The Department of Housing and Urban Development (HUD) has announced a series of actions aimed at assisting in the Biden Administrations goal of creating, preserving, and selling about 100,000 affordable houses over the next three years. The following are the main features of the multi-agency effort. Restarting the FHA's Section 542 (c)Housing Finance Agency Risk-Sharing Program's partnership with theDepartment of Treasury's Federal Financing Bank (FFB Risk-Sharing which was suspended in 2019. This will provide low-cost, Ginnie Mae- comparable rates to HFAs that finance affordable housing development. Raising Fannie Mae's and Freddie Mac's (the GSEs') equity cap for the Low-Income Housing Tax Credit (LIHTC). Each GSE's annual investment in affordable housing development and preservation through

September 3, 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 Sep 3, 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 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Price Change UMBS 5.0 99.74 -0.04 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.05 -0.02 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/9 1:09AM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.009 5 YR Treasury 3.570 +0.008 7 YR Treasury 3.775 +0.006 10 YR Treasury 4.048 +0.009 30 YR Treasury 4.694 +0.003 Pricing as of: 9/9 1:09AM EST Other News HUD Unveils Multi-Agency Affordable Housing Plans Thu, Sep 2, 2021 11:27AM The Department of Housing and Urban Development (HUD) has announced a series of actions aimed at assisting in the Biden Administrations goal of creating, preserving, and selling about 100,000 affordable houses over the next three years. The following are the main features of the multi-agency effort. Restarting the FHA's Section 542 (c)Housing Finance Agency ... (read more) Construction Spending: Residential is Only Game in Town Thu, Sep 2, 2021 2:49PM The U.S. Census Bureau says July's expenditures on all types of construction was at a seasonally adjusted rate of $1.569 trillion compared to $1.563 trillion in June. This is an increase of 0.3 percent and 9.0 percent higher than expenditures in July 2020. On a non-adjusted basis, total spending for the month was $144.046 billion, up from $141.545 billion th... (read more) Bus. Dev., DTC, AE, Corresp. Jobs; Marketing, Processing Tools; Conforming Changes; Jobs Data and Rates Fri, Sep 3, 2021 12:11PM “It was the third of September that day I’ll always remember … Papa was a rolling stone… Wherever he laid his hat was his home. And when he died, all he left us was a loan…” Or may it is “alone.” Regardless, the talk here in Orlando at the well-attended FAMP Annual Convention is about appraiser, and appraisa... (read more) Latest Video The 2pm Bond Report - September 3, 2021 Rising prices, delta variant weigh on consumers' minds: Conference Board CE... ISM services index comes in slightly above expectations in August The 9am Bond Report - September 3, 2021 Around the Web Calculated Risk Blog AAR: August Rail Carloads and Intermodal Down Compared to 2019 Calculated Risk Blog Comments on August Employment Report Calculated Risk Blog Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Decreased CNBC 3.2 million Americans are still long-term unemployed as benefits are set to expire CNBC Here's where the jobs are in one chart CNBC August nonfarm payrolls increase 235,000 vs. 720,000 estimate CNBC Treasury yields are flat ahead of August jobs data Calculated Risk Blog Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in June CNBC Here's why experts believe the U.S. is in a housing boom and not a bubble National Associattion of Realtors Affordable Housing Concerns and Food Insecurity Linked, NARReport Finds Calculated Risk Blog Hotels: Occupancy Rate Down 8% Compared to Same Week in 2019 Calculated Risk Blog August Vehicles Sales Decreased to 13.06 Million SAAR Calculated Risk Blog Trade Deficit Decreased to $70.1 Billion in July

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