Mortgage Rates Roughly Unchanged From Friday

Uneventful Start to What May be an Eventful Week When there are multiple examples of important events that can cause bond market volatility in any given week but that week begins without much volatility, the analysis writes itself. The words may vary, but the underlying message is one of "calm before the storm." And because the storm involves multiple economic reports that stand some chance of offsetting their directional implications, it's safer to say "calm before the potential storm." The most notable volatility today was driven by trades that existed due to month-end positional needs rather than a reaction to data/events. Thus, the biggest moves were seen at 9:30am and 3pm, but ultimately didn't leave trading levels far from Friday's latest. Econ Data / EventsChicago PMI42.8 vs 43.3 f'cast, 41.5 prev Market Movement Recap09:45 AM No major reaction to data. 10yr up less than 1bp at 4.02. MBS down 2 ticks (.06). 12:51 PM modest additional gains with 10yr down 1.7bps at 3.996. MBS up an eighth. 02:21 PM Leveled off in PM and slipping slightly. MBS up 3 ticks (.09) and 10yr down 1bp at 4.003. 02:57 PM Giving up slightly more ground now. MBS unchanged (down just over an eighth from highs) and 10yr also unchanged at 3.957.

July 31, 2023 Download our Mobile App: Download our Mobile App: MBS Commentary Uneventful Start to What May be an Eventful Week Uneventful Start to What May be an Eventful Week When there are multiple examples of important events that can cause bond market volatility in any given week but that week begins without much volatility, the ... (read more) Mortgage Rate Watch Mortgage Rates Roughly Unchanged From Friday As the new week begins, mortgage rates are almost perfectly in line with those seen on Friday afternoon. Putting that in context, last Thursday and Friday marked the highest rates in weeks although Friday was quite a bit better. In both c... (read more) Rob Chrisman Efficiency, POS, Policy and Procedure Tools; Events and Webinars Entering August; More "Soft Landing" Talk? “Yesterday I completed a chore I’ve been putting off for four months. It took me 20 minutes. I will learn nothing from this.” That sums up a lot of my tasks. But that was then, and today I head to Austin, the capital of Texas and where they just vote... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.04% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.04% -0.01 0.00 15 Yr. Fixed 6.38% -0.02 0.00 30 Yr. FHA 6.68% -0.02 0.00 30 Yr. Jumbo 7.10% 0.00 0.00 5/1 ARM 6.94% -0.01 0.00 30 Yr. VA 6.70% +0.02 0.00 Updates Daily - Last Update: 7/31 15 Yr. Fixed Rate 6.38% -0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.81% +0.03 0.00 15 Yr. Fixed 6.11% +0.05 0.00 Updates Weekly - Last Update: 7/27 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.87% 0.00 0.65 15 Yr. Fixed 6.37% +0.01 0.75 30 Yr. Jumbo 6.90% +0.01 0.64 Updates Weekly - Last Update: 7/26 MBS / Treasuries UMBS 30YR 5.5 99.23 -0.05 Price / Yield Change MBS UMBS 5.5 99.23 -0.05 UMBS 6.0 100.53 -0.06 GNMA 5.5 99.30 -0.08 GNMA 6.0 100.41 -0.11 Pricing as of: 7/31 5:31PM EST 10 Year US Treasury 3.9630 +0.0060 Price / Yield Change US Treasury 2 YR Treasury 4.889 +0.004 5 YR Treasury 4.184 +0.001 7 YR Treasury 4.084 +0.004 10 YR Treasury 3.963 +0.006 30 YR Treasury 4.012 -0.001 Pricing as of: 7/31 5:31PM EST Latest Video Red-hot rent market cracks: Rent growth falls below zero Falling inflation has more to do with post-pandemic effects than Fed hikes:... Johnson: There's a disconnect between the markets and economic data July final read on consumer sentiment downgraded to 71.6 Around the Web CNBC Banks say conditions for loans to businesses and consumers will keep getting tougher Reuters Dwindling excess savings could scupper markets' soft-landing hopes Eye on Housing Some Buyers Remain Engaged, Despite Lower Affordability First American Does Resurgent House Price Growth signal A Bottom in the Housing Market? CNBC Lebanon's central bank chief steps down and many blame him for the country's economic collapse Calculated Risk Blog Freddie Mac House Price Index Increased in June to New High; Up 1.7% Year-over-year Calculated Risk Blog Housing July 31st Weekly Update: Inventory increased 1.1% Week-over-week; Down 10.1% Year-over-year CNBC Treasury yields little changed as investors assess inflation outlook CNBC CNBC Daily Open: More signs the Fed might stop hikes Eye on Housing Housing Share of GDP Remains Lower in the Second Quarter of 2023 Federal Reserve Agencies update guidance on liquidity risks and contingencyplanning CNBC Euro zone economy shows resilience as second-quarter GDP beats expectations, inflation slips Calculated Risk Blog Fed SLOOS Survey: Banks reported Tighter Standards, Weaker Demand for All Loan Types

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