Mortgage Rates Recover After Starting Slightly Higher

Stocks Save Bonds From Modest Losses You won't always be able to count on the market dynamics we've seen over the past few weeks, but during that time, they've been pretty reliable. Specifically, steep losses in stocks have been helping the bond market more often than not, and today was another example. Bonds started out in slightly weaker territory after the PPI data suggested higher PCE inflation. PCE doesn't come out for 2 weeks, and PPI's top line numbers were good, but markets care more about PCE, hence the paradoxical reaction. Stocks began swooning in earnest in the 11am hour, and bond yields followed suit. After topping out at 4.35%, 10yr yields fell to 4.25+ before leveling off. Econ Data / EventsMonthly Core PPI-0.1 vs 0.3 f'cast, 0.5 prev Yearly Core PPI3.4 vs 3.5 f'cast, 3.8 prev Jobless Claims220k vs 225k f'cast, 222 prev Market Movement Recap08:44 AM Slightly weaker overnight with additional losses after paradoxical PPI suggests weaker PCE. MBS down and eighth and 10yr up 3.3bps at 4.344 11:28 AM Bonds moving into positive territory. No obvious motivations apart from stock market weakness and/or technicals. 10yr down almost 1bp at 4.305 and MBS unchanged. 02:54 PM Rally continued with stock selling and bounced with stocks. MBS up 2 ticks (.06) and 10yr down 3.6bps at 4.275

March 13, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Stocks Save Bonds From Modest Losses Stocks Save Bonds From Modest Losses You won't always be able to count on the market dynamics we've seen over the past few weeks, but during that time, they've been pretty reliable. Specifically, steep ... (read more) Mortgage Rate Watch Mortgage Rates Recover After Starting Slightly Higher Mortgage rates hit their highest levels in just over 2 weeks yesterday and they were on track to remain unchanged today. In fact, the average lender offered the exact same 30yr fixed rate when this morning's initial barrage of rate sheets came out. ... (read more) Rob Chrisman Correspondent and Wholesale News; Equity Monitoring, AVM, Accounting Tools; Tech in Capital Markets; Non-Agency News Teddy Roosevelt thought that lawyers are trained to serve clients and not justice. An interesting discussion topic. Residential lending certainly has its share of legal proceedings and suits, but commercial lending does as well. For example, Wells Fa... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% -0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% -0.04 0.00 15 Yr. Fixed 6.23% -0.01 0.00 30 Yr. FHA 6.22% 0.00 0.00 30 Yr. Jumbo 7.00% 0.00 0.00 7/6 SOFR ARM 6.45% +0.01 0.00 30 Yr. VA 6.24% 0.00 0.00 Updates Daily - Last Update: 3/13 15 Yr. Fixed Rate 6.23% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.65% +0.02 0.00 15 Yr. Fixed 5.80% +0.01 0.00 Updates Weekly - Last Update: 3/13 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 99.74 +0.07 Price / Yield Change MBS UMBS 5.5 99.74 +0.07 UMBS 6.0 101.36 +0.02 GNMA 5.5 100.01 +0.00 GNMA 6.0 101.38 -0.01 Pricing as of: 3/13 5:31PM EST 10 Year US Treasury 4.2711 -0.0403 Price / Yield Change US Treasury 2 YR Treasury 3.956 -0.026 5 YR Treasury 4.028 -0.053 7 YR Treasury 4.152 -0.042 10 YR Treasury 4.271 -0.040 30 YR Treasury 4.590 -0.042 Pricing as of: 3/13 5:31PM EST Latest Video D.C. area sees outsized increase in active home listings as DOGE cuts hit m... Treasury Sec. Bessent: We're focused on ‘real economy,' not concerned about... Wholesale price measure was flat in February, compared with expected increa... U.S. has spent $478 billion on interest costs fiscal year-to-date, up 17% v... Around the Web CNBC Treasury Secretary Bessent said the White House is focused on the 'real economy' and not concerned about 'a little' market volatility CNBC Why this week's positive inflation reports won't look as good to the Fed NAHB Prices and Trends in the U.S. Framing Lumber Market CNBC Wholesale price measure was flat in February, compared with expected increase Market Watch Bond rally fizzles despite cool CPI inflation reading. What that says about investors. Calculated Risk Blog The "Home ATM" Mostly Closed in Q4 Marketwatch Trump set to nominate Michelle Bowman as Feds top bank supervisor Eye on Housing Softwood Lumber Prices Continue to Lead Price Growth for Building Materials Marketwatch Jobless claims little changed, while impact from government spending cuts expected later this spring Calculated Risk Blog Part 2: Current State of the Housing Market; Overview for mid-March 2025 Calculated Risk Blog YoY Measures of Inflation: Services, Goods and Shelter CNBC Treasury yields are little changed as investors await PPI report Calculated Risk Blog Fed's Flow of Funds: Household Net Worth Increased $0.2 Trillion in Q4

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