Investor Presentaiton

7 Mortgage Rates Are at Peak Levels Since 1990s Due to rising treasury yields and widening spreads to benchmark yields, current mortgage rates, at ~8%, are at their highest level since the late 1990s BankRate.com 30Y Fixed Mortgage National Average Rate: 8.5% 8.0% 7.5% 7.0% 6.5% 6.0% 5.5% 5.0% wwww 4.5% 4.0% 3.5% 3.0% 2.5% 8.0% Oct-99 Oct-01 Oct-03 Oct-05 Oct-07 Oct-09 Oct-11 Oct-13 Oct-15 Oct-17 Oct-19 Oct-21 Oct-23 Source: Bloomberg, as of October 18, 2023. 24 24

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