Both Fannie Mae and Freddie Mac (the GSEs) have told their borrowers and mortgage servicers that they are offering immediate relief options to those affected by Hurricane Ida . The assistance is available to homeowners financed by either GSE whose homes or places of employment located in presidentially-declared Major Disaster Areas. These are localities where federal individual-assistance programs are available to affected individuals and households. Those areas are currently on the Gulf Coast, but it appears likely there will be flooding along Ida's path into other Southern and mid-Atlantic states. On Friday, while forecasts did not fully anticipate the storm's ultimate strength, CoreLogic, which provides data to the insurance as well as the mortgage industry, sent out the following. "CoreLogic

August 30, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.23% +0.00%   6.13% 7.26% 15 Yr. Fixed 5.81% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% +0.00%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Aug 30, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.23% 0.00 0.00 15 Yr. Fixed 5.81% +0.01 0.00 30 Yr. FHA 5.99% +0.01 0.00 30 Yr. Jumbo 6.20% 0.00 0.00 7/6 SOFR ARM 5.70% -0.01 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 10/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.27% -0.03 0.00 15 Yr. Fixed 5.52% -0.01 0.00 Updates Weekly - Last Update: 10/16 Mortgage Bankers Assoc. 30 Yr. Fixed 6.42% -0.01 0.61 15 Yr. Fixed 5.77% 0.00 0.70 30 Yr. Jumbo 6.47% -0.13 0.53 Updates Weekly - Last Update: 10/15 UMBS 30YR 5.0 99.69 -0.09   95.05 99.98 UMBS 30YR 5.5 101.09 -0.06   97.47 101.28 10 YR Treasury 4.024 +0.014   3.932 4.780 MBS Price Change UMBS 4.5 97.84 -0.07 UMBS 5.0 99.71 -0.07 UMBS 5.5 101.09 -0.05 GNMA 4.5 97.82 -0.07 GNMA 5.0 99.72 -0.05 GNMA 5.5 100.85 -0.05 Pricing as of: 10/20 4:42AM EST US Treasury Yield Change 2 YR Treasury 3.477 +0.015 5 YR Treasury 3.606 +0.014 7 YR Treasury 3.795 +0.014 10 YR Treasury 4.019 +0.010 30 YR Treasury 4.612 +0.005 Pricing as of: 10/20 4:42AM EST Other News GSEs Outline Available Hurricane Ida Relief Mon, Aug 30, 2021 12:22PM Both Fannie Mae and Freddie Mac (the GSEs) have told their borrowers and mortgage servicers that they are offering immediate relief options to those affected by Hurricane Ida . The assistance is available to homeowners financed by either GSE whose homes or places of employment located in presidentially-declared Major Disaster Areas. These are localities wher... (read more) Inventories Continue to Constrain Home Purchase Activity Mon, Aug 30, 2021 10:53AM While existing home sales have increased in the last two months after a four-month slump, those sales don't look especially bright as we head into the fall and winter doldrums. The National Association of Realtors® (NAR) says pending home sales dipped modestly in July, following a 1.9 percent dip in June. Its Pending Home Sales Index (PHSI), a leading in... (read more) Ops, MLO Jobs; Wholesale Products; Sales, CRM Products; Disaster Updates; Upcoming Training and Events Mon, Aug 30, 2021 11:01AM The Texas Mortgage Bankers Association conference is in full swing. Folks tell me that servicing is a big topic in informal hallway discussions. MCT data indicates that lenders are selling 65 percent servicing retained, primarily to the Agencies, 35 percent released. Compare that to last summer’s 95 percent retained, 5 percent released. Yes, MSRs have ... (read more) Latest Video Estimated $40 billion in damage from Hurricane Ida Pending home sales fall 1.8% in July The 9am Bond Report - August 30, 2021 Markets think there will be a slower Fed taper timeline: El-Erian Around the Web CNBC The national eviction ban is over. But renters still can't be forced out in these states Calculated Risk Blog Reis: Apartment Vacancy Rate unchanged in Q2 at 5.3% Calculated Risk Blog Housing Inventory August 30th Update: Inventory Unchanged Week-over-week, Up 41% from Low in early April Fannie Mae Fannie Mae Reminds Homeowners and Mortgage Servicers of Assistance Options for Those Affected by Hurricane Ida CNBC Homebuyers sign fewer contracts in July, as high prices chill the summer market Reuters Housing affordability to worsen near-term, even as price rises cool off: Reuters poll Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Treasury yields tick lower as investors await key jobs report CNBC European markets head for higher open, reflecting buoyant global sentiment Reuters Fed's Powell holds fast to 'this year' timeline for bond-buying taper Calculated Risk Blog August 27th COVID-19: Cases Might be Peaking CNBC A key jobs report in the week ahead could drive the next big market move Federal Reserve Powell, Monetary Policy in the Time of Covid

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