March 21, 2022

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MBS Commentary

MBS Live Morning: Sharply Higher Yields After Another Weekend Head Fake

For two Fridays in a row, bonds have leveled off in a way that offered some hope for consolidation and stability. And for two Mondays in a row, the week is starting off with heavy selling crushing that hope. Some of this dynamic can be ch... (read more)

Rob Chrisman

Cash Flow Worksheet, MBA Membership Products; Thoughts on CFPB's Latest Moves

Today, for yield curve fans, the 3, 5, and 7-year Treasury yields are all above the 10-year yield. But yesterday was the Spring Equinox, aka Vernal Equinox, above the equator. The technical description of this event is beyond the scope of this Commen... (read more)

Mortgage Rates

Highest Mortgage Rates in 3 Years After Fed Hikes, But Is There a Connection?

30 Yr. Fixed Rate

4.66% +0.20%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	4.66%	+0.20	0.40
15 Yr. Fixed	3.97%	+0.13	0.40
30 Yr. FHA	4.25%	+0.25	0.00
30 Yr. Jumbo	4.05%	+0.10	0.00
5/1 ARM	3.84%	+0.02	1.00
Updates Daily - Last Update: 3/21

15 Yr. Fixed Rate

3.97% +0.13%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	4.16%	+0.31	0.80
15 Yr. Fixed	3.39%	+0.30	0.80
5/1 Yr. ARM	3.19%	+0.22	0.20
Updates Weekly - Last Update: 3/17

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	4.27%	+0.18	0.54
15 Yr. Fixed	3.55%	+0.16	0.46
30 Yr. Jumbo	4.02%	+0.23	0.37
Updates Weekly - Last Update: 3/16

MBS / Treasuries

MBS Live Morning: Sharply Higher Yields After Another Weekend Head Fake

UMBS 30YR 3.5

100.23 -0.83

Price / Yield	Change
MBS
UMBS 3.5	100.23	-0.83
UMBS 4.0	102.39	-0.67
GNMA 3.5	100.75	-0.73
GNMA 4.0	102.42	-0.47
Pricing as of: 3/21 5:21PM EST

10 Year US Treasury

2.2969 +0.1439

Price / Yield	Change
US Treasury
2 YR Treasury	2.120	+0.177
5 YR Treasury	2.326	+0.180
7 YR Treasury	2.346	+0.166
10 YR Treasury	2.297	+0.144
30 YR Treasury	2.521	+0.100
Pricing as of: 3/21 5:21PM EST

Latest Video

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Powell says there is an obvious need for the Fed to move expeditiously

The 2pm Bond Report - March 21, 2022

Around the Web

Reuters

Wall Street slides after Powell's hawkish comments

CNBC

Powell says 'inflation is much too high' and the Fed will take 'necessary steps' to address

Calculated Risk Blog

Final Look at Local Housing Markets in February

Calculated Risk Blog

Housing Inventory March 21st Update: Inventory down slightly Week-over-week; Up 3% from 2 weeks Ago

Calculated Risk Blog

Six High Frequency Indicators for the Economy

Eye on Housing

Property Taxes Account for Largest Share of State and Local Revenue in 2021

Reuters

Fed's Bostic sees 6 rate hikes this year, risks from war

Realtor.com

Dream vs. Reality: The Features Homebuyers Are Really Looking For in the 2022 Spring Buying Season

CNBC

Home sales fell far more than expected in February, as mortgage rates rose and supply remained tight

Reuters

Oil prices jump again as EU considers Russian oil ban

Fannie Mae

Mortgage lenders discuss the intersection of blockchain and housing finance

CNBC

Fed Governor Waller says half-point rate hikes could be needed to tame inflation

Calculated Risk Blog

Q1 GDP Forecasts: Around 1%

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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