Mortgage Rates

What Will Impact Treasury and Mortgage Rates?

This Week’s Data that Could Impact Treasury and Mortgage Rates are monthly updates and Weekly data on Unemployment Claims–Wednesday and Mortgage rates—Thursday. The 10-year Treasury increased by 19 base points on September …

Mortgage Rates Now Headed to 7.0%

Existing Homes Sales continue to decline (see blue line) due to rising mortgage rates, higher home prices (although prices have declined slightly), and relatively few homes for sale.  August’s sales are the …

Home Buying Has Spiked But for How Long?

As new home sales spiked in August, months of inventory dropped. Speculation as to why the increase in buying New homes buyers could be anticipating mortgage rates will go even …

Rates Have Risen Again; What Does This Mean For The Economy?

Mortgage rates are back on the rise today. Borrowers looking for a 30-year fixed-rate mortgage will find rates over 6.52%. 30-Year Mortgage Rates Mortgage rates INCREASE 30 bps to 6.52% …

Mortgage Rates Up Slightly – What is the Fed’s Next Move?

Mortgage rates INCREASE 21 bp to 6.07% for the week ending September 8th, 2022. For a $100,000 loan, the monthly payment INCREASED from $13 to $604/mo. or $0.44/day. 30-Year Mortgage …

Jobs Report Strong Despite Unemployment Rate

The new jobs report was announced this morning with 311,000 new jobs added to the labor market this quarter, (pre-COVID was 180k-200k) which is strong despite the unemployment rate increasing …

Mortgage Rates Increase to 5.75% – Where is The Tread Headed?

Mortgage rates INCREASE 42 bps to 5.75% for the week ending August 25th, 2022. For a $100,000 loan, the monthly payment INCREASED $26 to $584/mo. or $0.88/day. 30-Year Mortgage Rates …

Data that Could Impact Treasury and Mortgage Rates

WEEKLY: Unemployment claims are available each Wednesday. They have been increasing since the Fed announced its intention to increase interest rates to address inflation concerns. As the weekly claim filings …

Good News! Mortgage Rates Decrease to 5.33%

Mortgage rates DECREASE 7 bps to 5.33% for the week ending August 18th, 2022. For a $100,000 loan, the monthly payment DECREASED by $4 to $557/mo. or $0.13/day. 30-Year Mortgage …

Mortgage Rates Up Slightly to 5.40%

Mortgage rates INCREASE 21 basis points to 5.40%. For a $100,000 loan, the monthly payment INCREASED by $13 to $561/mo. or $0.42/day. 30-Year Mortgage Rates While mortgage rates INCREASED 21bp, …

Mortgage Rates Lower to 5.19%

Mortgage rates decreased 31 basis points to 5.19%. For a $100,000 loan, the monthly payment decreased $19 per month to $548/mo. or $0.64/day. That is a significant savings. While the …

Mortgage Rates Decrease to 5.50%

For the week ending 7.28.22 Mortgage rates decreased 24bp to 5.50%. For a $100,000 loan the monthly payment decreased $15 to $583/mo. or $0.50/day. 30-Year Mortgage Rates While mortgage rates …

Mortgage Rates Rise But Will Anyone Feel The Effects?

Mortgage Rates Today Mortgage rates increased 3 basis points this week to 5.74% down from a high of 6.01% in June 2022. To put this increase into perspective, for a …

Mortgage Rates Continue to Decrease

For the week ending 7.7.22 Mortgage rates decreased 43 bps to 5.50%. For a $100,000 loan the monthly payment decreased $27 to $568/mo. or $19/day. 30 Year Mortgage Rates While …

Mortgage Rates Decreased to 5.93%. Are Rates Stabilizing?

For the week ending 6.30.22 Mortgage rates decreased 8 bps to 5.93%. For a $100,000 loan, the monthly payment decreased by $6 to $595 which is equal to around $20 …

Will Mortgage Rates Continue To Rise?

Mortgage rates remained at 6.01% for the week ending June 23rd, 2022, while 10 Year US Treasuries DECREASED by19 basis points, thus the spread increased by 19 bps to 292 …

Feds Raise Rates to 6.01% – Will This Help Control Inflation?

Mortgage rates increased 55 basis points while 10 Year US Treasuries INCREASED 24 basis points, thus spread increased by 28 bps to 273 bps or 105 bps ABOVE the 168 bps …

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 10 days.  In addition, 1-year US Treasuries are up 54 bps. This …

How Will Surging Treasury Rates Effect Mortgage Rates?

Mortgage rates increased 17 basis points while the 10 Year US Treasuries INCREASED 12 bps (in the prior week the 10-year Treasury increased 17 bps), thus spread increased by 4 …

Mortgage Rates Decrease By 3 BPS

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.

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

Mortgage Rates Decreased to 5.33%

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.  

Mortgage Rates Decreased 5 BPS to 5.48%

Mortgage rates decreased 5 basis points while 10 Year US Treasuries had NO Change, thus spread decreased by 5bp to 264bp or 96bp ABOVE the 168bp average. 30 Year Mortgage Rates …

Mortgage Rates Increased 3 BPS to 5.53%

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.

Mortgage Rates Rise to 5.50%

Mortgage rates have increased 20 bps while 10 Year US Treasuries have also increased by 20 bps, thus the spread remained at 245 bps. As predicted, at the May 4th …

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