Mortgage Rates Little-Changed Ahead of Important Inflation Data

Bonds Will Rally After CPI (Or They'll Sell Off) Let's not build up the upcoming CPI data too much. It's important and it is highly likely to result in a level of bond market movement commensurate with its distance from forecasts. But that distance can be seen both above and below the forecast levels. Each option carries a different implication for the rate reaction and there's no way to know which option we'll get ahead of time. What we CAN know with relative certainty is that the bigger the "beat" the larger the jump in rates should be. The bigger the "miss," the bigger the drop in rates. Market Movement Recap09:19 AM Modestly stronger overnight with yields as low as 3.95. Slight bounce early but still down 1.4bps at 3.986. MBS up 1 tick (0.03). 02:35 PM Modest gains in the PM hours, but giving them up now. Bonds at exactly the same levels as the last update.

July 11, 2023 Download our Mobile App: Download our Mobile App: MBS Commentary Bonds Will Rally After CPI (Or They'll Sell Off) Bonds Will Rally After CPI (Or They'll Sell Off) Let's not build up the upcoming CPI data too much. It's important and it is highly likely to result in a level of bond market movement commensurate with ... (read more) Mortgage Rate Watch Mortgage Rates Little-Changed Ahead of Important Inflation Data While experts might be able to debate the underlying causes, they can all agree that inflation is the key reason that rates skyrocketed at the fastest pace in decades to the highest levels in decades in 2022. They could also mostly agree that t... (read more) Rob Chrisman LO Marketing Tools, Automation, Subservicing, DPA Products; HMDA Data; Training and Webinars Don’t forget that today, 7-11, is Free Slurpee Day, but that this Sunday the price of a first-class mail stamp is going up from 63 cents to 66 cents, the second price hike of the year since the stamps cost just 60 cents as of January. Stamps are a ca... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.09% -0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.09% -0.03 0.00 15 Yr. Fixed 6.42% -0.03 0.00 30 Yr. FHA 6.79% -0.03 0.00 30 Yr. Jumbo 6.93% -0.01 0.00 5/1 ARM 7.14% +0.02 0.00 30 Yr. VA 6.80% 0.00 0.00 Updates Daily - Last Update: 7/11 15 Yr. Fixed Rate 6.42% -0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.81% +0.10 0.00 15 Yr. Fixed 6.24% +0.18 0.00 Updates Weekly - Last Update: 7/6 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.75% +0.02 0.64 15 Yr. Fixed 6.23% -0.03 0.69 30 Yr. Jumbo 6.91% +0.11 0.69 Updates Weekly - Last Update: 6/28 MBS / Treasuries UMBS 30YR 5.5 98.84 +0.06 Price / Yield Change MBS UMBS 5.5 98.84 +0.06 UMBS 6.0 100.31 -0.03 GNMA 5.5 98.84 +0.06 GNMA 6.0 100.13 -0.09 Pricing as of: 7/11 5:31PM EST 10 Year US Treasury 3.9780 -0.0220 Price / Yield Change US Treasury 2 YR Treasury 4.885 +0.021 5 YR Treasury 4.237 -0.002 7 YR Treasury 4.121 -0.014 10 YR Treasury 3.978 -0.022 30 YR Treasury 4.014 -0.024 Pricing as of: 7/11 5:31PM EST Latest Video Komal Sri-Kumar breaks down what to expect next from the Fed U.S. jobs report shows the labor market is cooling, says Evercore ISI's Kri... Inflation will have to be closer to 3% than 4.5% for Fed to pivot, says for... Affordability strains in housing are benefiting single-family REITs, says M... Around the Web Eye on Housing Consumer Credit Growth Slows to 30-Month Low Calculated Risk Blog 2nd Look at Local Housing Markets in June CNBC This is 'the end of the beginning' of the battle against inflation, economist says Calculated Risk Blog CoreLogic: US Annual Home Price Growth Drops to the Lowest Rate in 11 Years in May CNBC Mortgage rates in Britain hit 15-year high with many fearful there's more misery to come CNBC New Jersey is 2023's most-improved state for business, led by a strong economy and housing market CNBC Treasury yields fall as investors weigh economic, monetary policy outlook Calculated Risk Blog Lawler: Update on Demographic Trends, and Population and Household Projections Through 2025 Calculated Risk Blog Wholesale Used Car Prices Decreased 4.2% in June; Down 10.3% Year-over-year Eye on Housing Share of Two or More Stories New Homes Maintains Lead in 2022 Calculated Risk Blog Housing July 10th Weekly Update: Inventory Decreased 0.2% Week-over-week; Down 4.6% Year-over-year CNBC Treasury yields mixed as investors look to Fed speaker comments, key economic data CNBC European markets set for lower open after China's low inflation reading

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