Mortgage Rates Barely Budge After Fed Announcement

Uneventful Fed Day, Bonds Eventually Agree There's never a way to know with certainty that a Fed announcement will be uneventful, but if we had to assign relative probabilities, today's looked much more likely than normal to pass without a trace. In the immediate wake of the announcement, that didn't look like it was going to happen. Bonds sold quickly due to what seemed to be a notable verbiage change. Then in the press conference, Powell clarified the verbiage change and bonds unwound their initial reaction. MBS and Treasuries thus ended the day perfectly in line with pre-Fed levels, like it never even happened. Market Movement Recap10:17 AM Modestly stronger overnight and flat so far. MBS up 2 ticks (.06) and 10yr down 1.1bps at 4.523 11:20 AM Into negative territory now. 10yr up half a bp at 4.54 and MBS down 1 tick (.03). 02:43 PM Initially weaker after Fed announcement, but recovering a bit during press conference. MBS down an eighth and 10yr up 3.3bps at 4.568

January 29, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Uneventful Fed Day, Bonds Eventually Agree Uneventful Fed Day, Bonds Eventually Agree There's never a way to know with certainty that a Fed announcement will be uneventful, but if we had to assign relative probabilities, today's looked much more likel... (read more) Mortgage Rate Watch Mortgage Rates Barely Budge After Fed Announcement Heading into today's Fed announcement, we didn't expect to receive any significant surprise on the stance of monetary policy. Financial markets had long since ruled out the possibility of a rate cut and we knew Powell could only really acknowle... (read more) Rob Chrisman Servicing, Operating System, Prospecting Tools; STRATMOR on Profitability; Lending and Government Policy “Did you ever notice that when you put the two words "The" and "IRS" together, it spells "Theirs"? The impact of taxes and tax cuts (potential or expiring) are a topic here in Austin at the MBA’s IMB conference. GSE “reform” in the form of coming out... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.06% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.06% -0.01 0.00 15 Yr. Fixed 6.48% -0.01 0.00 30 Yr. FHA 6.46% -0.01 0.00 30 Yr. Jumbo 7.35% 0.00 0.00 7/6 SOFR ARM 6.89% -0.05 0.00 30 Yr. VA 6.47% -0.02 0.00 Updates Daily - Last Update: 1/29 15 Yr. Fixed Rate 6.48% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.96% -0.08 0.00 15 Yr. Fixed 6.16% -0.11 0.00 Updates Weekly - Last Update: 1/23 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.02% -0.07 0.62 15 Yr. Fixed 6.45% +0.02 0.64 30 Yr. Jumbo 6.98% -0.07 0.50 Updates Weekly - Last Update: 1/22 MBS / Treasuries UMBS 30YR 5.5 98.92 +0.05 Price / Yield Change MBS UMBS 5.5 98.92 +0.05 UMBS 6.0 100.77 +0.03 GNMA 5.5 99.38 -0.02 GNMA 6.0 100.90 +0.02 Pricing as of: 1/29 5:31PM EST 10 Year US Treasury 4.5314 -0.0030 Price / Yield Change US Treasury 2 YR Treasury 4.216 +0.013 5 YR Treasury 4.333 +0.007 7 YR Treasury 4.431 -0.009 10 YR Treasury 4.531 -0.003 30 YR Treasury 4.774 -0.009 Pricing as of: 1/29 5:31PM EST Latest Video Fed Chair Powell: Don't need to see further weakness in labor market to ach... Fed leaves rates unchanged Fed may be dovish but not expecting much from today's meeting, says BNY's V... Ferguson: An independent Fed is good for the U.S. economy and for everyone Around the Web CNBC Fed holds rates steady, takes less confident view on inflation Marketwatch Housing market hits a key level not seen since 2009 CNBC Mortgage demand drops further, even as interest rates settle Calculated Risk Blog Inflation Adjusted House Prices 1.1% Below 2022 Peak; Price-to-rent index is 7.8% below 2022 peak CNBC Fed meeting live updates: Fed expected to hold rates steady after three consecutive cuts CNBC European Central Bank to cut rates again with Trump threat and U.S. divergence in focus Eye on Housing Home Price Growth Leveling Off Marketwatch D.R. Horton, Pulte, Smith Douglas downgraded on chilly spring home-building outlook CNBC Treasury yields rise as investors anticipate first Fed meeting of the year CNBC Treasury yields fall as investors await Feds interest rate decision Calculated Risk Blog New Home Sales Increase to 698,000 Annual Rate in December FXStreet S&P CoreLogic Case-Shiller Index Reports 3.8% Annual Gain in November 2024 Calculated Risk Blog Hotels: Occupancy Rate Increased 6.7% Year-over-year

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