MARKET UPDATE BLOG

May 2022 interest rate udpate

May 2022 Interest Rate Udpate

May 12, 2022

The Federal Reserve announced yesterday that the annual Consumer Price Index (CPI) moved from 8.5% to 8.3% with core CPI (CPI without the volatile food and energy components) rising to 6.2%. After digesting this information, the benchmark 10-year treasury moved from its annual high on Friday of 3.20% to the yield at today’s close of 2.86%.

Rates are still low from a historical standpoint. This becomes transparent when reviewing the charts below. The current market for fixed-rate loans looks like the following:

  • 3-year fixed from 3.50-5.00%
  • 5-year fixed from 4.25-5.50%
  • 10-year fixed from 4.25-5.50%
  • 15-year fixed from 4.25-5.50%
  • 20-year fixed from 4.50-5.50%

May 2022 interest rate udpate

May 2022 interest rate udpate

 

April Interest Rate Update