Whether it's today vs yesterday, or today vs the end of last week, the average top tier 30yr fixed mortgage rate is just a hair lower. Today's improvement was arguably a byproduct of trade related headlines this morning. Specifically, some comments suggested this weekend's negotiations between the US and China in Switzerland would merely be a starting point. As has been the case for most any other recent trading day, there were plenty of other headlines that may have had an impact, but the overall movement is so small that nothing really stands out. Looking ahead, the bond market (and thus, rates) will likely be tuning into next Tuesday's inflation data along with any substantive developments from the weekend's trade negotiations (which would be a tall order since they don't involve a meeting between Xi and Trump).
| Mortgage Rate Watch | | Mortgage Rates Barely Lower to End The Week | | Whether it's today vs yesterday, or today vs the end of last week, the average top tier 30yr fixed mortgage rate is just a hair lower. Today's improvement was arguably a byproduct of trade related headlines this morning. Specifically, some comments ... (read more) |
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| MBS Commentary | | Lots of Fed Speakers, But The Focus is on China | | A glance at today's economic calendar quickly reveals that Fed speeches are the only game in town in terms of scheduled events. But what can the Fed say that we didn't already hear from Powell on Wednesday, or 47 other times in other speeches o... (read more) |
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| 30 Yr. Fixed Rate | | 6.89% -0.02% |
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| Rate | Change | Points |
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| Mortgage News Daily | | 30 Yr. Fixed | 6.89% | -0.02 | 0.00 | | 15 Yr. Fixed | 6.21% | -0.01 | 0.00 | | 30 Yr. FHA | 6.25% | -0.04 | 0.00 | | 30 Yr. Jumbo | 7.00% | -0.02 | 0.00 | | 7/6 SOFR ARM | 6.50% | +0.05 | 0.00 | | 30 Yr. VA | 6.25% | -0.05 | 0.00 | | Updates Daily - Last Update: 5/9 |
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| 15 Yr. Fixed Rate | | 6.21% -0.01% |
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| Rate | Change | Points |
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| Freddie Mac | | 30 Yr. Fixed | 6.76% | 0.00 | 0.00 | | 15 Yr. Fixed | 5.89% | -0.03 | 0.00 | | Updates Weekly - Last Update: 5/8 |
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| Mortgage Bankers Assoc. | | 30 Yr. Fixed | 6.84% | -0.05 | 0.68 | | 15 Yr. Fixed | 6.17% | 0.00 | 0.65 | | 30 Yr. Jumbo | 6.86% | -0.02 | 0.46 | | Updates Weekly - Last Update: 5/7 |
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| Price / Yield | Change |
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| MBS | | UMBS 5.5 | 99.06 | -0.05 | | UMBS 6.0 | 100.94 | -0.03 | | GNMA 5.5 | 99.50 | +0.12 | | GNMA 6.0 | 100.71 | -0.08 | | Pricing as of: 5/9 5:31PM EST |
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| 10 Year US Treasury | | 4.3843 +0.0073 |
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| Price / Yield | Change |
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| US Treasury | | 2 YR Treasury | 3.891 | +0.017 | | 5 YR Treasury | 4.000 | +0.013 | | 7 YR Treasury | 4.186 | +0.004 | | 10 YR Treasury | 4.384 | +0.007 | | 30 YR Treasury | 4.840 | +0.008 | | Pricing as of: 5/9 5:31PM EST |
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