Refinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however, continued to dominate the conventional market at 54 percent of those loans. The share among FHA loans was 22 percent and refis accounted for 32 percent of VA loans. The time to close a loan improved slightly from June to July. It took an average of 48 days on average, one day less than in June. The time to close a refinance dipped from 48 to 47 days and purchase loans took 48 days compared to 51 the previous month. The average note rate during the month was 3.25 percent, 3 basis points higher than in June. Over the 12 months ended in July the

September 17, 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 Sep 17, 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 -0.05 UMBS 5.5 101.25 -0.03 UMBS 6.0 102.49 -0.05 GNMA 5.0 100.04 -0.03 GNMA 5.5 101.20 +0.01 GNMA 6.0 102.14 -0.04 Pricing as of: 9/9 2:15AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.573 +0.011 7 YR Treasury 3.777 +0.009 10 YR Treasury 4.050 +0.011 30 YR Treasury 4.697 +0.006 Pricing as of: 9/9 2:15AM EST Other News Refis and Purchasing Split Originations in July Thu, Sep 16, 2021 11:02AM Refinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however, continued to dominate the conventional market at 54 percent of those loans. The share among FHA loans was 22... (read more) Foreclosure Rate Lowest in Over Two Decades Wed, Sep 15, 2021 10:51AM Today there are 400,000 homeowners in their final month of forbearance and another 1.2 million still in the program as it winds down, thus, it is probably way too early to conclude that the nation has a ducked a pandemic foreclosure bullet, However, the CoreLogic report on June's loan performance suggests we might just pull it off. The company says the U.S. ... (read more) MLO, Dir. of Sales, Controller Jobs; HELOC, DPA, Blockchain, CRM, Sales Tools; FHA and VA News; PSPA Thoughts Fri, Sep 17, 2021 11:19AM Some things stick with you , some don’t. Many of the topics covered here in Atlanta’s NAMMBA Connect 2021 will stick with folks since they mirror what various companies have their eye on. Social media best practices, modern appraisal technology and new valuation models, leveraging technology, data intelligence, and other tools to change lending i... (read more) Latest Video Why mortgage rates are rising The 2pm Bond Report - September 17, 2021 Diana Olick breaks down artificial intelligence's presence in real estate Consumer sentiment index comes in slightly lower than forecasts Around the Web Calculated Risk Blog Lawler: Early Read on Existing Home Sales in August Calculated Risk Blog 5 More Local Housing Markets in August Fannie Mae Inflation Slows as the Travel Industry Falters, but Higher Wages and Shelter Costs Likely to Keep Readings Elevated CNBC Fed officials owned securities it was buying during pandemic, raising more questions about conflicts Calculated Risk Blog Q3 GDP Forecasts: Around 4.5% CNBC Student debt can make buying a home feel impossible. Here are your options National Associattion of Realtors NAR Applauds Administration Suspending Portions of the 2021Preferred Stock Purchase Agreements CNBC 10-year Treasury yield rises slightly following mixed economic data Reuters November? December? Fed's 'taper' timeline tied to volatile jobs data Redfin Home Sales Fell 6% in August, the First Annual Decline in 15 Months Calculated Risk Blog Household Formation Drives Housing Demand National Associattion of Realtors NAR Report Finds Four Out of Five Real Estate Firms Operated From a Single Office in 2020 CNBC Powell orders ethics review after Fed presidents disclosed multimillion-dollar investments

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