Rates Remain Fairly Flat Compared to Last Week

By Friday, there's a distinct possibility that you'll be tired of hearing different versions of the same story. The plot: last Friday's jobs report prevented rates from falling back into the mid-6% range, but wasn't enough to propel rates well into the 7% range. Without much by way of highly consequential data on the calendar, it makes sense that bigger movements might be on hold until next week's dynamic duo (Consumer Price Index and the Fed) takes the stage. True to the plot, today saw very little change in the average 30yr fixed rate. That absence of change mirrors unchanged levels in the underlying bond market.

June 6, 2023 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Rates Remain Fairly Flat Compared to Last Week By Friday, there's a distinct possibility that you'll be tired of hearing different versions of the same story. The plot: last Friday's jobs report prevented rates from falling back into the mid-6% range, but wasn't enough to propel rates well ... (read more) MBS Commentary Nothing to See Here Nothing to See Here It would be hard to make a case for any other day in the past month being more boring than today. Indeed it was the first true "inside day" (today's range contained inside the previo... (read more) Rob Chrisman Webinars and Training; Servicing, CRM, Processing Automation Products; The Fed Next Week Well, what should we start with today? How about how California and Texas ranked highest on the United States Postal Service’s annual list of states with the most dog bites against its employees? Or how ‘bout Freedom Mortgage Corporation filing a not... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.89% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.89% 0.00 0.00 15 Yr. Fixed 6.29% +0.01 0.00 30 Yr. FHA 6.54% +0.01 0.00 30 Yr. Jumbo 6.66% +0.01 0.00 5/1 ARM 6.85% -0.01 0.00 30 Yr. VA 6.55% +0.03 0.00 Updates Daily - Last Update: 6/6 15 Yr. Fixed Rate 6.29% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.79% +0.22 0.00 15 Yr. Fixed 6.18% +0.21 0.00 Updates Weekly - Last Update: 6/1 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.91% +0.22 0.83 15 Yr. Fixed 6.41% +0.26 0.84 30 Yr. Jumbo 6.78% +0.21 0.76 Updates Weekly - Last Update: 5/31 MBS / Treasuries UMBS 30YR 5.0 98.48 +0.08 Price / Yield Change MBS UMBS 5.0 98.48 +0.08 UMBS 5.5 99.94 +0.08 GNMA 5.0 98.67 +0.06 GNMA 5.5 99.92 +0.02 Pricing as of: 6/6 5:31PM EST 10 Year US Treasury 3.6850 -0.0020 Price / Yield Change US Treasury 2 YR Treasury 4.508 +0.038 5 YR Treasury 3.839 +0.016 7 YR Treasury 3.769 +0.001 10 YR Treasury 3.685 -0.002 30 YR Treasury 3.858 -0.031 Pricing as of: 6/6 5:31PM EST Latest Video The Fed should raise another 50 basis points this year, says former CEA Cha... JPMorgan CEO Jamie Dimon: The economy is still doing fine Fed will pause rate hikes in June but won't start easing this year, says JP... Banking outflows going into money market funds is tightening lending, says ... Around the Web Calculated Risk Blog Second Home Market: South Lake Tahoe in May Calculated Risk Blog Early Look at Local Housing Markets in May Calculated Risk Blog CoreLogic: House Prices up 2.0% YoY in April CNBC World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress The Basis Point Existing home prices down $25k from June 2022 peak to $388,800. Is this affordable? Eye on Housing Single-Family Construction Slowdown Less Pronounced in Lower Density Markets Eye on Housing The Median Age of the Construction Workforce Calculated Risk Blog Black Knight Mortgage Monitor: Home Prices Increased Month-to-month in April; Prices Unchanged YoY CNBC Treasury yields dip as investors weigh economic outlook CNBC Treasury yields rise as investors assess interest rate outlook, key economic data Calculated Risk Blog Housing June 5th Weekly Update: Inventory Increased 0.7% Week-over-week CNBC Australia's central bank hikes rates by 25 basis points, defies expectations CNBC European markets look set for muted open

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