MBS Commentary

Jobs Report Not Strong Enough To Keep Sellers Selling

For weeks on end, it's been "sell first and ask questions later" for the bond market. Any econ data that's been at least halfway decent has been at risk of prompting additional selling. Last month's jobs report was particularly problemati... (read more)

Mortgage Rate Watch

Unprecedented Rate Volatility as Markets Ponder Next Big Move

It's a tremendously important and volatile time for the market and especially for interest rates. The biggest inflation surge in decades pushed rates to their highest levels in 14 years by mid June. Since then, there are signs that things... (read more)

Rob Chrisman

Lender Services and Software, Wholesale News; Strong August Payrolls Report

We have witnessed a change in our work environment. From the Central Coast of California, Jeff O. sent, “Yesterday I had convened a zoom meeting of major national programs that took two months to set up. I was disappointed when one of the key program... (read more)

Rate

Change

Points

Mortgage News Daily

30 Yr. Fixed

6.02%

-0.21

0.00

15 Yr. Fixed

5.29%

-0.09

0.00

30 Yr. FHA

5.32%

-0.23

0.00

30 Yr. Jumbo

5.12%

-0.08

0.00

5/1 ARM

6.00%

0.00

30 Yr. VA

5.38%

-0.24

0.00

Updates Daily - Last Update: 9/2

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

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

Price / Yield

Change

MBS

UMBS 4.5

99.47

+0.41

UMBS 5.0

100.98

+0.34

GNMA 4.5

100.17

+0.34

GNMA 5.0

101.48

+0.25

Pricing as of: 9/2 5:41PM EST

Price / Yield

Change

US Treasury

2 YR Treasury

3.396

-0.122

5 YR Treasury

3.298

-0.107

7 YR Treasury

3.279

-0.089

10 YR Treasury

3.195

-0.064

30 YR Treasury

3.348

-0.016

Pricing as of: 9/2 5:41PM EST