Mortgage Rates Slightly Higher Over The Weekend

Uneventful Monday as Traders Keep Options Open Bonds traders are keeping options open, both literally and figuratively. Open interest in Treasury options increased to start the new week, but that's neither a surprise, nor particularly relevant for our purposes. We're more interested in the relatively flat performance to begin the new week. Granted, bonds lost a bit of ground versus Friday's latest levels, but managed to retain most of the day's gains. Today's trading was very flat after the initial pull-back, tacitly suggesting rates are open to suggestions from this week's data and events. Market Movement Recap09:48 AM Bonds pushing back against overnight weakness at 8:20am CME open. Leveling off now with MBS down an eighth and 10yr up 2.4bps at 4.066. 01:33 PM perfectly flat all morning after initial rally. MBS down 3 ticks (.09) and 10yr yields up 4.4bps at 4.086.

August 7, 2023 Download our Mobile App: Download our Mobile App: MBS Commentary Uneventful Monday as Traders Keep Options Open Uneventful Monday as Traders Keep Options Open Bonds traders are keeping options open, both literally and figuratively. Open interest in Treasury options increased to start the new week, but that's neit... (read more) Mortgage Rate Watch Mortgage Rates Slightly Higher Over The Weekend Mortgage rates are starting out the new week at modestly higher levels compared to last Friday afternoon. The average change is very small. Many borrowers would see no difference in today's rate quotes. A few lenders are marginally ... (read more) Rob Chrisman Closing Gifts, USDA, Non-QM, POS, VOI, Broker Shopping Products; Freddie/Fannie News; Training Jordan Peele met his famous comedy partner Keegan-Michael Key around 2002 at Second City in Chicago, and eventually performed this classic routine that every air traveler should see. This morning I head to Chicago, and from there to the MMLA event in... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.06% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.06% +0.03 0.00 15 Yr. Fixed 6.42% +0.02 0.00 30 Yr. FHA 6.72% +0.04 0.00 30 Yr. Jumbo 7.13% +0.01 0.00 5/1 ARM 7.06% +0.01 0.00 30 Yr. VA 6.75% +0.07 0.00 Updates Daily - Last Update: 8/7 15 Yr. Fixed Rate 6.42% +0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.90% +0.09 0.00 15 Yr. Fixed 6.25% +0.14 0.00 Updates Weekly - Last Update: 8/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% +0.06 0.68 15 Yr. Fixed 6.39% +0.02 0.78 30 Yr. Jumbo 6.89% -0.01 0.58 Updates Weekly - Last Update: 8/2 MBS / Treasuries UMBS 30YR 5.5 98.83 -0.23 Price / Yield Change MBS UMBS 5.5 98.83 -0.23 UMBS 6.0 100.33 -0.25 GNMA 5.5 98.91 -0.22 GNMA 6.0 100.27 -0.30 Pricing as of: 8/7 5:31PM EST 10 Year US Treasury 4.1010 +0.0590 Price / Yield Change US Treasury 2 YR Treasury 4.787 +0.019 5 YR Treasury 4.177 +0.038 7 YR Treasury 4.144 +0.051 10 YR Treasury 4.101 +0.059 30 YR Treasury 4.273 +0.070 Pricing as of: 8/7 5:31PM EST Latest Video Black Knight: Housing affordability hits 38-year low The Fed is more likely to increase rates than cut in 2023, says Lindsey Gro... Fed Governor Bowman: Additional rate hikes 'likely' needed to moderate infl... Home prices hit record highs in 60% of U.S. markets Around the Web SF Federal Reserve Bank Where Is Shelter Inflation Headed? Reuters Fed’s Governor Bowman: Expects Additional Rate Increases Will Likely Be Needed To Lower Inflation To Target Calculated Risk Blog Black Knight Mortgage Monitor: Home Prices Increased Month-to-month to New Record High in June Calculated Risk Blog The impact of 7% Mortgage Rates Eye on Housing Dramatic Apartment Construction Time Slowing in 2022 CNBC Consumers may soon get up to $14,000 in rebates for making energy-efficient upgrades to their home if states sign on Calculated Risk Blog Housing August 7th Weekly Update: Inventory increased 0.7% Week-over-week; Down 10.3% Year-over-year CNBC Treasury yields rise as investors consider inflation outlook CNBC 'Soft landing, no recession,' Bank of America now predicts. Here's what consumers can expect Reuters Market gauge of euro zone inflation expectations at highest in at least a decade CNBC Here's how much cash you may have in your home, thanks to new record high prices CNBC Here's how much cash you may have in your home, thanks to new record high prices Calculated Risk Blog AAR: July Rail Carloads and Intermodal Decreased Year-over-year

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