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: 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 6, 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 99.76 +0.17   95.05 100.47 UMBS 30YR 5.5 101.18 +0.15   97.47 101.61 10 YR Treasury 4.056 -0.025   3.706 4.780 MBS Price Change UMBS 4.5 97.77 +0.15 UMBS 5.0 99.76 +0.17 UMBS 5.5 101.18 +0.15 GNMA 4.5 98.15 +0.13 GNMA 5.0 100.04 +0.22 GNMA 5.5 101.04 +0.16 Pricing as of: 9/18 6:03AM EST US Treasury Yield Change 2 YR Treasury 3.528 -0.036 5 YR Treasury 3.620 -0.036 7 YR Treasury 3.805 -0.034 10 YR Treasury 4.052 -0.029 30 YR Treasury 4.651 -0.037 Pricing as of: 9/18 6:03AM EST Other News Mortgage Application Volume at Three-Month Low Wed, Oct 6, 2021 11:00AM 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 J... (read more) Equity and Rates Versus The Biggest Forbearance Expiration Wave Yet Tue, Oct 5, 2021 4:51PM 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 agree that servicers will need to work with borrowers to ease the exit from forbearance and prevent a wave of fo... (read more) MLO Jobs; Business Opportunity; Reno, Pricing, Sales, Customer Service, Processing Tools; Primer on Conforming Loan Amounts Wed, Oct 6, 2021 10:57AM 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 total of $600 in combined debits and credits? What is happening in Washington may be one of the topics covered... (read more) 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

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.