Mortgage Trends & Rate Activity - Optimal Blue

DAILY MARKET BRIEFING:

Mortgage Trends & Rate Activity

Daily Market Briefing: Mortgage Trends & Rate Activity

MARKET RATE INDICES

4.0%

3.8%

3.6%

Jumbo rates recovered 17 bps

on Friday. The remaining

3.4%

products saw little to no

change.

3.2%

3.0%

2.8%

Market Index

2

Current Rate

30-YR Conforming

3.36%

30-YR Jumbo

3.56%

30-YR FHA

3.34%

30-YR VA

2.96%

1-Day Delta

Source: Optimal Blue Mortgage Market Indices (OBMMI) ¨C obmmi

7-Day Delta

4-Week Delta

Daily Market Briefing: Mortgage Trends & Rate Activity

30-YR CONFORMING TO 10-YR TREASURY RATE SPREAD

4.0%

3.5%

3.0%

2.5%

The 30-year conforming to 10year treasury spread did not

2.0%

change on Friday.

1.5%

1.0%

0.5%

0.0%

Market Index

3

Current Value

10-YR Treasury

0.60%

30-YR Conforming

3.36%

10-YR to 30-YR Spread

2.76%

1-Day Delta

Source: Optimal Blue Mortgage Market Indices (OBMMI) ¨C obmmi

U.S. Department of the Treasury ¨C

7-Day Delta

4-Week Delta

Daily Market Briefing: Mortgage Trends & Rate Activity

RATE LOCK VOLUME BY LOAN PURPOSE

350

3.7%

OBMMI 30-YR Conf.

300

3.6%

250

3.5%

200

3.4%

Rate lock volumes fell about

15% across the board. The refi

150

3.3%

100

3.2%

50

3.1%

0

3.0%

Market Volume Index

Current Value

1-Day % Change

(Total Volume indexed to 100 on 1/2/2020)

Purchase

58

Cash-out Refinance

36

Rate-Term Refinance

108

Total

202

Refinance Share*

71.1%

*Refinance Share changes reflect inter-period delta

4

share edged up to 71%.

Source: Optimal Blue Mortgage Market Indices (OBMMI) ¨C obmmi

Optimal Blue Market Analytics ¨C market-analytics

7-Day % Change

4-Week % Change

Daily Market Briefing: Mortgage Trends & Rate Activity

MIX OF BUSINESS BY LOAN PRODUCT

100%

90%

80%

70%

Conforming loans lost a bit of

60%

share on Friday which was

50%

40%

mostly picked up by VA

30%

lending.

20%

10%

0%

5

Loan Product Mix

Current Value

Conforming

76.8%

Non-Conforming

3.2%

FHA

7.9%

VA

11.3%

USDA

0.8%

1-Day Delta

Source: Optimal Blue Market Analytics ¨C market-analytics

7-Day Delta

4-Week Delta

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