Boring, Flat Friday Leaves Focus Where it Should Be

Boring, Flat Friday Leaves Focus Where it Should Be It's hard to overstate just how much potential the upcoming week has in terms of its ability to reiterate a supportive ceiling for rates or even to catalyze the next big move. Either way, the consolidation range that was defined on a single trading day this past Monday ended up remaining almost perfectly intact for the entire week as if to confirm that the focus is indeed on the coming week--exactly where it should be Econ Data / EventsCore PCE0.3 vs 0.3 f'cast, 0.1 prev Core Annual PCE3.7 vs 3.7 f'cast, 3.8 prev (revised down from 3.9) Market Movement Recap09:33 AM Slightly weaker overnight. Modest push back after data. 10yr up only .3bps at 4.852. MBS unchanged. 03:50 PM Flat at sideways to slightly stronger levels. MBS up 2 ticks (0.06). 10yr down 1.7bps at 4.835.

October 27, 2023 Download our Mobile App: Download our Mobile App: MBS Commentary Boring, Flat Friday Leaves Focus Where it Should Be Boring, Flat Friday Leaves Focus Where it Should Be It's hard to overstate just how much potential the upcoming week has in terms of its ability to reiterate a supportive ceiling for rates or even to catalyze... (read more) Rob Chrisman Internal Audit, Verification, Broker, Marketing Products; Training and Webinars Next Week The unofficial Chrisman LLC sarcastic slogan is, “We do this not because it is easy, but because we thought it would be easy.” Hopefully, there are no lenders out there with that slogan, as residential lending, done the right way, is not easy. Someti... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.88% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.88% +0.01 0.00 15 Yr. Fixed 7.24% +0.01 0.00 30 Yr. FHA 7.32% +0.01 0.00 30 Yr. Jumbo 8.01% +0.01 0.00 5/1 ARM 7.24% -0.01 0.00 30 Yr. VA 7.33% +0.01 0.00 Updates Daily - Last Update: 10/27 15 Yr. Fixed Rate 7.24% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 7.79% +0.16 0.00 15 Yr. Fixed 7.03% +0.11 0.00 Updates Weekly - Last Update: 10/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.90% +0.20 0.77 15 Yr. Fixed 7.08% +0.10 1.42 30 Yr. Jumbo 7.78% +0.22 0.71 Updates Weekly - Last Update: 10/25 MBS / Treasuries UMBS 30YR 6.5 99.34 +0.11 Price / Yield Change MBS UMBS 6.5 99.34 +0.11 UMBS 7.0 101.08 +0.09 GNMA 6.5 99.70 +0.09 GNMA 7.0 101.22 +0.08 Pricing as of: 10/27 5:31PM EST 10 Year US Treasury 4.8410 -0.0080 Price / Yield Change US Treasury 2 YR Treasury 5.010 -0.036 5 YR Treasury 4.772 -0.028 7 YR Treasury 4.847 -0.022 10 YR Treasury 4.841 -0.008 30 YR Treasury 5.016 +0.023 Pricing as of: 10/27 5:31PM EST Latest Video Tri Pointe Homes CEO: New home builders are well-positioned to sell to youn... Bond yield rally has already priced in another potential rate hike, says Pa... Consumer sentiment index at 63.8 in October ETF Edge: Where are rates headed? Around the Web Eye on Housing Personal Saving Rate Drops to 3.4% in September Eye on Housing New Homes Built with Private Wells and Individual Septic Systems in 2022 CNBC Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate Calculated Risk Blog PCE Measure of Shelter Slows to 7.2% YoY in September CNBC U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected Calculated Risk Blog Personal Income increased 0.3% in September; Spending increased 0.7% Calculated Risk Blog Fannie and Freddie: Single-Family Mortgage Delinquency Rate Mostly Unchanged in September Calculated Risk Blog CoreLogic: "US Serious Mortgage Delinquency Rate Drops to All-Time Low in August" CNBC Treasury yields rise ahead of key inflation data Calculated Risk Blog October CES Strike Report Eye on Housing U.S. Economic Growth Accelerates in the Third Quarter Calculated Risk Blog NAR: Pending Home Sales Increase 1.1% in September; Down 11% Year-over-year Eye on Housing Housing Share of GDP Remains Flat in the Third Quarter of 2023

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