Mortgage applications declined by the largest margin in three months during the week ended October 1. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 6.9 percent on a seasonally adjusted basis from one week earlier. It was the biggest decline since an identical loss during the week ended June 25. On an unadjusted basis, the Index was down 7 percent compared with the previous week. The Refinance Index accounted for the loss, dropping 10 percent compared to the previous week and was 16 percent lower than the same week one year ago. The refinance share of mortgage activity decreased to 64.5 percent of total applications from 66.4 percent the previous week. Purchasing was also down, but to a much lower extent . Both the seasonally

October 6, 2021 Download our Mobile App: Download our Mobile App: Housing News Mortgage Application Volume at Three-Month Low Mortgage applications declined by the largest margin in three months during the week ended October 1. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 6.9 percent on a seasonally ad... (read more) Rob Chrisman MLO Jobs; Business Opportunity; Reno, Pricing, Sales, Customer Service, Processing Tools; Primer on Conforming Loan Amounts This budget thing is out of control. In a blow to privacy, did you know that the proposal would require banks, credit unions, etc., to report to the IRS any account that has a minimum of, or transactions over, $600 or over the course of a year has a ... (read more) Housing News Equity and Rates Versus The Biggest Forbearance Expiration Wave Yet Both CoreLogic and Black Knight have looked at the million plus home loans that are still in forbearance as the majority of those borrowers are quickly approaching the end of their eligibility. While their analyses have taken different tacks, they ag... (read more) Mortgage Rates Mortgage Rates On The Rise Again 30 Yr. Fixed Rate 6.89% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.89% +0.02 0.00 15 Yr. Fixed 6.14% +0.02 0.00 30 Yr. FHA 6.38% 0.00 0.00 30 Yr. Jumbo 6.95% -0.03 0.00 7/6 SOFR ARM 6.24% -0.02 0.00 30 Yr. VA 6.40% 0.00 0.00 Updates Daily - Last Update: 6/5 15 Yr. Fixed Rate 6.14% +0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.85% -0.04 0.00 15 Yr. Fixed 5.99% -0.04 0.00 Updates Weekly - Last Update: 6/5 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.92% +0.06 0.69 15 Yr. Fixed 6.21% +0.09 0.72 30 Yr. Jumbo 6.94% +0.09 0.72 Updates Weekly - Last Update: 5/21 MBS / Treasuries MBS Live Recap: Bonds Vote To Hold The Range Despite Stronger Data UMBS 30YR 5.5 99.02 +0.03 Price / Yield Change MBS UMBS 5.5 99.03 +0.04 UMBS 6.0 101.04 +0.04 GNMA 5.5 99.31 +0.03 GNMA 6.0 101.01 +0.04 Pricing as of: 6/5 10:59PM EST 10 Year US Treasury 4.3877 -0.0068 Price / Yield Change US Treasury 2 YR Treasury 3.911 -0.009 5 YR Treasury 3.981 -0.018 7 YR Treasury 4.202 +0.075 10 YR Treasury 4.385 -0.010 30 YR Treasury 4.875 +0.002 Pricing as of: 6/5 10:59PM EST Latest Video JPMorgan's Kolanovic: Fear of higher yields is overdone The 9am Bond Report - October 6, 2021 Refinance applications fall to lowest level in three months as rates shoot ... 568,000 private jobs added in September vs. 425,000 estimate: ADP Around the Web Redfin Housing Market Update: Homebuyers' Average Monthly Mortgage Payment Rose $50 in the Last 6 Weeks Reuters U.S. Senate delays debt limit vote as Democrats mull McConnell offer Calculated Risk Blog 1st Look at Local Housing Markets in September; Denver, Las Vegas and San Diego Reuters Futures slide on inflation worries; ADP jobs beat sparks taper fears Federal Reserve Quarles, Goodbye to All That: The End of LIBOR CNBC Companies hired at a brisk pace in September despite fears about Covid and the economy, ADP says Reuters Fed chief has Biden's confidence, but no decision on renomination CNBC Congress faces 3 major economic deadlines before the year ends: Debt limit, infrastructure and government funding Reuters Treasury's Yellen: Fed chief pick 'up to the president' Reuters Treasury's Yellen: 'Up to the president' to decide on Fed chief appointment CNBC Fed's Evans sees inflation falling below central bank's 2% target after current rise subsides Calculated Risk Blog ISM Services Index Increased to 61.9% in September CNBC Even with low interest rates, mortgage payments are increasingly unaffordable

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