30YR Fixed Rate
6.85%
+0.02%
15YR Fixed Rate
6.07%
+0.04%
UMBS 30YR 5.5
98.91
-0.25
10 Year Treasury
4.490
+0.055
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After a strong showing during the week ended July 9, mortgage application volume pulled back. The Mortgage Bankers Association's (MBA) Market Composite Index, a measure of that volume, decreased 4.0 percent on a seasonally adjusted basis during the week ended July 16 although it was 20 percent higher than the prior week before adjustment. The Refinance Index decreased 3 percent from the previous week and was 18 percent lower than the same week one year ago, but the refinancing share of total applications grew to 64.9 percent of total applications from 64.1 percent the previous week. The seasonally adjusted Purchase Index decreased 6 percent but was 17 percent higher on an unadjusted basis from the previous week and 18 percent lower than the same week in 2020. Refi Index vs 30yr Fixed Purchase
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July 21, 2021
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Rob Chrisman
MLO Jobs, Lenders Wanted; U/W Training, Jumbo Products; Customer Service; Upcoming Virtual Events
Experienced mortgage loan originators (MLOs) know that a rate lock is a rate lock. The removal of the adverse market fee of .5 for conventional conforming refis above $125,000 has caused conversations about pricing, borrower, and profit strategy. One... (read more)
Housing News
Purchase Mortgage Volume Continues to Weaken
After a strong showing during the week ended July 9, mortgage application volume pulled back. The Mortgage Bankers Association's (MBA) Market Composite Index, a measure of that volume, decreased 4.0 percent on a seasonally adjusted basis during the w... (read more)
Housing News
MBA Sees New Home Sales at 13 Month Low
The Mortgage Bankers Association is projecting a sizeable decline in new home sales occurred last month as applications for their purchase declined 3 percent month-over-month and were 23.8 percent lower than in June 2020. The change does not include ... (read more)
Mortgage Rates
Mortgage Rates Substantially Lower This Week, But Under Some Pressure Today
30 Yr. Fixed Rate
6.85% +0.02%
Rate Change Points
Mortgage News Daily
30 Yr. Fixed 6.85% +0.02 0.00
15 Yr. Fixed 6.07% +0.04 0.00
30 Yr. FHA 6.40% +0.03 0.00
30 Yr. Jumbo 6.92% +0.02 0.00
7/6 SOFR ARM 6.25% -0.02 0.00
30 Yr. VA 6.41% +0.02 0.00
Updates Daily - Last Update: 7/15
15 Yr. Fixed Rate
6.07% +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 Day Ahead: Correction Continues as Bonds Test Another Technical Ceiling
UMBS 30YR 5.5
98.91 -0.25
Price / Yield Change
MBS
UMBS 5.5 98.91 -0.25
UMBS 6.0 100.94 -0.17
GNMA 5.5 99.33 -0.20
GNMA 6.0 101.13 -0.08
Pricing as of: 7/15 5:38PM EST
10 Year US Treasury
4.4883 +0.0530
Price / Yield Change
US Treasury
2 YR Treasury 3.952 +0.043
5 YR Treasury 4.050 +0.060
7 YR Treasury 4.258 +0.064
10 YR Treasury 4.490 +0.055
30 YR Treasury 5.021 +0.042
Pricing as of: 7/15 5:38PM EST
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© 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.
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Today's Mortgage Rates  |  Mortgage Calculators
7/15/2025
30 Yr. Fixed Rate
6.85%
+0.02%
0.00
MBS & Treasury Prices
UMBS 30YR 5.5
98.93
-0.24
10 Year US Treasury
98.113
-0.404
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