Mortgage Rates Close Enough to Unchanged Over The Weekend

Mostly Flat After Initial Weakness There's a risk that a theme will emerge in the coming days, but a theme that only matters to people who write daily commentary on the bond market. It involves an absence of new, interesting things to say as well as plenty of repetition. If today was any indication, the bond market's base case for this week is to play the "11 day weekend" game that we joked about last week. It looked like we might actually have some volatility earlier in the session. Bonds sold off modestly at the 8:20am CME open, but the damage was limited to roughly 3bps in 10yr yields and much less than that by the 3pm CME close. Market Movement Recap09:46 AM Unchanged overnight, but sellers were lined up for the 8:20am CME open. 10yr now up 2bps and MBS down 2 ticks (.06). 12:43 PM Off the weakest levels and flat. MBS unchanged and 10yr up 1.6bps at 4.438 03:11 PM Little changed. MBS down 1 tick (.03) and 10yr up 1.4bps at 4.437

May 20, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Mostly Flat After Initial Weakness Mostly Flat After Initial Weakness There's a risk that a theme will emerge in the coming days, but a theme that only matters to people who write daily commentary on the bond market. It involves an absen... (read more) Mortgage Rate Watch Mortgage Rates Close Enough to Unchanged Over The Weekend Mortgage rates moved modestly higher on the two days at the end of last week. This put an end to a decent winning streak that had been in place since the beginning of the month, but it stopped well short of undoing much of the progress. ... (read more) Rob Chrisman Portfolio ARM; Market Intelligence, VOE Tools; Bank of England & RESPA; CFPB Ruling Interview Greetings from the Arch MI meeting room space! Heard in the hallways here at the MBA’s Secondary conference in Manhattan: “Our loan officers are telling their clients, ‘Yeah, the best time to buy a house was five years ago. The second-best time is… n... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.10% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.10% +0.01 0.00 15 Yr. Fixed 6.57% +0.01 0.00 30 Yr. FHA 6.64% +0.02 0.00 30 Yr. Jumbo 7.35% 0.00 0.00 7/6 SOFR ARM 7.30% 0.00 0.00 30 Yr. VA 6.65% +0.01 0.00 Updates Daily - Last Update: 5/20 15 Yr. Fixed Rate 6.57% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 7.02% -0.07 0.00 15 Yr. Fixed 6.28% -0.10 0.00 Updates Weekly - Last Update: 5/16 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.08% -0.10 0.63 15 Yr. Fixed 6.61% +0.01 0.65 30 Yr. Jumbo 7.22% -0.09 0.58 Updates Weekly - Last Update: 5/15 MBS / Treasuries UMBS 30YR 6.0 100.33 -0.07 Price / Yield Change MBS UMBS 6.0 100.33 -0.07 UMBS 6.5 101.73 -0.02 GNMA 6.0 100.66 -0.12 GNMA 6.5 101.52 -0.07 Pricing as of: 5/20 5:31PM EST 10 Year US Treasury 4.4463 +0.0240 Price / Yield Change US Treasury 2 YR Treasury 4.848 +0.020 5 YR Treasury 4.468 +0.022 7 YR Treasury 4.454 +0.025 10 YR Treasury 4.446 +0.024 30 YR Treasury 4.585 +0.024 Pricing as of: 5/20 5:31PM EST Latest Video Fed just can't wait to cut interest rates, says Sri-Kumar Global Strategies... Hightower's Stephanie Link: Inflation will remain elevated because of stron... European Central Bank appears to be closer to rate cuts than U.S. Federal R... Fed doesn't seem open to rate hikes, says Hightower's Michael Farr Around the Web Marketwatch Feds Mester says forecast of 3 rate hikes this year is now probably too many CNBC One-third of single-family homes for sale are newly built, report finds. Here's what buyers need to know CNBC These home remodeling projects offer the highest return on investment in history, report finds Reuters Fed's Jefferson, Barr sound cautious note on inflation Eye on Housing Construction Self-Employment at 23% Calculated Risk Blog Fed Vice Chair Philip Jefferson on Housing Dynamics Marketwatch The U.S. economy and inflation might be cooling off, but lower interest rates are still far away Eye on Housing Custom Home Building Slowdown Calculated Risk Blog Housing May 20th Weekly Update: Inventory up 1.7% Week-over-week, Up 36.0% Year-over-year CNBC Treasury yields hold steady as investors look to data, Fed speaker comments in week ahead Calculated Risk Blog 4th Look at Local Housing Markets in April; California Home Sales Up 4.4% YoY in April CNBC European markets set to start the new trading week on a positive note Calculated Risk Blog Hotels: Occupancy Rate Increased 2.1% Year-over-year

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