John Hoye
HoyeHomeTeam - Berkshire Hathaway Agents
M: (860) 983-0875
www.hoyehometeam.com
970 Farmington Ave
West Hartford Connecticut 06107
Ask Me a Question
UMBS 6.0
99.11 -0.33
10 YR TREAS
4.709 +0.067
GNMA 6.0
100.06 -0.19
30 YR Fixed
7.52% +0.13%
15 YR Fixed
6.91% +0.08%
4/25 10:59:57AM EST : Delayed Data : National Average Rates

Another Move to Long Term Lows 'Just Because'

Wednesday, October 19, 2022

Another Move to Long Term Lows 'Just Because'

Today began with more upward pressure on yields, apparently due to a higher-than-expected inflation report in the UK.  That jived with much of the recent analysis which gives plenty of credit to UK market volatility for spilling over to the US.  A closer look at this week's US vs UK yields shows a breakdown in the recent correlation--one in which US yields are continuing higher while UK yields are recovering.  We were left with explanations so unsatisfying that they may as well be filed under "just because." 

Latest Video Analysis

Another Move to Long Term Lows 'Just Because'.mp4

Today's Mortgage Rates
30YR Fixed 7.22% +0.07% 15YR Fixed 6.55% +0.17% 10/19/2022
Mortgage Rates Sneak By Without Much Change
Mortgage rates were generally unchanged today, but not without plenty of volatility in between.  Mortgage lenders would prefer to set their rates once per day in a perfect world, allowing the bond market an hour or two of active trading and then locking in their rate offerings around 10am Eastern time.  When bonds end up experiencing volatility, lenders are forced to "re-price" to higher or lower rates.  The average day of volatility tends to see those repri...   READ MORE
Recent Housing News
Read My Latest Newsletter
20 Year High Rates as Inflation Persists. Any Hope in Sight?
10/14/2022 9:09PM
Unsurprisingly, the market remains intently focused on inflation as the key driver of Fed policy and rate volatility. This week, the biggest inflation report combined with more UK market drama to push rates to another 20yr high. The UK doesn't typically factor into our assessment of market movement in the US, but the past 3 weeks have been a notable exception.  The following chart sho... READ MORE
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John Hoye
HoyeHomeTeam - Berkshire Hathaway Agents
M: (860) 983-0875
www.hoyehometeam.com
970 Farmington Ave
West Hartford Connecticut 06107
Ask Me a Question
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Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.