Fall Regulatory Summit

Internal Use Only

Mortgages vs 10-Year T-Bonds (source: Board of Governors of Federal Reserve)

100 120 140 160 180 200 220 240 260 280 300

Jul-97

Jul-02

Jul-07

Jul-12

Jul-17

Jul-22

Jan-95

Jan-00

Jan-05

Jan-10

Jan-15

Jan-20

Sep-96

Sep-01

Sep-06

Sep-11

Sep-16

Sep-21

Mar-99

Mar-04

Mar-09

Mar-14

Mar-19

Nov-95

Nov-00

Nov-05

Nov-10

Nov-15

Nov-20

May-98

May-03

May-08

May-13

May-18

May-23

FALL REGULATORY SUMMIT Denver, CO – September 25, 2023

Internal Use Only

Mortgage Activity: Purchase & Refinance (Source: Mortgage Bankers Association)

0 100 200 300 400 500 600 700 800 900

Purchase Refinance

1997 - Q1

1997 - Q4

1998 - Q3

1999 - Q2

2000 - Q1

2000 - Q4

2001 - Q3

2002 - Q2

2003 - Q1

2003 - Q4

2004 - Q3

2005 - Q2

2006 - Q1

2006 - Q4

2007 - Q3

2008 - Q2

2009 - Q1

2009 - Q4

2010 - Q3

2011 - Q2

2012 - Q1

2012 - Q4

2013 - Q3

2014 - Q2

2015 - Q1

2015 - Q4

2016 - Q3

2017 - Q2

2018 - Q1

2018 - Q4

2019 - Q3

2020 - Q2

2021 - Q1

2021 - Q4

2022 - Q3

FALL REGULATORY SUMMIT Denver, CO – September 25, 2023