Summary: Bay Area mortgage interest rates rose by a couple of
basis points this week, settling at 3.45 % for a 30 - year loan.
This seems to be the trend over the last few weeks that lenders have been dropping their 5 Year Fixed Rates by approximately 10
basis points each week.
The 10 - year Treasury yield also rose, climbing 4
basis points this week.»
The broad market fund was up 85
basis points this week, against a disappointing 25 bp loss for the S&P.
«The 10 - year Treasury yield jumped eight
basis points this week while the 30 - year mortgage rate rose three basis points to 4.05 percent,» says Sean Becketti, chief economist at Freddie Mac.
The average 30 - year fixed mortgage rate slumped seven
basis points this week to 4.23 percent, the steepest drop in more than two months, according to Freddie Mac's recently released Primary Mortgage Market Survey ® (PMMS ®).
«The 10 - year Treasury yield rose about 10
basis points this week,» Becketti says.
The spread between the 30 - year fixed mortgage and 5/1 Hybrid ARM is just 58
basis points this week, the lowest spread since November of 2012.»
As expected, the Federal Reserve Bank raised its benchmark short - term rate by 25
basis points this week to a range of 0.75 percent to 1.0 percent.
«The 10 - year Treasury yield fell five
basis points this week.
«The 10 - year Treasury yield fell 3
basis points this week,» says Sean Becketti, chief economist, Freddie Mac.
«Following last week's sharp decline, the 10 - year Treasury yield rose three
basis points this week,» says Sean Becketti, chief economist at Freddie Mac.
«Following a sharp decline last week, the 10 - year Treasury yield rose 11
basis points this week,» says Sean Becketti, chief economist at Freddie Mac.
«After holding relatively flat last week, the 10 - year Treasury yield fell four
basis points this week,» says Sean Becketti, chief economist at Freddie Mac.
The 10 - year Treasury yield also rose, climbing 4
basis points this week.»
«Following a sharp decline last week, the 10 - year Treasury yield rose 11
basis points this week.
The spread between the 30 - year fixed mortgage and the 5/1 Hybrid ARM rate was 59
basis points this week, down 43 basis points from earlier this year.
«The 10 - year Treasury yield increased more than 10
basis points this week,» says Sean Becketti, Freddie Mac's chief economist.
«The 10 - year Treasury yield continued its upward trend, rising 7
basis points this week,» says Freddie Mac chief economist Sean Becketti.
The 30 - year fixed - rate mortgage rose 1
basis point this week and averaged 4.45 percent, according to Freddie Mac.
Not exact matches
That has prompted investors to take another look at the widening interest rate differential trends between the United States and Europe which hit the highest in nearly 30 years at 236
basis points last
week, and protracted weakness in the greenback.
Case in
point: In mid-September, three
weeks before Morneau tabled his rules, credit reporting agency TransUnion estimated that hundreds of thousands of Canadians carrying variable rate subprime mortgages could be significantly impacted by interest rate increases of even 25
basis points.
The yield on the U.S. 10 - year Treasury note added roughly 60
basis points this year, topping the 3 percent mark this
week for the first time in four years.
Even before Wednesday's decision, five of the country's largest banks hiked five - year fixed rates 15
basis points to 5.14 per cent last
week.
Last
week, Bernstein analyst Toni Sacconaghi cut his fiscal - year earnings - per - share estimate for Apple
based on his team's analysis of supply - chain companies that «increasingly
point [ed] to weakness.»
Last
week, Bernstein analyst Toni Sacconaghi cut his fiscal - year earnings - per - share estimate for Apple
based on his team's analysis of supply chain companies that «increasingly
point [ed] to weakness.»
Poland's 10 - year government bond yield rose 7
basis points to 3.14 percent, its highest level in four
weeks, rising more than U.S. and German yields which it often tracks.
If this process sounds too tedious, you can also make a
point of assessing your to - do list a couple of times a
week to see how much bandwidth you have and,
based on that assessment, decide whether you can take on helping others at that time.
In Asia, the Reserve Bank of India (RBI) cut its key repo rate by 25
basis points to 7.75 percent on January 15, more than two
weeks before its scheduled meeting, catching markets by surprise.
The Hungarian forint was the strongest emerging European currency this
week, losing only 40
basis points.
This
week the average interest rate on 1 - year CDs rose to 0.42 percent, 1
basis point higher than it was last
week.
In the past six
weeks of 2015, it has spiked by about 120
basis points.
For example, U.S. 10 - year Treasury yields closed in on 2.50 percent last
week, roughly 50
basis points (0.50 percent) higher than their late April levels.
But this
week the 10 - year Treasury lost roughly 1.4
points, which translated into a 15
basis point jump in its yield to 2.84 % The long bond closed over 3 %.
The 30 - year fixed - rate mortgage averaged 4.21 %, up 11
basis points during the
week.
The yield on the 10 - year Treasury fell more than 15
basis points to 2.05 percent in the last two days of the
week.
«For the first time in
weeks, the 30 - year mortgage rate moved with Treasury yields and jumped 11
basis points,» Freddie Chief Economist Sean Becketti said in a release.
Rates surged 14
basis points one
week last December in the wake of the presidential election.
The 10 - year Treasury yield TMUBMUSD10Y, -0.63 %, which the 30 - year mortgage loosely tracks, rose about 10
basis points during the
week.
The yield's maturity rose 10.5
basis points for the
week, the largest such gain since Feb. 2.
The average rate on the 30 - year fixed is five
basis points lower than a
week ago.
Argentina's central bank has hiked its interest rates by 300
basis points for a second time in less than a
week, in its latest attempt to halt the peso's dramatic slide against the US dollar.
The maturity's yield picked up 8.8
basis points for the
week.
In secondary markets, however, interest rates on short - term treasury bills (4
weeks) have traded down close to or even below 25
basis points.
Since 2006, the strongest relationship between monetary
base growth and stock market returns has has been at the
point where weakness in stocks leads growth in the monetary
base by about 8
weeks.
That's a decline of 7
basis points (0.07 %) from last
week's average, and a drop of 64
basis points (0.64 %) from this time last year.
Toronto - Dominion Bank has lifted its posted rate for five - year fixed mortgages by 45
basis points to 5.59 percent as government bond yields touched their highest levels since 2011 this
week.
«This
week's survey rate is the lowest since May 2013 and only 17
basis points above the all - time low recorded in November 2012.
Point C — $ NEWR clearly shows a
base with the most potential, forming a tight - ranged pattern above the rising 10 -
week MA.
According to Bloomberg data, U.S. equities, as measured by the S&P 500 Index, barely budged; long - term U.S. Treasury rates are currently trading within 10
basis points (bps) of where they were on January 1; and, with the exception of the last two
weeks of the year, the Federal Reserve (Fed) sat on its hands.