The volume of mortgage applications ticked up last week for the first time in three weeks, but an uptick was the extent of it. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 0.2 percent on a seasonally adjusted basis from one week earlier and was 0.4 percent higher on an unadjusted basis. Over the previous two weeks the index had lost an aggregate of 8.0 percent. The Refinance Index decreased 1 percent from the prior week and was 16 percent lower than the same week one year ago. The refinance share of mortgage activity decreased to 63.9 percent of total applications from 64.5 percent. The Purchase Index gained 2 percent week over week on both an adjusted and an unadjusted basis. It was down 10 percent compared to the same week in

October 13, 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 Oct 13, 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 6.0 102.51 -0.03   99.66 102.51 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Price Change UMBS 5.0 99.74 -0.04 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.05 -0.03 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/8 10:19PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.009 5 YR Treasury 3.570 +0.008 7 YR Treasury 3.775 +0.006 10 YR Treasury 4.046 +0.007 30 YR Treasury 4.699 +0.009 Pricing as of: 9/8 10:19PM EST Other News Mortgage Application Volume Barely Budges Wed, Oct 13, 2021 10:31AM The volume of mortgage applications ticked up last week for the first time in three weeks, but an uptick was the extent of it. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 0.2 percent on a seasonally adjusted basis from one week earlier and was 0.4 percent higher on an unadjusted basis. Over the ... (read more) Affordability Actually Improved in August Despite Surging Prices Tue, Oct 12, 2021 4:14PM A new report from the National Association of Realtors (NAR) says housing affordability in the U.S. improved in August for the second straight month. NAR's Housing Affordability Index rose from 150.6 in July to 151.3 but was down from 165.8 the prior August. The month-over-month increase was the result of a 1.1 percent dip in the monthly mortgage payment and... (read more) AE Jobs; MBS Quote, Borrower, Processing, TPO, eClose Products; Conforming Conventional Changes Wed, Oct 13, 2021 10:35AM Those heading to the conference in San Diego should pack stylish, yet sensible, shoes given the amount of walking. (Today’s audio version of the commentary is available here and includes an interview between Robbie and myself about the MBA Annual starting this weekend about navigating the conference and Pitbull . This week’s is sponsored Candor T... (read more) Latest Video Here's the plan to recoup $500B in unpaid taxes The 2pm Bond Report - October 13, 2021 Redfin partners with ADT to allow in-person housing tours without an agent September's consumer price index up 0.4% vs. 0.3% estimate Around the Web CNBC Fed says it could begin 'gradual tapering process' by mid-November Calculated Risk Blog Cleveland Fed: Median CPI and Trimmed-mean CPI both increased 0.5% in September Calculated Risk Blog Cost of Living Adjustment increases 5.9% in 2022, Contribution Base increased to $147,000 CNBC 10-year Treasury yield turns flat after inflation data Reuters U.S. House votes for short-term debt ceiling fix, averting default CNBC Fed's Bullard says bond purchases should be tapered quickly in case rate hikes are needed Calculated Risk Blog Second Home Market: South Lake Tahoe in September CNBC Today's tight housing market is already overbuilt, one analyst says Calculated Risk Blog Will House Prices Increase "a further 16% by the end of 2022"? Reuters Explainer-What a U.S. debt ceiling extension means for bond markets CNBC House Speaker Nancy Pelosi signals Democrats could cut major pieces of Biden's economic plan CNBC A record 4.3 million workers quit their jobs in August, led by food and retail industries Calculated Risk Blog BLS: Job Openings Decrease to 10.4 Million in August

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