August 4, 2022

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Mortgage Rate Watch

Critical Cliff's Notes For Today's Mortgage Rate News (We're Not Below 5% Anymore)

Regular readers are all too familiar with my fairly regular habit of explaining discrepancies between reality and the typical mortgage rate headlines on Thursdays. What's up with Thursday? That's when Freddie Mac releases its weekly mortg... (read more)

Rob Chrisman

Quality Control, API, Non-QM, HELOC Products; OpenDoor Penalty; Two Harbors/RoundPoint Deal

“Senility has been a smooth transition for me.” So quipped an attendee here at the Michigan Mortgage Lenders Association conference in Grand Rapids. The aging mortgage banker workforce continues to be a concern around the nation, but there are certai... (read more)

Mortgage Rates

Critical Cliff's Notes For Today's Mortgage Rate News (We're Not Below 5% Anymore)

30 Yr. Fixed Rate

5.09% -0.41%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.09%	-0.41	0.00
15 Yr. Fixed	4.50%	-0.22	0.00
30 Yr. FHA	4.70%	-0.30	0.00
30 Yr. Jumbo	4.62%	-0.03	0.00
5/1 ARM	5.38%	-0.02	0.00
30 Yr. VA	4.75%	-0.30	0.00
Updates Daily - Last Update: 8/4

15 Yr. Fixed Rate

4.50% -0.22%

Rate	Change	Points
Freddie Mac
30 Yr. Fixed	5.30%	-0.40	0.80
15 Yr. Fixed	4.45%	-0.38	0.80
5/1 Yr. ARM	4.19%	-0.31	0.40
Updates Weekly - Last Update: 7/7

Rate	Change	Points
Mortgage Bankers Assoc.
30 Yr. Fixed	5.74%	-0.08	0.61
15 Yr. Fixed	4.95%	+0.07	0.67
30 Yr. Jumbo	5.32%	+0.01	0.43
Updates Weekly - Last Update: 7/27

MBS / Treasuries

UMBS 30YR 4.0

100.39 +0.11

Price / Yield	Change
MBS
UMBS 4.0	100.39	+0.11
UMBS 4.5	101.56	+0.11
GNMA 4.0	100.98	+0.13
GNMA 4.5	101.73	+0.09
Pricing as of: 8/4 5:21PM EST

10 Year US Treasury

2.6955 -0.0109

Price / Yield	Change
US Treasury
2 YR Treasury	3.047	-0.022
5 YR Treasury	2.796	-0.034
7 YR Treasury	2.759	-0.027
10 YR Treasury	2.696	-0.011
30 YR Treasury	2.975	+0.023
Pricing as of: 8/4 5:21PM EST

Latest Video

Cleveland Fed's Loretta Mester still sees Fed funds rate going above four

The 2pm Bond Report - August 4, 2022

Initial jobless claims climb to 260,000, in line with expectations

The 9am Bond Report - August 4, 2022

Around the Web

CNBC

Equifax coding error caused millions of inaccurate credit scores. How to know if you are affected

Reuters

Fed's Mester sees policy rate above 4%, hikes through mid-2023

Reuters

Fed's Daly: 3.4% a 'reasonable place' to get to by year end on rates

CNBC

Weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report

Calculated Risk Blog

How Much will the Fannie & Freddie Conforming Loan Limit Increase for 2023?

Calculated Risk Blog

Denver Real Estate in July: Sales Off 31.6% YoY, Inventory Up 81.5%

Eye on Housing

Housing Share of GDP Edges Lower in the Second Quarter of 2022

CNBC

Bank of England launches biggest interest rate hike in 27 years as inflation soars

Calculated Risk Blog

Trade Deficit decreased to $79.6 Billion in June

Eye on Housing

Banks Report Unchanged Home Lending Standards

CNBC

U.S. Treasury yields move lower off the back of positive economic data

Calculated Risk Blog

July Employment Preview

Calculated Risk Blog

ISM Services Index Increased to 56.7% in July, Employment Contracted

Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc.

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