MBS Commentary

MBS Live Morning: What Are Bonds Watching Between Inflation Reports?

For those that prefer not to overcomplicate things, the current bond market environment can be summed up with one quick concept: rates have broadly leveled off after the fastest/largest spike since the 80s. We know inflation is the key con... (read more)

Mortgage Rate Watch

Mortgage Rates Remain Elevated vs Last Week

Mortgage rates jumped higher at a fairly quick pace during the first 2 days of the week (in this case, Tue/Wed due to Memorial Day holiday). Today brought a bit of relief, but not much. The average lender is still roughly a quarter of a p... (read more)

Rob Chrisman

Aged Asset, Servicing, Compliance, Non-Agency Products; Employment Data and Rates

If you see me talking to myself, just move along. I'm self-employed, and we're having a staff meeting. Self-employed borrowers are certainly a target of non-QM lenders around the nation. Non-bank lenders continue to grapple with 2nd mortgage program ... (read more)

Rate

Change

Points

Mortgage News Daily

30 Yr. Fixed

5.43%

-0.04

0.40

15 Yr. Fixed

4.79%

-0.03

0.40

30 Yr. FHA

4.82%

+0.02

0.00

30 Yr. Jumbo

4.70%

-0.01

0.00

5/1 ARM

4.55%

+0.07

0.50

30 Yr. VA

4.90%

0.00

Updates Daily - Last Update: 6/2

Rate

Change

Points

Freddie Mac

30 Yr. Fixed

5.10%

-0.15

0.90

15 Yr. Fixed

4.31%

-0.12

0.80

5/1 Yr. ARM

4.20%

+0.12

0.30

Updates Weekly - Last Update: 5/26

Mortgage Bankers Assoc.

30 Yr. Fixed

5.33%

-0.13

0.51

15 Yr. Fixed

4.72%

0.00

0.63

30 Yr. Jumbo

4.93%

-0.09

0.41

Updates Weekly - Last Update: 6/1

Price / Yield

Change

MBS

UMBS 4.0

99.97

+0.30

UMBS 4.5

101.63

+0.28

GNMA 4.0

100.95

+0.30

GNMA 4.5

102.14

+0.31

Pricing as of: 6/2 5:21PM EST

Price / Yield

Change

US Treasury

2 YR Treasury

2.632

-0.016

5 YR Treasury

2.909

-0.007

7 YR Treasury

2.947

-0.008

10 YR Treasury

2.911

0.000

30 YR Treasury

3.080

+0.017

Pricing as of: 6/2 5:21PM EST