Fannie Mae's economists provided a mixed forecast this month. The baseline view of the company's Economic and Strategic Research (ESR) group is for the recent virus surge to drag modestly on consumers' services consumption in the near term and modestly worsen supply chain disruptions abroad, but they don't think it will prevent solid growth in the current quarter. They do note early signs of modest behavioral changes on the part of consumers and companies. For example, a high frequency measure of restaurant reservations has recently pulled back slightly, and several airlines are reporting an uptick in customer flight cancellations. The most recent measure of the University of Michigan Consumer Confidence survey also declined dramatically, suggesting the COVID upswing is weighing on sentiment

August 20, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Aug 20, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.06 -0.22   97.47 101.61 UMBS 30YR 6.0 102.36 -0.18   99.66 102.50 10 YR Treasury 4.082 +0.043   3.621 4.780 MBS Price Change UMBS 5.0 99.45 -0.32 UMBS 5.5 101.06 -0.22 UMBS 6.0 102.37 -0.17 GNMA 5.0 99.73 -0.34 GNMA 5.5 101.04 -0.14 GNMA 6.0 102.01 -0.17 Pricing as of: 9/9 5:50PM EST US Treasury Yield Change 2 YR Treasury 3.558 +0.071 5 YR Treasury 3.615 +0.054 7 YR Treasury 3.815 +0.047 10 YR Treasury 4.087 +0.047 30 YR Treasury 4.731 +0.041 Pricing as of: 9/9 5:50PM EST Other News Fannie Mae Says COVID-19 Surge Won't Impact Growth. Probably. Fri, Aug 20, 2021 1:42PM Fannie Mae's economists provided a mixed forecast this month. The baseline view of the company's Economic and Strategic Research (ESR) group is for the recent virus surge to drag modestly on consumers' services consumption in the near term and modestly worsen supply chain disruptions abroad, but they don't think it will prevent solid growth in the current qu... (read more) Although Dwindling, Serious Delinquencies Still a Concern Fri, Aug 20, 2021 1:39PM The federal foreclosure moratoria expired at the end of July and, with some 1.45 million borrowers seriously delinquent on their mortgages but not in foreclosure, Black Knight says, "potential foreclosure activity in the coming months warrants close observation." The majority of those seriously delinquent mortgages, however, are still in active forbearance p... (read more) Sales Mgt., MLO Jobs; HELOC, Warehouse, Blockchain, Licensing Tools; News on Jumbo and Non-QM Products Fri, Aug 20, 2021 10:46AM Who wants to work on a Friday in summer? Not me! I was pleased to find the Type The Alphabet Game , which times you on how fast you type the alphabet. Fun, and doesn’t take much time. For something different, and some of you may need a tissue when reading it, here’s a great story about Polish javelin thrower who auctioned off her silver medal to ... (read more) Latest Video Cement and concrete industries get ready for demand boom amid U.S. infrastr... The Fed's taper and delta variant remain biggest risks to markets, says BMO... The 9am Bond Report - August 20, 2021 What to know ahead of the Fed's Jackson Hole meeting Around the Web Calculated Risk Blog California July Housing: Sales down 2% YoY, "Home sales and prices curb in July" Calculated Risk Blog August 20th COVID-19: Cases May be Peaking Reuters U.S. appeals court panel rejects latest bid to halt CDC eviction moratorium CNBC Fed officials will seek to avoid a tantrum as they keep 'taper talk' going at Jackson Hole CNBC Concrete and cement industries brace for demand boom from $1 trillion infrastructure plan Fannie Mae Manufacturing Output Recovers to Pre-Pandemic Levels as Housing Starts, Retail Sales Slide Calculated Risk Blog Q3 GDP Forecasts: Downward Revisions Calculated Risk Blog Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Increased Slightly Black Knight Black Knight's First Look at July 2021 Mortgage Data NY Fed New York Fed purchases $6.001 billion in Treasurycoupons Calculated Risk Blog Existing Home Inventory in July: Local Markets CNBC Treasury yields fall amid delta variant concerns and Fed taper discussion CNBC Second-largest U.S. mortgage lender will accept payment in bitcoin

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