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.






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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