Daily Newsletter: Mortgage App Volume Fairly Steady; Rates Recovered a Bit, But Risks Remain

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30 Year Fixed 2.96%   -0.01 15 Year Fixed 2.39%   -0.02 10YR Treasury 1.34%   -0.0373 View Today's Rates

Wednesday September 8, 2021 MND NewsWire - 11:16AM Volumes, Rates Changed Little Heading into Long Weekend Applications for mortgage financing declined again during the week ended September 3. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application ... Mortgage Rate Watch - 4:02PM Mortgage Rates Lower Today, But Volatility Remains a Risk Mortgage rates moved lower today after starting the week by jumping noticeably higher yesterday. Today's gains came courtesy of global growth concerns early in the trading session and ... MBS Commentary - 3:44PM MBS RECAP: 10yr Auction Easily Helps Rates Hold The Range. What Next? 10yr Auction Easily Helps Rates Hold The Range. What Next? Today's 10yr auction was exceptionally strong. In fact, by the time we consider the fairly epic levels of corporate bond issuance ... AE Jobs; eClose, Subservicing, Processing, Workflow, Retention Tools; TPO Loan Products MBS Day Ahead: Stronger Start, But Risk Remains With 10yr Auction and Corporate Bonds Latest Video Former Dallas Fed president Fisher on August jobs miss, taper timeline July JOLTS: 10.9 million job openings and labor turnover took place in July I'm not a big fan of the asset purchases, but you can't just pull them because of the spillover effect, says Swonk More News from 'Around the Web' The Basis Point - 3:14PM 63% of Americans think it's a bad time to buy a home. Nevertheless, 70% say they'll buy (not rent) if moving. CNBC - 3:14PM Businesses are feeling stronger inflation and paying higher wages, Fed's 'Beige Book' says Reuters - 1:34PM U.S. job openings vault to record high as employers scramble for workers Calculated Risk Blog - 11:45AM Black Knight Mortgage Monitor for July; Tappable Equity Rises to All-Time High of $9.1 Trillion CNBC - 10:59AM Yellen urges Congress to raise debt limit, warns Pelosi that extraordinary measures will run out in October Calculated Risk Blog - 10:25AM BLS: Job Openings Increase to Series High 10.9 Million in July Calculated Risk Blog - 8:51AM Forbearance Will Not Lead to a Huge Wave of Foreclosures CNBC - 8:04AM Treasury yields fall slightly on Wednesday CNBC - 8:03AM China's central bank keeps the brakes on economic stimulus CNBC - 8:03AM ECB to kick off its tapering debate as inflation surges to a 10-year high Today's Rates Best Execution Rate Change 30 Yr FRM 2.96% -0.01 15 Yr FRM 2.39% -0.02 FHA 30 Year Fixed 2.63% -0.02 Jumbo 30 Year Fixed 3.09% -0.01 5/1 Yr ARM 2.75% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 2.99% 0.30 +0.02 15 Yr. Fixed 2.35% 0.25 +0.02 30 Yr. Jumbo 3.15% 0.29 +0.03 30 Yr. FHA 3.06% 0.27 -0.02 5/1 ARM 2.52% 0.15 -0.41 Freddie Mac ** 30 Yr. Fixed 2.87% 0.60 +0.00 15 Yr. Fixed 2.18% 0.60 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.43% 0.30 +0.01 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 2.0 101.28 +0.11 30YR UMBS 2.5 103.81 +0.05 30YR GNMA 2.0 101.97 +0.08 30YR GNMA 2.5 103.39 +0.06 15YR UMBS 2.0 103.50 +0.02 15YR UMBS 2.5 104.55 0.00 Treasuries Yield Change 2 YR 0.2182% -0.0038 5 YR 0.8078% -0.0160 10 YR 1.3393% -0.0373 30 YR 1.9557% -0.0373 Prices as of: 9/8/2021 4:15PM 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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