The share of mortgages originated for home purchases hit its highest level since February of 2020 in May. ICE Mortgage Technology's Origination Insight Report for the month put the share at 47 percent, four points higher than in April. The conventional share of originations dipped from 81 percent in April to 79 percent with FHA and VA loans each ticking up 1 percentage point to 11 percent and 7 percent, respectively. The 30-year fixed interest rate averaged 3.27 percent for loans closed during the month, up from 3.22 percent in April and 39 basis points higher than in January of this year. Adjustable-rate mortgages (ARMs) averaged 3.6 percent, surpassing the fixed rate for the first time since last June. The time to close all loans rose slightly, from 51 to 53 days. Refinance loans took two

July 13, 2021 Download our Mobile App: Download our Mobile App: Housing News May's Purchase Share Hit 15-Month High The share of mortgages originated for home purchases hit its highest level since February of 2020 in May. ICE Mortgage Technology's Origination Insight Report for the month put the share at 47 percent, four points higher than in April. The convention... (read more) Rob Chrisman Ops Director Job; Capital Markets, Underwriting, Processing, Non-QM, Mobile Products; Better's Overseas Acquisition When one thinks of a Constitutional Amendment, many think of the 2nd amendment (right to bear arms, 1789), 13th (end of slavery, 1865), or the 16th (creation nationwide income taxes, 1913). Remember the process from junior high? “…two-th... (read more) Housing News Forbearances See Largest Improvement to Date There was, as expected, a huge improvement in the number of forbearance plans during the week ended July 6. Black Knight reports that the number of homeowners in plans dropped by 189,000. This brought the total to 1.86 million, 3.5 percent of all act... (read more) Mortgage Rates Rates Higher Today, Lower This Week. What's Next? 30 Yr. Fixed Rate 6.82% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% +0.03 0.00 15 Yr. Fixed 6.03% +0.04 0.00 30 Yr. FHA 6.35% +0.05 0.00 30 Yr. Jumbo 6.90% +0.03 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.37% +0.06 0.00 Updates Daily - Last Update: 7/11 15 Yr. Fixed Rate 6.03% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.05 0.00 15 Yr. Fixed 5.86% +0.06 0.00 Updates Weekly - Last Update: 7/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries MBS Live Recap: How Does Today's Big Sell-Off Affect The Bigger Picture? UMBS 30YR 5.5 99.33 -0.14 Price / Yield Change MBS UMBS 5.5 99.33 -0.14 UMBS 6.0 101.23 -0.03 GNMA 5.5 99.66 -0.18 GNMA 6.0 101.31 -0.07 Pricing as of: 7/12 4:53AM EST 10 Year US Treasury 4.4083 +0.0615 Price / Yield Change US Treasury 2 YR Treasury 3.901 +0.024 5 YR Treasury 3.971 +0.036 7 YR Treasury 4.179 +0.053 10 YR Treasury 4.408 +0.062 30 YR Treasury 4.955 +0.085 Pricing as of: 7/12 4:53AM EST Latest Video The 2pm Bond Report - July 13, 2021 San Francisco Fed President Daly on investors' inflation concerns The 9am Bond Report - July 13, 2021 June's Consumer Price Index comes in at 0.9% vs. 0.5% estimate Around the Web Calculated Risk Blog Minnesota Real Estate in June: Sales Up 13% YoY, Inventory Down 41% YoY Calculated Risk Blog Colorado Real Estate in June: Sales Up 9% YoY, Inventory Down 59% YoY CNBC Fed's Mary Daly says tapering of bond purchases may start this year NY Fed New York Fed purchases $5.999 billion in Treasurycoupons Reuters U.S. Treasury's Yellen says carbon pricing can work, with caveats CNBC Consumer price index increases 5.4% in June vs. 5% estimate Reuters Yellen says prepared to launch Treasury debt limit measures Calculated Risk Blog Boston Real Estate in June: Sales Up 77% YoY, Inventory Down 19% YoY Calculated Risk Blog Housing Inventory July 12th Update: Inventory Unchanged Week-over-week, Up 22% from Low in early April Calculated Risk Blog Seven High Frequency Indicators for the Economy Reuters Yellen urges EU to back global tax deal, keep fiscal support CNBC Treasury yields start the week lower, 10-year Treasury around 1.34% Reuters Marketmind: Real world data bites

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.