MBS Commentary

MBS Live Morning: Jobs Report Overlooked as Bonds Consolidate at Defensive Levels

The jobs report is traditionally the most important piece of economic data on any given month. It's even had the power to move the bond market as recently as early 2022 despite the labor market being cemented as a star performer. Now this... (read more)

Mortgage Rate Watch

Why Some Rate Quotes Are So Different And Why "Points" Are On The Rise

It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? There’s a correct answer and then there’s the answer that can be gleaned from widespread media coverag... (read more)

Rob Chrisman

Loss Mitigation, Text Messaging, Jumbo ARM, Custom NFT, MSR Financing Products; Strong Jobs Data

Here’s a stream of consciousness paragraph for you. “Rob, what are you hearing about companies laying off, furloughing, right-sizing, whatever, employees to cut costs while at the same time paying $500-$1000 to nominate one of their employees for som... (read more)

Rate

Change

Points

Mortgage News Daily

30 Yr. Fixed

5.64%

+0.02

0.40

15 Yr. Fixed

4.91%

+0.01

0.40

30 Yr. FHA

5.20%

+0.01

0.00

30 Yr. Jumbo

4.75%

0.00

5/1 ARM

4.68%

-0.01

1.00

Updates Daily - Last Update: 5/6

Rate

Change

Points

Freddie Mac

30 Yr. Fixed

5.27%

+0.17

0.90

15 Yr. Fixed

4.52%

+0.12

0.80

5/1 Yr. ARM

3.96%

+0.18

0.20

Updates Weekly - Last Update: 5/5

Mortgage Bankers Assoc.

30 Yr. Fixed

5.36%

-0.01

0.63

15 Yr. Fixed

4.68%

0.00

0.76

30 Yr. Jumbo

4.92%

+0.03

0.43

Updates Weekly - Last Update: 5/4

Price / Yield

Change

MBS

UMBS 4.0

98.61

-0.48

UMBS 4.5

100.88

-0.42

GNMA 4.0

99.48

-0.44

GNMA 4.5

101.33

-0.41

Pricing as of: 5/6 5:21PM EST

Price / Yield

Change

US Treasury

2 YR Treasury

2.737

+0.025

5 YR Treasury

3.081

+0.074

7 YR Treasury

3.156

+0.095

10 YR Treasury

3.140

+0.106

30 YR Treasury

3.235

+0.116

Pricing as of: 5/6 5:21PM EST