May 5, 2022

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MBS Commentary

MBS Live Morning: Big, Ugly Morning For Bonds (And Stocks)

Solid Fed day and solid rally in response yesterday... Now today, it's not just a complete 180°, but a 180° plus more insult to injury as yields surge to new long-term highs. Money has flooded out of both sides of the market prompting dis... (read more)

Rob Chrisman

Lender&Broker Products; Mergers and Acquisitions: Black Knight Worth Twice as Much as Yankees?

Life is complicated. Take the Black Knight purchase by ICE. Some vendors are out there licking their chops at their company’s valuation while others are fearing for their future as “the big boys” become formidable. Taxes? The latest headline is abo... (read more)

Mortgage Rates

Mortgage Rates Started Higher, But Improved After Fed Announcement

30 Yr. Fixed Rate

5.62% +0.12%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.62%	+0.12	0.40
15 Yr. Fixed	4.90%	+0.02	0.40
30 Yr. FHA	5.19%	+0.07	0.00
30 Yr. Jumbo	4.75%	+0.04	0.00
5/1 ARM	4.69%	+0.04	1.00
Updates Daily - Last Update: 5/5

15 Yr. Fixed Rate

4.90% +0.02%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.27%	+0.17	0.90
15 Yr. Fixed	4.52%	+0.12	0.80
5/1 Yr. ARM	3.96%	+0.18	0.20
Updates Weekly - Last Update: 5/5

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	5.36%	-0.01	0.63
15 Yr. Fixed	4.68%	0.00	0.76
30 Yr. Jumbo	4.92%	+0.03	0.43
Updates Weekly - Last Update: 5/4

MBS / Treasuries

MBS Live Morning: Big, Ugly Morning For Bonds (And Stocks)

UMBS 30YR 4.0

99.05 -0.56

Price / Yield	Change
MBS
UMBS 4.0	99.05	-0.56
UMBS 4.5	101.27	-0.53
GNMA 4.0	99.81	-0.59
GNMA 4.5	101.67	-0.39
Pricing as of: 5/5 5:21PM EST

10 Year US Treasury

3.0424 +0.0963

Price / Yield	Change
US Treasury
2 YR Treasury	2.714	+0.059
5 YR Treasury	3.012	+0.086
7 YR Treasury	3.068	+0.093
10 YR Treasury	3.042	+0.096
30 YR Treasury	3.121	+0.081
Pricing as of: 5/5 5:21PM EST

Latest Video

The bond market is being disrespectful to the Fed, says BMO's Brian Belski

Economist Judy Shelton reacts to Fed's key interest rate decision

The 2pm Bond Report - May 5, 2022

Biggest Worry For Small Businesses: Inflation

Around the Web

CNBC

Labor productivity fell 7.5% in the first quarter, the fastest rate since 1947

CNBC

Why the market is taking Powell's 'soft-ish' economic language so hard: Former Fed official Roger Ferguson

CNBC

More Americans than ever say it's not a good time to buy a home

CNBC

Fed raises rates by half a percentage point the biggest hike in two decades to fight inflation

Calculated Risk Blog

Weekly Initial Unemployment Claims Increase to 200,000

Calculated Risk Blog

MBA: "Mortgage Delinquencies Decrease in the First Quarter of 2022"

Calculated Risk Blog

April Employment Preview

CNBC

Bank of England hikes interest rates to 13-year high in bid to fight spiraling inflation

Calculated Risk Blog

Lawler: Mortgage/Treasury Spreads, Part I

Reuters

Investor pessimism mounts as more Fed rate hikes loom

Calculated Risk Blog

ISM Services Index Decreased to 57.1% in April, Employment Contracted

Calculated Risk Blog

Trade Deficit increased to $109.8 Billion in March

Calculated Risk Blog

ADP: Private Employment Increased 247,000 in April

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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