Highest Mortgage Rates Since June

Some Volatility But Broadly Sideways Markets seemingly had a lot to get through today between economic data, the Treasury auction, and Fed Minutes. In addition, there were several headlines from Fed speakers and other policy makers that could have inspired some movement. Despite all that, and notwithstanding some back-and-forth volatility, bonds traded fairly flat. Moreover, trading levels remain in line with those seen just after yesterday morning's sell-off. Bonds are only open for a half day tomorrow and there are no major economic reports. The next big to-do is Friday morning's jobs report. Econ Data / EventsADP Employment 122k vs 140k f'cast, 146k prev Jobless Claims201k vs 218k f'cast, 211k prev Market Movement Recap08:37 AM Moderately weaker overnight and mixed since data came out. MBS unchanged and 10yr up 3bps at 4.713 12:54 PM MBS down 1 tick (.03) and 10yr up 0.8bps at 4.69 ahead of 30yr bond auction. 01:03 PM Gaining some ground after well-received 30yr bond auction. 10yr down 1bp at 4.673. MBS back to unchanged. 03:26 PM Two-way volatility after the last update, but not much change. MBS down 1 tick (.03) and 10yr down 0.4bps at 4.68

January 8, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Some Volatility But Broadly Sideways Some Volatility But Broadly Sideways Markets seemingly had a lot to get through today between economic data, the Treasury auction, and Fed Minutes. In addition, there were several headlines from Fed spe... (read more) Mortgage Rate Watch Highest Mortgage Rates Since June For the second day in a row, mortgage rates have moved higher at a modest to moderate pace. Unfortunately, that's been a trend so far in 2025 and it's compounded by the fact that rates were already close to their recent highs. The net effect is a mo... (read more) Rob Chrisman HELOC, Jumbo, CRM, Servicing Tools; Conventional Conforming News I can’t take credit for, “People don’t care about how much you know until they know how much you care.” Empathy and maintaining contacts are oh so important for LOs, brokers, whoever is in contact with a client. Despite mortgage rates being the highe... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.17% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.17% +0.03 0.00 15 Yr. Fixed 6.54% +0.04 0.00 30 Yr. FHA 6.50% 0.00 0.00 30 Yr. Jumbo 7.39% +0.02 0.00 7/6 SOFR ARM 7.01% -0.02 0.00 30 Yr. VA 6.52% +0.02 0.00 Updates Daily - Last Update: 1/8 15 Yr. Fixed Rate 6.54% +0.04% 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 98.23 +0.03 Price / Yield Change MBS UMBS 5.5 98.23 +0.03 UMBS 6.0 100.25 +0.02 GNMA 5.5 98.80 +0.04 GNMA 6.0 100.56 0.00 Pricing as of: 1/8 5:31PM EST 10 Year US Treasury 4.6846 +0.0022 Price / Yield Change US Treasury 2 YR Treasury 4.282 -0.001 5 YR Treasury 4.457 -0.016 7 YR Treasury 4.572 -0.003 10 YR Treasury 4.685 +0.002 30 YR Treasury 4.925 +0.008 Pricing as of: 1/8 5:31PM EST Latest Video Fed inclined to cut rates they just don't want to overdo it, says Morgan St... Michael Barr stepped down to protect the Fed, says Mohamed El-Erian Fed near point of slowing its policy easing following December cut, minutes... Treasury sells $22 billion in 30-year bonds Around the Web CNBC Fed officials are worried about the inflation impacts from Trump's policies, minutes show Reuters Treasury yield surge reflects expectations of more long-term debt CNBC Mortgage rates hit highest level since July, crushing application demand Marketwatch Jobless claims fall to a nearly one-year low as Trump set to take office Marketwatch Fed's Waller backs more rate cuts, says he doesn't think proposed Trump tariffs will spark inflation CNBC Janet Yellen: Covid stimulus may have contributed 'a little bit' to inflation CNBC Private sector companies added 122,000 jobs in December, less than expected, ADP says Bloomberg Trump Advisers Look to Reshape Fed Leadership as Roles Open cnbc New federal rule removes medical debt from credit reports Calculated Risk Blog 1st Look at Local Housing Markets in December Reuters US yields rise on strong data amid supply CNBC 10-year Treasury yield treads water ahead of jobs data, Fed minutes Eye on Housing Construction Labor Market Tightens A Little

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