While the national delinquency rate has not returned to the 3.5 percent rate it had reached before the onset of the pandemic, CoreLogic says the percentage of loans 30 or more days past due has declined 2.6 points since May 2020. The company says the rate in May 2021 was 4.7 percent compared to 7.3 percent in May of last year. Frank Martell, president and CEO of Corelogic says, "The pandemic has created many challenges but, in the case of delinquencies, the impacts have been relatively muted thanks to numerous government support programs and the sharp snapback in economic activity over the past several quarters. Looking forward, we expect a robust economy and near-zero interest rates to hold delinquency levels at reasonable levels." Early stage delinquencies, those homeowners 30 to 59 days

August 10, 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 Aug 10, 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 5.5 101.05 -0.14 GNMA 6.0 102.01 -0.17 Pricing as of: 9/9 5:47PM EST US Treasury Yield Change 2 YR Treasury 3.555 +0.068 5 YR Treasury 3.614 +0.052 7 YR Treasury 3.813 +0.045 10 YR Treasury 4.085 +0.045 30 YR Treasury 4.728 +0.038 Pricing as of: 9/9 5:47PM EST Other News CoreLogic: No Foreclosure Wave in Sight Tue, Aug 10, 2021 10:51AM While the national delinquency rate has not returned to the 3.5 percent rate it had reached before the onset of the pandemic, CoreLogic says the percentage of loans 30 or more days past due has declined 2.6 points since May 2020. The company says the rate in May 2021 was 4.7 percent compared to 7.3 percent in May of last year. Frank Martell, president and CE... (read more) Only 28% Think It's a Good Time to Buy Mon, Aug 9, 2021 2:50PM Consumer sentiment about buying a house fell even further into negative territory in July. Fannie Mae said that only 28 percent of respondents to its monthly National Housing Survey thought it was a good time to buy while two thirds said it was not, continuing a deflation of buyer enthusiasm that began in early spring. The net positive responses fell 6 point... (read more) DTC Opportunity; Cap. Mkts., AE, MLO Jobs; Efficiency, Automation, Docs Products; Upcoming Training and Events Tue, Aug 10, 2021 10:47AM It was one week ago that the “benchmark” 10-year yield hit 1.17 percent. Now we’re back up to 1.32, the same yield that we saw for much of early and mid-July. End of the world? Of course not. Something to be aware of? Yes. Something else to be aware of is the latest report on climate change . Whether you believe in manmade climate change or... (read more) Latest Video The 9am Bond Report - August 10, 2021 The 2pm Bond Report - August 10, 2021 Has the infrastructure bill already been priced into the market? Infrastructure bill has enough votes to pass Senate Around the Web Reuters Dow, S&P 500 scale new peaks as $1 trln infrastructure bill passes CFPB CFPB Report: Mortgage Servicers' Pandemic Response Varies Significantly Reuters $1 trln infrastructure bill wins enough votes to pass U.S. Senate Calculated Risk Blog Atlanta Real Estate in July: Sales Down 6% YoY, Inventory Down 44% YoY Zillow Forbearance Exits Will Likely Add to Inventory Starting in August Reuters U.S. Treasury yields extend rising run on Fed taper talk CNBC Treasury yields are little changed ahead of inflation data Reuters Fed officials say tapering is near, advancing discussion on rate hike Calculated Risk Blog Fannie and Freddie: REO inventory declined in Q2, Down 49% Year-over-year Calculated Risk Blog Housing Inventory August 9th Update: Inventory Increased Slightly Week-over-week, Up 34% from Low in early April Calculated Risk Blog BLS: Job Openings Increase to Series High 10.1 Million in June Calculated Risk Blog Seven High Frequency Indicators for the Economy Reuters U.S. Senate approaches finish line on $1 trln infrastructure bill

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