Refinancing again dominated mortgage originations in August after falling below a 50 percent market share in both June and July. ICE Mortgage Technology's Origination Insight Report put the refinancing share of closed transactions at 52 percent, up from 49 percent in July and 48 percent in June. Purchase loans dipped three percentage points from July to 47 percent of closed loans. The distribution of loans by product type was essentially unchanged from the prior month. Eighty percent of originations were conventional loans, up 1 point, while the FHA and VA shares were unchanged at 12 percent and 5 percent, respectively. The average 30-year note rate was 3.17 percent, down from 3.25 percent in July. The time to close all loans declined by 2 days to 46 days, pulled lower but a reduction in the

October 14, 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 Oct 14, 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 99.79 +0.20   95.05 100.47 UMBS 30YR 5.5 101.21 +0.17   97.47 101.61 10 YR Treasury 4.050 -0.031   3.706 4.780 MBS Price Change UMBS 4.5 97.80 +0.18 UMBS 5.0 99.79 +0.20 UMBS 5.5 101.21 +0.17 GNMA 4.5 98.17 +0.15 GNMA 5.0 100.06 +0.24 GNMA 5.5 101.06 +0.18 Pricing as of: 9/18 8:28AM EST US Treasury Yield Change 2 YR Treasury 3.523 -0.041 5 YR Treasury 3.615 -0.041 7 YR Treasury 3.801 -0.038 10 YR Treasury 4.050 -0.031 30 YR Treasury 4.657 -0.030 Pricing as of: 9/18 8:28AM EST Other News Refinance Share of Originations Back Above 50% Thu, Oct 14, 2021 10:47AM Refinancing again dominated mortgage originations in August after falling below a 50 percent market share in both June and July. ICE Mortgage Technology's Origination Insight Report put the refinancing share of closed transactions at 52 percent, up from 49 percent in July and 48 percent in June. Purchase loans dipped three percentage points from July to 47 p... (read more) Mortgage Application Volume Barely Budges Wed, Oct 13, 2021 10:31AM The volume of mortgage applications ticked up last week for the first time in three weeks, but an uptick was the extent of it. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 0.2 percent on a seasonally adjusted basis from one week earlier and was 0.4 percent higher on an unadjusted basis. Over the ... (read more) AE Jobs; Loan, U/W, Compliance, Business Intelligence Products; Condo and Co-op Agency News; Good Jobs Data Thu, Oct 14, 2021 11:00AM Labor strikes are back in the news, but this time of year is *** cancer awareness month . Did you know that 1 in 8 women get *** cancer, and it can attack men as well? What could be more important than a life? They aren’t pleasant, but having mammography can save one. In a lighter vein, besides Freedom Mortgage’s Pitbull concert at the National M... (read more) Latest Video Foreclosures surge this month, still below pre-pandemic levels The 2pm Bond Report - October 14, 2021 The 9am Bond Report - October 14, 2021 Jobless claims fall below 300,000, lowest since Covid-19 pandemic began Around the Web CNBC Foreclosures are surging now that Covid mortgage bailouts are ending, but they're still at low levels Calculated Risk Blog House Prices to National Average Wage Index CNBC Borrowers have a year to get a second shot at public service loan forgiveness Calculated Risk Blog Hotels: Occupancy Rate Down 9.6% Compared to Same Week in 2019 CNBC U.S. jobless claims total 293,000 vs. 318,000 estimate Redfin Housing Market Update: One-Third of Homes Find Buyers Within a Week CNBC Treasury yields mixed as investors digest Fed taper plans CNBC Foreclosures are surging now that Covid mortgage bailouts are ending, but they're still at low levels The Basis Point What To Do When 1 in 8 Home Purchases Have A Low Appraisal CNBC Fed says it could begin 'gradual tapering process' by mid-November Calculated Risk Blog Cleveland Fed: Median CPI and Trimmed-mean CPI both increased 0.5% in September Calculated Risk Blog Cost of Living Adjustment increases 5.9% in 2022, Contribution Base increased to $147,000 CNBC 10-year Treasury yield turns flat after inflation data

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