New-home sales fall for first time in months

New-home sales fall for first time in months
Fewer people bought new homes last month, the latest sign that the struggling housing market won’t rebound this year.
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Treasurys having one of worst months since 1990

Treasurys having one of worst months since 1990
NEW YORK (MarketWatch) — Yields on 10-year notes have risen so far this month by about 72 basis points, making it one of the worst months in 20 years. “The recent back up in rates and the corresponding negative bond returns could result in near-term outflows from high-grade [...]

Mortgage Bond Spreads at Widest in Five Months: Credit Markets

Mortgage Bond Spreads at Widest in Five Months: Credit Markets
May 4 (Bloomberg) — Yields on Fannie Mae and Freddie Mac mortgage securities that guide home-loan rates climbed to the highest in five months relative to U.S. Treasuries as Europe’s worsening government finances led investors to shun all but the safest assets.
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My 5/1 arm will reset in 18 months, should I refinance home mortgage now, or wait for few more months?

Current rate of ARM interest is 5.125%. Would it better to go for 6.75% mortgage refinance at no closing costs, if I am planning to live in the same house for next 7 to 10 years?