June 23, 2022

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Mortgage Rate Watch

No, Rates Are Actually MUCH Lower This Week

Most of today's mortgage rate headlines suggest that rates are higher this week. Nothing could be farther from the truth. Well, a few things could be, but the point is that rates are definitely quite a bit lower than they were last week.&... (read more)

Rob Chrisman

Title, Lead Conversion, MSR, POS, QC Products; STRATMOR piece on Tech; Wholesalers and TPO Investors

Crypto and blockchain technologies have some valid applications but when it’s just for investment, there are tons of scams. (And what would we do for passwords if it weren’t for our pets?) Since the dawn of history people have been trying to take thi... (read more)

Mortgage Rates

No, Rates Are Actually MUCH Lower This Week

30 Yr. Fixed Rate

5.75% -0.13%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.75%	-0.13	0.00
15 Yr. Fixed	5.12%	-0.22	0.00
30 Yr. FHA	5.25%	-0.15	0.00
30 Yr. Jumbo	4.95%	-0.04	0.00
5/1 ARM	5.30%	+0.05	0.00
30 Yr. VA	5.75%	+0.25	0.00
Updates Daily - Last Update: 6/23

15 Yr. Fixed Rate

5.12% -0.22%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.78%	+0.55	0.90
15 Yr. Fixed	4.81%	+0.43	0.90
5/1 Yr. ARM	4.33%	+0.21	0.30
Updates Weekly - Last Update: 6/16

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	5.98%	+0.33	0.77
15 Yr. Fixed	5.05%	+0.26	0.86
30 Yr. Jumbo	5.49%	+0.24	0.45
Updates Weekly - Last Update: 6/22

MBS / Treasuries

UMBS 30YR 4.5

99.97 +0.23

Price / Yield	Change
MBS
UMBS 4.5	99.97	+0.23
UMBS 5.0	101.72	+0.27
GNMA 4.5	101.08	+0.19
GNMA 5.0	102.13	+0.25
Pricing as of: 6/23 5:21PM EST

10 Year US Treasury

3.0907 -0.0692

Price / Yield	Change
US Treasury
2 YR Treasury	3.015	-0.048
5 YR Treasury	3.143	-0.091
7 YR Treasury	3.157	-0.087
10 YR Treasury	3.091	-0.069
30 YR Treasury	3.206	-0.043
Pricing as of: 6/23 5:21PM EST

Latest Video

Fed Chair Powell explains why he wants to get inflation back down to 2%

The 2pm Bond Report - June 23, 2022

The 9am Bond Report - June 23, 2022

Recession likelihood is not elevated, says Fed Chair Jerome Powell

Around the Web

Calculated Risk Blog

New Home Sales and Cancellations

Calculated Risk Blog

Realtor.com Reports Weekly Inventory Up 21% Year-over-year

Marketwatch

U.S. stocks bounce in choppy trade after Powell outlines challenges to Fed’s soft landing plan

Reuters

Fed's Bowman calls for steep rate hikes to fight inflation

CNBC

Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation

Calculated Risk Blog

Weekly Initial Unemployment Claims at 229,000

Calculated Risk Blog

Final Look at Local Housing Markets in May, Inventory Up, Sales Down, New Listings Picking Up

Federal Reserve

Bowman, The Outlook for Inflation and MonetaryPolicy

CNBC

U.S. Treasury yields edge higher as market participants await economic data, auctions

CNBC

Powell tells Congress the Fed is 'strongly committed' to bringing inflation down

Reuters

European stocks skid on gloomy business activity data, commodity weakness

Calculated Risk Blog

Fed Chair Powell: Semiannual Monetary Policy Report to the Congress

Calculated Risk Blog

AIA: "Architecture Billings Index slows but remains strong" in May

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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