August 1, 2022

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Rob Chrisman

DPA, Revenue, Jumbo Products and Tools; Upcoming Events and Webinars; More on the Fed

Both basketball player Bill Russell and Nichelle Nichols, Lt. Uhura on Star Trek,” passing away!? Meanwhile, today I head to Chicago, the #1 city for naked bike riding. (No, I’m not bringing my bike.) On a more serious topic, this week we receive the... (read more)

Mortgage Rates

The Real Reason Mortgage Rates Are Dropping at a Record Pace

30 Yr. Fixed Rate

5.05% -0.08%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.05%	-0.08	0.00
15 Yr. Fixed	4.38%	-0.07	0.00
30 Yr. FHA	4.55%	-0.07	0.00
30 Yr. Jumbo	4.55%	-0.02	0.00
5/1 ARM	5.20%	-0.10	0.00
30 Yr. VA	4.65%	-0.05	0.00
Updates Daily - Last Update: 8/1

15 Yr. Fixed Rate

4.38% -0.07%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.30%	-0.40	0.80
15 Yr. Fixed	4.45%	-0.38	0.80
5/1 Yr. ARM	4.19%	-0.31	0.40
Updates Weekly - Last Update: 7/7

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	5.74%	-0.08	0.61
15 Yr. Fixed	4.95%	+0.07	0.67
30 Yr. Jumbo	5.32%	+0.01	0.43
Updates Weekly - Last Update: 7/27

MBS / Treasuries

UMBS 30YR 4.0

100.83 +0.28

Price / Yield	Change
MBS
UMBS 4.0	100.83	+0.28
UMBS 4.5	101.89	+0.13
GNMA 4.0	101.28	+0.22
GNMA 4.5	102.00	+0.08
Pricing as of: 8/1 5:21PM EST

10 Year US Treasury

2.5822 -0.0755

Price / Yield	Change
US Treasury
2 YR Treasury	2.884	-0.006
5 YR Treasury	2.648	-0.034
7 YR Treasury	2.635	-0.054
10 YR Treasury	2.582	-0.076
30 YR Treasury	2.914	-0.098
Pricing as of: 8/1 5:21PM EST

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Around the Web

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Is the Housing Market in a Recession? Heres What Economists Are Saying

Calculated Risk Blog

Black Knight Mortgage Monitor: "Record-Setting Slowdown in Home Price Growth"

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Five High Frequency Indicators for the Economy

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Private Residential Spending Declines in June

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Home prices cooled at a record pace in June, according to housing data firm

CNBC

Mortgage rates fall sharply after negative GDP report and Fed's latest hike

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Rent Increases Up Sharply Year-over-year, Pace Continues to Slow

Reuters

Bostic: Convinced Fed needs to keep raising rates to control inflation

Wall Street Journal

Fed's Bostic Says Economy Probably Isn't in Recession, More Rate Rises Needed

Calculated Risk Blog

Q2 2022 GDP Details on Residential and Commercial Real Estate

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Hotels: Occupancy Rate Down 6.0% Compared to Same Week in 2019

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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