Early Learn on Current Dwelling Gross sales in October


by Calculated Threat on 11/17/2023 01:16:00 PM

At present, within the CalculatedRisk Actual Property E-newsletter: Lawler: Early Read on Existing Home Sales in October

Excerpt:

Chart of the Week:  Mortgage Charges Comply with MBS Yields, Not 10-Yr Treasury Yields

For an evidence of “why”, see Lawler: Update on Mortgage/Treasury Spreads

From Tom Lawler:

Mortgage Rate vs. MBS Spread30 Yr FRM: Optimum Blue Typical Conforming 30-year Fastened-Fee Mortgage the place LTV<=80% and FICO>740.

CC MBS Yield: Yield on notional par company 30-year MBS

Be aware: there may be some “spurious” volatility within the mortgage spreads as a result of Optimum Blue measures fee lock exercise all through the day whereas the MBS and Treasury yields replicate late afternoon yields.

There may be way more within the submit.  You’ll be able to subscribe at https://calculatedrisk.substack.com/

Leave a Reply

Your email address will not be published. Required fields are marked *