Mortgage Rates had another decent day on Thursday with the average lender offering modestly better terms compared to yesterday. Improvements continue to arrive in fairly small doses, but they've been adding up . You'd have to go back nearly a month to March 12th to see anything definitively lower (although it's worth noting that today's rates are also roughly in line with those seen on March 25th). As far as specific levels, lenders remain widely stratified with purchases being quoted in a range of 3.00-3.125% and refinances in a range of 3.125-3.375 (conventional, 30yr fixed). Today's specific events and economic data releases did little to motivate the gains seen in rates, although a report showing higher-than-expected Initial Jobless Claims technically agrees with the move. There were also

April 9, 2021 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Lowest in Nearly a Month Mortgage Rates had another decent day on Thursday with the average lender offering modestly better terms compared to yesterday. Improvements continue to arrive in fairly small doses, but they've been adding up . You'd have to go back nearly a month t... (read more) Housing News 2020 Property Tax Increases Outpaced Inflation American home owners received bills for $323 billion in property taxes last year, a 5.4 percent increase from $306.4 billion in 2019. ATTOM Data Solutions says that the average bill for each of the 87 million single-family homes in the country was $3... (read more) Rob Chrisman Sales Mgt., MLO Jobs; Non-QM, Processing, ECOA, Subservicing Tools; Administration and Housing What’s new out there? Queen Elizabeth’s husband Prince Phillip has passed away this morning at age 99. Wealthy people in New York seem to be fleeing to live in other states with a lower tax rate. Both Freddie Mac and Fannie Mae released Q... (read more) Housing News Forbearance Decline Largest in Six Months Black Knight reports that the number of loans in forbearance programs declined last week for the sixth straight time and it was the largest drop in six months . As of April 6, the number of loans in active plans was 2.312 million or 4.4 percent of al... (read more) Housing News Jumbo Loans Easier to Obtain as Economy Recovers Non-government lenders continue to return to mortgage lending after fleeing at the start of the pandemic. The Mortgage Bankers Association (MBA) says this has helped increase the supply of jumbo mortgages for six straight months and helped drive MBA'... (read more) MBS Commentary MBS Live Recap: Respectable Recovery After Morning Drama Respectable Recovery After Morning Drama "Drama" may be a bit of an overstatement, but bonds were weak enough this morning to cause some concern about the week's prevailing message (i.e. that the 2021 uptrend... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.02 0.00 15 Yr. Fixed 6.02% +0.03 0.00 30 Yr. FHA 6.34% +0.05 0.00 30 Yr. Jumbo 6.90% +0.01 0.00 7/6 SOFR ARM 6.45% +0.10 0.00 30 Yr. VA 6.35% +0.05 0.00 Updates Daily - Last Update: 7/8 15 Yr. Fixed Rate 6.02% +0.03% 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 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.50 +0.05 Price / Yield Change MBS UMBS 5.5 99.54 +0.08 UMBS 6.0 101.31 -0.02 GNMA 5.5 99.70 +0.08 GNMA 6.0 101.33 +0.07 Pricing as of: 7/9 10:45AM EST 10 Year US Treasury 4.3973 -0.0089 Price / Yield Change US Treasury 2 YR Treasury 3.876 -0.019 5 YR Treasury 3.956 -0.015 7 YR Treasury 4.155 -0.019 10 YR Treasury 4.385 -0.021 30 YR Treasury 4.917 -0.011 Pricing as of: 7/9 10:45AM EST Latest Video Total borrowers in bailout plans declines for sixth week in a row The 2pm Bond Report - April 9, 2021 February wholesale inventories jumps 0.6%, beating expectations U.S. producer price index rose 1.0% in March, vs 0.5% increase expected Around the Web CNBC Lagarde sees strong rebound for EU economy in second half, expects U.S. to meet inflation goal soon Calculated Risk Blog North Texas Real Estate in March: Sales Up 7% YoY, Inventory Down 65% YoY Calculated Risk Blog Q1 GDP Forecasts: Around 7% National Associattion of Realtors Housing Affordability Falls in February as Home Price Growth Surges Calculated Risk Blog Is there a New Housing Bubble? Redfin Housing Market Update: Homes Sell at Fastest Pace on Record CNBC U.S. producer price index rose 1.0% in March, vs 0.5% increase expected CNBC Treasury yields climb ahead of producer prices data Freddie Mac Freddie Eligibility Updates (PSPA and QRM Rule) Fannie Mae Fannie Guideline Changes Due to PSPA and QRM Rule Reuters West Virginia's Manchin, flexing political muscle, leaves U.S. Senate Democrats in lurch CNBC Watch Fed Chair Jerome Powell debate the global economy with the IMF live Reuters Yellen tells world's big economies: spend big, danger lurks

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