US 10 Year Treasury Rates Decreased 9 BPS
Inflation improved in April, and as such the Yield Curve dropped particularly for longer-term rates this past week
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Inflation improved in April, and as such the Yield Curve dropped particularly for longer-term rates this past week
Mortgage rates decreased 15 basis points, while 10 Year US Treasuries decreased 9 bps, thus spread decreased by 6 bps to 258 bps or 90 bps ABOVE the 168 bps average.
Total 4 quarter return for March 31st, 2022 attained a RECORD HIGH of 21.9% but look out for rising 10 Year US
10 Year US Treasury rates remain unchanged for the week ending May 19th, 2022. The short-term yield curve remains steep.
Mortgage rates decreased 5 basis points while 10 Year US Treasuries had NO Change, thus spread decreased by 5bp to
Inflation data for the month of April had some encouraging results. As such the 10 Year US Treasury rates decreased 21bps
A 3-bps increase is a $2 a month payment increase for a $100,000 loan. That is a $0.06 (six cents) a day increase. Rates are virtually unchanged.
On May 4th the Feds increased the Fed Funds rate by 50 bps AND curtailed their Taper Program holdings of
Mortgage rates have increased 20 bps while 10 Year US Treasuries have also increased by 20 bps, thus the spread
Existing homes Sales continue to pull back due to record low available homes for sale and due to increasing interest
When coronavirus first impacted the United States in March 2020, sales of NEW homes immediately stalled but quickly recovered as
The Yield Curve has had slight changes this past week (the red line is current, and the green is last week). The Yield Curve is virtually flat for 5+ years and the inversion is BACK.
MORTGAGE RATES ARE NOW WELL ABOVE 5.00% and decreased 1 bps to 5.30%. For a $100,000 loan, the monthly payment decreased by $1 to $555 which is equal to $0.02 a day.
With the STEEP short-term portion of the Yield Curve, the Fed can increase Fed Funds by nearly 200 bps and yet have no changes in longer-term Treasuries (ie 5+ years). The result can still have a “normal” shaped Yield Curve. In fact, a Yield Curve shape is very similar to the pre-COVID-19 Yield Curve.
10 Year US Treasury rates increased 7 bps for the week ending April 14th, 2022. 1 & 5 Year Treasuries