Daily Newsletter: Mortgage Application Volume Bounces Back, Refi Share up 20%; Rates Recover

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30 Year Fixed 3.09%   -0.02 15 Year Fixed 2.55%   +0.00 10YR Treasury 1.35%   -0.0691 View Today's Rates

Wednesday July 14, 2021 MND NewsWire - 8:44AM Mortgage Application Volume Bounces Back, Refi Share up 20% Mortgage application volume during the week ended July 9 featured the largest weekly increase since the first full week of 2021. The Mortgage Bankers Association (MBA)said its Market ... Mortgage Rate Watch - 3:02PM Mortgage Rates Recover Most of Yesterday's Losses Mortgage rates moved higher yesterday after a poorly-received 30yr bond auction ( read more... ). The bond market began to heal in the overnight trading session. By the time US traders ... MBS Commentary - 10:03AM MBS Day Ahead: 5.6% Producer-Level Inflation? No Big Deal The bond market doesn't tend to care about wholesale inflation (PPI) relative to the mainstream indices (CPI, PCE), but a number as high as 5.6% might give us some pause. Or at least ... Corresp., MLO Jobs; Jumbo, Non-QM, VOE, Warehouse Products; Freddie and Fannie Changes; More Inflation Numbers May's Purchase Share Hit 15-Month High Latest Video Fed must pare back asset purchases, says Ironsides' Barry Knapp Fed Chair Jerome Powell: Rising home prices remain a concern Fed Chair Jerome Powell: Housing prices surging because of demand More News from 'Around the Web' www.redfin.com - 3:53PM Demand For Vacation Homes Falls For the First Time in a Year CNBC - 2:01PM Watch Fed Chair Powell speak live on policy and the economy before a House panel Reuters - 2:01PM Stocks rebound, yields fall on Powell's dovish remarks Reuters - 1:57PM Top U.S. banks smash profit estimates on rebounding economy CNBC - 8:54AM Powell says the Fed is still a ways off from altering policy, expects inflation to moderate CNBC - 8:45AM The ECB starts work on creating a digital version of the euro CNBC - 8:03AM Treasury yields dip ahead of Fed Chair Powell testimony Today's Rates Best Execution Rate Change 30 Yr FRM 3.09% -0.02 15 Yr FRM 2.55% +0.00 FHA 30 Year Fixed 2.63% -0.05 Jumbo 30 Year Fixed 3.13% -0.02 5/1 Yr ARM 2.73% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.09% 0.37 -0.06 15 Yr. Fixed 2.48% 0.32 -0.04 30 Yr. Jumbo 3.16% 0.27 -0.04 30 Yr. FHA 3.15% 0.29 -0.02 5/1 ARM 3.02% 0.32 +0.08 Freddie Mac ** 30 Yr. Fixed 2.90% 0.60 -0.08 15 Yr. Fixed 2.20% 0.70 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.52% 0.20 -0.02 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR UMBS 2.0 101.36 +0.38 30YR UMBS 2.5 103.59 +0.25 30YR GNMA 2.0 102.00 +0.34 30YR GNMA 2.5 103.36 +0.22 15YR UMBS 2.0 103.39 +0.20 15YR UMBS 2.5 104.55 +0.11 Treasuries Yield Change 2 YR 0.2270% -0.0278 5 YR 0.7961% -0.0499 10 YR 1.3492% -0.0691 30 YR 1.9756% -0.0734 Prices as of: 7/14/2021 4:26PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2021 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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