In its latest Mortgage Monitor, Black Knight analyzes the impact the elimination of the 50 basis point adverse market fee from the cost of Fannie Mae and Freddie Mac (the GSEs) refinances. The Federal Housing Finance Agency (FHFA) removed the fee, originally scheduled to go into effect on September 1, 2020 to cover some of the anticipated costs from pandemic relief measures, in mid-July. While the implementation was later delayed until December 1, the company says the September announcement began to immediately trigger increases in rate offers. From November 2020 through May 2021 refinance rate offers were nearly a full 1/8 th of a point higher on average than those for similar purchase loans. However, within a week of the FHFA's July 16 announcement that the fee was disappearing, the delta

August 3, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman MLO Jobs; Hedging, Sales, Education, Automation, Processing Tools; FHA and VA News As the industry digests Fannie Mae’s earnings announcement this morning with its $7.2 billion of net earnings in the second quarter of 2021, did you know that 79 percent of residential mortgage loans closed with the company that first took the ... (read more) Housing News Refinancing Numbers Responded Quickly to Adverse Fee Removal In its latest Mortgage Monitor, Black Knight analyzes the impact the elimination of the 50 basis point adverse market fee from the cost of Fannie Mae and Freddie Mac (the GSEs) refinances. The Federal Housing Finance Agency (FHFA) removed the fee, or... (read more) Housing News Housing is the Only Game in Town For Construction Spending June was yet another month when the only bright spot in the U.S. Census Bureau's construction spending report was provided by the residential sector. Literally the ONLY bright spot. Total spending during the month on all construction was at a seasona... (read more) Mortgage Rates Mortgage Rates Drift Down to New 6-Month Lows 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries MBS Live Day Ahead: Covid Stats Continue Making Bullish Case For Bonds UMBS 30YR 5.5 99.72 +0.08 Price / Yield Change MBS UMBS 5.5 99.73 +0.09 UMBS 6.0 101.53 +0.09 GNMA 5.5 99.93 +0.08 GNMA 6.0 101.42 +0.08 Pricing as of: 7/6 10:19PM EST 10 Year US Treasury 4.3339 -0.0128 Price / Yield Change US Treasury 2 YR Treasury 3.855 -0.028 5 YR Treasury 3.911 -0.025 7 YR Treasury 4.103 -0.022 10 YR Treasury 4.331 -0.015 30 YR Treasury 4.866 +0.003 Pricing as of: 7/6 10:19PM EST Latest Video The 2pm Bond Report - August 3, 2021 What we're seeing today is overcapacity in the system, says LoanDepot CEO Markets move higher despite growing concerns over delta variant The 9am Bond Report - August 3, 2021 Around the Web Reuters 'Tug of war' as investors digest mixed market messages Fannie Mae Fannie Mae Second Quarter 2021 Earnings Media Call Remarks CNBC Household debt jumps by the most in 14 years to nearly $15 trillion in the second quarter Calculated Risk Blog NY Fed Q2 Report: Total Household Debt Increased in Q2 2021 CNBC NYC's de Blasio mandates vaccines for all indoor activities Calculated Risk Blog CoreLogic: House Prices up 17.2% Year-over-year in June CNBC Treasury yields climb, 10-year rate rises to 1.19% CNBC Here's what comes next for the $1 trillion bipartisan infrastructure bill Calculated Risk Blog Black Knight Mortgage Monitor for June; Large Number of Forbearance Plans Expire in Sept and Oct Calculated Risk Blog Housing Inventory August 2nd Update: Inventory Increased Slightly Week-over-week, Up 33% from Low in early April Calculated Risk Blog Construction Spending increased 0.1% in June Federal Reserve Brainard, Assessing Progress as the Economy Moves fromReopening to Recovery Reuters U.S. Senate works to push $1 trillion bipartisan infrastructure bill to passage

© 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.