Mortgage application activity slowed further during the week ended June 4, a short business week due to Monday's Memorial Day holiday. The impact of the holiday was magnified in annual comparisons because it occurred a week earlier in 2020. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 3.1 percent on a seasonally adjusted basis compared to the prior week and was down 13 percent on an unadjusted basis. The Refinance Index decreased 5 percent from the previous week and was 27 percent lower than the same week one year ago. Refinancing made up 60.4 percent of application activity during the week. The share the previous week was 61.3 percent. The seasonally adjusted Purchase Index ticked up 0.3 percent from one week earlier

June 10, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman AE, Ops, MLO Jobs; Warehouse, Sales, Execution, Analytics Tools; Tech Survey; Disaster Updates With plenty of in-person mortgage events slated for the remainder of 2021, it is good that human brains are specialized for facial recognition and that we’re not chimps whose brains are specialized to recognize something else . (But that would ... (read more) Housing News Mortgage Application Volume Declined on Holiday-Shortened Week Mortgage application activity slowed further during the week ended June 4, a short business week due to Monday's Memorial Day holiday. The impact of the holiday was magnified in annual comparisons because it occurred a week earlier in 2020. The Mortg... (read more) Housing News Early State Delinquencies Drop Below Pre-COVID Levels The nation's mortgage delinquency rate is inching closer to its pre-pandemic level as early stage delinquencies improve. CoreLogic says that in March of this year 4.9 percent of all mortgages were 30 days or more past due, including loans in foreclos... (read more) Mortgage Rates Rates Move Lower Again as Bond Demand Stays Strong 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: Best Levels in Months After Much Higher CPI Data (No, Really!) 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 6:26PM 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 6:26PM EST Latest Video Household net worth rises to a record $137T, according to the Fed Consumer price jump in May doesn't change narrative for the Fed, says PIMCO... The 9am Bond Report - June 10, 2021 U.S. consumer price index rose 5% year-over-year, vs. 4.7% estimate Around the Web Reuters U.S. Treasury's Yellen says Congress needs to fund debt relief programs Reuters 'Worst' of inflation seen likely this summer, easing in fall: U.S. official Reuters Republicans see progress in bipartisan U.S. infrastructure talks Calculated Risk Blog Fed's Flow of Funds: Household Net Worth Increased $5.0 Trillion in Q1 Calculated Risk Blog Cleveland Fed: Key Measures Show Inflation Increased in May CNBC Goldman CFO says inflation likely transitory but a sharp rise would have negative consequences' Fannie Mae Mortgage Lenders' Profitability Outlook Tightens Further Following 2020 Refi Boom CNBC Homeowners got $2 trillion richer during the first three months of the year Calculated Risk Blog Weekly Initial Unemployment Claims decrease to 376,000 CNBC Consumer prices jump 5% in May, fastest pace since the summer of 2008 Redfin Growth in Mortgage-Rate Locks For Second Homes Dropped to Pre-Pandemic Levels in May Calculated Risk Blog CoreLogic: 1.4 Million Homes with Negative Equity in Q1 2021 CNBC G-20 GDP returns to pre-pandemic levels, with China seeing a massive rebound

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