Mortgage Rates Rise to Match 6 Month Highs

Orderly Move to Highest Yields in 8 Months Bonds reacted logically to this morning's econ data at 10am. ISM Services' inflation component was one of the worst offenders, but higher job openings didn't help. The spike in yields was instantaneous but fairly well contained. Bonds managed to drift sideways for the entire session after that with no discernible reaction to the 10yr Treasury auction (not a surprise considering it was very close to expected levels). All told, yields inched up to the highest since April 2024, but in a very orderly way. Econ Data / EventsJob Openings8.098m vs 7.7m f'cast, 7.839m f'cast ISM Services54.1 vs 53.3 f'cast, 52.1 prev ISM Services Prices64.4 vs 57.5 f'cast, 58.2 prev Market Movement Recap10:17 AM Just slightly weaker overnight with additional selling after ISM data. MBS down 6 ticks (.19) and 10yr up 4.6bps at 4.678 01:04 PM No major reaction to ho-hum Treasury auction. 10yr up 4.3bps at 4.676 and MBS down just over an eighth. 04:11 PM Sideways since 10am, essentially, with MBS down 6 ticks (.19) and 10yr up 5.9bps at 4.691

January 7, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Orderly Move to Highest Yields in 8 Months Orderly Move to Highest Yields in 8 Months Bonds reacted logically to this morning's econ data at 10am. ISM Services' inflation component was one of the worst offenders, but higher job openings didn't h... (read more) Mortgage Rate Watch Mortgage Rates Rise to Match 6 Month Highs We came into the current week knowing that rates would take cues from any clear cues in this week's economic data. In general, that means higher rates in response to stronger data or lower rates if the data is weaker. Today's data w... (read more) Rob Chrisman Servicing Tools; Fee Collection, HMDA Compliance Tools; CFPB, Credit Reports, Gov't News “We all get the same 365 days. The only difference is what we do with them.” In 2024 a lot of lenders buckled down every day. Time to take a breather? Maybe not: mortgage bankers still face pressure on profit margins. In today’s Advisory Angle at 11A... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.14% +0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.14% +0.04 0.00 15 Yr. Fixed 6.50% 0.00 0.00 30 Yr. FHA 6.50% +0.07 0.00 30 Yr. Jumbo 7.37% +0.02 0.00 7/6 SOFR ARM 7.03% +0.01 0.00 30 Yr. VA 6.50% +0.05 0.00 Updates Daily - Last Update: 1/7 15 Yr. Fixed Rate 6.50% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.91% +0.06 0.00 15 Yr. Fixed 6.13% +0.13 0.00 Updates Weekly - Last Update: 1/2 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.75% 0.00 0.66 15 Yr. Fixed 6.15% 0.00 0.71 30 Yr. Jumbo 6.86% 0.00 0.61 Updates Weekly - Last Update: 12/25 MBS / Treasuries UMBS 30YR 5.5 98.22 -0.18 Price / Yield Change MBS UMBS 5.5 98.22 -0.18 UMBS 6.0 100.26 -0.07 GNMA 5.5 98.79 -0.14 GNMA 6.0 100.57 +0.00 Pricing as of: 1/7 5:31PM EST 10 Year US Treasury 4.6881 +0.0561 Price / Yield Change US Treasury 2 YR Treasury 4.293 +0.018 5 YR Treasury 4.468 +0.032 7 YR Treasury 4.580 +0.053 10 YR Treasury 4.688 +0.056 30 YR Treasury 4.917 +0.071 Pricing as of: 1/7 5:31PM EST Latest Video JOLTS data surges to 8 million, the highest level since May '24 Treasury sells $39 billion in 10-year notes Deregulation will have to proceed at a fairly typical pace: Wolfe Research’... JPMorgan’s Michael Feroli on his expectations for Friday's jobs report Around the Web Redfin More Than One-Third of Homeowners Say They’ll Never Sell FXStreet JOLTs Job Openings Beat Expectations; SP500 Falls Below 5960 Reuters US yields rise on strong data amid supply cnbc New federal rule removes medical debt from credit reports CNBC CFPB finalizes rule to remove estimated $49 billion in medical debt from credit reports Eye on Housing Construction Labor Market Tightens A Little Marketwatch $119 billion of U.S. government debt to be issued this week, raising questions about demand Marketwatch Economy gets holiday boost, ISM finds, but businesses worry about tariffs and inflation Calculated Risk Blog Moody's: Apartment Vacancy Rate Increased in Q4; Office Vacancy Rate at Record High CNBC Treasury yields hold steady as investors await fresh economic data Calculated Risk Blog Trade Deficit increased to $78.2 Billion in November CNBC Euro zone inflation rose to 2.4% in December, meeting expectations Fannie Mae Housing Sentiment Finishes 2024 Higher Despite December Dip

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