Mortgage application activity slowed further during the week ended June 4, a short business week due to Monday's Memorial Day holiday. The impact of the holiday was magnified in annual comparisons because it occurred a week earlier in 2020. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 3.1 percent on a seasonally adjusted basis compared to the prior week and was down 13 percent on an unadjusted basis. The Refinance Index decreased 5 percent from the previous week and was 27 percent lower than the same week one year ago. Refinancing made up 60.4 percent of application activity during the week. The share the previous week was 61.3 percent. The seasonally adjusted Purchase Index ticked up 0.3 percent from one week earlier

June 11, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jun 11, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 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 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.048 +0.009   3.621 4.780 MBS Price Change UMBS 5.0 99.73 -0.04 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.05 -0.03 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.04 Pricing as of: 9/8 10:28PM EST US Treasury Yield Change 2 YR Treasury 3.495 +0.008 5 YR Treasury 3.570 +0.008 7 YR Treasury 3.775 +0.006 10 YR Treasury 4.048 +0.009 30 YR Treasury 4.703 +0.013 Pricing as of: 9/8 10:28PM EST Other News Mortgage Application Volume Declined on Holiday-Shortened Week Wed, Jun 9, 2021 8:20AM Mortgage application activity slowed further during the week ended June 4, a short business week due to Monday's Memorial Day holiday. The impact of the holiday was magnified in annual comparisons because it occurred a week earlier in 2020. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 3... (read more) Early State Delinquencies Drop Below Pre-COVID Levels Tue, Jun 8, 2021 11:49AM The nation's mortgage delinquency rate is inching closer to its pre-pandemic level as early stage delinquencies improve. CoreLogic says that in March of this year 4.9 percent of all mortgages were 30 days or more past due, including loans in foreclosure. This is the lowest rate since March 2021, the month the pandemic hit, and the rate was 3.6 percent. The c... (read more) Non-QM, MLO, AE Jobs Nationwide; VA, PMI, ECOA, Pricing; LO Compliance Products Fri, Jun 11, 2021 11:14AM Friday: time for some random non-mortgage stuff. Everyone knows that if you lose one sense, your other senses become enhanced. Which is why people with no sense of humor have a heightened sense of self-importance. Jeff Bezos… your divorce so bad you’re going to leave Earth ? That’s something! Every state (watch, whenever I use the term &ld... (read more) Latest Video The 2pm Bond Report - June 11, 2021 Inflation is going to be somewhat higher for the next year, says economist The 9am Bond Report - June 11, 2021 Homeowners get $2 trillion richer in red-hot housing market Around the Web Reuters Wall Street muted as eyes turn to next week's Fed meeting National Associattion of Realtors Renter Households Not Caught Up on Rent Need Rental Assistance Calculated Risk Blog Colorado Real Estate in May: Sales Up 58% YoY, Inventory Down 69% YoY Redfin Housing Market Update: Pending Sales Continue to SlowStill Up 29% from 2020 Calculated Risk Blog Q2 GDP Forecasts: Around 9.5% Calculated Risk Blog Charlotte Region Real Estate in May: Sales Up 26% YoY, Inventory Down 62% YoY Calculated Risk Blog Portland Real Estate in May: Sales Up 62% YoY, Inventory Down 49% YoY Reuters Easing inflation fears and dovish ECB push shares up, bond yields down CNBC 10-year Treasury yield falls below 1.45% as bond market shrugs off inflation concerns Reuters U.S. Treasury's Yellen says Congress needs to fund debt relief programs Reuters 'Worst' of inflation seen likely this summer, easing in fall: U.S. official Reuters Republicans see progress in bipartisan U.S. infrastructure talks Calculated Risk Blog Fed's Flow of Funds: Household Net Worth Increased $5.0 Trillion in Q1

© 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.