Daily Newsletter: Purchase Mortgage Volume Continues to Weaken; Rates Moving Back Up

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30 Year Fixed 2.90%   +0.03 15 Year Fixed 2.34%   +0.03 10YR Treasury 1.29%   +0.0699 View Today's Rates

Wednesday July 21, 2021 MND NewsWire - 10:02AM 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 ... MBS Commentary - 5:01PM MBS RECAP: Defensive Shift Ahead of ECB Announcement Defensive Shift Ahead of ECB Announcement Coming into the week, there was some speculation that Monday's bond rally was based on expectations for a friendly announcement from the European ... MBS Commentary - 9:23AM MBS Day Ahead: Correction Continues as Bonds Test Another Technical Ceiling With a moderate dose of weakness in the overnight session, 10yr yields have quickly found themselves on the doorstep of 1.25%--a level that marked the threshold of a fun little party ... MLO Jobs, Lenders Wanted; U/W Training, Jumbo Products; Customer Service; Upcoming Virtual Events MBA Sees New Home Sales at 13 Month Low Latest Video Debt limit likely to be hit in October or November unless raised, says CBO Markets are heading for an unavoidable risk-off episode, Knapp says Did the markets overreact to the delta variant? More News from 'Around the Web' Calculated Risk Blog - 1:21PM AIA: "Architecture Billings Index robust growth continues" in June CNBC - 1:19PM ECB set to tweak guidance to reflect its new 2% inflation target Reuters - 1:16PM What, me worry? Fed chief's emotional tone can drive markets, study suggests www.zillow.com - 1:15PM The Great Reshuffling Is Changing How Far Americans Are Willing to Commute Reuters - 1:14PM Partisan fight flares in U.S. Congress over raising debt ceiling Calculated Risk Blog - 1:14PM CoreLogic: Single-Family Rents Up 6.6% Year Over Year in May CNBC - 1:13PM What you need to know about applying for rental assistance as national eviction ban comes to an end www.redfin.com - 8:49AM Homebuyers Are Turning Back to Condos After Pandemic-Driven Slump Reuters - 8:14AM Work-in-progress U.S. infrastructure bill faces test on Senate floor Today's Rates Best Execution Rate Change 30 Yr FRM 2.90% +0.03 15 Yr FRM 2.34% +0.03 FHA 30 Year Fixed 2.50% +0.00 Jumbo 30 Year Fixed 3.06% +0.01 5/1 Yr ARM 2.57% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 3.11% 0.43 +0.02 15 Yr. Fixed 2.46% 0.30 -0.02 30 Yr. Jumbo 3.13% 0.32 -0.03 30 Yr. FHA 3.08% 0.31 -0.07 5/1 ARM 2.74% 0.19 -0.28 Freddie Mac ** 30 Yr. Fixed 2.88% 0.70 -0.02 15 Yr. Fixed 2.22% 0.60 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.47% 0.30 -0.05 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 2.0 101.48 -0.31 30YR UMBS 2.5 103.69 -0.23 30YR GNMA 2.0 101.94 -0.33 30YR GNMA 2.5 103.19 -0.23 15YR UMBS 2.0 103.39 -0.13 15YR UMBS 2.5 104.64 -0.08 Treasuries Yield Change 2 YR 0.2098% +0.0082 5 YR 0.7378% +0.0528 10 YR 1.2917% +0.0699 30 YR 1.9400% +0.0629 Prices as of: 7/21/2021 5:06PM 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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