Friendly, Stable Trend Continues For Mortgage Rates

Trading Range Restored. Big Data on Deck Today's trading was almost a carbon copy of yesterday's with overnight losses, an AM reversal, and gradual improvement that leveled off in the PM hours. With those gains, 10yr yields made a full round trip back to the lower boundary of the pre-tariff trading range of 4.19-4.34. That doesn't mean anything about the future, but it's an interesting reflection on the recent past. White House comments on Amazon hit stocks early, but everything bounced back even before Amazon clarified its position. Econ data helped bonds hold or add to gains (Confidence and Job Openings). Data gets incrementally more important over the next 3 days, and volatility gets incrementally more likely to pick back up. Econ Data / EventsWholesale Inventories0.5 vs 0.7 f'cast, 0.3 prev Job Openings7.192m vs 7.48m f'cast 7.48m prev Consumer Confidence86.0 vs 87.5 f'cast, 92.9 prev Market Movement Recap08:49 AM Modestly weaker overnight and little-changed so far this morning. MBS down an eighth and 10yr up 2.2bps at 4.229 09:50 AM Additional gains. 10yr down 1bp at 4.198 and MBS unchanged. 02:03 PM Holding sideways at best levels. MBS up an eighth and 10yr down 3.7bps at 4.171

April 29, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Trading Range Restored. Big Data on Deck Trading Range Restored. Big Data on Deck Today's trading was almost a carbon copy of yesterday's with overnight losses, an AM reversal, and gradual improvement that leveled off in the PM hours. With those gai... (read more) Mortgage Rate Watch Friendly, Stable Trend Continues For Mortgage Rates It's now been more than a week since mortgage rates ended the day higher than the previous day. And we haven't recovered quite as much lost ground as 10yr Treasury yields, we're getting pretty close to fully re-entering the narrow range that pe... (read more) Rob Chrisman Tech Change, Borrower Communication Tools; Webinars and Training This Week; Audrey Boissoneau Interview My cat Myrtle was always interested in both the primary and secondary markets… for line-caught halibut. In residential lending, the secondary markets shouldn’t be a mystery to anyone. Did you know that Fair Housing laws apply to the secondary markets... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% -0.01 0.00 15 Yr. Fixed 6.17% -0.06 0.00 30 Yr. FHA 6.19% -0.03 0.00 30 Yr. Jumbo 6.95% -0.03 0.00 7/6 SOFR ARM 6.37% -0.03 0.00 30 Yr. VA 6.20% -0.04 0.00 Updates Daily - Last Update: 4/29 15 Yr. Fixed Rate 6.17% -0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.81% -0.02 0.00 15 Yr. Fixed 5.94% -0.09 0.00 Updates Weekly - Last Update: 4/24 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.90% +0.09 0.86 15 Yr. Fixed 6.20% +0.09 0.58 30 Yr. Jumbo 6.90% +0.06 0.45 Updates Weekly - Last Update: 4/23 MBS / Treasuries UMBS 30YR 5.5 99.69 +0.07 Price / Yield Change MBS UMBS 5.5 99.69 +0.07 UMBS 6.0 101.38 +0.04 GNMA 5.5 99.87 -0.07 GNMA 6.0 101.06 -0.02 Pricing as of: 4/29 5:31PM EST 10 Year US Treasury 4.1745 -0.0328 Price / Yield Change US Treasury 2 YR Treasury 3.656 -0.037 5 YR Treasury 3.773 -0.032 7 YR Treasury 3.968 -0.034 10 YR Treasury 4.175 -0.033 30 YR Treasury 4.649 -0.036 Pricing as of: 4/29 5:31PM EST Latest Video Compass CEO: New construction homes are getting cheaper than existing homes Consumer confidence weakest since April 2020 Treasury expects to borrow $514B for the second quarter, $391B higher than ... Conference Board CEO: Consumer confidence is surprisingly stable, but worri... Around the Web CNBC Why Lennar is betting on a startup building backup batteries for Texas homes Forex Live Job openings in the U.S. fall to six-month low. Trade wars could further depress hiring. Marketwatch Consumer confidence sinks for fifth month in a row to lowest since depth of pandemic Seeking Alpha Home price growth stalls again in Feb., with Jan. print revised down: S&P CoreLogic Case-Shiller CNBC Commerce Secretary Lutnick says one trade deal is done, but waiting on approval from unnamed country's leaders forexlive Dallas Fed Survey Comments Highlight Widespread Tariff Impacts Marketwatch U.S. trade deficit in goods soars to record high as businesses aimed to beat tariff price hikes Calculated Risk Blog Housing April 28th Weekly Update: Inventory up 1.3% Week-over-week, Up 31.0% Year-over-year CNBC 10-year Treasury yield climbs as investors look ahead to slew of earnings reports Calculated Risk Blog HVS: Q1 2025 Homeownership and Vacancy Rates Dallas Fed Dallas Fed Business Activity Lowest Since May 2020 CNBC Treasury Secretary Bessent says it's up to China to de-escalate trade tensions CNBC European real estate investment rises in the first quarter but macro uncertainty clouds outlook

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