Mortgage Rates Hold Same Level For 3rd Straight Day

Absence of Data Leaves Focus on Technicals and the Waiting Game The extreme dearth of big ticket economic data was no mystery heading into the current week. Traders shouldn't have been surprised and they are doing a great job of showing it. Bonds traded ruthlessly flat yesterday and only slightly less so today. In the bigger picture, yields look to have bounced at 4.57 but also to be holding mostly sideways as they await inspiration for the next big move. For those who must connect movement to events, we can't disprove that traders erred on the side of selling ahead of today's 20yr bond auction, and were then more willing to buy after the reasonably decent auction results. Market Movement Recap11:03 AM sideways to slightly stronger overnight, but losing ground since 9am ET. MBS down 2 ticks (.06) and 10yr up 2.4 bps at 4.602 01:23 PM 20yr auction was relatively strong, but isn't helping much. MBS down 3 ticks (.09) and 10yr up 2.5bps at 4.603 03:10 PM Recovering a bit in the hours after the auction. MBS down 2 ticks (.06) and 10yr up 1.3bps at 4.591

January 22, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Absence of Data Leaves Focus on Techs and the Waiting Game Absence of Data Leaves Focus on Technicals and the Waiting Game The extreme dearth of big ticket economic data was no mystery heading into the current week. Traders shouldn't have been surprised and they are ... (read more) Mortgage Rate Watch Mortgage Rates Hold Same Level For 3rd Straight Day Given that rates take cues from bonds and bonds take cues from economic data, it's perhaps no surprise to see an absence of volatility in rates on a week that has very little to offer in terms of economic data. Still, mortgage rates usually manage to... (read more) Rob Chrisman Spanish, Housing Outlook, DPA Products; California Fire Update; Webinars This Week A fake image of Brad Pitt was used to scam a woman out of $850,000. (Hopefully every lender has set up policies and procedures regarding events like the CFO receiving an email from the CEO asking to blindly wire money for a “secret acquisition.”) Rem... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.08% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.08% 0.00 0.00 15 Yr. Fixed 6.50% -0.01 0.00 30 Yr. FHA 6.48% +0.03 0.00 30 Yr. Jumbo 7.35% 0.00 0.00 7/6 SOFR ARM 6.95% +0.03 0.00 30 Yr. VA 6.49% +0.02 0.00 Updates Daily - Last Update: 1/22 15 Yr. Fixed Rate 6.50% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 7.04% +0.11 0.00 15 Yr. Fixed 6.27% +0.13 0.00 Updates Weekly - Last Update: 1/16 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 98.47 -0.11 Price / Yield Change MBS UMBS 5.5 98.47 -0.11 UMBS 6.0 100.37 -0.07 GNMA 5.5 98.94 -0.12 GNMA 6.0 100.54 -0.05 Pricing as of: 1/22 5:31PM EST 10 Year US Treasury 4.6104 +0.0325 Price / Yield Change US Treasury 2 YR Treasury 4.300 +0.013 5 YR Treasury 4.436 +0.041 7 YR Treasury 4.524 +0.028 10 YR Treasury 4.610 +0.033 30 YR Treasury 4.825 +0.014 Pricing as of: 1/22 5:31PM EST Latest Video 4 rate cuts this year is our base case, says Wilmington Trust's Tony Roth Rates drop, yield curve flattens Former Treasury Secretary Mnuchin: The top economic priority has to be gove... Finance Committee votes to approve Bessent nomination as Treasury Secretary... Around the Web Eye on Housing U.S. Metro Areas in 2023: Real GDP, Construction, and Real Estate Insights CNBC Here's how climate change is reshaping home insurance costs in California and the rest of the U.S. CNBC Interest rates won't fall as fast as expected if tariffs stoke inflation, UBS CEO says Calculated Risk Blog MBA: Mortgage Applications Increased in Weekly Survey CNBC Treasury yields slide as investors weigh the state of the U.S. economy Calculated Risk Blog 3rd Look at Local Housing Markets in December Calculated Risk Blog MBA Survey: Share of Mortgage Loans in Forbearance Decreases to 0.47% in December Calculated Risk Blog NMHC on Apartments: "Looser market conditions for the tenth consecutive quarter" CNBC U.S. crude oil falls more than 2% as Trump weighs tariffs, aims to boost energy production CNBC Europe bank bosses yearn for M&A as U.S. dealmaking expected to take off CNBC Europe must be prepared for Trump tariffs, European Central Bank chief warns Calculated Risk Blog AIA: Architecture Billings "End the year on a weak note" Fannie Mae Higher Mortgage Rates Likely to Keep Existing Home Sales Near Multi-Decade Lows

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