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: Rob Chrisman Sales Training, VOA, Talent Acquisition, Marketing Tools; CFPB Trends: Competing on Compliance? 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 i... (read more) Housing News ATTOM: Mortgage Market Might Not Be Cooling, But it Has Reversed Course 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 dur... (read more) Housing News TILA Appraisal Exemption Threshold Moves Higher 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 t... (read more) Mortgage Rates Mortgage Rates Move Higher Again 30 Yr. Fixed Rate 6.82% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% -0.01 0.00 15 Yr. Fixed 6.07% -0.01 0.00 30 Yr. FHA 6.40% -0.01 0.00 30 Yr. Jumbo 6.92% -0.01 0.00 7/6 SOFR ARM 6.31% -0.01 0.00 30 Yr. VA 6.42% 0.00 0.00 Updates Daily - Last Update: 7/17 15 Yr. Fixed Rate 6.07% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries MBS Live Recap: Bonds Remain Under Pressure, But MBS Outperformed UMBS 30YR 5.5 99.14 +0.02 Price / Yield Change MBS UMBS 5.5 99.14 +0.02 UMBS 6.0 101.17 +0.04 GNMA 5.5 99.44 +0.03 GNMA 6.0 101.14 +0.04 Pricing as of: 7/17 9:17PM EST 10 Year US Treasury 4.4410 -0.0123 Price / Yield Change US Treasury 2 YR Treasury 3.889 -0.015 5 YR Treasury 3.978 -0.013 7 YR Treasury 4.198 -0.012 10 YR Treasury 4.441 -0.012 30 YR Treasury 5.012 -0.002 Pricing as of: 7/17 9:17PM EST 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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