Freddie Mac Rates January 12, 2023

Freddie Mac Rates January 12, 2023

Mortgage Rates Decline

January 12, 2023

While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates. Over the last few weeks latent demand has been on display with buyers jumping in and out of the market as rates move.

To see updates on Freddie Mac go click: https://www.freddiemac.com/pmms

 

The 10 year treasury closed yesterday (1/11/23) at 3.556% which is a spread of 2.774.  This is a bit lower than the recent spreads of 3, but higher than the normal spread of 2 to 1.75. 

See page 7 of the 2023 forcast on the following link: 2023 forecast MBS Highway

 

 

Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac’s economists and other researchers, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac’s business prospects or expected results. Although the authors attempt to provide reliable, useful information, they do not guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Information from this document may be used with proper attribution. Alteration of this document or its content is strictly prohibited. ©2023 by Freddie Mac.

 

 

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