July 21, 2022

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Mortgage Rate Watch

Mortgage Rates Hit 2 Week Lows

Thursday brought the much-anticipated policy announcement from the European Central Bank (ECB). While our focus remains on mortgage rates in an entirely different continent, major goings on in European markets almost always have an effect on th... (read more)

Rob Chrisman

Purchase Advice API, TBA Trading Tools; STRATMOR on Signing Bonuses; Webinars and Training to Finish July

Just because something is interesting doesn’t mean it’s important. The demand for mortgages hit a 22-year low, which is both. And here’s an observation that is both: Sometimes “Wall Street” types think they’re the smartest guys in the room but not al... (read more)

Mortgage Rates

Mortgage Rates Hit 2 Week Lows

30 Yr. Fixed Rate

5.69% -0.02%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.69%	-0.02	0.00
15 Yr. Fixed	4.95%	-0.02	0.00
30 Yr. FHA	5.22%	-0.03	0.00
30 Yr. Jumbo	4.82%	-0.02	0.00
5/1 ARM	5.45%	+0.01	0.00
30 Yr. VA	5.29%	-0.01	0.00
Updates Daily - Last Update: 7/21

15 Yr. Fixed Rate

4.95% -0.02%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.30%	-0.40	0.80
15 Yr. Fixed	4.45%	-0.38	0.80
5/1 Yr. ARM	4.19%	-0.31	0.40
Updates Weekly - Last Update: 7/7

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	5.82%	+0.08	0.59
15 Yr. Fixed	4.88%	-0.05	0.76
30 Yr. Jumbo	5.31%	+0.06	0.38
Updates Weekly - Last Update: 7/20

MBS / Treasuries

UMBS 30YR 4.5

100.50 +0.59

Price / Yield	Change
MBS
UMBS 4.5	100.50	+0.59
UMBS 5.0	101.72	+0.45
GNMA 4.5	101.02	+0.55
GNMA 5.0	101.84	+0.34
Pricing as of: 7/21 5:21PM EST

10 Year US Treasury

2.8766 -0.1537

Price / Yield	Change
US Treasury
2 YR Treasury	3.089	-0.146
5 YR Treasury	2.986	-0.181
7 YR Treasury	2.966	-0.177
10 YR Treasury	2.877	-0.154
30 YR Treasury	3.048	-0.117
Pricing as of: 7/21 5:21PM EST

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Around the Web

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Calculated Risk Blog

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Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers

Freddie Mac

Freddie Mac: Market Slowdown will Continue as High Rates and Prices Exacerbate Affordability Challenges

Calculated Risk Blog

Realtor.com Reports Weekly Inventory Up 29% Year-over-year

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June home sales fall 5.4% from May, as prices set yet another record

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Watch Christine Lagarde speak after the ECB surprises markets with larger rate hike

Eye on Housing

Home Building Construction Times Slow in 2021

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European Central Bank raises rates by 50 basis points, its first hike in 11 years

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U.S. Treasury yields nudge higher as traders assess growth outlook

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Wall Street Journal

ECB Being Pulled in Multiple Directions as It Preps First Rate Rise in Decade

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Italian PM Mario Draghi says he will resign after failing to revive his coalition government

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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