Mortgage Rates End Higher, But Not As High as This Morning

Uneventful Conclusion to Another Volatile Week This morning began like many other recent mornings with economic data making a strong, logical case for bonds to move in a certain direction only for bonds to subsequently reverse course and do something else. In today's case, it was Retail Sales that pushed yields higher at first. Perhaps it was also Retail Sales that allowed for a friendly correction as traders digested the report's internal components (which weren't as favorable as the headline). Either way, bonds were able to get all the way back to positive territory by the afternoon. That's good in and of itself, but with 10yr yields still over 4.4%, the uptrend is still intact in the bigger picture. Econ Data / EventsRetail Sales0.4 vs 0.3 f'cast last month revised to 0.8 from 0.4 NY Fed Manufacturing31.2 vs -0.7 f'cast, -11.9 prev Import Prices0.3 vs -0.1 f'cast, -0.4 prev Export Prices0.8 vs -0.1 f'cast, -0.6 prev Market Movement Recap09:17 AM modestly stronger overnight and weaker after data. MBS down 5 ticks (.16) and 10yr up 3.5bps at 4.474 09:28 AM weakest levels after trying to bounce briefly. MBS down 6 ticks (.19) and 10yr up 3.9bps at 4.478 01:35 PM Bouncing back to best levels of the day now. MBS up 1 tick and 10yr down 1.9bps at 4.42 03:40 PM Off the strongest levels, but not swooning in a major way. MBS down 2 ticks (.06) and 10yr down half a bp at 4.434

November 15, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Uneventful Conclusion to Another Volatile Week Uneventful Conclusion to Another Volatile Week This morning began like many other recent mornings with economic data making a strong, logical case for bonds to move in a certain direction only for bonds to su... (read more) Mortgage Rate Watch Mortgage Rates End Higher, But Not As High as This Morning This afternoon's mortgage rates are higher than yesterday's latest levels. That's a result of bond market weakness seen late yesterday and earlier this morning. Why would yesterday's market movement matter? Simply put, it was too la... (read more) Rob Chrisman Secondary, AI Workflow, Appraisal Waiver, HMDA Analysis, Lead Gen; MBA Reports Costs of $10,716 Per Loan "To the person who stole my glasses. I will find you; I have contacts." Here in Cleveland, much of the mortgage talk involves conjecture about where we’ll find the Agencies in a few years. If you’d like some “inside baseball” knowledge about what may... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.05% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.05% +0.03 0.00 15 Yr. Fixed 6.43% +0.06 0.00 30 Yr. FHA 6.39% +0.09 0.00 30 Yr. Jumbo 7.24% +0.04 0.00 7/6 SOFR ARM 7.11% +0.12 0.00 30 Yr. VA 6.39% +0.07 0.00 Updates Daily - Last Update: 11/15 15 Yr. Fixed Rate 6.43% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.84 -0.09 Price / Yield Change MBS UMBS 5.5 98.84 -0.09 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.39 -0.18 GNMA 6.0 100.75 +0.04 Pricing as of: 11/15 5:31PM EST 10 Year US Treasury 4.4434 +0.0046 Price / Yield Change US Treasury 2 YR Treasury 4.306 -0.044 5 YR Treasury 4.310 -0.017 7 YR Treasury 4.380 -0.007 10 YR Treasury 4.443 +0.005 30 YR Treasury 4.622 +0.040 Pricing as of: 11/15 5:31PM EST Latest Video Rate will move lower long as we keep making progress toward 2% inflation, s... Bond Report: 10-year yields touch 4.5% September business inventories rise 0.1% in weakest gain since March Senators confirm need for Federal Reserve's independence Around the Web Marketwatch Investors are bracing for higher-for-even-longer interest rates Calculated Risk Blog Part 2: Current State of the Housing Market; Overview for mid-November 2024 CNBC What's the most you should pay for housing? Here's a breakdown by salary, from $30,000 a year to $120,000 CNBC Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates Eye on Housing Single-Family Permits Higher in September 2024 Calculated Risk Blog Part 1: Current State of the Housing Market; Overview for mid-November 2024 Marketwatch Retail sales climb again ahead of holiday shopping season. U.S. economy still has momentum. Marketwatch Import prices post biggest increase in six months and add to U.S. inflation Marketwatch Manufacturing activity surges in New York region to highest level in nearly three years Eye on Housing Building Material Prices Increase While Other Input Prices Fall CNBC Treasury yields tick higher as investors digest Powells comments, await further data Calculated Risk Blog Lawler: Early Read on Existing Home Sales in October Calculated Risk Blog Q4 GDP Tracking: Mid 2% Range

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