April 19, 2022

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MBS Commentary

MBS Live Morning: More New Multi-Year Highs For Rates

Another day, another brutal sell-off with little by way of compelling justification. This one may actually be more simple than it seems at first glance. European bond markets have been closed since Thursday and have had some catch-up to d... (read more)

Rob Chrisman

Non-QM, DPA, Jumbo News; Training, Servicing, Marketing, Dashboard Tools; 10-Year Approaching 3 Percent

As the nation ruminates on the court ruling on the mandatory mask mandate, remember, “You do not need a parachute to skydive. You only need a parachute to skydive twice.” It is a safe bet that the Federal Reserve will raise short term rates more than... (read more)

Mortgage Rates

Rates Jump Back Up to Match Multi-Year Highs

30 Yr. Fixed Rate

5.35% +0.10%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.35%	+0.10	0.40
15 Yr. Fixed	4.65%	+0.11	0.40
30 Yr. FHA	4.87%	+0.08	0.00
30 Yr. Jumbo	4.44%	+0.04	0.00
5/1 ARM	4.09%	+0.06	0.50
Updates Daily - Last Update: 4/19

15 Yr. Fixed Rate

4.65% +0.11%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.00%	+0.28	0.80
15 Yr. Fixed	4.17%	+0.26	0.90
5/1 Yr. ARM	3.69%	+0.13	0.30
Updates Weekly - Last Update: 4/14

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: More New Multi-Year Highs For Rates

UMBS 30YR 4.0

99.55 -0.48

Price / Yield	Change
MBS
UMBS 4.0	99.55	-0.48
UMBS 4.5	101.63	-0.33
GNMA 4.0	100.44	-0.48
GNMA 4.5	102.30	-0.27
Pricing as of: 4/19 5:21PM EST

10 Year US Treasury

2.9420 +0.0854

Price / Yield	Change
US Treasury
2 YR Treasury	2.600	+0.154
5 YR Treasury	2.922	+0.133
7 YR Treasury	2.964	+0.106
10 YR Treasury	2.942	+0.085
30 YR Treasury	2.993	+0.047
Pricing as of: 4/19 5:21PM EST

Latest Video

We may see 50 to 75 basis point hikes, says Wells Fargo Advisor's Mark Smit...

March housing starts up 0.3% to 1.793 million units, tops estimates

The 9am Bond Report - April 19, 2022

Mercedes-Benz unveils its first new fully-electric SUV, the EQS

Around the Web

reut

Fed's Evans sees year-end rates at 2.25%-2.5%, and then likely higher

Calculated Risk Blog

Lawler: CoreLogic Home Purchases by Non-Investors and Investors

Calculated Risk Blog

March Housing Starts: Most Housing Units Under Construction Since 1973

Realtor.com

Homeowner Groups Seek to Stop Investors From Buying Houses to Rent

Calculated Risk Blog

March Existing Home Sales Forecast and 4th Look at Local Housing Markets

CNBC

Homebuilder sentiment drops for fourth straight month, as rising rates push housing to 'an inflection point'

CNBC

Natural gas drops 10%, pulls back from more than 13-year high

Eye on Housing

Single-Family Permits Weaken in March

Calculated Risk Blog

Four High Frequency Indicators for the Economy

Calculated Risk Blog

Housing Inventory April 18th Update: Inventory up 3.7% Week-over-week; Up 12.3% from Seasonal Bottom

CNBC

Treasury yields dip, but 10-year rate holds above 2.86%

Calculated Risk Blog

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 1.05% in March"

Eye on Housing

Remodeling Market Remains Stable Year-over-Year

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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