Mortgage application volume during the week ended July 9 featured the largest weekly increase since the first full week of 2021. The Mortgage Bankers Association (MBA)said its Market Composite Index, a measure of that volume, rose 16.0 percent on a seasonally adjusted basis. Like the week ended January 8, last week's number represented a bounce-back from a major national holiday, but declining interest rates probably also played a role. The increase before seasonal adjustment was 7.0 percent. The Refinance Index increased 20 percent from the previous week but was 29 percent lower than the same week one year ago. The refinance share of mortgage activity increased to 64.1 percent of total applications from 61.6 percent the previous week, the highest share for refinancing since Mar 5. The seasonally

July 16, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman Controller, AE, MLO Jobs; ECOA, Referral, Broker, Warehouse Products; Correspondent and Wholesale News I am sure that there are people who read this commentary who firmly believe that the earth’s climate is not changing, and believe that historical graphs of temperatures in places like Minneapolis are falsified. And there are those that believe ... (read more) Housing News Mortgage Application Volume Bounces Back, Refi Share up 20% Mortgage application volume during the week ended July 9 featured the largest weekly increase since the first full week of 2021. The Mortgage Bankers Association (MBA)said its Market Composite Index, a measure of that volume, rose 16.0 percent on a s... (read more) Housing News May's Purchase Share Hit 15-Month High The share of mortgages originated for home purchases hit its highest level since February of 2020 in May. ICE Mortgage Technology's Origination Insight Report for the month put the share at 47 percent, four points higher than in April. The convention... (read more) Mortgage Rates Mortgage Rates Lower Today, But Not Necessarily Lower This Week. 30 Yr. Fixed Rate 6.93% +0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.93% +0.04 0.00 15 Yr. Fixed 6.18% +0.04 0.00 30 Yr. FHA 6.44% +0.06 0.00 30 Yr. Jumbo 6.97% +0.02 0.00 7/6 SOFR ARM 6.37% +0.13 0.00 30 Yr. VA 6.45% +0.05 0.00 Updates Daily - Last Update: 6/6 15 Yr. Fixed Rate 6.18% +0.04% 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 Day Ahead: On Guard Against Another Defensive Friday UMBS 30YR 5.5 98.64 -0.34 Price / Yield Change MBS UMBS 5.5 98.61 -0.37 UMBS 6.0 100.77 -0.23 GNMA 5.5 98.98 -0.31 GNMA 6.0 100.85 -0.12 Pricing as of: 6/6 1:48PM EST 10 Year US Treasury 4.4907 +0.0962 Price / Yield Change US Treasury 2 YR Treasury 4.036 +0.115 5 YR Treasury 4.113 +0.115 7 YR Treasury 4.296 +0.105 10 YR Treasury 4.490 +0.096 30 YR Treasury 4.946 +0.074 Pricing as of: 6/6 1:48PM EST Latest Video The 2pm Bond Report - July 16, 2021 There is concern that 10-year yield shows slowing economy, says UBS's Art C... Mid-month consumer sentiment comes in at 80.8 in July The 9am Bond Report - July 16, 2021 Around the Web Reuters Yellen began Treasury job with flurry of calls and meetings, calendar shows CNBC Mortgage refinance fee dropped by regulator, lowering costs for borrowers Calculated Risk Blog Q2 GDP Forecasts: Forecasts Down to around 8% Calculated Risk Blog Retail Sales Increased 0.6% in June Redfin Housing Market Update: Pending Sales Dip, Price Drops Becoming More Common CNBC Treasury yields rise following Fed Chair Powell's testimony CNBC The mystifying bond market behavior could last all summer FHFA 50bp Adverse Market Fee For Refis Eliminated Fannie Mae Fannie Mae Lender Letter on Adverse Fee Removal CNBC 'Bond King' Gundlach says inflation environment today reminds him of the 1970s: 'Jimmy Carteresque' CNBC Fed Chair Powell faces grouchy senators even as the economy rebounds Calculated Risk Blog Sacramento Real Estate in June: Sales up 14% YoY, Active Inventory down 13% YoY Reuters Stocks, yields slip as investors await next catalyst

© 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.