RE and economic charts: Freddie Mac mortgage interest rates inch up this week = Bumpy ride for Treasuries in first quarter + Mortgage Applications Dip 7.5% in US + MBA: Mortgage Demand Down As Rates Rise Last Week

Saturday, April 2, 2011

Freddie Mac mortgage interest rates inch up this week = Bumpy ride for Treasuries in first quarter + Mortgage Applications Dip 7.5% in US + MBA: Mortgage Demand Down As Rates Rise Last Week

[mEDITate-OR:
not see that what was taking off like a rocket..., stalled out...,@ 5%
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Bcuz RE mortgage rates are tied to 10yr TBills,
the "run" by foreign banks from them drove yield up.
Why they started to run, and why they stopped, is unknown.
But, what had happened is that mortgage rates are relatively stable
@ just under 5%.
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The 1st chart shows U.S. the jump, and the plateau we are on.
The next 3 show U.S. different views of current RE mortgage rates.
1st shows U.S. the decline over the last two months.
2nd is the MSNBC chart that shows U.S. weekly not only the current FMac rates
but where they fit in a 5 year view
3rd is the weekly Paper Economy chart which shows U.S. both 30 & 15yr rates
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The next three Sold on Top charts from The Paper Economy blog
show U.S. not only MBA mortgage apps, but, this is a big but...
they show U.S. a "refinance index" AND a purchase index
along with the composite that you will usually see.
This IS significant, bcuz which is going up and which is going down
and by how much is very different depending on the movement in RE rates.
Since they do move independently, and since the refi index is much more volitile
this separation is much like that for single home vs multi-unit starts.
Not showing U.S. them separately simply distorts in info we need.
Sold is one of very few that do that for U.S.
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bonds, treasuries, qe2, inflation