June 14, 2022

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MBS Commentary

MBS Live Morning: READ THIS!!! New Rules For Choosing an MBS Coupon

***REQUIRED READING for anyone who doesn't fully understand why the 4.5 UMBS coupon is far better to follow than the 5.0 intraday (for now).*** The morning commentary is typically focused on market movement and broader bond market considerations f... (read more)

Rob Chrisman

AMC, Lender Wanted; Sales, Compliance, Non-QM, Processing Tools; VA Program Primer

While we await FEMA to declare the Yellowstone area a disaster (page down and spend 40 seconds watching the video) is “niches to riches” the new informal slogan of loan officers? LOs are certainly watching how higher interest rates have already impac... (read more)

Mortgage Rates

Mortgage Rates Surge Well Into the 6% Range After One of The Worst Days in Decades

30 Yr. Fixed Rate

6.28% +0.10%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	6.28%	+0.10	0.40
15 Yr. Fixed	5.45%	+0.07	0.00
30 Yr. FHA	5.75%	0.00	1.00
30 Yr. Jumbo	5.25%	+0.20	0.00
5/1 ARM	5.50%	+0.20	0.50
30 Yr. VA	5.87%	0.00	1.00
Updates Daily - Last Update: 6/14

15 Yr. Fixed Rate

5.45% +0.07%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.10%	-0.15	0.90
15 Yr. Fixed	4.31%	-0.12	0.80
5/1 Yr. ARM	4.20%	+0.12	0.30
Updates Weekly - Last Update: 5/26

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	5.33%	-0.13	0.51
15 Yr. Fixed	4.72%	0.00	0.63
30 Yr. Jumbo	4.93%	-0.09	0.41
Updates Weekly - Last Update: 6/1

MBS / Treasuries

MBS Live Morning: READ THIS!!! New Rules For Choosing an MBS Coupon

UMBS 30YR 4.5

98.20 -0.47

Price / Yield	Change
MBS
UMBS 4.5	98.20	-0.47
UMBS 5.0	100.13	-0.23
GNMA 4.5	99.84	-0.30
GNMA 5.0	101.59	-0.16
Pricing as of: 6/14 5:21PM EST

10 Year US Treasury

3.4733 +0.1116

Price / Yield	Change
US Treasury
2 YR Treasury	3.435	+0.068
5 YR Treasury	3.594	+0.112
7 YR Treasury	3.578	+0.126
10 YR Treasury	3.473	+0.112
30 YR Treasury	3.425	+0.071
Pricing as of: 6/14 5:21PM EST

Latest Video

Compass and Redfin announce layoffs amid slowing home sales

The Fed certainly could raise rates by 75 bps but I expect it's still 50 bp...

The Fed is entirely focused on crushing inflation, says JPMorgan's Michael ...

The 2pm Bond Report - June 14, 2022

Around the Web

CNBC

Real estate firms Compass and Redfin announce layoffs as housing market slows

Calculated Risk Blog

BLS: PPI increased 0.8% in May; Core PPI increased 0.5%

Calculated Risk Blog

Comparing the Current Housing Market to the 1978 to 1982 period

Wall Street Journal

Inflation Reports Raise Odds of 0.75-Percentage-Point Interest-Rate Rise

Calculated Risk Blog

Housing Inventory June 13th Update: Inventory up 15.9% Year-over-year

CNBC

Options traders bet on corporate bond breakdown

CNBC

10-year Treasury yield falls after biggest move since March 2020; investors await key Fed meeting

CNBC

Wholesale prices rose 10.8% in May, near a record annual pace

Calculated Risk Blog

2nd Look at Local Housing Markets in May, New Listings picking up

CNBC

Real estate firms Compass and Redfin announce layoffs as housing market slows

CNBC

Expectations for inflation and spending hit record levels in May, New York Fed survey shows

Reuters

Inflation Fears Grip Markets as Bonds, Stocks Extend Selloff

Fannie Mae

Fannie Mae Introduces New Refinance Application-Level Index (RALI)

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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