Mortgage Rates Start New Week at 2 Month Lows

Mortgage rates were already in line with the lowest levels since December 18th by last Thursday. They dropped to the best levels since December 12th a day later. end of last week. When today's initial rate offerings came out, the average lender was unchanged from Friday, but as the day progressed, bonds improved and many lenders were able to offer a modest improvement. The result is that we can once again say that rates are the lowest since December 12th, even if most borrowers would see no difference in loan quotes from Friday. The bond market (which underlies and dictates interest rate movement) was very calm today after early gains. Investors are waiting to see Friday's PCE inflation data before making any big moves in either direction, but there is also some smaller risk of volatility surrounding other events this week. Honorable mentions include the Treasury auctions on each of the 2 following afternoons as well as Thursday morning's slate of economic data.

February 24, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Start New Week at 2 Month Lows Mortgage rates were already in line with the lowest levels since December 18th by last Thursday. They dropped to the best levels since December 12th a day later. end of last week. When today's initial rate offerings came out, the average lende... (read more) MBS Commentary Slow Start, No Data, But Holding Near 2025's Best Levels After a strong finish last week, there was some natural risk that short-covering and position squaring added to the gains, thus increasing the chance of some weakness this morning. While that may have been the case at first, things are changing since... (read more) Rob Chrisman HELOC, Market Intelligence, POS, Borrower Intention Tools; STRATMOR CD Workshop; Non-Agency News Today I head to Connecticut for a visit with First World Mortgage and the Northeast Mortgage Summit. Today happens to be rocker George Thorogood’s 75th birthday, and mortgage bankers know that he re-did Amos Milburn’s 1953 classic tale of rent collec... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.87% -0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.87% -0.02 0.00 15 Yr. Fixed 6.35% -0.02 0.00 30 Yr. FHA 6.23% -0.02 0.00 30 Yr. Jumbo 7.20% -0.02 0.00 7/6 SOFR ARM 6.73% -0.15 0.00 30 Yr. VA 6.24% -0.04 0.00 Updates Daily - Last Update: 2/24 15 Yr. Fixed Rate 6.35% -0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.85% -0.02 0.00 15 Yr. Fixed 6.04% -0.05 0.00 Updates Weekly - Last Update: 2/20 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 99.51 +0.16 Price / Yield Change MBS UMBS 5.5 99.51 +0.16 UMBS 6.0 101.25 +0.14 GNMA 5.5 99.83 +0.14 GNMA 6.0 101.08 +0.15 Pricing as of: 2/24 5:31PM EST 10 Year US Treasury 4.3984 -0.0276 Price / Yield Change US Treasury 2 YR Treasury 4.170 -0.023 5 YR Treasury 4.234 -0.036 7 YR Treasury 4.317 -0.032 10 YR Treasury 4.398 -0.028 30 YR Treasury 4.653 -0.029 Pricing as of: 2/24 5:31PM EST Latest Video Still believe housing is a great long-term theme, says Hightower's Stephani... A recession is unlikely and disinflation is likely toward year-end, says BN... Strong economic expectations have left more room for disappointment, says J... JPMorgan CEO Jamie Dimon: Consumers are back, almost normal Around the Web Eye on Housing Single-Family Home Size Increases Calculated Risk Blog The Normal Seasonal Change for Median House Prices CNBC Treasury yields inch higher as investors await a flurry of economic data this week Eye on Housing Gains for Custom Home Building CNBC Steve Cohen says tariffs and DOGE’s cuts are negative for economy, market correction could be soon Calculated Risk Blog Housing Feb 24th Weekly Update: Inventory Up 0.3% Week-over-week, Up 28.7% Year-over-year CNBC Home sales drop sharply as prices hit an all-time high for January Calculated Risk Blog February Vehicle Forecast: Sales Increase to 15.9 million SAAR, Up 1.5% YoY CNBC Home price growth has slowed. But high costs, economic worries have some buyers retreating Calculated Risk Blog ICE: Mortgage Delinquency Rate Decreased in January Calculated Risk Blog Q1 GDP Tracking: Around 2% CNBC Treasury yields edge lower as investors weigh the state of the U.S. economy Calculated Risk Blog California Home Sales Down 1.9% YoY in January; 4th Look at Local Housing Markets

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