Refinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however, continued to dominate the conventional market at 54 percent of those loans. The share among FHA loans was 22 percent and refis accounted for 32 percent of VA loans. The time to close a loan improved slightly from June to July. It took an average of 48 days on average, one day less than in June. The time to close a refinance dipped from 48 to 47 days and purchase loans took 48 days compared to 51 the previous month. The average note rate during the month was 3.25 percent, 3 basis points higher than in June. Over the 12 months ended in July the

September 17, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman MLO, Dir. of Sales, Controller Jobs; HELOC, DPA, Blockchain, CRM, Sales Tools; FHA and VA News; PSPA Thoughts Some things stick with you , some don’t. Many of the topics covered here in Atlanta’s NAMMBA Connect 2021 will stick with folks since they mirror what various companies have their eye on. Social media best practices, modern appraisal tech... (read more) Housing News Refis and Purchasing Split Originations in July Refinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however... (read more) Housing News Foreclosure Rate Lowest in Over Two Decades Today there are 400,000 homeowners in their final month of forbearance and another 1.2 million still in the program as it winds down, thus, it is probably way too early to conclude that the nation has a ducked a pandemic foreclosure bullet, However, ... (read more) Mortgage Rates Mortgage Rates Start Stronger But Moved Higher During The Day 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 Recap: Traders Move to Sidelines Ahead of Fed Announcement UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 5:06PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 5:06PM EST Latest Video Why mortgage rates are rising The 2pm Bond Report - September 17, 2021 Diana Olick breaks down artificial intelligence's presence in real estate Consumer sentiment index comes in slightly lower than forecasts Around the Web Calculated Risk Blog Lawler: Early Read on Existing Home Sales in August Calculated Risk Blog 5 More Local Housing Markets in August Fannie Mae Inflation Slows as the Travel Industry Falters, but Higher Wages and Shelter Costs Likely to Keep Readings Elevated CNBC Fed officials owned securities it was buying during pandemic, raising more questions about conflicts Calculated Risk Blog Q3 GDP Forecasts: Around 4.5% CNBC Student debt can make buying a home feel impossible. Here are your options National Associattion of Realtors NAR Applauds Administration Suspending Portions of the 2021Preferred Stock Purchase Agreements CNBC 10-year Treasury yield rises slightly following mixed economic data Reuters November? December? Fed's 'taper' timeline tied to volatile jobs data Redfin Home Sales Fell 6% in August, the First Annual Decline in 15 Months Calculated Risk Blog Household Formation Drives Housing Demand National Associattion of Realtors NAR Report Finds Four Out of Five Real Estate Firms Operated From a Single Office in 2020 CNBC Powell orders ethics review after Fed presidents disclosed multimillion-dollar investments

© 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.