Rate move
VA 30-year slipped 12.5bp overnight.
Rate move · Apr 23
VA 30-year slipped 12.5bp overnight.
VA 30-yr5.875% -0.125
MBS 5.5 UMBS+32bp +0.32
10-yr Treasury4.18% -0.04
30-day VA 30-yr fixed
“A 12.5bp move sounds small until you realize it's $28/month on a $425k loan — and IRRRL1 will not make you re-document a thing.”
— EARL's daily read
EARL's take
If you locked above 6% in Q4, this is the morning to pull your IRRRL quote. No appraisal, no income docs — the streamline is built for exactly this window.
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