Thanksgiving week, a three-day business week for many, saw the usual sharp decline in mortgage activity although purchase applications remained seasonally strong. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage application volume, fell 7.2 percent on a seasonally adjusted basis from one week earlier and was down 37 percent on an unadjusted basis. The Refinance Index decreased 15 percent during the week which ended November 26 and was 41 percent lower than the same week one year ago. The refinance share of mortgage activity decreased to 59.4 percent of total applications from 63.1 percent the previous week. It was the lowest share for refinancing since early April. The seasonally adjusted Purchase Index increased 5 percent week-over-week. The unadjusted

December 1, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Dec 1, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.60 +0.15   95.05 100.11 UMBS 30YR 5.5 101.09 +0.10   97.47 101.40 10 YR Treasury 4.085 -0.024   3.932 4.780 MBS Price Change UMBS 4.5 97.55 +0.13 UMBS 5.0 99.60 +0.15 UMBS 5.5 101.09 +0.10 GNMA 4.5 97.54 +0.04 GNMA 5.0 99.81 +0.17 GNMA 5.5 100.88 +0.09 Pricing as of: 11/4 3:22AM EST US Treasury Yield Change 2 YR Treasury 3.581 -0.028 5 YR Treasury 3.694 -0.030 7 YR Treasury 3.877 -0.028 10 YR Treasury 4.085 -0.024 30 YR Treasury 4.666 -0.027 Pricing as of: 11/4 3:22AM EST Other News Rates Rise, Refi Share Drops to Eight Month Low Wed, Dec 1, 2021 11:05AM Thanksgiving week, a three-day business week for many, saw the usual sharp decline in mortgage activity although purchase applications remained seasonally strong. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage application volume, fell 7.2 percent on a seasonally adjusted basis from one week earlier and was down ... (read more) Mortgage Profits Rebound from Q2 Slide Tue, Nov 30, 2021 12:55PM While the profits were nowhere near 2020 levels, independent mortgage banks and mortgage subsidiaries of chartered banks reported their third quarter 2021 gains did improve on those in Quarter 2. The report from the Mortgage Bankers Association (MBA) on mortgage bankers' performance showed an average net gain of $2,594 on each loan that was originated during... (read more) Coaching, Jumbo, Medical Professional Products; Investors Follow Conventional Conforming Limit Changes Wed, Dec 1, 2021 11:01AM Lenders are focused on December, and 2022, and along those lines the MBA’s Chief Economist Mike Fratantoni will be presenting a forecast today for next year. Of immediate concern are year-end closings: this is the day of the year when a 30-day rate lock doesn’t quite match its name, given the upcoming holidays. There’s no forecasting or est... (read more) Latest Video The 3pm Bond Report - December 1, 2021 The 2pm Bond Report - December 1, 2021 First case of omicron variant identified in California November manufacturing PMI comes in at 58.3 vs. 59.1 expected Around the Web Calculated Risk Blog Fed's Beige Book: "Economic activity grew at a modest to moderate pace" Redfin Housing Market Update: For-Sale Home Supply Hits All-Time Low Calculated Risk Blog Real House Prices, Price-to-Rent Ratio and Affordability in September CNBC U.S. confirms nation's first case of omicron Covid variant in California Calculated Risk Blog ISM Manufacturing index increased to 61.1% in November CNBC Private payrolls post better-than-expected growth of 534,000 in November, ADP says CNBC Treasury yields rise with the Fed's faster taper plans, omicron variant in focus Reuters Powell puts faster bond-buying taper on Fed's Christmas table CNBC Watch Yellen and Powell testify live before Senate Covid panel CNBC Here's why unemployment claims hit their lowest level since 1969 Reuters Powell, Yellen head to Congress as inflation, variant risks rise CNBC Euro zone inflation rate hits a record 4.9% for November CNBC Treasury yields slump on fresh omicron Covid variant fears

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