September 8, 2022

Download our Mobile App:

Download our Mobile App:

MBS Commentary

Bonds Close Weaker After Early Volatility and Late-Day Illiquidity

Bonds Close Weaker After Early Volatility and Late-Day Illiquidity As has been the case for so many afternoons of late, bonds traded in a narrower range than the one seen during the AM hours. Today's AM... (read more)

Mortgage Rate Watch

Mortgage Rates Steady to Slightly Higher

It was an interesting day for mortgage rates due to the timing of movement in the underlying bond market. Bond prices/yields are the primary ingredients used by mortgage lenders to set rates. Volatility in the bond market drives day to da... (read more)

Rob Chrisman

Natural Disasters, Employment Opportunities, Vendor Services; Weekly Jobless Claims

California is currently going through a heat wave (Sacramento set a temperature record on Tuesday at 116°), taxing the state's power grid as energy demand breaks records and power officials request homeowners to turn down their air conditioning. A br... (read more)

Mortgage Rates

Mortgage Rates Steady to Slightly Higher

30 Yr. Fixed Rate

6.01% -0.11%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	6.01%	-0.11	0.00
15 Yr. Fixed	5.29%	-0.03	0.00
30 Yr. FHA	5.40%	-0.10	0.00
30 Yr. Jumbo	5.08%	-0.02	0.00
5/1 ARM	5.96%	+0.01	0.00
30 Yr. VA	5.45%	-0.07	0.00
Updates Daily - Last Update: 9/8

15 Yr. Fixed Rate

5.29% -0.03%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.66%	+0.11	0.80
15 Yr. Fixed	4.98%	+0.13	0.80
5/1 Yr. ARM	4.51%	+0.15	0.40
Updates Weekly - Last Update: 9/1

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	5.94%	+0.14	0.79
15 Yr. Fixed	5.23%	+0.13	0.86
30 Yr. Jumbo	5.46%	+0.14	0.40
Updates Weekly - Last Update: 9/7

MBS / Treasuries

Bonds Close Weaker After Early Volatility and Late-Day Illiquidity

UMBS 30YR 4.5

98.91 -0.27

Price / Yield	Change
MBS
UMBS 4.5	98.91	-0.27
UMBS 5.0	100.58	-0.25
GNMA 4.5	99.61	-0.28
GNMA 5.0	101.13	-0.28
Pricing as of: 9/8 5:41PM EST

10 Year US Treasury

3.3227 +0.0554

Price / Yield	Change
US Treasury
2 YR Treasury	3.512	+0.073
5 YR Treasury	3.428	+0.068
7 YR Treasury	3.409	+0.061
10 YR Treasury	3.323	+0.055
30 YR Treasury	3.477	+0.061
Pricing as of: 9/8 5:41PM EST

Latest Video

The ECB is overreacting with a 75 basis point rate hike, says Lazard's Pete...

The 2pm Bond Report - September 8, 2022

European Central Bank raises interest rates by 75 basis points

The 9am Bond Report - September 8, 2022

Around the Web

Bloomberg

Fed’s Evans Sees Another Jumbo Rate Hike on Table in September

CNBC

Fed Chair Powell vows to raise rates to fight inflation 'until the job is done'

Calculated Risk Blog

"Wholesale Used-Vehicle Prices Decline Substantially in August"

Calculated Risk Blog

Homebuilder Comments in August: Increased Incentives Helping Sales, "Construction cycle time has improved"

Reuters

Fed's Mester warns high rents mean inflation may not yet have peaked

Calculated Risk Blog

Fed's Beige Book: "Residential real estate conditions weakened noticeably as home sales fell in all twelve Districts"

Eye on Housing

Modular and Other Non-Site Built Housing In 2021

Calculated Risk Blog

Weekly Initial Unemployment Claims decrease to 222,000

cnbc

European Central Bank raises rates by 75 basis points to tackle soaring inflation

Eye on Housing

AD&C Loan Balances Rise as Sales Slow

CNBC

Watch Fed Chair Jerome Powell speak live in a Q&A at the Cato Institute

CNBC

Bond yields largely steady following Wall Street's best day in nearly a month

CNBC

European markets set to rebound after Wall Street rally; ECB 'jumbo' rate hike a possibility

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.

This email was sent to: newsletter@newslettercollector.com. Go here to UNSUBSCRIBE from this email.