MBS Commentary

MBS Live Morning: More Evidence For a Sideways Range

By last Friday, not only had the bond market seen a 2-week improvement for the first time all year, but the ground covered during those 2 weeks was bigger than any other 2 week period going back to the start of the pandemic. That's the good new... (read more)

Mortgage Rate Watch

Mortgage Rates Moving Up to Start New Week

Mortgage rates are coming off their best 2 weeks in quite some time--a feat that sounds more impressive than it is by the time we consider the precursors. Namely, the improvement in rates was heavily dependent on vastly bigger movement in the s... (read more)

Rob Chrisman

LO Sales Tools, CFPB Oversight, Processing, Rehab Products; Updates From Fannie

I recently opened my slang dictionary to the page that defined the origin of, “Different ways to skin a cat” and left it near my cat Myrtle’s water bowl. She didn’t seem interested. Which is fine. Lenders probably interested in that either, instead m... (read more)

Rate

Change

Points

Mortgage News Daily

30 Yr. Fixed

5.36%

+0.01

0.40

15 Yr. Fixed

4.79%

+0.01

0.40

30 Yr. FHA

5.00%

0.00

30 Yr. Jumbo

4.75%

+0.01

0.00

5/1 ARM

4.50%

-0.02

0.50

Updates Daily - Last Update: 5/23

Rate

Change

Points

Freddie Mac

30 Yr. Fixed

5.25%

-0.02

0.90

15 Yr. Fixed

4.43%

-0.09

0.90

5/1 Yr. ARM

4.08%

+0.12

0.20

Updates Weekly - Last Update: 5/19

Mortgage Bankers Assoc.

30 Yr. Fixed

5.49%

-0.04

0.74

15 Yr. Fixed

4.73%

-0.06

0.82

30 Yr. Jumbo

5.03%

-0.05

0.61

Updates Weekly - Last Update: 5/18

Price / Yield

Change

MBS

UMBS 4.0

99.63

-0.34

UMBS 4.5

101.28

-0.31

GNMA 4.0

100.50

-0.28

GNMA 4.5

101.70

-0.23

Pricing as of: 5/23 5:21PM EST

Price / Yield

Change

US Treasury

2 YR Treasury

2.625

+0.038

5 YR Treasury

2.875

+0.069

7 YR Treasury

2.895

+0.072

10 YR Treasury

2.857

+0.069

30 YR Treasury

3.062

+0.069

Pricing as of: 5/23 5:21PM EST