Mortgage Rates Back Down to Lowest Levels in 2 Weeks

2 Straight Days of Gains?! Not only have bonds managed to pull off a feat rarely seen in recent memory (back to back days of solid gains), but the total drop in yields is the biggest since August 2024. Today's improvement wasn't nearly as big as yesterday's CPI-driven rally, but it would have been very strange if it had been. The data and events on tap didn't have the street cred to drive such craziness. Modestly weaker retail sales helped yields level off after overnight weakness, but comments from Fed's Waller and Treasury Secretary nominee Bessent accounted for most of the day's downward movement in yields. Econ Data / EventsRetail Sales0.4 vs 0.6 f'cast, 0.7 prev Retail Sales excluding autos0.4 vs 0.4 f'cast, 0.2 prev Jobless Claims217k vs 210k f'cast, 201k prev Continued Claims1.859m vs 1.870m f'cast, 1.867m prev Philly Fed Index44.3 vs -5 f'cast, -16.4 prev Market Movement Recap10:01 AM Slightly weaker overnight with a bit of a recovery after the data. MBS down only 1 tick (.03) and 10yr up 1.8bps at 4.671 11:53 AM Additional gains after Waller comments and Bessent confirmation comments. 10yr down 4.2bps at 4.611. MBS up a quarter point. 02:57 PM MBS up 6 ticks (.19) and 10yr down 4.4bps at 4.608

January 16, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary 2 Straight Days of Gains?! 2 Straight Days of Gains?! Not only have bonds managed to pull off a feat rarely seen in recent memory (back to back days of solid gains), but the total drop in yields is the biggest since August 2024. ... (read more) Mortgage Rate Watch Mortgage Rates Back Down to Lowest Levels in 2 Weeks After having a great day yesterday, mortgage rates were able to add another "good" day today. The net effect brings the average lender's top tier 30yr fixed rate back down to levels last seen on January 2nd, exactly 2 weeks ago. Ye... (read more) Rob Chrisman Settlement, Warehouse, Servicing Transfer Tools; Training and Webinars; Rates React to Inflation Data Do you know the interest rate on your loan? How about the age of your roof? Here in Austin, a big concern is too much growth: Austin has gained 1 million people in the last 15 years. Sprawl, traffic, and new construction have become the name of the g... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.07% -0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.07% -0.06 0.00 15 Yr. Fixed 6.48% -0.04 0.00 30 Yr. FHA 6.48% -0.07 0.00 30 Yr. Jumbo 7.35% -0.05 0.00 7/6 SOFR ARM 6.98% -0.07 0.00 30 Yr. VA 6.50% -0.08 0.00 Updates Daily - Last Update: 1/16 15 Yr. Fixed Rate 6.48% -0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 7.04% +0.11 0.00 15 Yr. Fixed 6.27% +0.13 0.00 Updates Weekly - Last Update: 1/16 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.75% 0.00 0.66 15 Yr. Fixed 6.15% 0.00 0.71 30 Yr. Jumbo 6.86% 0.00 0.61 Updates Weekly - Last Update: 12/25 MBS / Treasuries UMBS 30YR 5.5 98.53 +0.31 Price / Yield Change MBS UMBS 5.5 98.53 +0.31 UMBS 6.0 100.45 +0.23 GNMA 5.5 99.07 +0.21 GNMA 6.0 100.64 +0.10 Pricing as of: 1/16 5:31PM EST 10 Year US Treasury 4.6135 -0.0396 Price / Yield Change US Treasury 2 YR Treasury 4.239 -0.018 5 YR Treasury 4.399 -0.046 7 YR Treasury 4.508 -0.048 10 YR Treasury 4.614 -0.040 30 YR Treasury 4.853 -0.020 Pricing as of: 1/16 5:31PM EST Latest Video Fed's Waller: Rates could fall in the first half of the year if data stays ... ‘No reason’ for U.S. to have central bank digital currency, says Scott Bess... November business inventories meets expectations, January homebuilder senti... Scott Bessent: Federal Reserve 'of course' should be independent of the Pre... Around the Web CNBC Fed Governor Waller sees potential for multiple interest rate cuts in 2025 Investing.com Initial jobless claims rise, surpassing forecast and previous figures Calculated Risk Blog Weekly Initial Unemployment Claims Increase to 217,000 Marketwatch Fed's Williams Expects Disinflation to Continue Marketwatch Disaster insurance is failing homeowners. The L.A. fires can be a turning point Eye on Housing Remodeling Market Sentiment Improves in Fourth Quarter of 2024 Eye on Housing Builder Confidence Edges Up Even as Market Risk Concerns Rise Yahoo December retail sales grow less than expected, November sales revised higher FXStreet Fed's Goolsbee: CPI is encouraging and discouraging in equal measure CNBC Treasury yields rise slightly as investors mull over latest economic data Calculated Risk Blog Part 2: Current State of the Housing Market; Overview for mid-January 2025 MSN Rate hikes aren't completely ruled out, says Fed's Kashkari Eye on Housing Housing Inflation Moderates Amid Higher Energy Costs

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