Mortgage Rates Little-Changed After Last Week's Improvement

Mortgage rates remain elevated relative to the levels seen in September and early October, but they've definitely moved down a bit from their recent highs. Thanksgiving week saw the lowest daily average rate in exactly a month, but there's never a guarantee the rate market will look the same on the following week. Thankfully, it's almost perfectly unchanged this time around. The average lender is still able to offer top tier conventional 30yr fixed rates just under 7% for the 4th straight day. There were no major sources of inspiration today, but that will change as the week progresses. Friday's jobs report is especially significant. The same report has had the biggest impact of any economic report on multiple occasions in the past few months.

December 2, 2024 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Little-Changed After Last Week's Improvement Mortgage rates remain elevated relative to the levels seen in September and early October, but they've definitely moved down a bit from their recent highs. Thanksgiving week saw the lowest daily average rate in exactly a month, but there's neve... (read more) MBS Commentary Morning Weakness a Simple Factor of Positioning It can be a bit tricky to understand the roll of various forms of positioning when it comes to otherwise inexplicable movement in the bond market. It's also a fairly vague term that can refer to several different things. These include month-end... (read more) Rob Chrisman HELOC, Appraisal Review, Subservicer Review Products; Webinars and Training; Interview With Rate's Shant Banosian I recall Zillow doing a study on the color of the front door impacting sales price. What does $22.5 million get you in Charleston, SC, especially if the place is owned by Trump’s nominee for the Secretary of Treasury? “Scott Bessent and his husband b... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.91% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.91% +0.03 0.00 15 Yr. Fixed 6.12% +0.03 0.00 30 Yr. FHA 6.22% 0.00 0.00 30 Yr. Jumbo 7.05% 0.00 0.00 7/6 SOFR ARM 6.82% 0.00 0.00 30 Yr. VA 6.23% -0.01 0.00 Updates Daily - Last Update: 12/2 15 Yr. Fixed Rate 6.12% +0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.81% -0.03 0.00 15 Yr. Fixed 6.10% +0.08 0.00 Updates Weekly - Last Update: 11/27 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 99.88 -0.16 Price / Yield Change MBS UMBS 5.5 99.88 -0.16 UMBS 6.0 101.17 -0.27 GNMA 5.5 100.17 -0.16 GNMA 6.0 101.16 -0.02 Pricing as of: 12/2 5:31PM EST 10 Year US Treasury 4.1931 +0.0226 Price / Yield Change US Treasury 2 YR Treasury 4.182 +0.075 5 YR Treasury 4.087 +0.060 7 YR Treasury 4.137 +0.042 10 YR Treasury 4.193 +0.023 30 YR Treasury 4.366 +0.006 Pricing as of: 12/2 5:31PM EST Latest Video Fed Waller: Recent data raises the possibility inflation progress may have ... Fed officials see interest rate cuts ahead, but only ‘gradually,’ November ... 'Energy and lumber' are home builders' primary concerns around Canadian tar... U.S. 2-Year Treasury falls 3 bps following November Fed minutes Around the Web Marketwatch Fed's Waller says he supports rate cut at next meeting - for now CNBC Here's what the rise of homeowners associations means for buyers Calculated Risk Blog Housing Dec 2nd Weekly Update: Inventory down 1.7% Week-over-week, Up 27.1% Year-over-year Forex Live US November ISM manufacturing survey 48.4 vs 47.5 expected CNBC Treasury yields little changed as investors look to key labor data Calculated Risk Blog Construction Spending Increased 0.4% in October Calculated Risk Blog Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in October CNBC 10-year Treasury yield slips on holiday-shortened trading day Marketwatch Pending home sales inch up for the third month in a row: 'Home-buying momentum is building' Marketwatch Consumer spending climbs ahead of holidays. Households far from tapped out. CNBC Feds preferred inflation gauge rises to 2.3% annually, meeting expectations Marketwatch Durable-goods orders barely budge. No sign manufacturing slump is ending. Calculated Risk Blog Freddie Mac House Price Index Increased in October; Up 3.7% Year-over-year

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