MORTGAGE RATES ARE NOW 5.30% For the 7-day period ending 4.28.22, 10 Year Treasury rates decreased 5bp while mortgage rates were down 1bp. This caused the net spread to Increase from 4bp to 77bp ABOVE the normal spread of 168bp.
Daily changes in the US 10 Year Treasury rates are the blue bars while the red line is the 14-day cumulative change in rates: 15bp increase. For the blue bars, it is unusual to have changes of greater than 0.10 in a single day and 0.20 is VERY unusual.
The Yield Curve slightly changed this past week (the red line is current and the green is last week).
The Yield Curve is virtually flat for 5+ years and the inversion is BACK.
