Alert – Mortgage Rates to Break 6.00%
10 Year US Treasury rates are up 39 basis points. This will cause mortgage rates to exceed 6.00% in the next
Menu
Every Thursday
Every Thursday
4th Friday of month
3rd week of month
1st & 2nd week of month
3rd & 4th week of month
Quarterly
Ad Hoc
10 Year US Treasury rates are up 39 basis points. This will cause mortgage rates to exceed 6.00% in the next
The Consumer Price Index (CPI) for May 2022 data was released today and the year-over-year increase from 8.3% to 8.6%.
Week ending June 9, 2022: 10 Year US Treasury rates increased 12 bps which will put upward pressure on this
Mortgage rates increased 17 basis points while the 10 Year US Treasuries INCREASED 12 bps (in the prior week the
10 Year US Treasury rates increased 17 basis points for the week ending June 2nd, 2022. This will put upward pressure
At the start of 2022 mortgage rates increased FASTER than the 10-year Treasury rates. This past week the 10 Year treasury rates increased 17 bps while Mortgage rates decreased by 3 bps thus a 20 bps decrease in spread occurred.
Nearly 4 years ago in November 2018 mortgage rates briefly went about 5.00% and sales of New Homes stalled, and
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