Mortgage application volume during the week ended July 9 featured the largest weekly increase since the first full week of 2021. The Mortgage Bankers Association (MBA)said its Market Composite Index, a measure of that volume, rose 16.0 percent on a seasonally adjusted basis. Like the week ended January 8, last week's number represented a bounce-back from a major national holiday, but declining interest rates probably also played a role. The increase before seasonal adjustment was 7.0 percent. The Refinance Index increased 20 percent from the previous week but was 29 percent lower than the same week one year ago. The refinance share of mortgage activity increased to 64.1 percent of total applications from 61.6 percent the previous week, the highest share for refinancing since Mar 5. The seasonally

July 14, 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 14, 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 5.5 101.15 -0.13   97.47 101.61 UMBS 30YR 6.0 102.46 -0.08   99.66 102.50 10 YR Treasury 4.081 +0.042   3.621 4.780 MBS Price Change UMBS 5.0 99.54 -0.23 UMBS 5.5 101.13 -0.15 UMBS 6.0 102.43 -0.11 GNMA 5.0 99.86 -0.21 GNMA 5.5 101.12 -0.06 GNMA 6.0 102.07 -0.11 Pricing as of: 9/9 12:13PM EST US Treasury Yield Change 2 YR Treasury 3.542 +0.054 5 YR Treasury 3.610 +0.048 7 YR Treasury 3.816 +0.047 10 YR Treasury 4.087 +0.047 30 YR Treasury 4.737 +0.046 Pricing as of: 9/9 12:13PM EST Other News Mortgage Application Volume Bounces Back, Refi Share up 20% Wed, Jul 14, 2021 8:44AM Mortgage application volume during the week ended July 9 featured the largest weekly increase since the first full week of 2021. The Mortgage Bankers Association (MBA)said its Market Composite Index, a measure of that volume, rose 16.0 percent on a seasonally adjusted basis. Like the week ended January 8, last week's number represented a bounce-back from a m... (read more) May's Purchase Share Hit 15-Month High Tue, Jul 13, 2021 11:48AM The share of mortgages originated for home purchases hit its highest level since February of 2020 in May. ICE Mortgage Technology's Origination Insight Report for the month put the share at 47 percent, four points higher than in April. The conventional share of originations dipped from 81 percent in April to 79 percent with FHA and VA loans each ticking up 1... (read more) Corresp., MLO Jobs; Jumbo, Non-QM, VOE, Warehouse Products; Freddie and Fannie Changes; More Inflation Numbers Wed, Jul 14, 2021 11:37AM Don’t think technology controls you? How about this news that Apple’s weather app will never show a temperature of 69 degrees ? Good mortgage loan originators use the technology available to them to best help their customers. Brokers use Mortgage Elements to look for wholesalers offering products. Meanwhile, many consumers are doing the same. Hav... (read more) Latest Video Fed Chair Jerome Powell: Rising home prices remain a concern Fed Chair Jerome Powell: Housing prices surging because of demand Lumber's turnaround may just be the beginning of a broader commodity downtu... Fed must pare back asset purchases, says Ironsides' Barry Knapp Around the Web Reuters Top U.S. banks smash profit estimates on rebounding economy CNBC Watch Fed Chair Powell speak live on policy and the economy before a House panel Reuters Stocks rebound, yields fall on Powell's dovish remarks CNBC Powell says the Fed is still a ways off from altering policy, expects inflation to moderate CNBC The ECB starts work on creating a digital version of the euro CNBC Treasury yields dip ahead of Fed Chair Powell testimony Redfin Demand For Vacation Homes Falls For the First Time in a Year Calculated Risk Blog Minnesota Real Estate in June: Sales Up 13% YoY, Inventory Down 41% YoY Calculated Risk Blog Colorado Real Estate in June: Sales Up 9% YoY, Inventory Down 59% YoY CNBC Fed's Mary Daly says tapering of bond purchases may start this year NY Fed New York Fed purchases $5.999 billion in Treasurycoupons Reuters U.S. Treasury's Yellen says carbon pricing can work, with caveats CNBC Consumer price index increases 5.4% in June vs. 5% estimate

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