Mortgage applications fell sharply last week, affecting both refinance and purchase components of the Mortgage Banker Association's (MBA's) Market Composite Index. The index, a measure of mortgage loan application volume, was down 6.9 percent on a seasonally adjusted basis during the week ended June 25, and was 7 percent lower before adjustment, bringing it to the lowest level in almost a year and a half. The Refinance Index decreased 8 percent from the previous week and was 15 percent lower than the same week one year ago. The refinance share of mortgage activity declined to 61.9 percent of total applications from 62.5 percent the previous week. The seasonally adjusted Purchase Index decreased 5 percent and the unadjusted version was down 6 percent compared with the previous week and was 17

July 1, 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 Jul 1, 2021 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 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 5.5 101.04 -0.14 GNMA 6.0 102.01 -0.17 Pricing as of: 9/9 5:50PM EST US Treasury Yield Change 2 YR Treasury 3.558 +0.071 5 YR Treasury 3.615 +0.054 7 YR Treasury 3.815 +0.047 10 YR Treasury 4.087 +0.047 30 YR Treasury 4.731 +0.041 Pricing as of: 9/9 5:50PM EST Other News Mortgage Application Volume Nears 18-Month Low Wed, Jun 30, 2021 9:34AM Mortgage applications fell sharply last week, affecting both refinance and purchase components of the Mortgage Banker Association's (MBA's) Market Composite Index. The index, a measure of mortgage loan application volume, was down 6.9 percent on a seasonally adjusted basis during the week ended June 25, and was 7 percent lower before adjustment, bringing it ... (read more) CFPB Updates Servicing Rules to Ease Transition from Forbearance Tue, Jun 29, 2021 1:17PM The government stakeholders involved in the various pandemic related forbearance programs appear to be directing their full attention to their upcoming expirations. Ginnie Mae earlier announced a new class of mortgage-based securities (MBS) to absorb loans that have been modified to return them to performing status. Now the Consumer Financial Protection Bure... (read more) MLO Jobs; Broker Wanted; Trading Execution, Cost Cutting, Non-QM, AMC Products; Investor Processing Tweaks Thu, Jul 1, 2021 11:00AM Halfway done with 2021?! Yes, time is flying, and summer is here. The weather service just published instructions on how to bake a lasagna in your mailbox. Speaking of time passing, here's an attention grabber: “Over a Quarter of Seniors Say Retirement Is Worse Than They Expected.” The body of the article, which I found doing some other research ... (read more) Latest Video Sherwood Lumber's Kyle Little on lumber outlook CBO: Deficit forecast to average $1.2 trillion a year through 2031 House passes transportation and water infrastructure bill ISM manufacturing index comes in at 60.6 versus 61 estimate Around the Web Calculated Risk Blog Goldman June Payrolls Preview Reuters S&P 500 kicks off quarter with sixth straight record close in sight CFPB CFPB Consumer Complaint Bulletin Highlights Consumers' Difficulties During Pandemic CFPB As Federal Eviction Protections Come to an End, CFPB Warns Landlords and Consumer Reporting Agencies to Report Rental Informatio... CNBC Epic housing shortage may finally be starting to lift, as surprising number of new listings hit market in June Calculated Risk Blog ISM Manufacturing index Decreased to 60.6% in June NY Fed New York Fed purchases $3.201 billion in Treasurycoupons CNBC U.S weekly jobless claims total 364,000, vs 390,000 estimate Calculated Risk Blog Fannie Mae: Mortgage Serious Delinquency Rate Decreased in May CNBC Treasury yields climb ahead of weekly jobless claims data Reuters S&P 500 closes at record high as Wall St notches fifth straight quarterly gain Calculated Risk Blog Las Vegas Visitor Authority for May: No Convention Attendance, Visitor Traffic Down 22% Compared to 2019 Calculated Risk Blog Update: Framing Lumber Prices Down Sharply from Recent Peak, Up Solidly Year-over-year

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