Mortgage Rates Uneventfully Higher

Bonds Increasingly Look Like They're Waiting For CPI It wouldn't be the first time and probably won't be the last that the bond market finds itself in a lull during a week that separates the most significant top tier economic data. Last Friday's NFP swung for the fences (in a bad way for rates), but it's not game over unless next week's CPI proves to be a bash brother. Between one and the other, it's a great time to hit the concession stand. This isn't to say exciting things can't happen outside of NFP and CPI-type reports, only that there's nothing on the calendar of scheduled events that demands attention until Tuesday morning at 8:30am ET. Econ Data / EventsJobless Claims218k vs 220k f'cast, 227k prev Market Movement Recap08:20 AM Modestly weaker overnight with losses led by Europe. MBS down 5 ticks (.16) and 10yr up 2bps at 4.135 10:47 AM modestly weaker drift with MBS now down 7 ticks and 10yr yields up 4bps at 4.154 12:49 PM Very flat through mid morning hours. MBS down 5 ticks (.16) and 10yr up 4.5bps at 4.16%. 01:08 PM Slightly stronger 30yr bond auction and a decent reaction in Treasuries. 10yr now up only 2.7bps at 4.142. MBS down an eighth of a point.

February 8, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Bonds Increasingly Look Like They're Waiting For CPI Bonds Increasingly Look Like They're Waiting For CPI It wouldn't be the first time and probably won't be the last that the bond market finds itself in a lull during a week that separates the most significant ... (read more) Mortgage Rate Watch Mortgage Rates Uneventfully Higher Mortgage rates were technically a hair higher today when compared with yesterday's latest offerings, but it's just as fair to say they've been unchanged since hitting recent highs on Monday. That pattern lines up with the well-known predisposit... (read more) Rob Chrisman AOT, HELOC, Fee Collection, Bidding Tools; Conforming News; STRATMOR's Ops Workshop; NYCB and Mortgage Prices Economists have their favorite indices to measure the health of the economy. GDP, if men are buying underwear, CPI, RV shipments, GDP, plastic surgery appointments, PCE, hemlines… tomorrow on The Mortgage Collaborative’s Rundown Skylar Olsen, the Chi... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.97% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.97% +0.02 0.00 15 Yr. Fixed 6.33% +0.03 0.00 30 Yr. FHA 6.23% +0.04 0.00 30 Yr. Jumbo 7.31% +0.01 0.00 5/1 ARM 6.56% +0.01 0.00 30 Yr. VA 6.25% +0.05 0.00 Updates Daily - Last Update: 2/8 15 Yr. Fixed Rate 6.33% +0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.64% +0.01 0.00 15 Yr. Fixed 5.90% -0.04 0.00 Updates Weekly - Last Update: 2/8 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.78% +0.03 0.63 15 Yr. Fixed 6.31% +0.07 0.59 30 Yr. Jumbo 6.94% +0.08 0.46 Updates Weekly - Last Update: 1/24 MBS / Treasuries UMBS 30YR 5.5 99.45 -0.13 Price / Yield Change MBS UMBS 5.5 99.45 -0.13 UMBS 6.0 100.84 -0.03 GNMA 5.5 99.78 -0.14 GNMA 6.0 100.84 0.00 Pricing as of: 2/8 5:31PM EST 10 Year US Treasury 4.1500 +0.0350 Price / Yield Change US Treasury 2 YR Treasury 4.452 +0.025 5 YR Treasury 4.114 +0.049 7 YR Treasury 4.146 +0.047 10 YR Treasury 4.150 +0.035 30 YR Treasury 4.351 +0.033 Pricing as of: 2/8 5:31PM EST Latest Video Treasury sells $25B in 30-year bonds CEOs are finally starting to feel the general momentum in the economy, says... The Fed is not in a 'hurry' to cut interest rates, says Oppenheimer's Ari W... CBO Director Phillip Swagel: U.S. deficit projected to climb to $2.6 trilli... Around the Web forexlive Fed's Collins: My baseline for rate cuts this year is 'similar' to the 75 bps in the SEP Calculated Risk Blog MBA: Mortgage Delinquencies Increase in Q4 2023 Eye on Housing Housing Affordability Remains Near Historic Low Level Wells Fargo Should We Worry About American Debt?: Time to Reconsider? Calculated Risk Blog Weekly Initial Unemployment Claims Decrease to 218,000 forexlive Richmond Fed Pres Barkin: Need to see more data to build confidence in inflation falling CNBC Treasury yields hold steady as investors weigh comments from Fed officials CNBC CNBC Daily Open: Banking troubles again roil markets Calculated Risk Blog Update: Lumber Prices Up 6% YoY Calculated Risk Blog Wholesale Used Car Prices "Flat" in December; Down 9.2% Year-over-year CNBC Over 18 million rental units are exposed to climate hazards as extreme weather becomes more common, Harvard study finds Calculated Risk Blog Trade Deficit at $62.2 Billion in December CNBC Treasury yields little changed as investors fret over monetary policy outlook

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