Freddie Mortgage Survey Rate Rises To 3.05%, Mortgage Bond Duration Highest Since May 2019

by confoundedinterest17

Freddie Mac’s survey of mortgage lenders (commitments) rose to 3.05% in today’s release.

The spread between Freddie’s 30Y rate and the 10Y Treasury yield has been falling (bottom pane).

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Over a longer time frame, you can see that the spread is lower than that of before the pandemic.

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Mortgage bond duration is cranking up to its highest level since May 2019.

 

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