April 21, 2022

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Mortgage Rate Watch

Mortgage Rates Are Even Higher Than You've Been Told!

Thursday marks the weekly release of the industry's most widely cited mortgage rate survey. All manner of news outlets rely on the survey to generate once-a-week stories. Those have been especially popular recently, but only because bad n... (read more)

MBS Commentary

MBS Live Recap: Daly Upstages Powell in Today's Fed Drama

Daly Upstages Powell in Today's Fed Drama With both Fed Chair Powell and ECB President Lagarde scheduled to speak at the same venue this afternoon, markets were gearing up for the heads of the world's two big... (read more)

Rob Chrisman

TPO, CFPB Exam, Sales Tools; Marketing for Purchase Business; Millennial Homeowners

When you’re working from home, how interesting can next Thursday’s, April 28th, “Take Your Children to Work Day” be? WFH, or hybrid arrangements, is a continued concern for managers, and one of the informal topics in the hallways here in Memphis at T... (read more)

Mortgage Rates

Mortgage Rates Are Even Higher Than You've Been Told!

30 Yr. Fixed Rate

5.38% +0.11%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.38%	+0.11	0.40
15 Yr. Fixed	4.79%	+0.17	0.40
30 Yr. FHA	5.00%	+0.20	0.00
30 Yr. Jumbo	4.59%	+0.19	0.00
5/1 ARM	4.25%	+0.11	0.50
Updates Daily - Last Update: 4/21

15 Yr. Fixed Rate

4.79% +0.17%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.11%	+0.11	0.80
15 Yr. Fixed	4.38%	+0.21	0.80
5/1 Yr. ARM	3.75%	+0.06	0.30
Updates Weekly - Last Update: 4/21

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 Recap: Daly Upstages Powell in Today's Fed Drama

UMBS 30YR 4.0

99.31 -0.70

Price / Yield	Change
MBS
UMBS 4.0	99.31	-0.70
UMBS 4.5	101.58	-0.41
GNMA 4.0	99.84	-0.66
GNMA 4.5	101.72	-0.38
Pricing as of: 4/21 5:21PM EST

10 Year US Treasury

2.9076 +0.0736

Price / Yield	Change
US Treasury
2 YR Treasury	2.672	+0.097
5 YR Treasury	2.965	+0.104
7 YR Treasury	2.969	+0.090
10 YR Treasury	2.908	+0.074
30 YR Treasury	2.928	+0.054
Pricing as of: 4/21 5:21PM EST

Latest Video

U.S. economy is very strong, says Fed Chairman Jerome Powell

The 9am Bond Report - April 21, 2022

The 2pm Bond Report - April 21, 2022

Labor participation rate for women remains lower due to high costs of child...

Around the Web

CNBC

Powell says taming inflation 'absolutely essential,' and 50 basis point hike possible for May

Eye on Housing

Buyers Feeling Grim About Housing Affordability

Marketwatch

U.S. economy still growing, leading index shows, but more trouble spots emerge

Calculated Risk Blog

Final Look at Local Housing Markets in March and Housing Inventory Milestones to Watch

CNBC

Fed's Daly says the economy can handle rate hikes, but a mild recession is possible

RTT

Philly Fed Index Drops More Than Expected In April

Reuters

Bond yields resume rise, euro cheers Macron-Le Pen clash

Calculated Risk Blog

Hotels: Occupancy Rate Down 5.6% Compared to Same Week in 2019

CNBC

Treasury yields climb ahead of remarks by Fed Chair Powell

Bloomberg

BOE’s Mann Considering Case for Bigger U.K. Rate Rise Next Month

CNBC

Weekly jobless claims total 184,000, just above expectations in tight labor market

Reuters

BoE's Mann sees risk of persistent above-target inflation

Calculated Risk Blog

Weekly Initial Unemployment Claims Decrease to 184,000

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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