Mortgage Rates Recover Some of Last Week's Losses

More Help From Stocks, But More Reluctance From Bonds Up until just after 3pm ET, the stock market was on pace for its worst day of the recent selling spree in terms of day-over-day losses, but a rebound looks to be underway in the final hour of the NYSE session. The swan dive gave us another opportunity to observe the stock/bond dynamic whereby the correlation starts to increase when stocks are making bigger moves. In general though, it's taken more and more convincing for bonds to even begin to move back toward recent lows. Case in point, 10yr yields stayed well clear of last week's better levels and they weren't even willing to break the AM lows despite the 3pm swan dive in stocks. A combination of upcoming Treasury auctions and important econ data (Wednesday's CPI) is a good enough justification, but even last week, we were already talking about the bond rally being a bit overbought from a momentum standpoint. Market Movement Recap10:01 AM Stronger overnight, mostly in European hours. MBS up 6 ticks (.19) and 10yr down 7.4bps at 4.224 01:14 PM Perfectly unchanged from previous update. 03:13 PM Additional gains as stocks swoon. MBS up nearly a quarter point. 10yr down nearly 9bps at 4.211 03:40 PM Stocks bounce back now and bond yields following. 10yr down 7.7bps at 4.22. MBS up 7 ticks (.22).

March 10, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary More Help From Stocks, But More Reluctance From Bonds More Help From Stocks, But More Reluctance From Bonds Up until just after 3pm ET, the stock market was on pace for its worst day of the recent selling spree in terms of day-over-day losses, but a rebound look... (read more) Mortgage Rate Watch Mortgage Rates Recover Some of Last Week's Losses Conventional 30yr fixed mortgage rates hit their lowest levels in months last Tuesday morning, with the average lender right in line with levels from mid October or early December. After that, rates rose steadily for the next two days and leveled off... (read more) Rob Chrisman HELOC, Processing, Compliance Tools; Rocket Buying Redfin; FHA/VA News; Recession Fears Increasing “Depression is merely anger without enthusiasm.” People flying around the nation have probably observed, or have heard, a change in the mood of airport security screeners. It turns out that the Trump Administration outlawed unions at TSA. Change is a... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.72% -0.07% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.72% -0.07 0.00 15 Yr. Fixed 6.18% -0.02 0.00 30 Yr. FHA 6.14% -0.03 0.00 30 Yr. Jumbo 6.97% -0.02 0.00 7/6 SOFR ARM 6.42% +0.07 0.00 30 Yr. VA 6.16% -0.04 0.00 Updates Daily - Last Update: 3/10 15 Yr. Fixed Rate 6.18% -0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.63% -0.13 0.00 15 Yr. Fixed 5.79% -0.15 0.00 Updates Weekly - Last Update: 3/6 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% -0.02 0.66 15 Yr. Fixed 6.31% -0.04 0.70 30 Yr. Jumbo 7.03% +0.07 0.53 Updates Weekly - Last Update: 2/19 MBS / Treasuries UMBS 30YR 5.5 100.00 +0.21 Price / Yield Change MBS UMBS 5.5 100.00 +0.21 UMBS 6.0 101.59 +0.11 GNMA 5.5 100.09 +0.08 GNMA 6.0 101.39 +0.06 Pricing as of: 3/10 5:31PM EST 10 Year US Treasury 4.2236 -0.0737 Price / Yield Change US Treasury 2 YR Treasury 3.898 -0.096 5 YR Treasury 3.983 -0.097 7 YR Treasury 4.107 -0.083 10 YR Treasury 4.224 -0.074 30 YR Treasury 4.548 -0.050 Pricing as of: 3/10 5:31PM EST Latest Video Consumer spending declines for second straight month in February: CNBC/NRF ... NY Fed: Inflation expectations are unchanged but remain elevated Mester: Fed is well placed to respond to economic uncertainty U.S. payroll growth totals 151,000 in February, less than expected Around the Web Calculated Risk Blog Part 1: Current State of the Housing Market; Overview for mid-March 2025 Eye on Housing How Rising Costs Affect Home Affordability CNBC Treasury yields fall as investors weigh the state of the U.S. economy CNBC Kugler says Fed should hold interest rates amid inflation risks Calculated Risk Blog Housing March 10th Weekly Update: Inventory up 0.5% Week-over-week, Up 28.3% Year-over-year Federal Reserve Economic Outlook - Chair Jerome H. Powell CNBC Powell says Fed is awaiting 'greater clarity' on Trump policies before making next move on rates CNBC Heres where the jobs are for February 2025 in one chart Eye on Housing Refinancing Drives Mortgage Activity Higher in February Calculated Risk Blog Asking Rents Mostly Unchanged Year-over-year Fannie Mae What's Driving the Increasing Importance Consumers Place on Their Homes CNBC Watch Fed Chair Powell speak live about the economy and where interest rates go from here Calculated Risk Blog Q1 GDP Tracking: Mid-to-High 1% Range

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