Mortgage Rates Barely Budge For 3rd Straight Day, But That Should Change Tomorrow

Treasury Auction Helps Bonds Hold The Range If yesterday was a placeholder ahead of bigger ticket events, and if those bigger ticket events arrive on Wednesday, then Tuesday couldn't possibly be anything other than a placeholder as well. That said, it was a more interesting placeholder with some friendly volatility delivered by a strong showing at the 10yr Treasury auction. In some regard, the bond market's willingness to bid aggressively at this auction (with CPI and the Fed coming up the following morning) might confirm something about the underlying bullish predisposition discussed last week. But then, as now, the catch is that a bullish predisposition still requires confirmation in the data. On that note, all eyes on Wednesday's CPI. Econ Data / Events10yr Treasury auction 4.438 vs 4.458 expectations bid to cover2.67 vs 2.49 avg Market Movement Recap10:08 AM Stronger overnight with a modest pull-back around 9am. 10yr down 3.2bps at 4.451. MBS up an eighth of a point. 12:31 PM Weakest levels of the day ahead of Treasury auction. MBS unchanged and 10yr down 2bps at 4.463. 01:03 PM Solid gains after 10yr Treasury auction. 10yr down 5.2bps at 4.434. MBS up an eighth in 6.0 coupons. 03:13 PM Best levels of the day for Treasuries with 10yr down 7bps at 4.414. MBS are nearly back to opening highs, up 6 ticks (.19).

June 11, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Treasury Auction Helps Bonds Hold The Range Treasury Auction Helps Bonds Hold The Range If yesterday was a placeholder ahead of bigger ticket events, and if those bigger ticket events arrive on Wednesday, then Tuesday couldn't possibly be anything othe... (read more) Mortgage Rate Watch Mortgage Rates Barely Budge For 3rd Straight Day, But That Should Change Tomorrow Today's mortgage rates were fairly close to yesterday's at the average lender for the 3rd business day in a row. Friday was the last day with any substantial movement when rates spiked following the upbeat jobs report. Since then, the ave... (read more) Rob Chrisman Best-Ex, Verification, Servicing Tools; STRATMOR and Customer Experience; Re-Branding, Ownership, Alliances Continue I head to Sarasota, Florida this morning, not to look for Florida Man, but for the MBA Florida Conference. A big topic will be homeowner’s insurance. What do Allstate, Liberty Mutual, State Farm, USAA, and Travelers have in common? They were singled ... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.16% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.16% -0.01 0.00 15 Yr. Fixed 6.61% -0.01 0.00 30 Yr. FHA 6.63% -0.02 0.00 30 Yr. Jumbo 7.36% -0.02 0.00 7/6 SOFR ARM 7.13% -0.02 0.00 30 Yr. VA 6.65% -0.01 0.00 Updates Daily - Last Update: 6/11 15 Yr. Fixed Rate 6.61% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.99% -0.04 0.00 15 Yr. Fixed 6.29% -0.07 0.00 Updates Weekly - Last Update: 6/6 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.07% +0.02 0.65 15 Yr. Fixed 6.75% +0.09 0.63 30 Yr. Jumbo 7.21% -0.01 0.41 Updates Weekly - Last Update: 6/5 MBS / Treasuries UMBS 30YR 6.0 100.36 +0.20 Price / Yield Change MBS UMBS 6.0 100.36 +0.20 UMBS 6.5 101.77 +0.04 GNMA 6.0 100.65 +0.21 GNMA 6.5 101.62 +0.18 Pricing as of: 6/11 5:31PM EST 10 Year US Treasury 4.3986 -0.0630 Price / Yield Change US Treasury 2 YR Treasury 4.830 -0.051 5 YR Treasury 4.414 -0.069 7 YR Treasury 4.404 -0.071 10 YR Treasury 4.399 -0.063 30 YR Treasury 4.532 -0.065 Pricing as of: 6/11 5:31PM EST Latest Video Countdown to Fed rate decision:Here's what you need to know Former Atalanta Fed Pres. Lockhart: Will take a 'pretty startling' CPI repo... Demand for 'super prime' commercial real estate is surging, says SHVO's Mic... Data points toward an economic slowdown, says Roth Capital's Michael Darda. Around the Web Marketwatch Fed's rate-cut path in 2024 is a 'very close call' as market awaits Powell's guidance Marketwatch Interest rates may need to go higher if the Fed wants inflation at 2% CNBC Fed meeting and inflation report both hit Wednesday, and the impact could be huge CNBC What to expect from the housing market in the second half of 2024, according to real estate experts Calculated Risk Blog CPI Previews Eye on Housing Slower Gains for Consumer Credit Calculated Risk Blog 2nd Look at Local Housing Markets in May WSJ Investors on Tenterhooks for Fed’s Latest Rate-Cut Projections CNBC Treasury yield fall as Fed meeting kicks off Calculated Risk Blog Housing June 10th Weekly Update: Inventory up 1.1% Week-over-week, Up 37.8% Year-over-year CNBC Student loan bills may soon see 'a dramatic drop,' expert says. Here's what to know about the change CNBC Treasury yields rise as investors look to Fed meeting, inflation data Calculated Risk Blog Hotels: Occupancy Rate Increased 0.9% Year-over-year

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