September 26, 2022

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Mortgage Rate Watch

Mortgage Rates Now at 20-Year Highs

The most recent historical high water market for mortgage rates was "14 years." It was broken so many times in September that we officially declared it to be boring last Tuesday. Now, less than a week later, 14-year highs would be more ex... (read more)

MBS Commentary

Why do US Rates Suddenly Care About The UK?

Why do US Rates Suddenly Care About The UK? If you're just getting caught up, UK fiscal policy is probably at the center of the last few days of rate volatility. UK market fallout added to US rate drama... (read more)

Rob Chrisman

DPA, Correspondent, Fulfillment, Marketing Products; STRATMOR and Customer Experience; IMB Merger

The big news in the Chrisman household is my cat Myrtle being offered a big signing bonus by the family next door. Apparently, word of her mousing prowess has spread. Myrtle’s tight-lipped on the details, but I assume it involves line-caught halibut ... (read more)

Mortgage Rates

Mortgage Rates Now at 20-Year Highs

30 Yr. Fixed Rate

6.87% +0.17%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	6.87%	+0.17	0.00
15 Yr. Fixed	6.15%	+0.15	0.00
30 Yr. FHA	6.38%	+0.13	0.00
30 Yr. Jumbo	6.00%	+0.05	0.00
5/1 ARM	6.20%	+0.08	0.00
30 Yr. VA	6.40%	+0.15	0.00
Updates Daily - Last Update: 9/26

15 Yr. Fixed Rate

6.15% +0.15%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	6.29%	+0.27	0.90
15 Yr. Fixed	5.44%	+0.23	1.00
5/1 Yr. ARM	4.97%	+0.04	0.40
Updates Weekly - Last Update: 9/22

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	6.25%	+0.24	0.71
15 Yr. Fixed	5.40%	+0.10	1.06
30 Yr. Jumbo	5.79%	+0.23	0.46
Updates Weekly - Last Update: 9/21

MBS / Treasuries

Why do US Rates Suddenly Care About The UK?

UMBS 30YR 5.0

96.50 -1.59

Price / Yield	Change
MBS
UMBS 5.0	96.50	-1.59
UMBS 5.5	98.48	-1.47
GNMA 5.0	96.77	-1.69
GNMA 5.5	98.59	-1.42
Pricing as of: 9/26 5:41PM EST

10 Year US Treasury

3.9285 +0.2419

Price / Yield	Change
US Treasury
2 YR Treasury	4.345	+0.142
5 YR Treasury	4.199	+0.222
7 YR Treasury	4.112	+0.246
10 YR Treasury	3.929	+0.242
30 YR Treasury	3.747	+0.137
Pricing as of: 9/26 5:41PM EST

Latest Video

Powell's doom loop is spreading to other central banks, says Rockefeller In...

2-year Treasury reaches a fresh 15-year high

The Bank of England lags U.S. Fed policy, says Jim O'Neill

The 9am Bond Report - September 26, 2022

Around the Web

CNBC

Home purchase cancellations are above 15% for the second straight month. It's important to know the financial repercussions

Realtor.com

The U.S. Is Running Short of Land for Housing

Calculated Risk Blog

New Home Sales and Cancellations: Net vs Gross Sales

Calculated Risk Blog

Housing September 26th Update: Inventory Increased 0.9% Last Week; Hits New Peak for 2022

CNBC

Home purchase cancellations are above 15% for the second straight month. It's important to know the financial repercussions

CNBC

The 'real cure' for inflation has gone ignored, Steve Forbes says

Calculated Risk Blog

Four High Frequency Indicators for the Economy

wells fargo

Inflation and Higher Interest Rates Slowing Commercial Real Estate Activity

CNBC

Bank of England says its monitoring markets 'very closely' after pound falls to historic low

CNBC

Wharton's Siegel says Jerome Powell owes 'the American people an apology' for poor Fed policy

Reuters

Sterling crumbles to all-time low, euro at 20-year low

Reuters

Oil prices fall for a second day on concerns for expected recession

CNBC

Pound tanking, massive tax cuts and talk of emergency hikes. Here's what's going on in the UK

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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