August 29, 2022

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Mortgage Rate Watch

Mortgage Rates Jump Back up to 2-Month Highs

Mortgage rates managed to breathe a decent sigh of relief last Friday as the bond market remained fairly calm despite stock market weakness following Fed Chair Powell's Jackson Hole Speech. Mortgage lenders had been pricing defensively ahead of... (read more)

MBS Commentary

Jackson Hole Follow-Through or Something Else?

Jackson Hole Follow-Through or Something Else? Last Friday's Jackson Hole speech was the subject of a fair amount of speculation and and anticipation in advance. Some thought it would be a total non-eve... (read more)

Rob Chrisman

Servicing Products; Marketing; Appraisal, Sales Tools; FHA and VA News; Fed Chatter Continues

Remember a few years ago when lender’s IT departments were thinking that blockchain was the answer to… whatever problem they thought it would answer? Every day blockchain talk has died down, perhaps because its application to residential lending is c... (read more)

Mortgage Rates

Mortgage Rates Jump Back up to 2-Month Highs

30 Yr. Fixed Rate

5.95% +0.22%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.95%	+0.22	0.00
15 Yr. Fixed	5.25%	+0.15	0.00
30 Yr. FHA	5.30%	+0.18	0.00
30 Yr. Jumbo	5.05%	+0.13	0.00
5/1 ARM	5.95%	+0.02	0.00
30 Yr. VA	5.35%	+0.20	0.00
Updates Daily - Last Update: 8/29

15 Yr. Fixed Rate

5.25% +0.15%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.13%	-0.09	0.80
15 Yr. Fixed	4.55%	-0.04	0.70
5/1 Yr. ARM	4.39%	-0.04	0.30
Updates Weekly - Last Update: 8/18

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	5.65%	+0.20	0.68
15 Yr. Fixed	5.01%	+0.14	0.84
30 Yr. Jumbo	5.28%	+0.14	0.58
Updates Weekly - Last Update: 8/24

MBS / Treasuries

Jackson Hole Follow-Through or Something Else?

UMBS 30YR 4.5

99.77 -0.20

Price / Yield	Change
MBS
UMBS 4.5	99.77	-0.20
UMBS 5.0	101.20	-0.09
GNMA 4.5	100.31	-0.17
GNMA 5.0	101.48	-0.05
Pricing as of: 8/29 5:41PM EST

10 Year US Treasury

3.1136 +0.0839

Price / Yield	Change
US Treasury
2 YR Treasury	3.431	+0.049
5 YR Treasury	3.262	+0.070
7 YR Treasury	3.218	+0.085
10 YR Treasury	3.114	+0.084
30 YR Treasury	3.248	+0.059
Pricing as of: 8/29 5:41PM EST

Latest Video

A serious drop in prices would not cause the Fed to pause rate hikes, says ...

Fed Chair Powell finally sent markets the right message, says Mohamed El-Er...

The 9am Bond Report - August 29, 2022

Powell's 'hawkish' Jackson Hole speech hammers the markets

Around the Web

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Fewer Americans say they are living paycheck to paycheck as inflation begins to ease

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Full Text of Powell's Jackson Hole Speech

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Q3 GDP Forecasts: Around 1%

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Fed's preferred inflation measure shows price pressures eased in July

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Share of Non-Conventional Financing Down in 2021

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St. Louis Fed’s Bullard: Front loading shows you’re serious about fighting inflation

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U.S. Treasury yields move higher ahead of Powell speech

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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