Category: Fed

• November 4, 2022
• no comment
• realestatelife

The average mortgage rate should be around 6% today and not 7% if the normal spread is applied. A monthly mortgage payment of $1,799 versus $1,996 on a $300,000 loan. Historically the spread between 10-year Treasury bond yields and 30-year mortgage is 170 basis points. Today it is over 300 basis points. The only other

• August 9, 2023
• no comment
• realestatelife

WRAP UPUMBS 5.5: 99.08 (+11bps)10yr yield: 4.01CPI data at 8:30am ET tomorrow. Markets expect higher number than June, so unless MUCH higher I don’t think way we will see too much of a negative response but there is definitely a possibility. If shelter costs and core CPI show more improvement than expected we could see

• August 8, 2023
• no comment
• realestatelife

WRAP UPUMBS 5.5: 98.73 (-16bps)10yr yield: 4.03 Mtg bonds bouncing around through the day, but not enough to see lenders reprice worse. Not a lot of risk floating into tomorrow. Rates sheets this morning will improve, and reprice risk on the day is low. Bonds here and abroad got a big boost overnight from soft