30-Year Mortgage Rates vs. 10-Year Treasury Yield

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%

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.…

Bond Flows

Bond Flows Flows into mortgage-backed securities and bank loans are strong, signaling a robust market demand for these investment instruments. Image: Deutsche Bank Asset Allocation

U.S. Housing Market – MBA Purchase Index

U.S. Housing Market – MBA Purchase Index Mortgage applications in the U.S. continue to decline due to a combination of high interest rates and elevated home prices, resulting in a 28-year low. Image: The Daily Shot

U.S. Fixed Rate CMBS Index Price

U.S. Fixed Rate CMBS Index Price Commercial mortgage-backed securities prices are currently at their lowest since October 2009. Image: BofA Global Investment Strategy

Housing Market – U.S. MBA Purchase Index

Housing Market – U.S. MBA Purchase Index Mortgage applications are on a downward trend as mortgage rates rise, which is a major factor in the slowdown in the U.S. housing market. Image: BofA Global Investment Strategy

U.S. Existing Home Sales

U.S. Existing Home Sales High mortgage rates do not bode well for existing home sales in the United States. Image: BofA Global Research

Fed MBS Holdings and FHFA House Price Index

Fed MBS Holdings and FHFA House Price Index Despite a strong U.S. housing market, the Federal Reserve continues to buy mortgage-backed securities (MBS). Image: BofA Global Investment Strategy