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: 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 Apr 9, 2021 Mortgage Rates Lowest in Nearly a Month Thu, Apr 8, 2021 4:02PM 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 specifi... (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 Recap: Respectable Recovery After Morning Drama Fri, Apr 9, 2021 4:40PM 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 in rates is strongly considering taking the month off in April).  As the day progressed, yields inched b... (read more) MBS Price Change UMBS 5.0 99.45 -0.32 UMBS 5.5 101.06 -0.22 UMBS 6.0 102.38 -0.16 GNMA 5.0 99.76 -0.32 GNMA 5.5 101.03 -0.16 GNMA 6.0 102.01 -0.18 Pricing as of: 9/9 5:53PM EST US Treasury Yield Change 2 YR Treasury 3.557 +0.070 5 YR Treasury 3.615 +0.054 7 YR Treasury 3.814 +0.045 10 YR Treasury 4.085 +0.046 30 YR Treasury 4.731 +0.041 Pricing as of: 9/9 5:53PM EST Other News 2020 Property Tax Increases Outpaced Inflation Fri, Apr 9, 2021 10:47AM 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 $3,719, an effective tax rate of 1.1 percent. This average was up 4.4 percent from $3,561 in 2019 while the effe... (read more) Forbearance Decline Largest in Six Months Fri, Apr 9, 2021 10:45AM 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 all homeowners with mortgages. This is down by 228,000 from the previous Tuesday, a 9 percent drop in a single w... (read more) Jumbo Loans Easier to Obtain as Economy Recovers Thu, Apr 8, 2021 11:15AM 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's Mortgage Credit Availability Index (MCAI) up slightly in March. The Index rose 0.6 percent to 125.4 last mon... (read more) Sales Mgt., MLO Jobs; Non-QM, Processing, ECOA, Subservicing Tools; Administration and Housing Fri, Apr 9, 2021 10:41AM 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 QM loan information that maps out their policies. Any lender originating Agency loans should be aware of their ... (read more) 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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