July 11, 2022

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Rob Chrisman

Bank Statement, BI, Marketing, MERS Review Tools; Fannie and Freddie on Credit and New Fees

Did you know that 4 out of 3 people have trouble with math? I do too, as suggested by my capital markets background, but I know enough to understand that “free is free,” and today is National Free Slurpee Day. 7-11… Get it? (I also understand that a ... (read more)

Mortgage Rates

Don't Trust This Week's Mortgage Rate Headlines! (Except This One)

30 Yr. Fixed Rate

5.77% -0.07%

Rate	Change	Points
Mortgage News Daily
30 Yr. Fixed	5.77%	-0.07	0.00
15 Yr. Fixed	5.00%	-0.04	0.00
30 Yr. FHA	5.25%	-0.10	0.00
30 Yr. Jumbo	4.82%	-0.03	0.00
5/1 ARM	5.33%	-0.17	0.00
30 Yr. VA	5.35%	-0.05	0.00
Updates Daily - Last Update: 7/11

15 Yr. Fixed Rate

5.00% -0.04%

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%	-0.10	0.65
15 Yr. Fixed	4.96%	-0.10	0.68
30 Yr. Jumbo	5.28%	-0.14	0.44
Updates Weekly - Last Update: 7/6

MBS / Treasuries

UMBS 30YR 4.5

100.22 +0.25

Price / Yield	Change
MBS
UMBS 4.5	100.22	+0.25
UMBS 5.0	101.69	+0.19
GNMA 4.5	100.95	+0.22
GNMA 5.0	101.91	+0.14
Pricing as of: 7/11 5:21PM EST

10 Year US Treasury

2.9983 -0.0820

Price / Yield	Change
US Treasury
2 YR Treasury	3.076	-0.029
5 YR Treasury	3.059	-0.063
7 YR Treasury	3.074	-0.075
10 YR Treasury	2.998	-0.082
30 YR Treasury	3.178	-0.074
Pricing as of: 7/11 5:21PM EST

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Around the Web

CNBC

Homebuyers are canceling deals at the highest rate since the start of the pandemic

Calculated Risk Blog

Housing Inventory July 11th Update: Up 32% Year-over-year

Calculated Risk Blog

Homebuilder Comments in June: Someone turned out the lights on our sales in June!"

Fed's Bullard: Solid US economy can handle rising rates

Reuters

Oil drops on China COVID worries

Reuters

Inflation fatigue? Bond investors latch on to disinflation

Black Knight

Black Knights June 2022 Originations Market Monitor

Calculated Risk Blog

Five High Frequency Indicators for the Economy

CNBC

Another hot inflation report and the start of earnings season make for a challenging week ahead

CNBC

Treasury yields ease lower ahead of inflation data later this week

Calculated Risk Blog

Apartment Vacancy Rate Declined in Q2

CNBC

Number of Americans involuntarily working part-time falls by 707,000 to 3.6 million, lowest level in 21 years

Calculated Risk Blog

Q2 GDP Forecasts: Slightly Negative

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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