Mortgage Rates Modestly Lower To Start The Week

Slow Start as Markets Wait For Inspiration Bonds got off to a slow start despite the holiday-shortened week. Yields began in slightly higher territory in Asia, but rallied back to 'unchanged' by the start of U.S. trading and to slightly stronger levels by the end of European trading. The 2nd half of the U.S. trading day brought better selling, but not enough to take bonds into weaker territory as of the 3pm CME close. More importantly, all of the above took place in a narrow enough range to argue against any deep analysis. Market Movement Recap09:59 AM Slow, steady gains all night and into U.S. hours. 10yr down 2.5bps at 4.256. MBS up 3 ticks (.09). 11:43 AM Modest gains continue. MBS up 6 ticks (.19) and 10yr down 2.9bps at 4.252. 02:55 PM Weakest levels of the afternoon, but still slightly positive. MBS up 3 ticks (.09). 10yr down half a bp at 4.275. 03:42 PM More sideways over the past hour with MBS still up 3 ticks (.09). 10yr now down 1bp at 4.271.

February 20, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Slow Start as Markets Wait For Inspiration Slow Start as Markets Wait For Inspiration Bonds got off to a slow start despite the holiday-shortened week. Yields began in slightly higher territory in Asia, but rallied back to 'unchanged' by the sta... (read more) Mortgage Rate Watch Mortgage Rates Modestly Lower To Start The Week Most mortgage lenders set rates for the first time this week on Tuesday (today) due to yesterday's holiday. Federal holidays mean banks are closed which, in turn, means no activity in the part of the financial market that determines mortgage pr... (read more) Rob Chrisman DPA, Fee Collection, PPE, AI Servicing Tools; California and Rain; STRATMOR on Compensation Two vultures are in a field, eating a dead clown. One vulture says to the other, "Does this taste funny to you?" The last thing you want to hear about your company is that it “preyed upon” customers, which is the opposite of funny. “Don’t do the crim... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.11% -0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.11% -0.03 0.00 15 Yr. Fixed 6.52% -0.03 0.00 30 Yr. FHA 6.62% -0.03 0.00 30 Yr. Jumbo 7.38% -0.02 0.00 5/1 ARM 6.80% -0.08 0.00 30 Yr. VA 6.63% -0.07 0.00 Updates Daily - Last Update: 2/20 15 Yr. Fixed Rate 6.52% -0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% +0.13 0.00 15 Yr. Fixed 6.12% +0.22 0.00 Updates Weekly - Last Update: 2/15 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.87% +0.07 0.65 15 Yr. Fixed 6.53% +0.12 0.94 30 Yr. Jumbo 7.00% +0.12 0.39 Updates Weekly - Last Update: 2/14 MBS / Treasuries UMBS 30YR 5.5 98.75 +0.03 Price / Yield Change MBS UMBS 5.5 98.75 +0.03 UMBS 6.0 100.31 +0.08 GNMA 5.5 99.20 +0.03 GNMA 6.0 100.39 +0.09 Pricing as of: 2/20 5:31PM EST 10 Year US Treasury 4.2750 -0.0060 Price / Yield Change US Treasury 2 YR Treasury 4.614 -0.030 5 YR Treasury 4.253 -0.023 7 YR Treasury 4.282 -0.014 10 YR Treasury 4.275 -0.006 30 YR Treasury 4.447 +0.010 Pricing as of: 2/20 5:31PM EST Latest Video The Fed has to think 'much harder' about the soft landing glide path to 2%,... Former Dallas Fed Pres. Richard Fisher: Market expectation for six rate cut... Inflation is not going to come down fast enough for rates to follow, says K... KBW CEO on banking warning signs: Commercial real estate losses not a syste... Around the Web Marketwatch Traders are 'flirting' with the idea of a Fed rate hike as January meeting minutes loom CNBC A flood insurance quirk makes basements a bad place to keep your stuff Calculated Risk Blog Existing Home Sales: Lawler vs. the Consensus Eye on Housing Declines for Custom Home Building Calculated Risk Blog Single Family Built-for-Rent Almost Doubled Since 2020 CNBC Bank of England rate cuts likely later but larger, Goldman Sachs says CNBC 2-year Treasury yield falls as investors weigh economic outlook Calculated Risk Blog Realtor.com Reports Active Inventory UP 13.9% YoY; New Listings up 9.5% YoY CNBC Mortgage rates shoot to 2-month high after new report shows inflation is still hot Calculated Risk Blog Lawler: Update on Invitation Homes Rental Trends Marketwatch Fed's Daly says patience is needed to finish the job on inflation Eye on Housing Residential Building Material Price Increase to Start 2024 Calculated Risk Blog GDP Tracking: Q1 Moving Down

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