On Wednesday CoreLogic reported that prices in October were up 18 percent on an annual basis, the highest level in more than 45 years and identical to the gain in September. On Thursday, the company put those gains in perspective. That perspective, contained in its Homeowner Equity Report, is a massive $3.2 trillion gain in home equity during the third quarter of this year. This means that owners of homes with a mortgage, 63 percent of the total, increased their ownership share of their homes by 31.1 percent since the third quarter of 2020, an average annual gain of $56,700 per property. The company says these equity gains provided a crucial barrier against foreclosure for the 1.2 million borrowers who reached the end of forbearance in September. "Not only have equity gains helped homeowners

December 9, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Dec 9, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 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 99.47 +0.02   95.05 100.11 UMBS 30YR 5.5 101.00 +0.00   97.47 101.40 10 YR Treasury 4.107 -0.003   3.932 4.780 MBS Price Change UMBS 4.5 97.42 +0.00 UMBS 5.0 99.47 +0.02 UMBS 5.5 101.00 +0.00 GNMA 4.5 97.43 -0.07 GNMA 5.0 99.70 +0.06 GNMA 5.5 100.80 +0.01 Pricing as of: 11/3 9:02PM EST US Treasury Yield Change 2 YR Treasury 3.604 -0.005 5 YR Treasury 3.719 -0.005 7 YR Treasury 3.901 -0.004 10 YR Treasury 4.108 -0.001 30 YR Treasury 4.687 -0.006 Pricing as of: 11/3 9:02PM EST Other News Negative Equity Reaches 12-year Low Thu, Dec 9, 2021 11:14AM On Wednesday CoreLogic reported that prices in October were up 18 percent on an annual basis, the highest level in more than 45 years and identical to the gain in September. On Thursday, the company put those gains in perspective. That perspective, contained in its Homeowner Equity Report, is a massive $3.2 trillion gain in home equity during the third quart... (read more) CFPB Announces Final Rule for LIBOR Transition Thu, Dec 9, 2021 11:08AM LIBOR has taken longer to exit the stage than Lawrence Olivier, but the final curtain call is coming for the index. The Consumer Financial Protection Bureau (CFPB) has now finalized the rule for how creditors must select replacements for LIBOR , the London Interbank Offered Rate, once used for adjusting many financial products including derivatives and adjus... (read more) Secondary, Broker, Non-QM, Disaster, Dashboard Tools; VA and FHA Changes; Jobless Claims! Thu, Dec 9, 2021 10:59AM Want to know who’s in trouble for what? The Consumer Financial Protection Bureau (CFPB) issued its Supervisory Highlights report yesterday, which “shines a light” on legal violations identified by the CFPB’s examinations in the first half of 2021 as well as prior CFPB supervisory findings that led to public enforcement actions in the ... (read more) Latest Video Senate approves bill to fast track debt limit vote Treasury auctions $22 billion in 30-year bonds The 9am Bond Report - December 9, 2021 CNBC's All-America Economic Survey: Americans plan for robust holiday spend... Around the Web Calculated Risk Blog The Home ATM, aka Mortgage Equity Withdrawal (MEW) CNBC Why unemployment claims are at their lowest in decades Calculated Risk Blog Hotels: Occupancy Rate Down 9% Compared to Same Week in 2019 CNBC U.S. weekly jobless claims total 184,000 vs. 211,000 estimate CNBC Treasury yields dip as investors eye omicron developments and data CNBC Another Powell pivot raises questions about the Fed's policy credibility Calculated Risk Blog NMHC: Rent Payment Tracker Shows Households Paying Rent Increased YoY in Early December Redfin Housing Market Update: Home Prices Hit Another Record High as Supply of Homes For Sale Hits Record Low Calculated Risk Blog BLS: Job Openings Increased to 11.0 million in October CNBC Pfizer-BioNTech say booster dose provides high level of protection against omicron variant CNBC Treasury yields inch lower amid mixed updates on the omicron variant Reuters U.S. House passes bill to speed passage of debt limit increase Calculated Risk Blog Leading Index for Commercial Real Estate "Declines in November"; Up Sharply Year-over-year

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