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: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Sep 23, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 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 5.0 99.59 -0.37   95.05 100.50 UMBS 30YR 5.5 101.03 -0.20   97.47 101.61 10 YR Treasury 4.081 +0.050   3.643 4.780 MBS Price Change UMBS 4.5 97.63 -0.41 UMBS 5.0 99.59 -0.37 UMBS 5.5 101.03 -0.20 GNMA 4.5 98.02 -0.14 GNMA 5.0 99.82 -0.38 GNMA 5.5 100.89 -0.32 Pricing as of: 9/17 6:59PM EST US Treasury Yield Change 2 YR Treasury 3.564 +0.060 5 YR Treasury 3.656 +0.070 7 YR Treasury 3.839 +0.068 10 YR Treasury 4.081 +0.050 30 YR Treasury 4.688 +0.036 Pricing as of: 9/17 6:59PM EST Other News Mortgage Applications Rise, Reflecting Improved Inventories Wed, Sep 22, 2021 8:08AM 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 ... (read more) Inventories Pushing Buyers Toward New Homes Wed, Sep 22, 2021 8:10AM 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 Builder Application Survey (BAS) are not adjusted to reflect seasonal patterns. "Mortgage applications to purchase ... (read more) MLO, Ops Jobs; Blockchain, Compliance Training, Consumer Complaint Products; Fed weighs in Thu, Sep 23, 2021 11:05AM 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 borrowers , and what are you going to do about it? Strategy is for amateurs; execution is for professionals. A... (read more) 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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