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.
Mortgage rates decreased 5 basis points while 10 Year US Treasuries had NO Change, thus spread decreased by 5bp to
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 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
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.
One month ago, mortgage rates were ~4.00% and income needed to qualify for a $100,000 loan was $20,500. Now, with
MORTGAGE RATES ARE NOW OVER 5.00% and increased 28 basis points to 5.20%. 28 bps was nearly a 3-sigma event
After a VERY UNUSUAL bout of 3 weeks of consecutive rate increases of 25+bps, mortgage rates increased 5 bps this past
Freddie Mac has weekly 30 Year mortgage rates going back to 1971. The highest rate was 19.18% and it occurred
For the week ending March 31, 2022, mortgage rates increased 25 bps to 4.87%. In the prior 3 weeks rates
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,