Mortgage Rates Slightly Higher to Start Pivotal Week

Straightforward Session as Traders Wait For More Monday ended up being rather uneventful for the bond despite its role as the lead-off hitter for an all-star line-up. There were no significant economic reports on tap, but the 3yr Treasury auction managed to come in weak enough to prompt a bit of additional selling. Losses were short-lived and trading levels returned to pre-auction levels about 90 minutes later. That left a sideways-to-modestly-weaker tone intact for the day as traders wait for ultra-high consequence data and events on Wednesday. Market Movement Recap09:58 AM modestly weaker overnight and little-changed since then. MBS down 3 ticks (.09) and 10yr up 1.5bps at 4.476 01:40 PM a bit weaker after 3yr Treasury auction. 10yr up 2.8bps in total on the day at 4.489. MBS are down an eighth of a point in 6.0 coupons 03:20 PM Recovering some of the post-auction weakness now. MBS down 3 ticks (.09) and 10yr up 1.9bps at 4.48

June 10, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Straightforward Session as Traders Wait For More Straightforward Session as Traders Wait For More Monday ended up being rather uneventful for the bond despite its role as the lead-off hitter for an all-star line-up. There were no significant economic ... (read more) Mortgage Rate Watch Mortgage Rates Slightly Higher to Start Pivotal Week There's been a noticeable uptick in mortgage rate volatility over the past two weeks with a quick spike at the end of May, a nice drop in early June and then another spike last Friday following the jobs report. Of course everything's relative, ... (read more) Rob Chrisman Marketing, AI, 2nd Mortgage Products; Lender and Investor Processing and Fee News “It's half the price of living at home!” Meet the people swapping dry land for a perpetual cruise. Meanwhile, back in the real world, residential loan originators are spending their days helping existing borrowers with their 3 percent 30-year fixed r... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.17% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.17% +0.02 0.00 15 Yr. Fixed 6.62% +0.02 0.00 30 Yr. FHA 6.65% +0.01 0.00 30 Yr. Jumbo 7.38% +0.01 0.00 7/6 SOFR ARM 7.15% 0.00 0.00 30 Yr. VA 6.66% +0.01 0.00 Updates Daily - Last Update: 6/10 15 Yr. Fixed Rate 6.62% +0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.99% -0.04 0.00 15 Yr. Fixed 6.29% -0.07 0.00 Updates Weekly - Last Update: 6/6 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.07% +0.02 0.65 15 Yr. Fixed 6.75% +0.09 0.63 30 Yr. Jumbo 7.21% -0.01 0.41 Updates Weekly - Last Update: 6/5 MBS / Treasuries UMBS 30YR 6.0 100.17 -0.09 Price / Yield Change MBS UMBS 6.0 100.17 -0.09 UMBS 6.5 101.74 -0.01 GNMA 6.0 100.41 -0.08 GNMA 6.5 101.41 -0.03 Pricing as of: 6/10 5:31PM EST 10 Year US Treasury 4.4665 +0.0315 Price / Yield Change US Treasury 2 YR Treasury 4.883 -0.006 5 YR Treasury 4.482 +0.021 7 YR Treasury 4.475 +0.025 10 YR Treasury 4.467 +0.032 30 YR Treasury 4.593 +0.037 Pricing as of: 6/10 5:31PM EST Latest Video Fed has hit its objective, so they should lower rates: Moody's Mark Zandi High exposure to commercial real estate poses a risk to regional banks, say... There should not be a rate cut in 2024, says Catalyst Capital's David Mille... Regional banks can 'earn their way out of risk' from commercial real estate... Around the Web CNBC What to expect from the housing market in the second half of 2024, according to real estate experts Calculated Risk Blog Housing June 10th Weekly Update: Inventory up 1.1% Week-over-week, Up 37.8% Year-over-year CNBC Treasury yields rise as investors look to Fed meeting, inflation data CNBC Student loan bills may soon see 'a dramatic drop,' expert says. Here's what to know about the change CNBC Heres where the jobs are for May 2024 in one chart Calculated Risk Blog The "Home ATM" Mostly Closed in Q1 CNBC U.S. job gains totaled 272,000 in May, more than expected Calculated Risk Blog 1st Look at Local Housing Markets in May CNBC Market backs off on hopes for interest rate cuts following strong jobs report Calculated Risk Blog Comments on May Employment Report CNBC Treasury yields rise ahead of May jobs report Calculated Risk Blog Fed's Flow of Funds: Household Net Worth Increased $5.1 Trillion in Q1 Calculated Risk Blog Q2 GDP Tracking: 1.6% to 3.1%

© 2024 Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: newsletter@newslettercollector.com. Go here to UNSUBSCRIBE from this email.