Highest Mortgage Rates in Just Over 2 Weeks

Why Aren't Bonds Happier About CPI? For the 2nd month in a row, the market's reaction to a CPI/PPI report ended up being less about the report itself and more about its implications for the more highly regarded PCE inflation data. While we have to wait 2 weeks for official word on PCE, the CPI/PPI combination goes a long way toward revealing the outcome. In today's case, CPI suggested higher PCE inflation, so bonds ended up selling off, albeit modestly, despite core CPI coming in lower than expected. Thursday's PPI once again has the opportunity to punch above its typical weight for the same reason. Econ Data / EventsCore M/M CPI 0.2 vs 0.3 f'cast. 0.5 prev unrounded 0.2266 Core Y/Y CPI3.1 vs 3.2 f'cast, 3.3 prev Market Movement Recap09:31 AM Weaker overnight and mixed reaction to CPI (mostly ignored). MBS down 1 tick (0.03) and 10yr up 3.6bps at 4.316 12:46 PM MBS up 1 tick (.03) and 10yr up 2.8bps at 4.308 03:41 PM Fairly flat in the afternoon, despite some noise in both directions. MBS are unchanged and 10yr yields are up 3.6bps at 4.317

March 12, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Another Paradoxical Reaction to an Inflation Report Why Aren't Bonds Happier About CPI? For the 2nd month in a row, the market's reaction to a CPI/PPI report ended up being less about the report itself and more about its implications for the more highly regard... (read more) Mortgage Rate Watch Highest Mortgage Rates in Just Over 2 Weeks Mortgage rates have moved up over the past 2 days, ultimately hitting the highest levels since February 24th today. While that sounds somewhat unpleasant or unfortunate, context paints a softer picture. Specifically, since February 25th, ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% +0.03 0.00 15 Yr. Fixed 6.24% +0.03 0.00 30 Yr. FHA 6.22% +0.03 0.00 30 Yr. Jumbo 7.00% +0.01 0.00 7/6 SOFR ARM 6.44% +0.05 0.00 30 Yr. VA 6.24% +0.03 0.00 Updates Daily - Last Update: 3/12 15 Yr. Fixed Rate 6.24% +0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.63% -0.13 0.00 15 Yr. Fixed 5.79% -0.15 0.00 Updates Weekly - Last Update: 3/6 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% -0.02 0.66 15 Yr. Fixed 6.31% -0.04 0.70 30 Yr. Jumbo 7.03% +0.07 0.53 Updates Weekly - Last Update: 2/19 MBS / Treasuries UMBS 30YR 5.5 99.66 +0.04 Price / Yield Change MBS UMBS 5.5 99.66 +0.04 UMBS 6.0 101.32 +0.11 GNMA 5.5 99.97 0.00 GNMA 6.0 101.37 +0.02 Pricing as of: 3/12 5:31PM EST 10 Year US Treasury 4.3163 +0.0355 Price / Yield Change US Treasury 2 YR Treasury 3.989 +0.046 5 YR Treasury 4.073 +0.041 7 YR Treasury 4.197 +0.035 10 YR Treasury 4.316 +0.036 30 YR Treasury 4.636 +0.039 Pricing as of: 3/12 5:31PM EST Latest Video U.S. has spent $478 billion on interest costs fiscal year-to-date, up 17% v... Former Treasury Sec. Mnuchin: A 'natural, healthy' correction doesn't mean ... CPI shouldn't move the needle much for the Fed, says Jefferies' Tom Simons 3D-printed housing ramps up Around the Web Market Watch Bond rally fizzles despite cool CPI inflation reading. What that says about investors. CNBC Inflation rate hits 2.8% in February, less than expected Marketwatch Trump set to nominate Michelle Bowman as Feds top bank supervisor CNBC Weekly mortgage demand surges 11% higher, as interest rates dropped for the sixth straight week Calculated Risk Blog YoY Measures of Inflation: Services, Goods and Shelter Marketwatch Inflation worries resurfaced even before Trump ramped up tariffs. CPI report likely wont ease the angst. Calculated Risk Blog Part 2: Current State of the Housing Market; Overview for mid-March 2025 CNBC Consumer outlook sinks as recession fears take hold Calculated Risk Blog CPI Preview Calculated Risk Blog 2nd Look at Local Housing Markets in February CNBC Job openings see gains in January in a sign of labor market stability CNBC Treasury yields fall as investors await inflation reading Eye on Housing Year-over-Year Declines for Construction Job Openings

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