A new report from ATTOM says that the number of mortgage originations dropped sharply in the third quarter. The company says there were 3.59 million residential mortgages originated during that period, a 3,2 percent increase over the 3.48 million during the same quarter in 2020, but an 8.4 percent decline from the 3.92 million originations in the second quarter of 2012, the largest quarterly dip in more than a year. The quarter-over-quarter slide followed another in Q2 and marked the first time in more than two years that total lending decreased in two consecutive quarters. It was also the first time in any year since at least 2000 that total lending activity went down from both the first to the second quarter and from the second to the third quarter of any year, usually are peak homebuying

December 7, 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 7, 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 99.60 +0.14   95.05 100.11 UMBS 30YR 5.5 101.09 +0.09   97.47 101.40 10 YR Treasury 4.083 -0.026   3.932 4.780 MBS Price Change UMBS 4.5 97.55 +0.13 UMBS 5.0 99.60 +0.15 UMBS 5.5 101.09 +0.10 GNMA 4.5 97.54 +0.04 GNMA 5.0 99.81 +0.17 GNMA 5.5 100.88 +0.09 Pricing as of: 11/4 3:22AM EST US Treasury Yield Change 2 YR Treasury 3.581 -0.028 5 YR Treasury 3.694 -0.030 7 YR Treasury 3.877 -0.028 10 YR Treasury 4.085 -0.024 30 YR Treasury 4.666 -0.027 Pricing as of: 11/4 3:22AM EST Other News ATTOM: Mortgage Market Might Not Be Cooling, But it Has Reversed Course Fri, Dec 3, 2021 4:25PM A new report from ATTOM says that the number of mortgage originations dropped sharply in the third quarter. The company says there were 3.59 million residential mortgages originated during that period, a 3,2 percent increase over the 3.48 million during the same quarter in 2020, but an 8.4 percent decline from the 3.92 million originations in the second quar... (read more) TILA Appraisal Exemption Threshold Moves Higher Thu, Dec 2, 2021 11:26AM Like a rising tide, rising prices are pushing a lot of other financial elements higher. Earlier this week surging home prices drove a near $100K increase in conforming loan limits, now regulators have raised the dollar threshold for an exemption to the Truth in Lending Act (TILA) based on rising wages. Section 129H of TILA establishes special appraisal requi... (read more) Sales Training, VOA, Talent Acquisition, Marketing Tools; CFPB Trends: Competing on Compliance? Tue, Dec 7, 2021 11:17AM Today I head to San Diego for a California MBA board meeting, the home base of the Pacific Fleet. It’s been 80 years since Pearl Harbor, a “date that will live in infamy.” That was a terrible day. We all have bad days, but nothing in comparison to that and it is important to keep those days in perspective. The United States and our allies f... (read more) Latest Video Better.com CEO fires more than 900 employees on Zoom call Long-term interest rates are stuck, we're in a global debt trap: Morgan Sta... The 9am Bond Report - December 7, 2021 The 3pm Bond Report - December 6, 2021 Around the Web Calculated Risk Blog Leading Index for Commercial Real Estate "Declines in November"; Up Sharply Year-over-year Reuters Amazon services down for thousands of users - Downdetector.com CFPB CFPB Issues Final Rule to Facilitate Transition from LIBOR Calculated Risk Blog 1st Look at Local Housing Markets in November Fannie Mae Economic Pessimism Hits 10-Year High, but Consumer Sentiment Toward Housing Remains Flat CNBC Wells Fargo sees borrower defaults starting to rise from low levels reached during pandemic Calculated Risk Blog CoreLogic: House Prices up 18% YoY in October Calculated Risk Blog Trade Deficit Decreased to $67.1 Billion in October CNBC Treasury yields inch higher as omicron variant fears ease Calculated Risk Blog As Forbearance Ends Reuters Biden targets all-cash home deals in anti-corruption drive CNBC Apartment rent and occupancy hit record highs, even as market enters its traditionally slow season Calculated Risk Blog Housing Inventory December 6th Update: Inventory Down 6.5% Week-over-week

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