The volume of mortgage applications dipped slightly during the week ended December 17, the second consecutive decline. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, declined by 0.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index was down 1 percent compared with the previous week. The Refinance Index increased 2 percent from the previous week and was 42 percent lower than the same week one year ago. The refinance share of mortgage activity increased to 65.2 percent of total applications from 63.3 percent the previous week. The seasonally adjusted Purchase Index fell 3 percent and was down 6 percent on an unadjusted basis. The volume was 9 percent lower than the same week one year ago. Refi Index

December 22, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman HELOC, Broker, POS/LOS Products; FEMA News... Private Flood Insurance for FHA Loans? Yes, you should know that today is a date palindrome. Of course people in Ohio, and Florida, know that Key West is farther west than Cleveland . Utah is farther west than both, and sometimes, when everyone zigs, one person will zag, and with good rea... (read more) Housing News Lower Rates Boost Refi Volume The volume of mortgage applications dipped slightly during the week ended December 17, the second consecutive decline. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, declined by 0.6 percent on a seas... (read more) Housing News String of Existing Home Price Increases Now Longest on Record Existing home sales came in a little lower than expected in November, but it was still the third consecutive gain. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhouses, condos, and cooperative apart... (read more) Mortgage Rates Mortgage Rates Moderately Higher 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries MBS Live Recap: Sideways, Boring, and Slightly Stronger UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 2:26PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 2:26PM EST Latest Video The Conference Board survey shows inflation concerns down from 13-year high The 2pm Bond Report - December 22, 2021 Fewer home sales expected in 2022 as rates, prices stay high The 9am Bond Report - December 22, 2021 Around the Web Redfin Housing Market Update: Home Prices Rise to All-Time High Calculated Risk Blog MBA Updated Economic and Mortgage Forecasts Calculated Risk Blog More Analysis on November Existing Home Sales Calculated Risk Blog NAR: Existing-Home Sales Increased to 6.46 million in November Fannie Mae Fannie Mae's Journey to $100 Billion in Green Bonds and What Lies Ahead Calculated Risk Blog Q3 GDP Growth Revised up to 2.3% Annual Rate Redfin U.S. Homeowners Gained $9 Trillion Over the Past Year CNBC U.S. Treasury yields tick lower ahead of U.S. data release, markets watch for new Covid-19 restrictions CFPB CFPB Shutters Lending by VC-Backed Fintech for Violating Agency Order Calculated Risk Blog 5th Look at Local Housing Markets in November CNBC Rents for single-family homes are rising three times as fast as they were a year ago Calculated Risk Blog Cleveland Fed: "What's Holding Back Employment" CNBC U.S. Treasury yields mostly flat amid worsening omicron news, lower growth forecasts

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