Lowest Mortgage Rates in More Than a Month

Thursday's Data Offered No Objection to Overnight Rally Thursday's PPI was just as tame as Wednesday's CPI and, for a moment, it looked like bonds were going to offer an encore performance of the post-CPI rally. But in Thursday's case, bonds had already rallied nearly that much in the overnight session. We're inclined to view this through the lens of Thursday's data standing aside for the momentum created by Wednesday's data. In other words, CPI prompted a lead-off rally and PPI didn't push back in the other direction. We can also give some credit to Jobless Claims where the continued claim number pushed up to another cycle high. Yields didn't stray far from where they were 10 minutes after the morning's data. Econ Data / EventsCore MM PPI0.1 vs 0.3 f'cast, -0.2 prev Core YY PPI3.0 vs 3.1 f'cast, 3.2 prev Monthly Headline PPI0.1 vs 0.2 f'cast, -0.2 prev Jobless Claims248k cs 240k f'cast, 248k prev Continued Claims1956k vs 1910k f'cast, 1902k prev Market Movement Recap08:36 AM MBS up a quarter point and 10yr down 6.2bps at 4.362 (most of these gains were before the data). 01:24 PM No sustained improvement despite decent 30yr auction. MBS up 9 ticks (.28) and 10yr down 5.5bps at 4.368 04:12 PM Heading out close enough to best levels with MBS up 9 ticks (.28) and 10yr yields down 6.7bps at 4.356

June 12, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Thursday's Data Offered No Objection to Overnight Rally Thursday's Data Offered No Objection to Overnight Rally Thursday's PPI was just as tame as Wednesday's CPI and, for a moment, it looked like bonds were going to offer an encore performance of the post-CPI ral... (read more) Mortgage Rate Watch Lowest Mortgage Rates in More Than a Month Mortgage rates being offered today are only a hair lower for the average lender than they were on June 4th, but June 4th was the best day since early May. In other words, today's average rate is the lowest in just over a month. This didn't hap... (read more) Rob Chrisman Correspondent, Jumbo, POS Tools; Fairway/Hallmark Deal; HELOC, 2nd, Non-QM News “I was always a home builder, but lately I’ve developed an apartment complex.” Here in Florida, so many structures are made of stucco because stucco is fairly inexpensive, creates a great finished look, and is easy to apply to homes constructed with ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.85% -0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.85% -0.04 0.00 15 Yr. Fixed 6.14% -0.06 0.00 30 Yr. FHA 6.39% -0.04 0.00 30 Yr. Jumbo 6.85% -0.17 0.00 7/6 SOFR ARM 6.37% -0.04 0.00 30 Yr. VA 6.40% -0.04 0.00 Updates Daily - Last Update: 6/12 15 Yr. Fixed Rate 6.14% -0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.84% -0.01 0.00 15 Yr. Fixed 5.97% -0.02 0.00 Updates Weekly - Last Update: 6/12 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% +0.01 0.64 15 Yr. Fixed 6.16% -0.09 0.66 30 Yr. Jumbo 6.93% +0.01 0.63 Updates Weekly - Last Update: 6/11 MBS / Treasuries UMBS 30YR 5.5 99.29 +0.27 Price / Yield Change MBS UMBS 5.5 99.29 +0.27 UMBS 6.0 101.14 +0.19 GNMA 5.5 99.62 +0.31 GNMA 6.0 101.14 +0.11 Pricing as of: 6/12 5:31PM EST 10 Year US Treasury 4.3572 -0.0656 Price / Yield Change US Treasury 2 YR Treasury 3.909 -0.039 5 YR Treasury 3.964 -0.057 7 YR Treasury 4.148 -0.061 10 YR Treasury 4.357 -0.066 30 YR Treasury 4.838 -0.081 Pricing as of: 6/12 5:31PM EST Latest Video Former NEC Director Gary Cohn: Price increases will take time to work throu... Sec. of Commerce Howard Lutnick: China will approve all applications for ma... Commerce Sec. Howard Lutnick: China tariff levels are set and won't change ... Wholesale price measure rose just 0.1% in May, below forecast Around the Web FXStreet U.S. Wholesale Inflation Cools Again—Is a Fed Pivot Now on the Table? Calculated Risk Blog Fed's Flow of Funds: Household Net Worth Decreased $1.6 Trillion in Q1 CNBC Is it smart to buy a home right now? The U.S. housing market is a 'mixed bag,' broker says Calculated Risk Blog Total Mortgage Equity Withdrawal (MEW) was Negative in Q1 CNBC Education Department wanted Treasury to help manage student loans Eye on Housing Producer Prices Rise in May: New Construction Input Analysis Forex Live US initial jobless claims 248K versus 240K estimate CNBC U.S. inflation rises 0.1% in May from prior month, less than expected CNBC U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago Calculated Risk Blog 2nd Look at Local Housing Markets in May CNBC 10-year Treasury yield little changed as U.S. trade relations remain in focus CNBC Gold is now the world's second-largest reserve asset but central bank appetite is waning CNBC Trump says China will supply rare earths in 'done' deal

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