Mortgage Rates Hold Steady Ahead of Retail Sales Data

Thursday Morning is This Week's Biggest Volatility Risk While there was certainly a bit of an upward drift in Treasury yields through the end of last week, mortgage rates and MBS saw it as a bit more of a sideways grind. Last Thursday's data had a chance to create some momentum, but ultimately failed. Thursday is also this week's most active day for potentially significant econ data with Retail Sales likely getting the most attention. That said, "attention" has a lot to do with the size of beat/miss. As always, the market is already priced to reflect the median forecast, so there's no way to know if one outcome is more likely than another. What we do know is that Thursday's data is not in the same league as the big jobs report or several other events in early November. It's just the best we have this week. Market Movement Recap08:51 AM Stronger overnight but losing some ground early. MBS unchanged. 10yr down 1.1bps at 4.022 12:34 PM modest gains into the noon hour. MBS up 2 ticks (.06) and 10yr down 2.3bps at 4.01 03:19 PM Very sideways. MBS up 3 ticks (.09) and 10yr down 1.5bps at 4.018

October 16, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Thursday Morning is This Week's Biggest Volatility Risk Thursday Morning is This Week's Biggest Volatility Risk While there was certainly a bit of an upward drift in Treasury yields through the end of last week, mortgage rates and MBS saw it as a bit more of a sid... (read more) Mortgage Rate Watch Mortgage Rates Hold Steady Ahead of Retail Sales Data Mortgage rates have been holding in a fairly narrow range since the middle of last week and today was one of the least interesting additions to the trend. The average lender is essentially unchanged versus yesterday, up a mere 0.01%, but down 0... (read more) Rob Chrisman Correspondent, Fraud Reporting, Compliance, Default Servicing Products; Fairway Responds to CFPB/DOJ's Action An attorney will tell you, “Never miss a good chance to shut up.” Today I head to the Portland/Vancouver area for a few days with Banner Bank. Oregon has 12,000 licensed attorneys, Washington 27,000; number of regulators and administrators unknown. (... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.63% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.63% +0.01 0.00 15 Yr. Fixed 6.07% 0.00 0.00 30 Yr. FHA 6.08% -0.01 0.00 30 Yr. Jumbo 6.74% 0.00 0.00 7/6 SOFR ARM 6.53% -0.02 0.00 30 Yr. VA 6.10% 0.00 0.00 Updates Daily - Last Update: 10/16 15 Yr. Fixed Rate 6.07% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.32% +0.20 0.00 15 Yr. Fixed 5.41% +0.16 0.00 Updates Weekly - Last Update: 10/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.13% -0.03 0.57 15 Yr. Fixed 5.47% +0.05 0.52 30 Yr. Jumbo 6.47% +0.06 0.50 Updates Weekly - Last Update: 9/25 MBS / Treasuries UMBS 30YR 5.0 98.90 +0.10 Price / Yield Change MBS UMBS 5.0 98.90 +0.10 UMBS 5.5 100.41 +0.09 GNMA 5.0 99.30 +0.17 GNMA 5.5 100.50 0.00 Pricing as of: 10/16 5:31PM EST 10 Year US Treasury 4.0156 -0.0175 Price / Yield Change US Treasury 2 YR Treasury 3.939 -0.008 5 YR Treasury 3.843 -0.013 7 YR Treasury 3.919 -0.013 10 YR Treasury 4.016 -0.018 30 YR Treasury 4.300 -0.020 Pricing as of: 10/16 5:31PM EST Latest Video South Florida sees jump in unsold homes even before Hurricane Milton and He... Former ECB president weighs in on the ECB rate decision Thursday Expect to see market volatility going into the election, says Requisite’s B... Holmes: We have strong economic vibrancy. Around the Web Marketwatch Fannie Mae CEO says she has never seen a housing market like this before CNBC Holiday shoppers plan to spend more, while taking on debt this season Calculated Risk Blog MBA: Mortgage Applications Decreased in Weekly Survey Eye on Housing Single-Family Permits Higher in August 2024 CNBC Buying a home? Here are some key steps to consider from top-ranked advisors Marketwatch The bond market may be at risk from inflationary forces beyond the Feds control CNBC U.S. crude oil falls below $71 per barrel, continuing sell-off CNBC 10-year Treasury yield dips slightly as traders weigh up Fed officials' comments forexlive Trump says he would be a better Fed chairman than Powell Marketwatch Feds Daly open to skipping rate cut at one of two remaining meetings this year Calculated Risk Blog Part 2: Current State of the Housing Market; Overview for mid-October 2024 Eye on Housing Community Associations on the Rise in 2023 Marketwatch Claudia Sahm says her namesake recession indicator may have been a false alarm this time

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