April 5, 2022

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MBS Commentary

MBS Live Morning: Big Bad Brainard Bounce Brings Bonds Back (to Weakest Levels)

Sorry... I couldn't think of any "B" words for "weakest levels." Our big project of the past week and a half has been to assess the possibility of a broad consolidation in the bond market after hitting the highest yields in years last Monday. ... (read more)

Rob Chrisman

PPE, Business Intelligence, Jumbo Products; April Training and Events; Primer on Yield Curve Significance

My friend David had his id stolen and now he’s just Dav. Having anything stolen is not a laughing matter, and since we’re in the money business, lenders and vendors are often the target of cyber-attacks. If you want the FBI’s take on them, the Texas ... (read more)

Mortgage Rates

Mortgage Rates Slightly Lower to Begin New Week

30 Yr. Fixed Rate

5.02% +0.18%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.02%	+0.18	0.40
15 Yr. Fixed	4.24%	+0.05	0.40
30 Yr. FHA	4.62%	+0.20	0.00
30 Yr. Jumbo	4.30%	+0.15	0.00
5/1 ARM	4.00%	+0.07	0.50
Updates Daily - Last Update: 4/5

15 Yr. Fixed Rate

4.24% +0.05%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	4.67%	+0.25	0.80
15 Yr. Fixed	3.83%	+0.20	0.80
5/1 Yr. ARM	3.50%	+0.14	0.30
Updates Weekly - Last Update: 3/31

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	4.80%	+0.30	0.56
15 Yr. Fixed	4.01%	+0.25	0.55
30 Yr. Jumbo	4.40%	+0.29	0.44
Updates Weekly - Last Update: 3/30

MBS / Treasuries

MBS Live Morning: Big Bad Brainard Bounce Brings Bonds Back (to Weakest Levels)

UMBS 30YR 4.0

100.98 -0.91

Price / Yield	Change
MBS
UMBS 4.0	100.98	-0.91
UMBS 4.5	102.72	-0.81
GNMA 4.0	101.23	-0.75
GNMA 4.5	102.61	-0.67
Pricing as of: 4/5 5:21PM EST

10 Year US Treasury

2.5543 +0.1610

Price / Yield	Change
US Treasury
2 YR Treasury	2.524	+0.106
5 YR Treasury	2.702	+0.157
7 YR Treasury	2.669	+0.171
10 YR Treasury	2.554	+0.161
30 YR Treasury	2.582	+0.126
Pricing as of: 4/5 5:21PM EST

Latest Video

Fed governor Brainard: Fed to reduce balance sheet 'at a rapid pace'

30-year fixed mortgage rate climbs above 5%

The 9am Bond Report - April 5, 2022

ISM Services PMI 58.3 vs. 58.3 estimated

Around the Web

CNBC

Fed's Mary Daly says high inflation 'is as harmful as not having a job,' pledges rate hikes ahead

CNBC

30-year fixed mortgage crosses 5% for the first time since 2011

yahoo finance

Brainard: Fed 'prepared to take stronger action' on inflation

Calculated Risk Blog

Denver Real Estate: Activity Inventory up Sharply in March

Wall Street Journal

Fed's Brainard Says Reducing Elevated Inflation 'Is of Paramount Importance'

Eye on Housing

Rural Markets Home Building Market Shares in 2021

Calculated Risk Blog

CoreLogic: House Prices up 20% YoY in February

Calculated Risk Blog

ISM Services Index Increased to 58.3% in March

Calculated Risk Blog

Black Knight Mortgage Monitor for February: "Tightest affordability in 15 years"

Calculated Risk Blog

Update: Framing Lumber Prices: Down from Recent Peak, Up Triple from 2 Years Ago

Calculated Risk Blog

Housing Inventory April 4th Update: Inventory up 0.7% Week-over-week; Up 5.9% from Seasonal Bottom

Reuters

Euro zone bond yields rise, focus on monetary policy, Russia sanctions

Calculated Risk Blog

Trade Deficit Mostly Unchanged at $89.2 Billion in February

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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