MBS Commentary

Supportive Start And a Closer Look at 2.91%

Summertime trading is detectably different from the rest of the year. Volume and liquidity are a bit lighter. Counterintuitive moves are more common. And there's a risk of a bit more volatility than events justify. Thursd... (read more)

Mortgage Rate Watch

Reconciling Recently Irrational Rate Movement (It's Actually Rational!)

Markets and mortgage rates are currently trying to reconcile the big narratives that have accounted for most of the movement in 2022. In one corner we have inflation and the forces trying to fight it. In the other, we have the economic fallout fr... (read more)

Rob Chrisman

DSCR, Credit Union, Subservicer Oversight Products; News From Wholesalers; Home Point Earnings

Loan officers who’d like to learn a thing or two about the current prospecting environment are invited to listen in today at 2PM CT/noon PT as Steve Richman discusses how LO’s activities are much more important than near-term results, database manage... (read more)

Rate

Change

Points

Mortgage News Daily

30 Yr. Fixed

5.33%

+0.06

0.00

15 Yr. Fixed

4.65%

+0.07

0.00

30 Yr. FHA

4.72%

+0.04

0.00

30 Yr. Jumbo

4.70%

+0.02

0.00

5/1 ARM

5.50%

+0.05

0.00

30 Yr. VA

4.75%

0.00

Updates Daily - Last Update: 8/12

Rate

Change

Points

Freddie Mac

30 Yr. Fixed

5.30%

-0.40

0.80

15 Yr. Fixed

4.45%

-0.38

0.80

5/1 Yr. ARM

4.19%

-0.31

0.40

Updates Weekly - Last Update: 7/7

Mortgage Bankers Assoc.

30 Yr. Fixed

5.74%

-0.08

0.61

15 Yr. Fixed

4.95%

+0.07

0.67

30 Yr. Jumbo

5.32%

+0.01

0.43

Updates Weekly - Last Update: 7/27

Price / Yield

Change

MBS

UMBS 4.0

99.75

+0.20

UMBS 4.5

101.06

+0.19

GNMA 4.0

100.66

+0.19

GNMA 4.5

101.56

+0.19

Pricing as of: 8/12 5:41PM EST

Price / Yield

Change

US Treasury

2 YR Treasury

3.251

+0.024

5 YR Treasury

2.965

-0.027

7 YR Treasury

2.915

-0.038

10 YR Treasury

2.842

-0.047

30 YR Treasury

3.114

-0.067

Pricing as of: 8/12 5:41PM EST