by Calculated Risk on 11/17/2023 01:16:00 PM
Today, in the CalculatedRisk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in October
Chart of the Week: Mortgage Rates Follow MBS Yields, Not 10-Year Treasury Yields
For an explanation of “why”, see Lawler: Update on Mortgage/Treasury Spreads
From Tom Lawler:
CC MBS Yield: Yield on notional par agency 30-year MBS
Note: there is some “spurious” volatility in the mortgage spreads because Optimal Blue measures rate lock activity throughout the day while the MBS and Treasury yields reflect late afternoon yields.
There is much more in the post. You can subscribe at https://calculatedrisk.substack.com/