September 6, 2022

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Mortgage Rate Watch

Rates Blast Back Up Toward Long Term Highs

As we discussed last week, there is unprecedented volatility in mortgage rates at the moment. It's not that we're seeing record setting swings from day to day. Rather, it's the consistency with which we're seeing exceptionally large swing... (read more)

MBS Commentary

Rate Rout Gets Ugly Thank to Corporates, Data, and Fed Fear

Steady Afternoon Leaves Steep AM Losses Intact Today's recap could just as easily be this morning's commentary. Little changes after the initial rout that took Treasuries and MBS to their weakest levels... (read more)

Rob Chrisman

Capital Markets; Appraisal, Self-Employed, Digital Products; September Packed With Events and Training

Now that we have passed the unofficial end of summer, am I allowed or not allowed to wear white on Zoom calls before 2023’s Memorial Day? Maybe darker-hued clothing better suits the current mortgage landscape. Labor Day became an official holiday in ... (read more)

Mortgage Rates

Rates Blast Back Up Toward Long Term Highs

30 Yr. Fixed Rate

6.25% +0.23%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	6.25%	+0.23	0.00
15 Yr. Fixed	5.40%	+0.11	0.00
30 Yr. FHA	5.55%	+0.23	0.00
30 Yr. Jumbo	5.20%	+0.08	0.00
5/1 ARM	6.00%	0.00	0.00
30 Yr. VA	5.62%	+0.24	0.00
Updates Daily - Last Update: 9/6

15 Yr. Fixed Rate

5.40% +0.11%

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	5.80%	+0.15	0.71
15 Yr. Fixed	5.10%	+0.09	0.82
30 Yr. Jumbo	5.32%	+0.04	0.48
Updates Weekly - Last Update: 8/31

MBS / Treasuries

Rate Rout Gets Ugly Thank to Corporates, Data, and Fed Fear

UMBS 30YR 4.5

98.69 -0.78

Price / Yield	Change
MBS
UMBS 4.5	98.69	-0.78
UMBS 5.0	100.36	-0.63
GNMA 4.5	99.50	-0.67
GNMA 5.0	101.06	-0.42
Pricing as of: 9/6 5:41PM EST

10 Year US Treasury

3.3512 +0.1562

Price / Yield	Change
US Treasury
2 YR Treasury	3.507	+0.112
5 YR Treasury	3.454	+0.156
7 YR Treasury	3.433	+0.154
10 YR Treasury	3.351	+0.156
30 YR Treasury	3.500	+0.152
Pricing as of: 9/6 5:41PM EST

Latest Video

Housing market slows as mortgage rates hit 6.25%

Falling gas and housing prices, give us confidence inflation is falling, sa...

August's ISM services come in at 56.9; the best read since April

The 2pm Bond Report - September 6, 2022

Around the Web

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The Sharp Slowdown in Year-over-year House Price Growth

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Shift for Homes Built in Low-Density and Low-Cost Markets Since the Pandemic

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CoreLogic: House Prices up 15.8% YoY in July

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ISM Services Index Increased to 56.9% in August

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U.S. Treasury yields rise as investors await economic data, auctions

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OPEC+ output cut is mostly a 'political snub' and sends symbolic message, analysts say

Calculated Risk Blog

Lawler: Are National Home Prices Already Falling?

CNBC

One in five home sellers is now dropping their asking price as the housing market cools

Reuters

Fed seen sticking to interest rate hikes even as unemployment rises

CNBC

Why China's central bank is shoring up the yuan

Calculated Risk Blog

Q3 GDP Forecasts: Just Over 1%

Calculated Risk Blog

Comments on August Employment Report

Calculated Risk Blog

Heavy Truck Sales Decline Slightly in August; Still Solid

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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