At this point, no one should be surprised to hear that mortgage rates have moved significantly higher in 2021--especially in the past few weeks. There are several reasons for this, but the easiest way to make sense of it all is to say "rates were ultra low when covid was at its worst and they've been rising as covid-related risks have been receding." To be sure, there are many other contributing factors, but most of them can be linked right back to the covid narrative. Taking the big, scary rate spike as read, let's move on to wondering about what happens next . All too often in the past 2-3 weeks, there's been a glimmer of hope in the bond market (which dictates day-to-day mortgage rate changes) only for things to get even worse in short order. We've reached another one of those "glimmer of

March 9, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Mar 9, 2021 Mortgage Rates Modestly Lower, But Hoping For More Tue, Mar 9, 2021 4:15PM At this point, no one should be surprised to hear that mortgage rates have moved significantly higher in 2021--especially in the past few weeks. There are several reasons for this, but the easiest way to make sense of it all is to say "rates were ultra low when covid was at its worst and they've been rising as covid-related risks have been receding." To be sure, there are many other contributing factors, but most of them can be linked right back to the covid narrative. Taking the big, scary rate spike as read, let's move on to wondering about what happens next . All too often in the past 2-3 w... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.59 -0.37   95.05 100.50 UMBS 30YR 5.5 101.03 -0.20   97.47 101.61 10 YR Treasury 4.081 +0.050   3.643 4.780 MBS Live Recap: Wednesday's 10yr Auction Could Cast a Big Vote on a Bounce Tue, Mar 9, 2021 4:16PM Wednesday's 10yr Auction Could Cast a Big Vote on a Bounce With bonds coming into the session in much stronger shape, and with yields holding underneath recent highs at 1.62% for almost 2 weeks now, it's fair to start wondering if 1.62% is as high as we go for a while.  Fortunately, one of the best possible litm... (read more) MBS Price Change UMBS 4.5 97.63 -0.41 UMBS 5.0 99.59 -0.37 UMBS 5.5 101.03 -0.20 GNMA 4.5 98.02 -0.14 GNMA 5.0 99.82 -0.38 GNMA 5.5 100.89 -0.32 Pricing as of: 9/17 7:32PM EST US Treasury Yield Change 2 YR Treasury 3.564 +0.060 5 YR Treasury 3.656 +0.070 7 YR Treasury 3.839 +0.068 10 YR Treasury 4.081 +0.050 30 YR Treasury 4.688 +0.036 Pricing as of: 9/17 7:32PM EST Other News Black Knight's Deep Dive Into Equity, Forbearance, and the Future Rate Environment Mon, Mar 8, 2021 10:27AM Last year was a record setting one when it comes to mortgage origination according to Black Knight's January Mortgage Monitor. It puts the total volume of originations during 2020 at $4.3 trillion, the highest in the company's records. Refinance originations, to no one's surprise were also at an all-time high of $2.8 trillion and $1.5 trillion in purchase lo... (read more) February Homebuying Sentiment Declines, Despite Stronger Job Market Tue, Mar 9, 2021 10:38AM Fannie Mae's Home Purchase Sentiment Index (HPSI) declined slightly in February as did four of its six components. The Index, based on a sample of answers to the company's monthly National Housing Survey, dipped 1.2 points to 76.5. It is down 16 points from its level in February 2020. Consumer sentiment soured significantly on the question of whether it is a... (read more) UI Urges Abandoning New Fannie/Freddie Amendments Fri, Mar 5, 2021 11:54AM A new policy paper from the Urban Institute (UI) looks at the recent amendments to the senior preferred stock purchase agreement (PSPA) agreed to by outgoing Treasury Secretary Steven Mnuchin and Mark Calabria, Director the Federal Housing Finance Agency (FHFA) on January 14, 2021. The PSPA governs Treasury's financial relationship with the GSEs Fannie Mae a... (read more) Sales Mgt., MLO Jobs; Processing, FHA, Efficiency, Video Products; Dr. Fratantoni on the Economy Tue, Mar 9, 2021 9:56AM Does anyone agree on anything anymore? In the past, state trivia was fun because everyone agreed on it. No one will disagree that Alaska is the northernmost, westernmost, and easternmost state, for example. Now if I were to say, “There is only one natural lake in Texas: Caddo Lake,” people will find fault with it. “What about Sabine Lake?&r... (read more) Latest Video House of Representatives preparing for final vote on Covid-19 relief packag... Real estate broker REX sues Zillow and National Association of Realtors Zillow responds to REX lawsuit Jared Bernstein on whether the stimulus bill will boost inflation Around the Web Calculated Risk Blog Northwest Real Estate in February: Sales up 10% YoY, Inventory down 44% YoY Calculated Risk Blog Denver Real Estate in February: Sales Up 4% YoY, Active Inventory Down 58% Calculated Risk Blog NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased 4.1% YoY in Early March Calculated Risk Blog North Texas Real Estate in February: Sales Down 6% YoY, Inventory Down 65% YoY Calculated Risk Blog SF Fed: Weather Reduced February Employment by About 100 Thousand Reuters U.S. House readies final vote on Biden's $1.9 trillion COVID-19 package CNBC European markets edge higher as bond yields retreat CNBC 10-year Treasury yield pulls back from recent highs Reuters After year of isolation, vaccinated older Americans start to reclaim their lives Calculated Risk Blog Black Knight Mortgage Monitor for January Reuters Stocks dip as yields hold near one-year high Calculated Risk Blog Las Vegas Real Estate in February: Sales up 13% YoY, Inventory down 57% YoY CNBC Americans paid off a record $83 billion in credit card debt in 2020

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