Mortgage Rates Roughly Unchanged Over The Weekend

Bonds Start Week Off With a Bang After a weaker overnight session, bonds bounced back swiftly after this morning's ISM Manufacturing data. The headline was roughly as-expected, but sharply weaker employment and "new orders" outweighed the highest "prices paid" component in more than 2 years. It took less than 15 minutes for moderate losses to flip to moderate gains. Very little happened after that apart from a slow and mostly steady trickle to even stronger levels. It bears repeating that the gains were centered on econ data as opposed to any other news. Econ Data / EventsISM Manufacturing 50.3 vs 50.5 f'cast, 50.9 prev ISM Prices62.4 vs 56.2 f'cast, 54.9 prev ISM Employment47.6 vs 50.1 f'cast, 50.3 prev ISM New Orders48.6 vs 54.6 f'cast, 55.1 prev Market Movement Recap10:09 AM Bouncing back to positive territory after ISM data. MBS unchanged and 10yr down 2.1bps at 4.194 01:10 PM Stock losses spilling over to help bonds again. 10yr down 4.1bps at 4.174. MBS up 2 ticks (.06). 03:22 PM Best levels of the day. MBS up 3 ticks (.09) and 10yr down 5bps at 4.165

March 3, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Bonds Start Week Off With a Bang Bonds Start Week Off With a Bang After a weaker overnight session, bonds bounced back swiftly after this morning's ISM Manufacturing data. The headline was roughly as-expected, but sharply weaker employment a... (read more) Mortgage Rate Watch Mortgage Rates Roughly Unchanged Over The Weekend Mortgage rates faced a very small threat of a very small increase this morning. The underlying bond market was in weaker territory to start the day and that typically means mortgage lenders raise rates. Indeed, many lenders were slightly higher... (read more) Rob Chrisman Compliance, Homeowner Survey, Rate Lock Comparison Tools; UWM Earnings Can you believe it’s been five years since we were chuckling at, “I ran out of toilet paper and had to start using newspaper. Times are rough” and “The grocery stores in France look like tornadoes hit them. All that’s left is de brie.” Time and calen... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.74% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.74% 0.00 0.00 15 Yr. Fixed 6.23% +0.01 0.00 30 Yr. FHA 6.13% +0.01 0.00 30 Yr. Jumbo 7.05% 0.00 0.00 7/6 SOFR ARM 6.32% +0.07 0.00 30 Yr. VA 6.16% +0.01 0.00 Updates Daily - Last Update: 3/3 15 Yr. Fixed Rate 6.23% +0.01% 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 5.5 100.19 +0.12 Price / Yield Change MBS UMBS 5.5 100.19 +0.12 UMBS 6.0 101.66 +0.08 GNMA 5.5 100.32 +0.12 GNMA 6.0 101.40 +0.07 Pricing as of: 3/3 5:31PM EST 10 Year US Treasury 4.1598 -0.0560 Price / Yield Change US Treasury 2 YR Treasury 3.958 -0.041 5 YR Treasury 3.969 -0.041 7 YR Treasury 4.062 -0.051 10 YR Treasury 4.160 -0.056 30 YR Treasury 4.452 -0.055 Pricing as of: 3/3 5:31PM EST Latest Video Construction spending and ISM both miss in February Housing market is in a 'deep freeze,' says Moody's Analytics Mark Zandi January pending home sales fall 4.6% Former Kansas City Fed President: The Fed has some difficult dynamics to be... Around the Web Federal Reserve Bank of Atlanta Atlanta Fed GDPNow Estimate for 2025: Q1 PR Newswire US February ISM manufacturing 50.3 vs 50.8 expected Calculated Risk Blog Housing March 3rd Weekly Update: Inventory down 0.1% Week-over-week, Up 28.3% Year-over-year Eye on Housing January Private Residential Construction Spending Dips CNBC Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say Yahoo Fed's Musalem expects continued economic growth, but sees risks in recent data CNBC Treasury yields edge higher as investors await tariff news CNBC Euro zone inflation dips less than expected to 2.4% in February Calculated Risk Blog Q1 GDP Tracking: Wide Range, GDPNow Goes Negative CNBC CFPB leaders and Musks DOGE plan to fire nearly all staff and wind down agency, employees say CNBC Fed's favorite core inflation measure hits 2.6% in January, as expected Calculated Risk Blog PCE Measure of Shelter Decreases to 4.5% YoY in January Eye on Housing Multifamily Completions Rise Again Pushing Absorption Rates Lower

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