| Thursday March 4, 2021 MBS Commentary - 2:57PM Why Bond Yields Spiked After Powell's Speech Today There seems to be a fair amount of surprise and confusion surrounding today's bond market sell-off in response to Fed Chair Powell's Q&A with the WSJ. First off, this wasn't a Q&A ... Mortgage Rate Watch - 5:27PM Mortgage Rates Surge After Powell Comments Mortgage rates jumped quickly today after Q&A session with Federal Reserve Chair Jerome Powell. What did he say to cause such drama? Actually, it's more about what he didn't say ... MBS Commentary - 4:19PM MBS RECAP: Why Bonds Tanked After Powell (And Why It Was No Surprise) Powell Does Exactly What He Was Supposed To (And Bonds Didn't Like It) From this AM: "some recent analysis has GREATLY overestimated the Fed's willingness to "twist."" In simpler terms ... MBS Commentary - 9:29AM MBS Day Ahead: Big Risk That Powell Disappoints Bonds By Being Honest Monday and Tuesday brought a stronger start for bonds and, with it, hopes that a broader bounce was in the works. Wednesday dashed those hopes and intensified focus on today's livestream ... LO, Ops, AE Jobs; HELOC, Efficiency, AMC, Sales, VOE Tools; Podcast for LOs; Jumbo and Non-QM News Refinance Volume Ramps Down on Rising Rates Latest Video More News from 'Around the Web' Reuters - 3:51PM Fed's Powell pledges patience, says easy policy appropriate www.housingwire.com - 1:10PM UWM to block brokers working with Fairway and Quicken CNBC - 12:54PM Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily Reuters - 12:54PM First U.S. Senate vote on COVID-19 aid bill possible Thursday Reuters - 12:13PM Bond scares drive muted Wall Street open, investors look to Powell Reuters - 11:40AM U.S. weekly jobless claims rise moderately; labor market regaining footing CNBC - 8:42AM Weekly jobless claims rise less than expected Reuters - 8:42AM U.S. Senate expected to begin debating coronavirus package on Thursday CNBC - 8:21AM Asia-Pacific shares trade lower as bond yields rise again; tech stocks decline | Today's Rates Average Mortgage Rates | 15 Yr. Fixed | 0.00% | 0.00 | +0.00 | | 30 Yr. Fixed | 0.00% | 0.00 | +0.00 |
| 30 Yr. Fixed | 3.23% | 0.48 | +0.15 | | 15 Yr. Fixed | 2.64% | 0.39 | +0.08 | | 30 Yr. Jumbo | 3.33% | 0.41 | +0.10 | | 30 Yr. FHA | 3.19% | 0.30 | +0.19 | | 5/1 ARM | 2.84% | 0.58 | +0.01 |
| 30 Yr. Fixed | 3.02% | 0.60 | +0.05 | | 15 Yr. Fixed | 2.34% | 0.70 | +0.00 | | 1 Yr. ARM | 2.68% | 0.20 | +0.01 | | 5/1 Yr. ARM | 2.73% | 0.30 | -0.26 | Current Mortgage Rates »* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. |
Secondary Markets | 30YR UMBS 2.0 | 100.42 | -0.56 | | 30YR UMBS 2.5 | 103.23 | -0.50 | | 30YR GNMA 2.0 | 101.19 | -0.59 | | 30YR GNMA 2.5 | 103.17 | -0.55 | | 15YR UMBS 2.0 | 103.14 | -0.33 | | 15YR UMBS 2.5 | 104.38 | -0.28 |
| 2 YR | 0.1467% | +0.0040 | | 5 YR | 0.7817% | +0.0501 | | 10 YR | 1.5571% | +0.0729 | | 30 YR | 2.3197% | +0.0446 | | Prices as of: 3/4/2021 5:05PM EST | Current MBS / Treasury Prices »MBS and Treasury data provided by Thomson Reuters.Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.Secondary Marketing Managers:
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