Mortgage application volume decreased for the second consecutive week as the growing pool of purchase mortgage applications just missed covering the gap from declining refinance activity. The Mortgage Bankers Association said its Market Composite Index, a measure of application activity, dipped 0.1 percent on a seasonally adjusted basis during the week ended April 28, and declined 1.0 percent unadjusted. Refinancing did not maintain last week's flurry of activity. The Refinance Index lost 5 percent when compared to the week ended April 21 and refinancing applications fell back to a 41.6 percent share from 44 percent the previous week. The seasonally adjusted Purchase Index increased 4 percent from a week earlier and grew by 5 percent unadjusted. It was also 5 percent higher than during the

May 3, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for May 3, 2017 Fed Statement Erases Morning Mortgage Rate Gains Wed, May 3, 2017 4:38PM Mortgage rates ended the day relatively close to ' unchanged ,' depending on the lender. That's somewhat surprising considering the presence of several big-ticket events on today's calendar of potential market movers. Chief among these was the most recent installment of the Fed's policy announcement. While the Fed wasn't necessarily expected to make any policy changes, investors were still scanning for clues about the next Fed statement. In general, the announcement amounted to an optimistic deliver of several pessimistic developments. Some investors were hoping the Fed would pull fewer punche... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.06 -0.22   97.47 101.61 UMBS 30YR 6.0 102.36 -0.18   99.66 102.50 10 YR Treasury 4.082 +0.043   3.621 4.780 MBS Live Day Ahead: Ready For Anything Ahead of Fed Announcement Wed, May 3, 2017 8:57AM Bond markets are beginning the day in slightly weaker territory after as-expected ADP Employment data and the Treasury Department commented on the possibility of bond maturities over 30 years.  All of this morning's market movement is just a s... (read more) MBS Live Recap: Bonds Hold Range With or Without Today's Events Tue, May 2, 2017 4:17PM The trading week has been relatively inconsequential so far.  That's the best explanation for today's bond market gains.  Sure, there are a few anecdotes to point to in terms of cause and effect (like a big sell-off in oil, or the afternoon's auto sales numbers), but apart from having debatable significance, these factors surely aren't worth much... (read more) MBS Live Commentary: Differences Between Current and Previous FOMC Statements Wed, May 3, 2017 2:02PM (Additions underlined, deletions struck through) Information received since the Federal Open Market Committee met in February March indicates that the labor market has continued to strengthen and that even as growth in economic activity has continued to expand at a moderate pace. slowed. Job gains remained solid were solid, on average, in recent... (read more) MBS Price Change UMBS 5.0 99.45 -0.32 UMBS 5.5 101.06 -0.22 UMBS 6.0 102.37 -0.17 GNMA 5.0 99.73 -0.34 GNMA 5.5 101.05 -0.14 GNMA 6.0 102.01 -0.17 Pricing as of: 9/9 5:47PM EST US Treasury Yield Change 2 YR Treasury 3.555 +0.068 5 YR Treasury 3.614 +0.052 7 YR Treasury 3.813 +0.045 10 YR Treasury 4.085 +0.045 30 YR Treasury 4.728 +0.038 Pricing as of: 9/9 5:47PM EST Other News Purchase Mortgage Gain Fails to Fill Refi Gap Wed, May 3, 2017 9:03AM Mortgage application volume decreased for the second consecutive week as the growing pool of purchase mortgage applications just missed covering the gap from declining refinance activity. The Mortgage Bankers Association said its Market Composite Index, a measure of application activity, dipped 0.1 percent on a seasonally adjusted basis during the week ended... (read more) MBA Conference; Stonegate and Nationstar; Treasury Trading Changes Wed, May 3, 2017 9:28AM As the 1,400 or so registered participants in the MBA’s Secondary Marketing conference head home, bleary-eyed, the tag-line for the conference could have been, “Just Do It Easier, Better, Faster, Cheaper… the Order is Up to You.” Of course, the devil is in the details. My cat Myrtle hasn’t weighed in on the GSE reform efforts, ... (read more) Latest Video Closing Bell Exchange: Markets ready for rate hikes Fed leaves rates, balance sheet policy unchanged Fed: Economy will warrant gradual rate hikes Around the Web House of Representatives Bill to Fund Federal Government Approved Bloomberg Bernanke Says Fed to Unwind Balance Sheet Over 4-5 Years (Video) CNBC House has the votes for funding bill to avert shutdown Reuters Credit Suisse pays $400 million over toxic mortgages, failed U.S. credit unions Freddie Mac Freddie Mac Settles Second Seasoned Credit Risk Transfer Offering Market Watch The Fed: Fed holds interest rates steady, dismisses first quarter slump as transitory' Federal Reserve Federal Reserve issues FOMC statement Reuters U.S. House nearing passage of bill to fund government, avoid shutdown CNBC ISM non-manufacturing index hits 57.5 in April, vs. 55.8 estimate CNBC ISM non-manufacturing index hits 57.5 in April, vs. 55.8 estimate Market Watch U.S. Treasury says 'internal review' of ultralong bonds underway CNBC US bond yields rise as Treasury, Fed decisions come into focus Calculated Risk Blog ADP: Private Employment increased 177,000 in April

© 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.