LendZen.com | Mortgage Automation | Lower Rates

Mortgage-Treasury spreads tell us how mortgage-backed securities (MBS) are trading versus government bonds. When spreads are low or declining, mortgage rates improve faster and remain stable longer. -- APR 27 -- 𝟭𝟬𝗬: 4.340 𝗟𝗠𝗧𝗦: 0.91 𝗬𝗼𝗬: -51 bps

𝗠𝗢𝗥𝗧𝗚𝗔𝗚𝗘 𝗥𝗔𝗧𝗘 𝗟𝗢𝗖𝗞 𝗚𝗨𝗜𝗗𝗘 🔒🏠 higher risk scores = lean towards locking ​ ------------------ Closing Window ------------------ ​ [ 𝟭𝟱 𝗗𝗮𝘆𝘀 ] — 76 🟠 ​ [ 𝟯𝟬 𝗗𝗮𝘆𝘀 ] — 63 🟠 ​ [ 𝟰𝟱 𝗗𝗮𝘆𝘀 ] — 53 🟡 ​ [ 𝟲𝟬 𝗗𝗮𝘆𝘀 ] — 40 🟢

THE WEEK AHEAD 📅 The Fed rate decision is Wednesday, followed by what will be Jerome Powell’s final press conference as Chairman. It might also be the last of its kind - Fed Chair nominee Warsh has suggested discontinuing the media briefings. 1/3

Last week’s mortgage rate recap: ​ 𝗖𝗢𝗡𝗩 𝟯𝟬: 5.887 | 𝟱𝗗: +0.062 ​ 𝗨.𝗦. 𝟭𝟬𝗬 𝗦𝗣𝗥𝗘𝗔𝗗: 0.94 | 𝟱𝗗: +0.03 | 𝟭𝟮𝗠: -0.48

Mortgage rates DO NOT rise or fall, instead the PRICE of each rate changes. The @Lend_Zen Index helps you stay current with previous rate quotes. Estimates 𝟭𝟬 𝗱𝗮𝘆𝘀 old are now $148 𝗟𝗘𝗦𝗦 per 100k (.00148) 𝟮𝟰𝗛: +$96 𝟱𝗗: +$209 𝟯𝟬𝗗: -$771

Shop mortgage rates anonymously at 𝗟𝗲𝗻𝗱𝗭𝗲𝗻 (.com) Below is just a snapshot - customize a quote and see every rate instantly with all costs upfront. 𝗡𝗼 𝗰𝗼𝗻𝘁𝗮𝗰𝘁 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱.

Which one are you? • Active shopper 🏠 • Casual watcher 🔍 • Data junkie 📊 The @Lend_Zen Index provides daily, data-driven insights, and real-time mortgage rate pricing. 𝗦𝗵𝗼𝗽 𝗿𝗮𝘁𝗲𝘀, 𝘁𝗿𝗮𝗰𝗸 𝘁𝗿𝗲𝗻𝗱𝘀, 𝘀𝗮𝘃𝗲 𝗺𝗼𝗻𝗲𝘆. 👇 lendzen.net/lzi-ss-xLZidx

A big reason for the improvement in mortgage rates since last year, and in the recent rebound, has been the tightening of mortgage-treasury bond yield spreads.

Mortgage bonds made a strong recovery in April after the beatdown in March took rates back to August levels.

THE WEEK AHEAD 📅 Manufacturing surveys are the main scheduled event this week. Meanwhile, markets will be monitoring events in Iran carefully, so will the Fed, as the next FOMC rate decision arrives next week (April 29).. #economicdata #financenews #money

Last week’s mortgage rate recap: ​ 𝗖𝗢𝗡𝗩 𝟯𝟬: 5.826 | 𝟱𝗗: -0.185 ​ 𝗨.𝗦. 𝟭𝟬𝗬 𝗦𝗣𝗥𝗘𝗔𝗗: 0.91 | 𝟱𝗗: -0.05 | 𝟭𝟮𝗠: -0.50

Mortgage rates, in response to the Iran ceasefire, have clawed back more than half of the March losses since the new month began. Will the faltering negotiations kill the momentum?

THE WEEK AHEAD 📅 This week’s housing data sets the tone as manufacturing data gives the crowded Fed speaker schedule something to talk about ahead of the next FOMC rate decision on April 29. #housing #interestrates #thefed

Last week’s mortgage rate recap: ​ 𝗖𝗢𝗡𝗩 𝟯𝟬: 6.010 | 𝟱𝗗: -0.083 ​ 𝗨.𝗦. 𝟭𝟬𝗬 𝗦𝗣𝗥𝗘𝗔𝗗: 0.96 | 𝟱𝗗: -0.06 | 𝟭𝟮𝗠: -0.50

After last week’s employment data put mortgage rates on their heels... this week will be a major test of whether the modest bond rally is a temporary bounce or the beginning of something more meaningful.

Mortgage rates are back. 😎 After getting wrecked for weeks, mortgage pricing just posted a multi-day comeback. And it happened even with oil still elevated and the 10-Year Treasury hanging near 4.30%. (1/3) 🧵

Mortgage Spreads - Apr. 1 ​ The spread between mortgage bonds and the U.S. 10-Year was BETTER today (-4 bps). ​ 𝟭𝟬𝗬: ​ 4.332 ​ 𝗟𝗠𝗧𝗦: ​ 1.02 ​ 𝗬𝗼𝗬: ​ -35 bps ​ Learn about the importance of accurately measuring MBS spreads in the next post. 👇

Hope emerges for mortgage rates as the bond market fights back...

The curb stomp for mortgage rates continued this week as bond prices were rocked again by war-driven inflation fears. In the last 30-days the PRICE of mortgage rates has increased an average of $2,114 per $100k of loan amount (211 bps). (1/5) 🧵

Mortgage Spreads - Mar. 26 ​ The spread between mortgage bonds and the U.S. 10-Year was WORSE today (+2 bps). ​ 𝟭𝟬𝗬: ​ 4.412 ​ 𝗟𝗠𝗧𝗦: ​ 1.11 ​ 𝗬𝗼𝗬: ​ -17 bps ​ Learn about the importance of accurately measuring MBS spreads in the next post. 👇