Mortgage application volume rose for the first time since mid-April last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 2.1 percent on a seasonally adjusted basis during the week ended May 7 and was 2.0 percent higher on an unadjusted basis. The Refinance Index gained 3 percent from the previous week but was down 12 percent from its level during the same week one year ago. The refinance share of mortgage activity increased to 61.3 percent of total applications from 61.0 percent the previous week. Both the seasonally adjusted and the unadjusted Purchase Indices grew by 1 percent from the prior week. The unadjusted Purchase Index was 13 percent higher than the same week in 2020. Refi Index vs 30yr Fixed Purchase Index vs 30yr

May 13, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman MLO, Ops Jobs; Cross-Border Lending, Processing, Recruiting Products; MBS Issuance Webinar; Quicken Name Change People around the nation are “voting with their feet.” Illinois: Seven straight years of population declines . California: Losing population during a year for the first time in history . Do you ever think about the fact that one city, Sha... (read more) Housing News Mortgage Application Volume Revs Up For The First Time Since April Mortgage application volume rose for the first time since mid-April last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 2.1 percent on a seasonally adjusted basis during the week ende... (read more) Housing News Even "Off-Radar" Metros Saw Huge Q1 Price Gains Metro area home prices rose sharply in the first quarter of 2021 and virtually every part of the country was impacted. The National Association of Realtors® (NAR) said that 99 percent of the 183 areas it tracks posted annual price gains, and for ... (read more) Mortgage Rates Mortgage Rates Moving Higher After Inflation Data 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries MBS Live Recap: Supply Storm Weathered (Could Have Been Worse) UMBS 30YR 5.5 100.07 +0.26 Price / Yield Change MBS UMBS 5.5 100.07 +0.26 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.50 +0.14 Pricing as of: 6/30 6:43PM EST 10 Year US Treasury 4.2246 -0.0567 Price / Yield Change US Treasury 2 YR Treasury 3.715 -0.035 5 YR Treasury 3.804 -0.031 7 YR Treasury 3.990 -0.045 10 YR Treasury 4.225 -0.057 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 6:43PM EST Latest Video Biggest concern is having a supply of finished lots, says housing analyst BlackRock's Rieder believes Fed is right that inflation is temporary but sa... Producer prices rose 0.6% in April from previous month, hotter-than-expecte... U.S. weekly jobless claims total 473,000 vs. 490,000 estimated Around the Web Reuters U.S. stocks rebound following rout, bond yields dip Calculated Risk Blog Sacramento Real Estate in April: Sales up 52% YoY, Active Inventory down 45% YoY CNBC Economist calls for calm on inflation talk: 'Everything ultimately will settle down' National Associattion of Realtors Single-Family Home Prices Rose in 99% of Metro Areas in 2021 Q1 Reuters Top scientists question the need for COVID-19 booster shots CNBC Producer prices rose 0.6% in April from the previous month, hotter-than-expected Calculated Risk Blog Thursday: Unemployment Claims, PPI CNBC Treasury yields are flat ahead of more key inflation data Reuters Republicans tell Biden tax hikes are a 'red line' in recovery plan Calculated Risk Blog Colorado Real Estate in April: Sales Up 41% YoY, Inventory Down 66% YoY Calculated Risk Blog Houston Real Estate in April: Sales Up 58% YoY, Inventory Down 43% YoY CNBC Investors are worried about inflation data, but economists see it as a sign of temporary growth Calculated Risk Blog NY Fed Q1 Report: Total Household Debt Increased in Q1 2021, Mortgage Origination Credit Scores Edged Up

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