Early in the pandemic (Version I) there were a lot of theories advanced about its lasting effects on housing. Some of the theories were fanciful. These included (true story) that new homes would include covered areas specifically for no-touch delivery of on-line purchases which would, of course, constitute the bulk of our shopping. Multifamily construction would have to include no-touch or self-cleaning surfaces throughout common areas. Private areas for outdoor living would be mandatory Other projections were based on early observations of housing trends. Among the ones that were most worrisome to many in the industry was the apparent desire to shift away from density. This was seen happening both in an increased demand for detached housing and a perceived exodus from larger cities. The premise

August 26, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Aug 26, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.75 -0.21   95.05 100.50 UMBS 30YR 5.5 101.18 -0.06   97.47 101.61 10 YR Treasury 4.058 +0.028   3.643 4.780 MBS Price Change UMBS 4.5 97.86 -0.18 UMBS 5.0 99.81 -0.14 UMBS 5.5 101.17 -0.06 GNMA 4.5 98.12 -0.04 GNMA 5.0 100.07 -0.14 GNMA 5.5 101.16 -0.05 Pricing as of: 9/17 4:42PM EST US Treasury Yield Change 2 YR Treasury 3.533 +0.030 5 YR Treasury 3.627 +0.041 7 YR Treasury 3.811 +0.040 10 YR Treasury 4.059 +0.029 30 YR Treasury 4.662 +0.010 Pricing as of: 9/17 4:42PM EST Other News Testing Pandemic Housing Assumptions, Round One Wed, Aug 25, 2021 2:32PM Early in the pandemic (Version I) there were a lot of theories advanced about its lasting effects on housing. Some of the theories were fanciful. These included (true story) that new homes would include covered areas specifically for no-touch delivery of on-line purchases which would, of course, constitute the bulk of our shopping. Multifamily construction w... (read more) Lower Rates Increase Government Loan Volumes Wed, Aug 25, 2021 10:45AM Both refinance and purchase applications increased slightly last week , and the Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, increased 1.6 percent on a seasonally adjusted basis and 1.0 percent on an unadjusted basis from one week earlier. The Refinance Index increased 1 percent from the p... (read more) MLO, AE Jobs; Advertising Regulation, PPE, Marketing, Broker Tools; Tech Funding; Purchase Study for MLO's Thu, Aug 26, 2021 11:24AM What parent hasn’t heard, “Are we there yet?” from the back seat during a road trip? The same could be said about Fannie Mae and Freddie Mac, the Government Sponsored Enterprises, regarding “GSE reform.” First off, no one in Washington DC is talking about an exit from conservatorship. Second, GSE (Government Sponsored Enterprise... (read more) Latest Video How the Fed may change policy amid market uncertainty Pentagon: A 'number' of U.S. service members killed in Kabul airport attack Hoping Fed will announce taper plan in September What investors expect from Fed Chair Powell on Friday Around the Web Calculated Risk Blog How Much will the Fannie & Freddie Conforming Loan Limit Increase for 2022? Reuters Afghan bombings have not immediately changed U.S. withdrawal plans, source says CNBC Education Department will cancel student debt for 115,000 borrowers CNBC Pandemic pushes search for remote jobs up 460% Reuters Fed hawks circle before Powell speech as they push for bond taper CNBC Fed's Kaplan is worried about inflation and risk-taking and wants to announce taper in September Calculated Risk Blog Hotels: Occupancy Rate Down 9% Compared to Same Week in 2019 CNBC Pentagon confirms explosion outside Kabul airport as U.S. rushes toward Afghanistan evacuation deadline CNBC Bullard says the Fed has to 'get going' on the taper, may need to get aggressive to stop inflation CNBC Jobless claims total 353,000 vs. 350,000 estimate; Q2 GDP 6.6% vs. 6.7% estimate CNBC Fed's Esther George says it's time to start easing off on policy juice Reuters Investors see no speed bump in Fed's Jackson Hole event CNBC Treasury yields mixed ahead of Fed Jackson Hole summit and GDP data

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