May 2, 2022

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Mortgage Rate Watch

30yr Fixed Mortgage Rates Now Over 5.5%

The hits keep coming for mortgage rates in 2022. Not since the early 80s have rates risen as quickly as they have in the past 2 months (or the past 4 months for that matter). Less than 6 months ago, some lenders were still quoting top tie... (read more)

MBS Commentary

MBS Live Recap: Rocky Start to Fed's Normalization Revelation Week

Rocky Start to Fed's Normalization Revelation Week The Fed has been in full-fledged policy tightening mode in 2022, with multiple increases in the level of concern. More concern means faster removal of ... (read more)

Rob Chrisman

HELOC, Non-QM, Pricing, eNote, AI, Warehouse Products; Training and Events Through June

Besides a reminder that it is Teacher Appreciation Week, how about some loan officer humor to lead off Monday? “We’re closing on our house next week. Sorry we didn’t use you.” “Oh, that’s okay. You should really go buy a new car this week to celebrat... (read more)

Mortgage Rates

30yr Fixed Mortgage Rates Now Over 5.5%

30 Yr. Fixed Rate

5.55% +0.14%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.55%	+0.14	0.40
15 Yr. Fixed	4.89%	+0.05	0.40
30 Yr. FHA	5.00%	+0.12	0.00
30 Yr. Jumbo	4.68%	+0.12	0.00
5/1 ARM	4.55%	+0.17	1.00
Updates Daily - Last Update: 5/2

15 Yr. Fixed Rate

4.89% +0.05%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.10%	-0.01	0.80
15 Yr. Fixed	4.40%	+0.02	0.90
5/1 Yr. ARM	3.78%	+0.03	0.30
Updates Weekly - Last Update: 4/28

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	5.37%	+0.17	0.67
15 Yr. Fixed	4.68%	+0.24	0.80
30 Yr. Jumbo	4.89%	+0.13	0.47
Updates Weekly - Last Update: 4/27

MBS / Treasuries

MBS Live Recap: Rocky Start to Fed's Normalization Revelation Week

UMBS 30YR 4.0

99.05 -0.20

Price / Yield	Change
MBS
UMBS 4.0	99.05	-0.20
UMBS 4.5	101.20	-0.33
GNMA 4.0	99.81	-0.13
GNMA 4.5	101.48	-0.30
Pricing as of: 5/2 5:21PM EST

10 Year US Treasury

2.9729 +0.0354

Price / Yield	Change
US Treasury
2 YR Treasury	2.731	+0.000
5 YR Treasury	2.998	+0.036
7 YR Treasury	3.026	+0.041
10 YR Treasury	2.973	+0.035
30 YR Treasury	3.023	+0.027
Pricing as of: 5/2 5:21PM EST

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U.S. Treasury yields start May higher as traders look ahead to Fed meeting

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Construction Spending Increased 0.1% in March

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ISM Manufacturing index Decreased to 55.4% in April

CNBC

The Fed's favorite inflation gauge rose 5.2% in March

Calculated Risk Blog

Realtor.com Reports Weekly Inventory down only 6% Year-over-year

Calculated Risk Blog

Personal Income increased 0.5% in March; Spending increased 1.1%

Calculated Risk Blog

Hotels: Occupancy Rate Down 4.2% Compared to Same Week in 2019

Eye on Housing

March Gains in Personal Income

CNBC

Euro zone inflation hits record high for the sixth month in a row

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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