Housing – U.S. Existing Home Sales and 30-Year Mortgage Rate This chart shows the correlation between U.S. existing home sales and the 30-year mortgage rate (inverted), and suggests further improvements in sales. Image : Piper Sandler Companies
U.S. Mortgage Rates and New Home Sales The decline in mortgage rates has given a strong boost to new home sales. Image: Macrobond
U.S. Monthly Average 30-Year Fixed Mortgage Rates Keep in mind that mortgage costs are influenced by the 10-year Treasury yield. 30-year mortgage rates = 1.739 x (10-year treasury yield)² + 0.7755 x (10-year treasury yield) + 0.0227(R² = 0.9787) You may also like “30-Year Mortgage Rates vs. 10-Year Treasury Yield.” Image: Leonard Kiefer
30-Year Mortgage Rates vs. 10-Year Treasury Yield There is a very high correlation between the 30-year mortgage rates and the 10-year treasury yield 30-year mortgage rates = 1.739 x (10-year treasury yield)² + 0.7755 x (10-year treasury yield) + 0.0227 R² = 0.9787 Image: Calculated Risk
US Long-Term Mortgage Rates Decline: 30-Year Average 4.10% & 15-Year Average 3.57% Why US long-term mortgage rates decline? Mortgage costs are influenced by the 10-year Treasury yield which was lower this week, because the trade war between the United States and China pushes investors moving money from stocks to bonds. Bond yields fall as prices rise.…
Delinquency – U.S. Unemployment Rate and Mortgage Loans Past Due The rising unemployment rate in the United States should increase the delinquency rate. Image: Oxford Economics
U.S. 10-Year Treasury Yield and Mortgages Rates U.S. treasury yields and mortgage rates aren’t following the usual pattern over the last 6 weeks (R² = 0.93). Image: Macrobond Financial
What are the Average Interest Rates for Fixed-Rate Mortgages Since the Great Recession? Keep in mind that mortgage lending is down, because there aren’t enough houses on the market to meet demand and the increase in rates does not help either since 2017. However, the decline in interest rates since the end of 2018, helps…
Delinquency Rate of Student Loans since 2003 The delinquency rate of student loans is higher than credit card delinquency, auto loans and mortgages. The main reason is that the interest rate on student loans can be very high. Image: Federal Reserve Bank of New York
U.S. Housing Starts by Decade Currently, lower mortgage rates are boosting U.S. housing starts, but this decade will see the lowest number of housing units started in six decades.