FRM Update

April 16, 2018



MBS yield spreads versus Treasuries tightened, as Treasury yields rose across the curve.  15-year mortgage rates rose 4bps last week, continuing the trend higher this year, while 30-year mortgage rates were unchanged. Mortgage applications fell as both purchase and refinance applications declined for the second consecutive week.  Refinance activity continues to be historically low and range-bound, driven lower by increasing mortgage rates in 2018.

 

MBS

 





CMOs

 

Mortgage Rates and Refinance Activity

 

 



James Plunkett

Director of Investment Product Strategies

Vining Sparks



Dan Stimpson, CPA

Senior Vice President

Vining Sparks

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