Mortgage Rates Bounce Back Up

Mortgage lenders were unable to update their rates yesterday as the bond market was closed for the Presidents Day holiday. Three day weekends can occasionally result in extra volatility on the first day of the new week because--in many cases--the rest of the world's financial markets continue moving. This leaves the US bond market (which is responsible for dictating interest rates) with the need to cover 2 days worth of ground. In today's case, that ground led toward higher rates both yesterday and today. The net effect was a return to the rates just a hair below those seen last Thursday, thus erasing most of Friday's gains. The silver lining is that Thursday's rates were already near the lowest in just under 2 months.

February 18, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Bounce Back Up Mortgage lenders were unable to update their rates yesterday as the bond market was closed for the Presidents Day holiday. Three day weekends can occasionally result in extra volatility on the first day of the new week because--in many cases--t... (read more) MBS Commentary Limited Volatility After Losing Some Ground Over The Weekend Traders have done a reasonably good job of making it back to the office after the 3-day weekend. Volumes are almost in line with last Tuesday (also a day without any big ticket economic data in the morning). On the other hand, last Tuesday's volumes ... (read more) Rob Chrisman Pricing, AI, DPA, Customer Service Tools; Bill Emerson Interview; Training This Week; STRATMOR CD Workshop This weekend I spent a little time in the Miami Airport and overheard two people discussing how they were waiting for a builder in Tennessee to finish their home… And hoping rates didn’t go higher. I remained mum. No one knows exactly where rates wil... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.06 0.00 15 Yr. Fixed 6.46% +0.05 0.00 30 Yr. FHA 6.38% +0.05 0.00 30 Yr. Jumbo 7.36% +0.04 0.00 7/6 SOFR ARM 6.93% +0.08 0.00 30 Yr. VA 6.40% +0.05 0.00 Updates Daily - Last Update: 2/18 15 Yr. Fixed Rate 6.46% +0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.87% -0.02 0.00 15 Yr. Fixed 6.09% +0.04 0.00 Updates Weekly - Last Update: 2/13 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.02% -0.07 0.62 15 Yr. Fixed 6.45% +0.02 0.64 30 Yr. Jumbo 6.98% -0.07 0.50 Updates Weekly - Last Update: 1/22 MBS / Treasuries UMBS 30YR 5.5 98.76 -0.27 Price / Yield Change MBS UMBS 5.5 98.76 -0.27 UMBS 6.0 100.69 -0.15 GNMA 5.5 99.25 -0.39 GNMA 6.0 100.75 -0.27 Pricing as of: 2/18 5:31PM EST 10 Year US Treasury 4.5552 +0.0794 Price / Yield Change US Treasury 2 YR Treasury 4.308 +0.047 5 YR Treasury 4.404 +0.076 7 YR Treasury 4.485 +0.084 10 YR Treasury 4.555 +0.079 30 YR Treasury 4.773 +0.076 Pricing as of: 2/18 5:31PM EST Latest Video February homebuilder sentiment drops on concerns over tariffs Former Fed Vice Chair Lael Brainard: The Fed is in wait-and-see mode amid p... Expect 3 to 4 Fed cuts this year, 3Fourteen's Warren Pies Fed Chair Powell holding cards close to his chest with Pres. Trump, says Je... Around the Web Forex Live US February Empire Fed 5.7 vs -1.0 expected CNBC U.S. Treasury yields tick higher as investors await more clues on U.S. economy Eye on Housing Construction Self-Employment Stable at 23% Seeking Alpha Fed's Daly says monetary policy should stay restrictive until inflation progress 'really' shows Calculated Risk Blog The "Neutral" Rate and Implications for 30-year Mortgage Rates Calculated Risk Blog 3rd Look at Local Housing Markets in January Calculated Risk Blog Q1 GDP Tracking: Low 2% Range Calculated Risk Blog MBA Survey: Share of Mortgage Loans in Forbearance Decreases to 0.40% in January Eye on Housing Credit for Builders Tightens, Cost Results Mixed Marketwatch Retail sales slump. Cold snap and post-holiday blues depress spending. Eye on Housing Residential Construction Input Prices Increase to Start the Year Fannie Mae Fannie Mae Fourth Quarter and Full-Year 2024 Financial Results Conference Call Calculated Risk Blog Industrial Production Increased 0.5% in January

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