Mortgage Rates Barely Budge to Start New Week

Small Scale Volatility as Bonds Wait For Jobs Report Bonds lost ground this morning despite a weaker S&P PMI headline. While there were some mitigating factors beyond the headline, we could just as easily conclude that traders are erring on the side of caution heading into a week of Treasury auction supply with another big jobs report on Friday--all while being forced to wait an unknown amount of time to find out where the rubber meets the road on fiscal policies that could further affect the outlook for the economy, inflation, and Treasury issuance. All told, today's volatility was mild at best and we didn't learn anything new about the bigger picture. Econ Data / EventsS&P Services PMI56.8 vs 58.5 f'cast Market Movement Recap09:47 AM Slightly stronger overnight but backtracking in first 2 hours. MBS down 2 ticks (.06) and 10yr up 2.4bps at 4.622 10:37 AM Weakest levels. MBS down more than a quarter from highs and 5 ticks (.16) on the day. 10yr up 3.8bps at 4.636 02:04 PM modest recovery into the noon hour, but falling a bit since then. MBS down 2 ticks (.06) and 10yr up 2.9bps at 4.627 04:11 PM Calming down in after hours trading. MBS down only 1 tick (.03) and 10yr yields up 1.2bps at 4.61.

January 6, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Small Scale Volatility as Bonds Wait For Jobs Report Small Scale Volatility as Bonds Wait For Jobs Report Bonds lost ground this morning despite a weaker S&P PMI headline. While there were some mitigating factors beyond the headline, we could just as ... (read more) Mortgage Rate Watch Mortgage Rates Barely Budge to Start New Week The bond market and interest rates have arrived at the first full week of the new year almost exactly where they left off before the X-mas/New Year holiday weeks. There was a small amount of underlying volatility in bonds today, but not enough ... (read more) Rob Chrisman Non-QM, AI LOS Products; Webinars and Training; Freedom's Stan Middleman Interview It is right around now that people give up saying “Happy New Year” to others, mostly because they’ve lost track to whom they’ve said it. Welcome back to a 5-day workweek, despite storm severity increasing, the first since mid-December. Oh, and happy ... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.10% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.10% 0.00 0.00 15 Yr. Fixed 6.50% +0.01 0.00 30 Yr. FHA 6.43% +0.01 0.00 30 Yr. Jumbo 7.35% +0.01 0.00 7/6 SOFR ARM 7.02% -0.02 0.00 30 Yr. VA 6.45% 0.00 0.00 Updates Daily - Last Update: 1/6 15 Yr. Fixed Rate 6.50% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.91% +0.06 0.00 15 Yr. Fixed 6.13% +0.13 0.00 Updates Weekly - Last Update: 1/2 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 98.48 -0.01 Price / Yield Change MBS UMBS 5.5 98.48 -0.01 UMBS 6.0 100.40 +0.00 GNMA 5.5 98.98 -0.03 GNMA 6.0 100.65 +0.04 Pricing as of: 1/6 5:31PM EST 10 Year US Treasury 4.6128 +0.0148 Price / Yield Change US Treasury 2 YR Treasury 4.264 -0.014 5 YR Treasury 4.413 -0.001 7 YR Treasury 4.513 +0.009 10 YR Treasury 4.613 +0.015 30 YR Treasury 4.836 +0.025 Pricing as of: 1/6 5:31PM EST Latest Video JPMorgan’s Michael Feroli on his expectations for Friday's jobs report Tariffs and immigration policy will have bigger impact than jobs report, sa... November factory orders narrowly misses expectations to the downside The market expects inflation to be more stubborn than the Fed hopes, says A... Around the Web Marketwatch $119 billion of U.S. government debt to be issued this week, raising questions about demand Calculated Risk Blog Moody's: Apartment Vacancy Rate Increased in Q4; Office Vacancy Rate at Record High Calculated Risk Blog Housing Jan 6th Weekly Update: Inventory down 2.4% Week-over-week, Up 27.3% Year-over-year CNBC Treasury yields inch higher as investors look ahead to key jobs data CNBC German inflation rises more than expected to 2.9% in December Reuters Fed policy may need to stay restrictive for longer due to inflation risk, Barkin says Eye on Housing Home Prices Continue to Slow in October Marketwatch Why the U.S. economy is still strong despite the Fed's 2022-23 rate hikes Calculated Risk Blog Inflation Adjusted House Prices 1.3% Below 2022 Peak; Price-to-rent index is 8.1% below 2022 peak CNBC Treasury yields fall as investors weigh economic outlook for 2025 Marketwatch Oil prices on track for solid weekly gains, buoyed by China hopes Calculated Risk Blog ISM Manufacturing index Increased to 49.3% in December Calculated Risk Blog Q4 GDP Tracking: around 2.4%

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