March 27, 2023

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Mortgage Rate Watch

Mortgage Rates Moving Back Up From 6 Week Lows

Mortgage rates hit their lowest levels in just over 6 weeks on Friday as investors braced for bad news in the banking sector. Such fears tend pull money out of the stock market and into bonds. Excess bond demand means lower rates, all oth... (read more)

MBS Commentary

Bonds Buyers Back Off as Banks Bounce

Bonds Buyers Back Off as Banks Bounce Bank health continues to dominate the news cycle with investors buying bonds when things look shaky and selling when days go by without new drama. In addition ... (read more)

Rob Chrisman

Lead Source, Sales, Home Equity, Lien Release Products; FHA, VA, USDA, HUD News; Sterling and the DOJ

“Once you lick the frosting off of a cupcake, it becomes a muffin. And muffins are healthy. You’re welcome.” Adding another expense to a transaction is certainly not welcome, yet that’s exactly what was voted into effect by residents of Los Angeles C... (read more)

Mortgage Rates

30 Yr. Fixed Rate

6.54% +0.16%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	6.54%	+0.16	0.00
15 Yr. Fixed	5.98%	+0.11	0.00
30 Yr. FHA	5.90%	+0.20	0.00
30 Yr. Jumbo	5.98%	+0.03	0.00
5/1 ARM	6.52%	+0.07	0.00
30 Yr. VA	5.95%	+0.20	0.00
Updates Daily - Last Update: 3/27

15 Yr. Fixed Rate

5.98% +0.11%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	6.42%	-0.18	0.00
15 Yr. Fixed	5.68%	-0.22	0.00
Updates Weekly - Last Update: 3/23

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	6.48%	-0.23	0.66
15 Yr. Fixed	6.02%	-0.12	0.60
30 Yr. Jumbo	6.30%	-0.09	0.55
Updates Weekly - Last Update: 3/22

MBS / Treasuries

UMBS 30YR 5.0

99.44 -0.66

Price / Yield	Change
MBS
UMBS 5.0	99.44	-0.66
UMBS 5.5	100.78	-0.44
GNMA 5.0	99.80	-0.69
GNMA 5.5	100.97	-0.45
Pricing as of: 3/27 5:31PM EST

10 Year US Treasury

3.5336 +0.1616

Price / Yield	Change
US Treasury
2 YR Treasury	3.999	+0.232
5 YR Treasury	3.595	+0.187
7 YR Treasury	3.573	+0.173
10 YR Treasury	3.534	+0.162
30 YR Treasury	3.763	+0.119
Pricing as of: 3/27 5:31PM EST

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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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