The volume of applications for first mortgages grew by 4.9 percent on a seasonally adjusted basis during the first full week after Labor Day. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage loan application volume increased 16 percent during the week ended September 17. The prior week's numbers had been adjusted to account for the holiday. The Refinance Index increased 7 percent from the previous week but was 5 percent lower than the same week one year ago. The refinance share of mortgage activity increased to 66.2 percent of total applications from 64.9 percent the previous week. The seasonally adjusted Purchase Index was 2 percent higher week-over-week and up 12 percent unadjusted. Volume was 13 percent lower than the same week one year ago. Refi

September 23, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman MLO, Ops Jobs; Blockchain, Compliance Training, Consumer Complaint Products; Fed weighs in This morning the Mortgage Bankers Association's Research Institute for Housing America (RIHA) released, The Impact of Climate Change on Housing and Housing Finance .” Whether or not you believe in it, if it impacts MBS pricing, it impacts your ... (read more) Housing News Mortgage Applications Rise, Reflecting Improved Inventories The volume of applications for first mortgages grew by 4.9 percent on a seasonally adjusted basis during the first full week after Labor Day. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage loan applicati... (read more) Housing News Inventories Pushing Buyers Toward New Homes The Mortgage Bankers Association (MBA) estimates that there were 17 percent fewer applications for new home purchases in August than in July, but those applications were 9 percent greater year-over-year. The figures, gathered from MBA's monthly Build... (read more) Mortgage Rates Epic Fed Needle Threading Leaves Rates Relatively Unchanged 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries MBS Live Recap: What's Up With Today's Big Sell-Off? UMBS 30YR 5.5 99.90 -0.03 Price / Yield Change MBS UMBS 5.5 99.90 -0.03 UMBS 6.0 101.56 -0.02 GNMA 5.5 100.06 0.00 GNMA 6.0 101.42 +0.01 Pricing as of: 7/1 11:20PM EST 10 Year US Treasury 4.2504 +0.0112 Price / Yield Change US Treasury 2 YR Treasury 3.778 +0.001 5 YR Treasury 3.840 +0.001 7 YR Treasury 4.025 +0.012 10 YR Treasury 4.250 +0.011 30 YR Treasury 4.773 +0.006 Pricing as of: 7/1 11:20PM EST Latest Video The 3pm Bond Report - September 23, 2021 Evergrande is not China's 'Lehman moment,' Rosenberg says How the Fed announcement affects big banks Fed: Net worth of households, nonprofits rose to $141.7T in Q2 2021 Around the Web Reuters Fed's Powell opens door to tougher regulations as renomination decision looms Reuters Stocks soar, dollar sags as investors weigh Fed, Evergrande Calculated Risk Blog CoreLogic: 1.2 Million Homes with Negative Equity in Q2 2021 Federal Reserve Federal Reserve issues FOMC statement CNBC U.S. weekly jobless claims total 351,000 topping 320,000 estimate Reuters China's mom-and-pop investors, builders and homebuyers caught in Evergrande debt crisis CNBC Treasury yields mixed after Fed says it may soon taper its bond buying CNBC Half of the Fed members now see the central bank hiking rates next year Reuters Fed flags bond-buying taper 'soon,' rate hike shifts to 2022 Reuters U.S. Senate showdown vote on debt limit could come next week CNBC Why renters are struggling so much now Calculated Risk Blog AIA: "Architecture billings continue to increase" in August Reuters Fed likely to open bond-buying 'taper' door, but hedge on outlook

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