Mortgage Rates Move Slightly Higher

2nd Straight Day of Losses. Blame Data or Stocks? We already saw the end of the bond market's 9 day winning streak with yesterday's big mid-day reversal. Today makes it extra official with modestly weaker close. That may not have been our destiny. In fact, at 9:59AM ET, it looked like yields were happy to push back toward Tuesday's lows, but things changed after the 10am ISM data. While it's clear that ISM sent yields quickly higher, the rest of the day's trading is a matter of debate or perspective. The key question is whether bonds would have lost as much ground as they did had it not been for a stock market recovery. Probably not, but the additional weakness attributable to stocks/sentiment was fairly small. Bottom line: for now, data still deserves more of the blame. Econ Data / EventsADP Employment77k vs 140k f'cast, 186k prev ISM Services53.5 vs 52.6 f'cast, 52.8 prev prices 62.6 vs 60.0 employment 53.9 vs 52.3 Market Movement Recap08:51 AM Sideways to slightly weaker overnight, but bouncing back after ADP data. MBS up just over an eighth and 10yr down 4.1bps at 4.203 11:32 AM Additional losses after ISM data, but holding ground now. MBS still up 1 tick (.03) and 10yr down 1.3bps at 4.232 02:09 PM New lows with MBS down 3 ticks (.09) and 10yr up 3.6bps at 4.28

March 5, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary 2nd Straight Day of Losses. Blame Data or Stocks? 2nd Straight Day of Losses. Blame Data or Stocks? We already saw the end of the bond market's 9 day winning streak with yesterday's big mid-day reversal. Today makes it extra official with modestly weaker clo... (read more) Mortgage Rate Watch Mortgage Rates Move Slightly Higher It's been a great couple of weeks for mortgage rates, largely mirroring the terrible couple of weeks for the stock market. A combination of downbeat econ data and economic concerns helped push investors away from stocks and into bonds (mortgage rates... (read more) Rob Chrisman New Rate President; Production, DPA, HELOC, Workflow Tools; Climate, Disaster, and Natural Hazard Updates Today involves a flight from Cancun to the West Coast. Maybe the news flow will cease for me in the six hours in the air, but the news flow impacting lenders, and government agencies involved with residential lending, continues. For example, the VA s... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.72% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.72% +0.02 0.00 15 Yr. Fixed 6.18% 0.00 0.00 30 Yr. FHA 6.14% +0.02 0.00 30 Yr. Jumbo 6.98% +0.03 0.00 7/6 SOFR ARM 6.35% +0.07 0.00 30 Yr. VA 6.15% +0.02 0.00 Updates Daily - Last Update: 3/5 15 Yr. Fixed Rate 6.18% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.76% -0.09 0.00 15 Yr. Fixed 5.94% -0.10 0.00 Updates Weekly - Last Update: 2/27 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% -0.02 0.66 15 Yr. Fixed 6.31% -0.04 0.70 30 Yr. Jumbo 7.03% +0.07 0.53 Updates Weekly - Last Update: 2/19 MBS / Treasuries UMBS 30YR 5.5 99.79 -0.12 Price / Yield Change MBS UMBS 5.5 99.79 -0.12 UMBS 6.0 101.45 -0.05 GNMA 5.5 100.01 -0.07 GNMA 6.0 101.29 -0.05 Pricing as of: 3/5 5:31PM EST 10 Year US Treasury 4.2814 +0.0372 Price / Yield Change US Treasury 2 YR Treasury 4.007 +0.010 5 YR Treasury 4.079 +0.031 7 YR Treasury 4.184 +0.036 10 YR Treasury 4.281 +0.037 30 YR Treasury 4.570 +0.033 Pricing as of: 3/5 5:31PM EST Latest Video Private employers added just 77,000 jobs in February, far below expectation... Seeing concerns about tariffs and pricing costs flowing through, says ISM S... Factory orders up 1.7% in January Fed Beige Book finds manufacturers are concerned over impact of trade polic... Around the Web CNBC The Federal Housing Administration could face layoffs what that may mean for homebuyers cnbc White House open to more exemptions after pausing auto tariffs CNBC Private employers added just 77,000 jobs in February, far below expectations, ADP says CNBC Tariffs could drive up new home prices by as much as $22,000, research finds Eye on Housing House Price Appreciation by State and Metro Area: Fourth Quarter 2024 CNBC Homebuyers are making bigger down payments. Coming up with that cash is still a struggle CNBC Weekly mortgage demand surges 20% higher, after interest rates drop to the lowest since last year Calculated Risk Blog Fannie and Freddie: Single Family Serious Delinquency Rates Increased in January; Fannie Mae Multi-Family Delinquency Rate Highest Since 2011 (ex-Pandemic) Marketwatch Fed’s Williams signals he’s content to hold interest rates steady at March meeting Calculated Risk Blog ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024 Calculated Risk Blog ISM Services Index Increased to 53.5% in February CNBC European Central Bank to make 'last easy rate cut' as tariffs, higher fiscal spending loom Eye on Housing HBGI Q4 2024: Single-Family Construction Ends Year with Growth

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