Boring Day For Mortgage Rates, But That's a Good Thing

Uneventful Start. Decent Gains After 20yr Bond Auction The holiday-shortened trading week is off to exactly the sort of uneventful start we would expect given the lack of meaningful market movers on the calendar. Today's 20yr bond auction was one of the only events that had a chance to have an impact. The slightly stronger auction results ended up having a modestly positive impact on bonds, quickly helping Treasuries exchange a few bps of weakness for a few bps of strength. MBS moved from up about an eighth of a point and then held perfectly flat for the rest of the day. Market Movement Recap09:39 AM Slightly weaker overnight. Volatility in a narrow range. 10yr up less than 2bps at 4.457. MBS down 5 ticks (.16). 12:59 PM Slightly weaker ahead of the auction with MBS down 3 ticks from intraday highs and 5 ticks (.16) on the day. 03:03 PM Solid gains after auction and holding steady since then. MBS up 2 ticks (.06) and 10yr yields down 1.7bps at 4.422.

November 20, 2023 Download our Mobile App: Download our Mobile App: MBS Commentary Uneventful Start. Decent Gains After 20yr Bond Auction Uneventful Start. Decent Gains After 20yr Bond Auction The holiday-shortened trading week is off to exactly the sort of uneventful start we would expect given the lack of meaningful market movers on the calen... (read more) Mortgage Rate Watch Boring Day For Mortgage Rates, But That's a Good Thing Mortgage rates moved down to the lowest levels in roughly 2 months last week. To be fair, they had already hit similar levels earlier in the month after the jobs report on November 3rd. This time around, we've seen two consecutive busines... (read more) Rob Chrisman Best Ex, Marketing, Non-QM, Accounting Products; Training and Webinars; 40 Percent Own Homes Outright When you own your own home, you don’t have to deal with unreasonable landlords. (Warning: uncensored.) And then there are those who own their own homes that have no mortgage: almost 40 percent of Americans own their places outright, an all-time high.... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.38% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.38% +0.01 0.00 15 Yr. Fixed 6.76% +0.01 0.00 30 Yr. FHA 6.71% +0.01 0.00 30 Yr. Jumbo 7.75% 0.00 0.00 5/1 ARM 6.93% -0.01 0.00 30 Yr. VA 6.72% 0.00 0.00 Updates Daily - Last Update: 11/20 15 Yr. Fixed Rate 6.76% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 7.44% -0.06 0.00 15 Yr. Fixed 6.76% -0.05 0.00 Updates Weekly - Last Update: 11/16 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.61% -0.25 0.69 15 Yr. Fixed 6.98% -0.16 0.88 30 Yr. Jumbo 7.58% -0.22 0.65 Updates Weekly - Last Update: 11/8 MBS / Treasuries UMBS 30YR 6.0 99.77 +0.02 Price / Yield Change MBS UMBS 6.0 99.77 +0.02 UMBS 6.5 101.19 -0.02 GNMA 6.0 100.19 +0.06 GNMA 6.5 101.19 +0.02 Pricing as of: 11/20 5:31PM EST 10 Year US Treasury 4.4180 -0.0210 Price / Yield Change US Treasury 2 YR Treasury 4.915 +0.021 5 YR Treasury 4.441 -0.005 7 YR Treasury 4.457 -0.016 10 YR Treasury 4.418 -0.021 30 YR Treasury 4.565 -0.029 Pricing as of: 11/20 5:31PM EST Latest Video Leading indicators down 0.8% in October, worse than expected NY Fed Survey: Consumer credit applications decline sharply Treasury Secretary Yellen: We're making 'considerable progress' in bringing... Homebuilder rebound trend may accelerate, says S3's Ihor Dusaniwsky Around the Web Marketwatch Fed's Barkin says he sees inflation 'being stubborn,' makes case for keeping rates 'higher for longer' Calculated Risk Blog 4th Look at Local Housing Markets in October Calculated Risk Blog Housing November 20th Weekly Update: Inventory Up Slightly Year-over-year CNBC Treasury yields rise as investors weigh economic outlook CNBC 11 U.S. cities where you need to earn more than $200,000 to buy a home Calculated Risk Blog LA Port Inbound Traffic Increases in October Calculated Risk Blog Lawler: Early Read on Existing Home Sales in October Eye on Housing Flat Readings for Single-Family Built-for-Rent CNBC Fed's Susan Collins says more rate hikes can't be taken off the table yet Marketwatch Fed's Daly says it makes sense to wait on interest-rate policy given all the uncertainty Eye on Housing Best Quarter for Townhouse Construction Since 2007 Eye on Housing Single-Family Starts Flat in October Calculated Risk Blog Housing Starts Increased to 1.372 million Annual Rate in October

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