Black Knight says that, amid all of the aid and stimulus provided to keep the economy rolling along during the pandemic, one aspect that doesn't get a lot of attention is refinancing . Black Knight points out in its current Mortgage Monitor that 14.3 million homeowners have refinanced since the beginning of the pandemic, 600,000 of them in each of the past four months. This puts the country on track for as many as 8.9 million refis this year, on top of the record 9 million in 2020. Due to record low interest rates, nine million of those refinances were of the rate/term variety, and homeowners who completed them saved an aggregate of $1.3 billion a month on their mortgage payments. Assuming these homeowners stay in their homes through the end of next year, the aggregate savings will rise to

November 2, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.05%   6.13% 7.26% 15 Yr. Fixed 5.81% -0.04%   5.6% 6.59% 30 Yr. Jumbo 6.30% +0.00%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Nov 2, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.05 0.00 15 Yr. Fixed 5.81% -0.04 0.00 30 Yr. FHA 6.01% -0.04 0.00 30 Yr. Jumbo 6.30% 0.00 0.00 7/6 SOFR ARM 5.89% -0.06 0.00 30 Yr. VA 6.03% -0.04 0.00 Updates Daily - Last Update: 10/31 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.50 -0.06   95.05 100.11 UMBS 30YR 5.5 101.01 -0.04   97.47 101.40 10 YR Treasury 4.094 +0.018   3.932 4.780 MBS Price Change UMBS 4.5 97.46 -0.10 UMBS 5.0 99.50 -0.06 UMBS 5.5 101.01 -0.04 GNMA 4.5 97.59 -0.06 GNMA 5.0 99.65 -0.08 GNMA 5.5 100.79 -0.03 Pricing as of: 11/3 8:40AM EST US Treasury Yield Change 2 YR Treasury 3.586 +0.012 5 YR Treasury 3.701 +0.018 7 YR Treasury 3.888 +0.015 10 YR Treasury 4.094 +0.018 30 YR Treasury 4.676 +0.023 Pricing as of: 11/3 8:40AM EST Other News Black Knight Sees Remaining Potential, Upcoming Shift in Refis Mon, Nov 1, 2021 12:01PM Black Knight says that, amid all of the aid and stimulus provided to keep the economy rolling along during the pandemic, one aspect that doesn't get a lot of attention is refinancing . Black Knight points out in its current Mortgage Monitor that 14.3 million homeowners have refinanced since the beginning of the pandemic, 600,000 of them in each of the past f... (read more) Fannie/Freddie Report Lower Quarterly Revenues, Profits Mon, Nov 1, 2021 1:18PM Fannie Mae and Freddie Mac (the GSEs) reported their respective third quarter 2021 financial results on Friday. Both posted significant increases in net income from the same period in 2020 but results for each were lower than reported in Quarter Two. Fannie Mae says it had $4.8 billion net income for the third quarter of 2021, down from $7.2 billion in the s... (read more) Processing, HELOC, MSR Products; Extensive Range of Training and Events for November Mon, Nov 1, 2021 11:14AM November already? A feast for giving thanks for the harvest began in 1621, and was celebrated intermittently by various colonies/states for the next 240 years. The first national Thanksgiving Day did not mention the Pilgrims by name, but was created in 1863 by President Abraham Lincoln coinciding with expressing gratitude for a pivotal Union Army victory at ... (read more) Latest Video The 2pm Bond Report - November 2, 2021 More than 14 million homeowners refinanced during the pandemic It's time to retire the word 'transitory' in 2022, says Ironside Macroecono... CNBC Fed Survey: Taper imminent, inflation now biggest economic threat Around the Web Calculated Risk Blog HVS: Q3 2021 Homeownership and Vacancy Rates Brookings Institution States under time crunch to provide housing assistance: How to fix it Calculated Risk Blog Update: Framing Lumber Prices Up Year-over-year Calculated Risk Blog CoreLogic: House Prices up 18% YoY in September CNBC The Fed is expected to announce end to bond-buying program as investors seek clues on first hike Calculated Risk Blog The Rapid Increase in Rents Continues CNBC When your rent goes up 40%. As pandemic fades, many tenants see big hikes Reuters Manchin will not commit to backing $1.75 trillion spending bill Calculated Risk Blog Housing Inventory Nov 1st Update: Inventory Down 2.2% Week-over-week Calculated Risk Blog ISM Manufacturing index decreased to 60.8% in October CNBC Yellen tells Biden that Fed Chair Powell has done a 'good job' as renomination looms Calculated Risk Blog Construction Spending Decreased in September Calculated Risk Blog Seven High Frequency Indicators for the Economy

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