October 17, 2022

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MBS Commentary

Technically Stronger But it Feels Weaker

Technically Stronger But it Feels Weaker Bonds began the day in stronger territory with overnight support coming most overtly from a surge lower in UK bond yields. Things changed after the 9:30am NYSE o... (read more)

Rob Chrisman

Warehouse, Processing, Homeowner Insurance Products; Jumbo and Non-QM News; Credit Suisse MBS Settlement

There’s a splendid joke about the definition of an economist being someone who “will know tomorrow why the things they predicted yesterday didn't happen today.” Everyone’s warning everyone about everything these days: Recessions, plagues, housing col... (read more)

Mortgage Rates

20 Year High Rates as Inflation Persists. Any Hope in Sight?

30 Yr. Fixed Rate

7.12% -0.04%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	7.12%	-0.04	0.00
15 Yr. Fixed	6.33%	-0.07	0.00
30 Yr. FHA	6.60%	-0.02	0.00
30 Yr. Jumbo	6.08%	-0.02	0.00
5/1 ARM	6.32%	-0.03	0.00
30 Yr. VA	6.62%	0.00	0.00
Updates Daily - Last Update: 10/17

15 Yr. Fixed Rate

6.33% -0.07%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	6.92%	+0.26	0.80
15 Yr. Fixed	6.09%	+0.19	1.10
5/1 Yr. ARM	5.81%	+0.45	0.20
Updates Weekly - Last Update: 10/13

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	6.81%	+0.06	0.97
15 Yr. Fixed	6.12%	+0.16	1.30
30 Yr. Jumbo	6.25%	+0.11	0.61
Updates Weekly - Last Update: 10/12

MBS / Treasuries

Technically Stronger But it Feels Weaker

UMBS 30YR 5.0

96.44 +0.28

Price / Yield	Change
MBS
UMBS 5.0	96.44	+0.28
UMBS 5.5	98.56	+0.30
GNMA 5.0	97.13	+0.30
GNMA 5.5	99.19	+0.09
Pricing as of: 10/17 5:41PM EST

10 Year US Treasury

4.0125 -0.0100

Price / Yield	Change
US Treasury
2 YR Treasury	4.450	-0.046
5 YR Treasury	4.232	-0.037
7 YR Treasury	4.141	-0.032
10 YR Treasury	4.013	-0.010
30 YR Treasury	4.019	+0.026
Pricing as of: 10/17 5:41PM EST

Latest Video

Now is the time to get into bonds because inflation is peaking, says Garcia...

The 9am Bond Report - October 17, 2022

Potential home buyers are cautious about buying as mortgage rates top 7%

New UK finance minister signals further mini-budget reversals

Around the Web

Calculated Risk Blog

Some "Good News" for Homebuilders

Eye on Housing

Single-Family Permits Decline in August 2022

Brookings Inst.

4 key takeaways from the September CPI report

Calculated Risk Blog

Housing October 17th Weekly Update: Inventory Increased, New High for 2022

Calculated Risk Blog

Four High Frequency Indicators for the Economy

CNBC

Bank of America CEO says latest spending and savings data show that the U.S. consumer is healthy

CNBC

Treasury yields decline as investors assess the impact of inflation on markets

CNBC

UK's new finance minister scraps almost all planned tax cuts in bid to appease markets

CNBC

Explosions hit central Kyiv amid kamikaze drone strikes; heavy fighting rages in two hot spots in eastern Ukraine

Calculated Risk Blog

Q3 GDP Tracking: Moving on Up

CNBC

Consumer spending was flat in September and below expectations as inflation takes toll

Calculated Risk Blog

Hotels: Occupancy Rate Down 3.5% Compared to Same Week in 2019

Calculated Risk Blog

Retail Sales Unchanged in September

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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