August 22, 2022

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Mortgage Rate Watch

Highest Mortgage Rates in More Than a Month

At the end of July, the prevailing concern in the mortgage industry was that rates were falling at an unhealthy pace. The good news is that as we approach the end of August, no one needs to be concerned about that anymore! The bad news is... (read more)

MBS Commentary

Unfriendly Trend as Fed Fear Sets In

Unfriendly Trend as Fed Fear Sets In Without any obvious, individual motivations in the news or on the econ calendar, bonds sold off moderately again today. The size of the losses wasn't as relevant as ... (read more)

Rob Chrisman

Cap. Mkts, Broker, HMDA Review, AI/ML Products; Recent Freddie and Fannie News

John Kenneth Galbraith said, “The only function of economic forecasting is to make astrology look respectable.” How about forecasts of how dramatic this downturn has been for residential lenders and related third parties? What is making the headlines... (read more)

Mortgage Rates

Highest Mortgage Rates in More Than a Month

30 Yr. Fixed Rate

5.72% +0.12%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.72%	+0.12	0.00
15 Yr. Fixed	5.02%	+0.12	0.00
30 Yr. FHA	5.12%	+0.12	0.00
30 Yr. Jumbo	4.90%	+0.05	0.00
5/1 ARM	5.87%	0.00	0.00
30 Yr. VA	5.15%	+0.10	0.00
Updates Daily - Last Update: 8/22

15 Yr. Fixed Rate

5.02% +0.12%

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	5.45%	-0.02	0.57
15 Yr. Fixed	4.87%	+0.13	0.64
30 Yr. Jumbo	5.14%	+0.05	0.33
Updates Weekly - Last Update: 8/17

MBS / Treasuries

Unfriendly Trend as Fed Fear Sets In

UMBS 30YR 4.0

98.34 -0.47

Price / Yield	Change
MBS
UMBS 4.0	98.34	-0.47
UMBS 4.5	99.95	-0.36
GNMA 4.0	99.22	-0.39
GNMA 4.5	100.55	-0.22
Pricing as of: 8/22 5:41PM EST

10 Year US Treasury

3.0238 +0.0480

Price / Yield	Change
US Treasury
2 YR Treasury	3.316	+0.078
5 YR Treasury	3.165	+0.068
7 YR Treasury	3.117	+0.062
10 YR Treasury	3.024	+0.048
30 YR Treasury	3.231	+0.016
Pricing as of: 8/22 5:41PM EST

Latest Video

It's a great time to sell homes, says Nations Lending CEO Jeremy Sopko

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The 2pm Bond Report - August 19, 2022

Around the Web

Calculated Risk Blog

Housing Inventory August 29th Update: Growth has Slowed

Calculated Risk Blog

Final Look at Local Housing Markets in July

Calculated Risk Blog

Four High Frequency Indicators for the Economy

CNBC

59% of Americans worry student loan forgiveness will make inflation worse, CNBC survey finds

CNBC

U.S. Treasury yields move lower as investors look ahead to Jackson Hole symposium

CNBC

Treasury yields move higher following jobless claims report

Calculated Risk Blog

Realtor.com Reports Weekly Inventory Up 27% Year-over-year; New Listings Down 15%

Calculated Risk Blog

Q3 GDP Forecasts: Around 1%

Reuters

Record jump in German producer prices adds to gloomy outlook

Eye on Housing

Jump for Multifamily Rental Development

CNBC

European markets set for slightly lower open as Fed hike fears resurface

Fannie Mae

Economy Constrained by Competing Effects of Elevated Inflation and Strong Labor Market

Fannie Mae

Weak Growth Continues as Housing Slows

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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