Lowest Mortgage Rates in a Month

Stronger Bonds, Before and After (And Regardless of) Economic Data Bonds were stronger overnight with 10yr yields hitting roughly 4.25% even before this morning's economic data came out. Now at the 3pm CME close, 10yr yields are still at 4.25% and they didn't stray too far from that midpoint in either direction. Data was neither friendly nor unfriendly and there was certainly no discernible reaction. We're left to chalk up the rally to serendipitous, temporary factors such as month-end trading, holiday weekend position squaring, and the proverbial skids being greased by a light liquidity environment. It was and always will be the plan to basically ignore market movement on Thanksgiving week and tune back in more attentively during jobs report week (i.e. next week). NOTE: we are not currently planning on scheduled commentary for this Friday's half day unless something momentous happens. Bonds will be open until 2pm ET. Econ Data / EventsGDP 2.8 vs 2.8 f'cast Jobless Claims213k vs 216k f'cast Continued Claims1.907m vs 1.910m f'cast Core PCE Q/Q 2.1 vs 2.2 f'cast, 2.8 prev Core PCE M/M0.3 vs 0.3 f'cast, 0.3 prev Core PCE Y/Y2.8 vs 2.8 f'cast, 2.7 prev Market Movement Recap09:19 AM moderately stronger overnight and no reaction to 8:30AM data. MBS up 6 ticks (.19) and 10yr down 5.2bps at 4.253 10:14 AM Modest weakness after PCE data. MBS still up 5 ticks (.16) and 10yr down 3.8bps at 4.268 but up from lows of 4.24 02:31 PM Near the best levels now. MBS up a quarter point and 10yr down 6.6bps at 4.24

November 27, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Stronger Bonds, Before and After (And Regardless of) Economic Data Stronger Bonds, Before and After (And Regardless of) Economic Data Bonds were stronger overnight with 10yr yields hitting roughly 4.25% even before this morning's economic data came out. Now at the 3pm ... (read more) Mortgage Rate Watch Lowest Mortgage Rates in a Month The interest rate market continues the healing process after taking heavy damage in October. During the course of that month, the average top tier conventional 30yr fixed rate increased more than 0.75% and broke above 7.0% for the first time si... (read more) Rob Chrisman Automatic Workflow, POS, IRS Verification Tools; 2025 Conforming Loan Limits Begin 1/1 “Rob, my borrowers would be really happy with rates below 7 percent. When will we get there?” A wise economist with the MBA once told me, “If you’re going to give a number, don’t give a date. If you’re going to give a date, don’t give a number.” Prob... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.92% -0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.92% -0.03 0.00 15 Yr. Fixed 6.12% -0.25 0.00 30 Yr. FHA 6.25% -0.02 0.00 30 Yr. Jumbo 7.10% -0.08 0.00 7/6 SOFR ARM 6.90% -0.04 0.00 30 Yr. VA 6.25% -0.04 0.00 Updates Daily - Last Update: 11/27 15 Yr. Fixed Rate 6.12% -0.25% Rate Change Points Freddie Mac 30 Yr. Fixed 6.84% +0.06 0.00 15 Yr. Fixed 6.02% +0.03 0.00 Updates Weekly - Last Update: 11/21 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 99.66 +0.23 Price / Yield Change MBS UMBS 5.5 99.66 +0.23 UMBS 6.0 101.06 +0.18 GNMA 5.5 99.90 +0.10 GNMA 6.0 100.93 +0.12 Pricing as of: 11/27 5:31PM EST 10 Year US Treasury 4.2483 -0.0574 Price / Yield Change US Treasury 2 YR Treasury 4.220 -0.029 5 YR Treasury 4.121 -0.073 7 YR Treasury 4.180 -0.059 10 YR Treasury 4.248 -0.057 30 YR Treasury 4.430 -0.051 Pricing as of: 11/27 5:31PM EST Latest Video 'Energy and lumber' are home builders' primary concerns around Canadian tar... Fed officials see interest rate cuts ahead, but only ‘gradually,’ November ... U.S. 2-Year Treasury falls 3 bps following November Fed minutes New homes sales in October could be the exception rather than the rule, say... Around the Web Calculated Risk Blog Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in October CNBC Feds preferred inflation gauge rises to 2.3% annually, meeting expectations Marketwatch Pending home sales inch up for the third month in a row: 'Home-buying momentum is building' Hud FHA Loan Limits Officially Updated For 2025 Marketwatch Consumer spending climbs ahead of holidays. Households far from tapped out. CNBC Homebuyer demand for mortgages jumps 12%, after first interest rate drop in over 2 months CNBC Fed officials see interest rate cuts ahead, but only 'gradually,' minutes show Marketwatch Durable-goods orders barely budge. No sign manufacturing slump is ending. Marketwatch Jobless claims slide to 7-month low. Businesses not cutting many jobs. CNBC Treasury yields fall as investors await the Feds preferred inflation gauge Forex Live US Q3 GDP (second estimate) +2.8 vs +2.8% expected Calculated Risk Blog FOMC Minutes: "appropriate to move gradually toward a more neutral stance" Eye on Housing Small Gain for Multifamily Built-for-Sale Construction

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