1 & 5 Year Treasuries up 17 BPS
10 Year US Treasury rates increased 7 bps for the week ending April 14th, 2022. 1 & 5 Year Treasuries
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10 Year US Treasury rates increased 7 bps for the week ending April 14th, 2022. 1 & 5 Year Treasuries
One month ago, mortgage rates were ~4.00% and income needed to qualify for a $100,000 loan was $20,500. Now, with
10 Year US Treasury rates increased 17 basis points for the week ending April 14th, 2022 (48 bps for the past
MORTGAGE RATES ARE NOW OVER 5.00% and increased 28 basis points to 5.20%. 28 bps was nearly a 3-sigma event
The Consumer Price Index (CPI) for March 2022 data was released on April 12th, 2022 and year-over-year levels came in
For the 7-day period ending April 7th, 2022, 10-Year Treasury rates increased 31 bps while mortgage rates were up 5 bps. This caused the net spread to Decrease from 25 bps to 58 bps ABOVE the normal spread of 168 bps. Bond investors are trying to get ahead of the Fed’s future moves. Rates ROCKET up and feather down.
Energy costs and Used car price spike are causing choppiness in the month to month data. Below is energy costs. The GREAT news is the spike outlier of 5.0 for March 2021 will drop off.
Existing homes, Sales, and Price Appreciation over the past 8 months have been relatively flat and that is BEFORE the
Freddie Mac has weekly 30 Year mortgage rates going back to 1971. The highest rate was 19.18% and it occurred
10-year US Treasury rates declined 2 bps this past week while Mortgage rates increased 25 bps. Thus, the spread increased
Some 70% of the US economy is driven by Consumer Spending. Consumer spending depends on many, many factors with some
As the Feds raise rates to fight inflation, will it cause the price of Gas or Used Car Prices to
10 year US Treasuries were up 14 bps this past week vs 26 bps for Mortgages. Thus the spread increased
Rates rocket up and feather down. Right now it is and will continue into the foreseeable future—it is rocket time,
Mortgage rates increased 31 bps this past week to 4.36%. The Fed increased rates 25 bps on March 15th, 2022,