Mortgage Rate Watch

Late Day Recovery For Mortgage Rates, But Still Higher Today

Last Friday, mortgage rates hit their highest levels since 2009 with the average lender quoting conventional 30yr fixed rates of 5.5%. Things weren't much better this morning as the bond market failed to draw any significant inspiration from th... (read more)

MBS Commentary

MBS Live Recap: Nice Intraday Bounce, But No Implication For Bigger Picture

Nice Intraday Bounce, But No Implication For Bigger Picture Bonds began the day losing ground following hotter inflation data in Europe. The GDP contraction offered brief benefit, but yields moved to ne... (read more)

Rob Chrisman

Cap. Mkts., Underwriting, Pre-qual, Automation Tools; Freddie Results; May Webinars and Events; GDP Tumbles

While the industry digests Freddie Mac’s first quarter earnings (47 percent purchase, 53 percent refi), if you try to correct my grammar, I will think fewer of you. Speaking of language, did you know that the alphabet in Hawai’i only contains 12 lett... (read more)

Rate

Change

Points

Mortgage News Daily

30 Yr. Fixed

5.40%

+0.10

0.40

15 Yr. Fixed

4.83%

+0.11

0.40

30 Yr. FHA

4.90%

+0.02

0.00

30 Yr. Jumbo

4.55%

+0.04

0.00

5/1 ARM

4.28%

+0.08

0.50

Updates Daily - Last Update: 4/28

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

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

Price / Yield

Change

MBS

UMBS 4.0

99.86

+0.03

UMBS 4.5

102.03

+0.13

GNMA 4.0

100.52

+0.11

GNMA 4.5

102.27

+0.13

Pricing as of: 4/28 5:21PM EST

Price / Yield

Change

US Treasury

2 YR Treasury

2.632

+0.041

5 YR Treasury

2.851

+0.027

7 YR Treasury

2.879

+0.026

10 YR Treasury

2.838

+0.012

30 YR Treasury

2.905

-0.009

Pricing as of: 4/28 5:21PM EST