Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 27.2 percent in March compared to a 17.7 percent gain in February. The portfolio balance at the end of the period was $2.927 trillion compared to $2.882 trillion the prior month and $2.404 trillion a year earlier. Purchases and Issuances totaled $142.465 billion, and Sales were ($.785) billion. The February numbers were $114.682 billion and ($.460) billion, respectively. Single-family refinance loan purchase and guarantee volume was $103.3 billion in March compared to $85.0 billion in February, representing a 76 percent share of total single-family mortgage portfolio purchases and issuances, down from 77 percent the previous month. Purchases in Freddie Mac's Mortgage Related Investments Portfolio

April 30, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Apr 30, 2021 Mortgage Rates Recover After Some Morning Drama Thu, Apr 29, 2021 4:19PM Mortgage rates were mixed today, depending on the lender. Virtually every lender began the day with slightly higher rates, but most offered mid-day improvements in response to market conditions. As always, worth remembering that when we talk about "rates" moving higher or lower on almost any given day, the average mortgage borrower will not be seeing an actual change in their " note rate " (the rate at the top of a mortgage/promissory "note"). But note rates only comprise one side of the mortgage rate equation. That's because the cost of borrowing also depends on any upfront costs required by ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 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 5.5 101.15 +0.02   97.47 101.61 UMBS 30YR 6.0 102.41 +0.02   99.66 102.50 10 YR Treasury 4.070 +0.004   3.621 4.780 MBS Live Day Ahead: Slow Start. Green Start. MBS Outperforming Fri, Apr 30, 2021 10:02AM Bonds are starting the day in decent shape with 10yr yields just slightly lower than yesterday's latest levels.  The bigger story is MBS outperformance though.  When compared to the typical Treasury benchmarks, MBS yields are lower than they've been in decades.  What's a typical Treasury benchmark?  We have spent vastly more time using ... (read more) MBS Price Change UMBS 5.0 99.65 +0.02 UMBS 5.5 101.16 +0.03 UMBS 6.0 102.42 +0.02 GNMA 5.0 100.00 0.00 GNMA 5.5 101.15 +0.01 GNMA 6.0 102.02 +0.01 Pricing as of: 9/15 8:36AM EST US Treasury Yield Change 2 YR Treasury 3.551 -0.001 5 YR Treasury 3.630 -0.001 7 YR Treasury 3.817 +0.002 10 YR Treasury 4.070 +0.004 30 YR Treasury 4.689 +0.008 Pricing as of: 9/15 8:36AM EST Other News Refinance Loans Continue to Dominate Freddie Mac's Volume Fri, Apr 30, 2021 10:55AM Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 27.2 percent in March compared to a 17.7 percent gain in February. The portfolio balance at the end of the period was $2.927 trillion compared to $2.882 trillion the prior month and $2.404 trillion a year earlier. Purchases and Issuances totaled $142.465 billi... (read more) Forbearance Totals Tick Higher Fri, Apr 30, 2021 10:53AM The number of loans in forbearance rose over the past week, driven by increases in those held in bank portfolios and private label securities (PLS). Black Knight said the first uptick in nine weeks netted out to only 20,000 as the number of forbearances serviced for Fannie Mae and Freddie Mac (the GSEs), FHA, and the VA declined. As of April 27, there were a... (read more) Pending Home Sales Rise Less Than Expected as Inventory Remains Ultra Tight Thu, Apr 29, 2021 10:55AM While the degree to which is happened was somewhat disappointing, pending home sales did snap out of a two-month slump in March . The National Association of Realtors'® (NAR's) Pending Home Sales Index (PHSI) rose 1.9 percent to 111.3 in March and is now up 23.3 percent compared to March 2020. However, NAR points out that the annual increase was largely ... (read more) CRM, Ops, Consumer Direct, AE, LO Jobs; JV and MSA Updates; Redwood Trust Results; CFPB Action Fri, Apr 30, 2021 10:19AM How are we 1/3 done with 2021 already? Few are sitting on their hands as the months roll on. Exxon had its first profitable quarter since 2019. Fannie Mae posted its first quarter results this morning: $5.0 billion net income for the first quarter of 2021 (compared with $4.6 billion for the fourth quarter of 2020), and its net worth increased to $30.2 billio... (read more) Latest Video Why it's getting so expensive to build a home Fed action on rates could happen sooner, says 'Halftime' trader Chicago April PMI comes in at 72.1, vs 65 expected April consumer sentiment 88.3, vs. 87.3 expected Around the Web Fannie Mae Stimulus and Vaccinations Boost Q1 GDP and March Savings Calculated Risk Blog Early Q2 GDP Forecasts: 10% CNBC Soaring lumber prices add $36,000 to the cost of a new home, and a fierce land grab is only making it worse Calculated Risk Blog Real Personal Income less Transfer Payments Redfin Housing Market Update: Home Prices Climb to New Heights as Spring Brings Little Relief to Buyers Awaiting a Supply Boost Redfin Newly Built Homes Make Up 26% of All Single-Family Homes for SaleA Record High Calculated Risk Blog Personal Income increased 21.1% in March, Spending increased 4.2% CNBC To get a low mortgage rate, your credit score matters. Here's how to boost it Reuters World shares near record high, euro upbeat on Fed, earnings CNBC 10-year Treasury yield rises as investors digest strong economic growth data CNBC Job growth could surpass 1 million in April hiring boom as economy roars back CNBC Biden's plan for inherited real estate may impact more people than just the wealthy Calculated Risk Blog Hotels: Occupancy Rate Down 17% Compared to Same Week in 2019

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