By Friday, there's a distinct possibility that you'll be tired of hearing different versions of the same story.  The plot: last Friday's jobs report prevented rates from falling back into the mid-6% range, but wasn't enough to propel rates well into the 7% range. Without much by way of highly consequential data on the calendar, it makes sense that bigger movements might be on hold until next week's dynamic duo (Consumer Price Index and the Fed) takes the stage. True to the plot, today saw very little change in the average 30yr fixed rate.  That absence of change mirrors unchanged levels in the underlying bond market.
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June 6, 2023
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Mortgage Rate Watch
By Friday, there's a distinct possibility that you'll be tired of hearing different versions of the same story.  The plot: last Friday's jobs report prevented rates from falling back into the mid-6% range, but wasn't enough to propel rates well ... (read more)
MBS Commentary
Nothing to See Here It would be hard to make a case for any other day in the past month being more boring than today.  Indeed it was the first true "inside day" (today's range contained inside the previo... (read more)
Rob Chrisman
Well, what should we start with today? How about how California and Texas ranked highest on the United States Postal Service’s annual list of states with the most dog bites against its employees? Or how ‘bout Freedom Mortgage Corporation filing a not... (read more)
Mortgage Rates
MBS / Treasuries