Currently, the 30-year fixed-rate mortgage is averaging 3.82%, roughly a two-year low, according to Freddie Mac.
This year, the 30-year fixed has averaged 4.31%, down from 4.54% in 2018.
Part of yield curve inverts as 3-month yield tops 10-year rate.
CONSUMER PRICE INDEX –DECEMBER 2018 The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis after being unchanged in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.9 percent before seasonal adjustment.
Bespoke examined what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, other spreads soon follow, and then a recession.
GM will cut salaried and salaried contract staff by 15%.
The 30-year fixed-rate mortgage averaged 4.94% in the Nov.15 week, unchanged during the week. The 15-year fixed-rate mortgage averaged 4.36%, up three basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.14%, also unchanged.
8 year high.
US Mortgage rates reach seven-year high.
In the news …
Security Description: VISALIA CA UNIF SCH DIST COPS UNDERLYING S&P A+
Insurance Desc: AGM
Interest Rate: 4.00%
Call Features: 5/1/2021 @ 100
Yield to Call: 3.285%
Yield to Maturity: 3.864%
“The 30-year fixed-rate mortgage averaged 4.04% during the week ending Jan. 18, Freddie Mac said Thursday, up from 3.99% in the prior week. The 15-year fixed-rate mortgage averaged 3.49%, also up five basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.46%, unchanged during the week.”