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 24, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Sep 24, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 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 5.5 101.14 +0.01   97.47 101.61 UMBS 30YR 6.0 102.40 +0.00   99.66 102.50 10 YR Treasury 4.075 +0.009   3.621 4.780 MBS Price Change UMBS 5.0 99.64 +0.01 UMBS 5.5 101.15 +0.02 UMBS 6.0 102.41 +0.01 GNMA 5.0 99.99 -0.01 GNMA 5.5 101.14 +0.01 GNMA 6.0 102.01 +0.01 Pricing as of: 9/15 5:26AM EST US Treasury Yield Change 2 YR Treasury 3.557 +0.004 5 YR Treasury 3.630 -0.001 7 YR Treasury 3.817 +0.002 10 YR Treasury 4.071 +0.005 30 YR Treasury 4.693 +0.011 Pricing as of: 9/15 5:26AM 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 Jobs; Whole Loan Trading, Servicing, Digital, Jumbo, Automation Products; Conforming Conventional Updates Fri, Sep 24, 2021 10:37AM First off, my apologies to Ernest Hemingway whose name I mistakenly wrote as “Earnest.” Thank you to those who pointed that out. Second… Okay… I see my share of clever and funny videos. But this one is a “must watch,” superb and short, about adults returning to the office. Know any truck drivers? Do they want to work in ... (read more) Latest Video The 2pm Bond Report - September 24, 2021 Average rate on 30-year fixed mortgage rises The 9am Bond Report - September 24, 2021 If things get worse, Fed will taper faster: Wharton's Siegel Around the Web Reuters Europe shares fall, Wall St pauses as Evergrande fears hover; U.S. yields rise Reuters Two Fed policymakers say bar for taper met, nod to next debates National Associattion of Realtors Less Intense Multi-bidding and Fewer First-time Buyers in August 2021 Calculated Risk Blog Comments on August New Home Sales Calculated Risk Blog September Vehicle Sales Forecast: "Disappearing Inventory Taking U.S. Light-Vehicle Sales to Another Low in September" Reuters Evergrande investors in limbo after payment deadline passes CNBC 'I was expecting something more quiet,' Lagarde admits on her ECB top job 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

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