October 7, 2022

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MBS Commentary

Logical Outcome For Bonds. Still Waiting on Data to Tell a New Story

Logical Outcome For Bonds. Still Waiting on Data to Tell a New Story The jobs report came in just slightly above expectations in terms of the payroll count and convincingly lower in terms of the unemployment ... (read more)

Rob Chrisman

Audit, Pre-Qual, TPO Programs, HELOC Evaluation Tools; Loan Limits and Amounts Drive Program Changes

While investors who “jumped the gun” on establishing their own conforming conventional loan limits ahead of the official proclamation at the end of November by the FHFA are wondering if they “spoke too soon” as values drop, time is rushing by. Kids a... (read more)

Mortgage Rates

No, Mortgage Rates Aren't Lower This Week. They're Actually Back Over 7%

30 Yr. Fixed Rate

7.12% +0.08%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	7.12%	+0.08	0.00
15 Yr. Fixed	6.35%	+0.20	0.00
30 Yr. FHA	6.62%	0.00	0.00
30 Yr. Jumbo	6.10%	+0.07	0.00
5/1 ARM	6.45%	+0.08	0.00
30 Yr. VA	6.69%	+0.01	0.00
Updates Daily - Last Update: 10/7

15 Yr. Fixed Rate

6.35% +0.20%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	6.66%	-0.04	0.80
15 Yr. Fixed	5.90%	-0.06	1.00
5/1 Yr. ARM	5.36%	+0.06	0.30
Updates Weekly - Last Update: 10/6

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	6.75%	+0.23	0.95
15 Yr. Fixed	5.96%	+0.26	1.08
30 Yr. Jumbo	6.14%	+0.13	0.79
Updates Weekly - Last Update: 10/5

MBS / Treasuries

Logical Outcome For Bonds. Still Waiting on Data to Tell a New Story

UMBS 30YR 5.0

97.13 -0.28

Price / Yield	Change
MBS
UMBS 5.0	97.13	-0.28
UMBS 5.5	99.23	-0.19
GNMA 5.0	97.70	-0.25
GNMA 5.5	99.78	-0.25
Pricing as of: 10/7 5:41PM EST

10 Year US Treasury

3.8875 +0.0599

Price / Yield	Change
US Treasury
2 YR Treasury	4.312	+0.056
5 YR Treasury	4.149	+0.077
7 YR Treasury	4.037	+0.068
10 YR Treasury	3.888	+0.060
30 YR Treasury	3.848	+0.060
Pricing as of: 10/7 5:41PM EST

Latest Video

Experts debate whether the Fed will continue with another 75-basis point ra...

Holiday spending forecasts for retail show ongoing inflationary troubles, s...

August wholesale inventories come in nearly unchanged month-over-month

The 2pm Bond Report - October 7, 2022

Around the Web

Wall Street Journal

Fed on Track for Another Large Interest-Rate Hike After Jobs Report

CNBC

These are the 10 states where renters are most behind on payments and high-cost California didn't make the list

CNBC

Job growth slowed in September as payrolls rose just 263,000 amid Fed rate hikes

Calculated Risk Blog

Realtor.com Reports Weekly Active Inventory Up 30% Year-over-year; New Listings Down 17%

Reuters

Fed's Evans: rates headed to 4.5%-4.75% by spring of 2023

Reuters

Fed's Kashkari: 'quite a ways away' from pausing rate hikes

Reuters

Fed's Cook supports "preemptive" rate hikes against "stubbornly" high inflation

Calculated Risk Blog

Q3 GDP Tracking Close to 2%

CNBC

Friday's jobs report could be a case where good news isn't really good

Calculated Risk Blog

AAR: September Rail Carloads Mostly Unchanged Year-over-year, Intermodal Down

Calculated Risk Blog

Comments on September Employment Report

CNBC

Treasury yields inch higher as markets await unemployment data while Fed remains hawkish

CNBC

European markets set for slightly lower open ahead of key U.S. jobs report

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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