, leaves rates unchanged The 9am Bond Report - December 15, 2021 Mortgage refinance applications drop as rates climb More News from 'Around the Web' www.redfin.com - 3:40PM Housing Market Update: Home Prices Approach All-Time High Reuters - 3:25PM Fed sees three rate hikes in 2022 as inflation battle begins CNBC - 2:04PM Fed will aggressively dial back its monthly bond buying, sees three rate hikes next year CNBC - 2:04PM The Fed's latest move will send borrowing costs higher CNBC - 10:10AM Homebuilder confidence ends the year on a high even as costs rise and labor is in short supply Calculated Risk Blog - 9:49AM Retail Sales Increased 0.3% in November Reuters - 8:04AM Fed prepares to stiffen inflation response for a post-transitory world CNBC - 8:04AM European Central Bank heads into pivotal policy meeting with inflation and omicron infections rising Today's Rates Best Execution Rate Change 30 Yr FRM 3.18% +0.02 15 Yr FRM 2.54% +0.02 FHA 30 Year Fixed 2.75% +0.00 Jumbo 30 Year Fixed 3.08% +0.00 5/1 Yr ARM 3.33% +0.21 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 3.10% 0.70 -0.01 15 Yr. Fixed 2.38% 0.70 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.45% 0.30 -0.04 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 -0.14 30YR UMBS 2.5 101.97 -0.16 30YR GNMA 2.0 100.97 -0.11 30YR GNMA 2.5 102.00 -0.13 15YR UMBS 2.0 102.20 -0.38 15YR UMBS 2.5 103.34 -0.09 Treasuries Yield Change 2 YR 0.6631% +0.0063 5 YR 1.2418% +0.0081 10 YR 1.4582% +0.0171 30 YR 1.8586% +0.0319 Prices as of: 12/15/2021 4:41PM 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: Delinquency and Transition Rates Declined Again in September; Rates Steady Ahead of Fed

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30 Year Fixed 3.16%   -0.01 15 Year Fixed 2.52%   +0.00 10YR Treasury 1.44%   +0.0238 View Today's Rates

Tuesday December 14, 2021 MND NewsWire - 12:42PM Delinquency and Transition Rates Declined Again in September September marked additional improvement in loan performance nationwide. CoreLogic says the national delinquency rate, loans that were 30 or more days past due, including those in foreclosure ... MND NewsWire - 3:18PM Acting Director Thompson Named to Head FHFA The current acting director of the Federal Housing Finance Agency has been nominated to officially run the agency. The White House announced on Tuesday that Sandra L. Thompson' s name ... Mortgage Rate Watch - 3:30PM Mortgage Rates Hold Mostly Steady Ahead of Fed Announcement Traditionally, financial markets have been interested in announcements from the Federal Reserve due to the Fed's policy rate (the Fed Funds Rate) and the line of thinking that might ... Data, AI, Encompass, Workflow, Lead Conversion Tools; Credit Tightening; Events and Webinars; LO Comp MBS Morning: Bonds Start The Day With Healthy Respect of Key Technical Floor Latest Video Bond market is showing warning signs over Fed's policy decisions: WSJ's Banerji CNBC Fed Survey: Fed will double taper speed, hike rates in June Pfizer's Covid drug reduced hospitalization, death risk by 89% in final results More News from 'Around the Web' CNBC - 1:53PM How to take cash out of your home when mortgage rates are rising Fannie Mae - 1:51PM Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Assistance Options Following Recent Tornadoes in Central and S... Calculated Risk Blog - 11:28AM Missing Workers by Age Group CNBC - 8:57AM Wholesale prices measure rises 9.6% in November from a year ago, the fastest pace on record CNBC - 8:17AM The Fed will halt asset purchases by March and hike rates in June, CNBC survey predicts Reuters - 8:17AM U.S. Congress to vote on debt-limit hike, averting default risk Today's Rates Best Execution Rate Change 30 Yr FRM 3.16% -0.01 15 Yr FRM 2.52% +0.00 FHA 30 Year Fixed 2.75% -0.10 Jumbo 30 Year Fixed 3.08% -0.01 5/1 Yr ARM 3.13% -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 3.10% 0.70 -0.01 15 Yr. Fixed 2.38% 0.70 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.45% 0.30 -0.04 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 99.73 -0.09 30YR UMBS 2.5 102.13 -0.09 30YR GNMA 2.0 101.08 -0.02 30YR GNMA 2.5 102.13 -0.06 15YR UMBS 2.0 102.61 +0.11 15YR UMBS 2.5 103.47 0.00 Treasuries Yield Change 2 YR 0.6568% +0.0244 5 YR 1.2321% +0.0293 10 YR 1.4377% +0.0238 30 YR 1.8246% +0.0255 Prices as of: 12/14/2021 4:10PM 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 Pushing Back on Refi Volumes; Volatility Expected After Fed This Week

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30 Year Fixed 3.17%   -0.03 15 Year Fixed 2.52%   -0.02 10YR Treasury 1.41%   -0.0681 View Today's Rates

Monday December 13, 2021 MND NewsWire - 11:48AM Rates Pushing Back on Refi Volumes Black Knight reports that rate locks, as measured by the company's Market Volume Index, declined 4.7 percent from October to November. Those for refinancing dropped by 9.7 percent even ... Mortgage Rate Watch - 3:58PM Mortgage Rates Start Lower, But Could See Some Volatility This Week Mortgage rates have been fairly flat in the bigger picture, but each passing day continues to bring small scale movements. This is almost always the case, even if rate quotes don't ... MBS Commentary - 8:59AM MBS Morning: Waiting on Wednesday's Fed Announcement The last 2 weeks have seen elevated volatility for the bond market. Omicron concerns took yields lower, but the gains reversed as concerns moderated. We could overanalyze the minutia ... Servicing, Closing, AI, MI Products; USDA, FHA, Ginnie News; Rates Quiet... Holiday Slow Down? Jumbo and Conventional Loans Easier to Obtain in November Latest Video Inflation next summer will be ahead of what Fed thinks, says CNBC's Steve Liesman U.S. Treasury to stiffen real estate cash deals after billions laundered Why rent prices are rising so quickly More News from 'Around the Web' CNBC - 4:28PM More Americans see inflation as the biggest risk to their retirement plans Reuters - 4:28PM Wall Street falls as investors eye Omicron and Fed meeting Reuters - 2:44PM Biden to talk with Manchin on sweeping $1.75 trillion spending bill Calculated Risk Blog - 2:43PM A Few Comments on Inflation Reuters - 12:11PM U.S. consumers see short-term inflation rising at twice pace of wage gains, survey shows Calculated Risk Blog - 11:27AM Housing Inventory December 13th Update: Inventory Down 3.3% Week-over-week CNBC - 8:05AM Treasury yields edge lower with omicron, Fed meeting in focus CNBC - 8:04AM El-Erian says 'transitory' was the 'worst inflation call in the history' of the Fed Today's Rates Best Execution Rate Change 30 Yr FRM 3.17% -0.03 15 Yr FRM 2.52% -0.02 FHA 30 Year Fixed 2.85% -0.03 Jumbo 30 Year Fixed 3.09% -0.03 5/1 Yr ARM 3.25% -0.15 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 3.10% 0.70 -0.01 15 Yr. Fixed 2.38% 0.70 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.45% 0.30 -0.04 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 99.80 +0.23 30YR UMBS 2.5 102.19 +0.20 30YR GNMA 2.0 101.09 +0.31 30YR GNMA 2.5 102.17 +0.16 15YR UMBS 2.0 102.48 +0.05 15YR UMBS 2.5 103.45 -0.08 Treasuries Yield Change 2 YR 0.6344% -0.0200 5 YR 1.2044% -0.0423 10 YR 1.4139% -0.0681 30 YR 1.8031% -0.0787 Prices as of: 12/13/2021 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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