The U.S. Census Bureau reports that homeownership was unchanged in the third quarter of 2021 from the rate in the second quarter, 65.4 percent, but was down two full percentage points year over year. The rate had been climbing out of the 62.9 percent low it hit in the second quarter of 2016, but reversed course after hitting a recent high of 67.9 in the second quarter of last year, the period in which the first wave of the pandemic hit. The rate declined from a year earlier in all major regions, most notably in the South, down 3.8 points to 67.0, and the West which fell from 62.1 percent to 59.9 percent. The West's rate is the regional low while the Midwest's rate is the highest at 70.9 percent. The highest ownership rate by age was, as always, among the oldest cohort, those over 65 years of

November 3, 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 3, 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 99.51 -0.06   95.05 100.11 UMBS 30YR 5.5 101.02 -0.04   97.47 101.40 10 YR Treasury 4.092 +0.017   3.932 4.780 MBS Price Change UMBS 4.5 97.48 -0.09 UMBS 5.0 99.51 -0.05 UMBS 5.5 101.02 -0.04 GNMA 4.5 97.59 -0.05 GNMA 5.0 99.66 -0.07 GNMA 5.5 100.79 -0.03 Pricing as of: 11/3 8:46AM EST US Treasury Yield Change 2 YR Treasury 3.586 +0.012 5 YR Treasury 3.700 +0.016 7 YR Treasury 3.888 +0.014 10 YR Treasury 4.094 +0.018 30 YR Treasury 4.674 +0.021 Pricing as of: 11/3 8:46AM EST Other News Homeownership Rates Decline in Every Category Wed, Nov 3, 2021 9:05AM The U.S. Census Bureau reports that homeownership was unchanged in the third quarter of 2021 from the rate in the second quarter, 65.4 percent, but was down two full percentage points year over year. The rate had been climbing out of the 62.9 percent low it hit in the second quarter of 2016, but reversed course after hitting a recent high of 67.9 in the seco... (read more) Refi Share of Mortgage Applications Continues to Shrink Wed, Nov 3, 2021 9:04AM The volume of mortgage applications as measured by the Mortgage Bankers Association's (MBA's) Market Composite Index declined during the week ended October 29. The Index was down 3.3 percent on a seasonally adjusted basis and 4 percent unadjusted when compared with the prior week. The Refinance Index was also down 4 percent and was 33 percent below its level... (read more) Borrower-Centric, Purchase, Medical Professional Products; Investors' Agency News, Zillow Ends House-Flipping Biz Wed, Nov 3, 2021 11:02AM Real estate investors, agents, and lenders were keenly interested in Zillow’s earnings call yesterday. Those of us listening in learned that the company is ending its home-flipping business and will lay off 25 percent of its staff. No one can consistently, accurately predict housing prices, or rates. In his Basis Point, Julian Hebron addressed the topi... (read more) Latest Video Powell on the Fed's rate-raising plan for 2022 Powell: We are prepared to adjust asset purchases, will be very transparent Fed leaves rates unchanged, will begin taper this month Fed to begin its taper this month Around the Web CNBC Traders move up expectations for the Fed's first rate hike to the summer of 2022 Redfin Supply of Affordable Homes Posts Record Gain as Mortgage Forbearance Ends Reuters Wall St edges higher after Fed unveils anticipated bond-buying 'taper' NY Fed NY Fed's Statement on MBS Buying Reuters Fed unveils bond-buying 'taper,' sticks with 'transitory' inflation belief Calculated Risk Blog The Market Impact of the Closure of Zillow Offers Reuters With bond-buying 'taper' on track, Fed turns wary eye to inflation Calculated Risk Blog ISM Services Index Increased to 66.7% in October Fannie Mae Fannie Mae Executes Credit Insurance Risk Transfer Transaction on $32 Billion of Single-Family Loans CNBC Private payrolls up 571,000 in October on jump in hospitality hires, topping 395,000 estimate The Basis Point Zillow smart to end homebuying & refocus on $1.8b lead biz CNBC Treasury yields fall ahead of Fed policy verdict Calculated Risk Blog HVS: Q3 2021 Homeownership and Vacancy Rates

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