Existing home sales posted their third monthly loss in April, falling 2.7 percent compared to sales in March. The National Association of Realtors® (NAR) said seasonally adjusted sales of single-family homes, townhouses, condominiums, and cooperative apartments were at a rate of 5.85 million units compared to 6.01 million the prior month. The annual rate has declined from 6.66 million in January, the last time sales were up. April's rate was 33.9 percent higher than the 4.37 million pace in April 2020, but that was amid COVID-19 related business closures. Sales came in below even the lowest estimate (5.9 million) of analysts polled by Econoday. Their consensus was for a slight month-over-month uptick to a rate of 6.085 million units. Single-family home sales dropped to a seasonally-adjusted

May 24, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for May 24, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 7:02AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.061 +0.022 30 YR Treasury 4.719 +0.029 Pricing as of: 9/9 7:02AM EST Other News Existing Home Sales Post Third Monthly Loss in April Fri, May 21, 2021 12:16PM Existing home sales posted their third monthly loss in April, falling 2.7 percent compared to sales in March. The National Association of Realtors® (NAR) said seasonally adjusted sales of single-family homes, townhouses, condominiums, and cooperative apartments were at a rate of 5.85 million units compared to 6.01 million the prior month. The annual rate... (read more) Forbearances Rise Slightly as Borrowers Re-enter Plans Fri, May 21, 2021 10:28AM American homeowners, even some of those most affected by the pandemic, seems to be edging back from anything resembling the foreclosure avalanche of 2007 to 2010. Black Knight, in its "first look" at April data, shows loan performance improving quickly, while in a second release, the company's weekly report on forbearance plans, we see that some of the impro... (read more) AE, MLO, Ops Jobs; Mixed-use, Fulfillment, Non-Agency Products; Events and Training Mon, May 24, 2021 10:48AM What is your, and your company’s, value proposition? Lenders must be vigilant, which means paying attention to trends, big and small. For example, on the large scale, more and more analysts are talking about talking about the Federal Reserve tapering off on its asset purchases, given the potential expanding U.S. economy. It seems that only the Fed is h... (read more) Latest Video The 9am Bond Report - May 24, 2021 Are extended jobless benefits to blame for worker shortages? What the bond market is signaling right now Realogy CEO on real estate frenzy: 'Consumer demand is sky high' Around the Web Reuters U.S. reports lowest number of new COVID-19 cases in nearly a year Calculated Risk Blog Housing Inventory May 24th Update: Inventory Increased Week-over-week National Associattion of Realtors All-Cash Sales are Rising Sharply Amid Intense Buyer Competition Calculated Risk Blog Lawler: Single-Family Rent Trends CNBC Fed's Lael Brainard pushes digital dollar as central bank currency race heats up Calculated Risk Blog Seven High Frequency Indicators for the Economy Calculated Risk Blog REALTORS Confidence Index Survey April 2021 CNBC Treasury yields dip slightly to start the week Calculated Risk Blog Homebuilder Comments in Mid-May: "Reducing Sales, Limiting Sales" Calculated Risk Blog BLS: April Unemployment rates down in 12 States Reuters U.S. manufacturing accelerates; tight supply pushes home sales to 10-month low Calculated Risk Blog Q2 GDP Forecasts: Around 10% Reuters U.S. existing home sales extend decline; house prices race to record high

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