The Mortgage Bankers Association's (MBA) said its Market Composite Index, a measure of mortgage loan application volume, rose 2.8 percent on a seasonally adjusted basis during the week ended August 8 . It was up 3 percent on an unadjusted basis. The volume of both refinance and purchase mortgage applications gained ground from the prior week. The Refinance Index increased 3 percent although it was 8 percent lower than the same week in 2020. The refinance share of mortgage activity increased to 68.0 percent of total applications from 67.6 percent the previous week. The Purchase Index was 2 percent higher on a seasonally adjusted basis and up 1 percent before adjustment. The unadjusted index, however, was 18 percent lower than the same week a year earlier, a number that has not changed in four

August 11, 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 11, 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 5.5 101.14 -0.14   97.47 101.61 UMBS 30YR 6.0 102.41 -0.13   99.66 102.50 10 YR Treasury 4.073 +0.034   3.621 4.780 MBS Price Change UMBS 5.0 99.56 -0.22 UMBS 5.5 101.14 -0.14 UMBS 6.0 102.41 -0.13 GNMA 5.0 99.84 -0.23 GNMA 5.5 101.10 -0.09 GNMA 6.0 102.05 -0.13 Pricing as of: 9/9 4:26PM EST US Treasury Yield Change 2 YR Treasury 3.544 +0.057 5 YR Treasury 3.602 +0.040 7 YR Treasury 3.801 +0.033 10 YR Treasury 4.073 +0.034 30 YR Treasury 4.720 +0.030 Pricing as of: 9/9 4:26PM EST Other News Refinance Applications Bounce back to Winter Levels Wed, Aug 11, 2021 10:40AM The Mortgage Bankers Association's (MBA) said its Market Composite Index, a measure of mortgage loan application volume, rose 2.8 percent on a seasonally adjusted basis during the week ended August 8 . It was up 3 percent on an unadjusted basis. The volume of both refinance and purchase mortgage applications gained ground from the prior week. The Refinance I... (read more) Closing Times Improve But Pull-Through Falls -Origination Insight Report Tue, Aug 10, 2021 3:32PM Purchase loans finally regained the catbird seat in June, edging out the share of refinance loans by 3 percentage points . ICE Mortgage Technology reports that 51 percent of all mortgages originated during the month were for home purchases. This is the first time since December 2019 that purchases eclipsed refinances in the ICE Origination Insight Report. Re... (read more) Business Wanted, MLO Jobs; U/W, Appraisal, Non-QM, Jumbo Products; Tech Survey; Investor's GSE Changes Wed, Aug 11, 2021 11:29AM Lenders always have a lot going on. Like “significant competitive pressure and volatility in the capital markets,” as evidenced by Home Point’s $73 million loss for 2Q 2021, announced yesterday. Remaining compliant can be a chore as well. The current STRATMOR blog is, “Ignorance of the Law is No Excuse.” Have you visited the &ld... (read more) Latest Video 'Inflation backdrop is improving,' but there are still valid worries Dallas Fed's Kaplan: We have a supply, not a demand issue in labor It's too early to say if inflation has peaked, says former Fed governor The 9am Bond Report - August 11, 2021 Around the Web CNBC This map shows how much rental assistance states have distributed CNBC Fed should announce bond taper in September, begin it in October, says Dallas Fed President Kaplan Calculated Risk Blog Charlotte Region Real Estate in July: Sales Down 10% YoY, Inventory Down 42% YoY Calculated Risk Blog Colorado Real Estate in July: Sales Down 13% YoY, Inventory Down 49% YoY CNBC Consumer prices rise 5.4% in July, about as expected CNBC Weekly mortgage demand hints at return of the first-time homebuyer CNBC Treasury yields climb ahead of CPI inflation data Reuters Fed's George says it's time to 'dial back the settings' on monetary policy 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

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