Mortgage Rates End Slightly Lower After Starting Out Slightly Higher

Mortgage rates began the day very close to yesterday's latest levels. The average lender was just a hair higher. As the day progressed, US bonds followed European bonds toward lower yields (yields = rates). This allowed the average lender to make a mid-day improvement bringing rates down to levels just a bit lower than yesterday's. In the big picture, none of the above is important or meaningful. None of the movement over the past few weeks has a bearing on how rates may move in the coming year. Investors are waiting to see how the next round of inflation data comes in as well as the Federal Reserve's policy response.

December 29, 2022 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates End Slightly Lower After Starting Out Slightly Higher Mortgage rates began the day very close to yesterday's latest levels. The average lender was just a hair higher. As the day progressed, US bonds followed European bonds toward lower yields (yields = rates). This allowed the average ... (read more) MBS Commentary Nice Gains, But No Particular Reason Nice Gains, But No Particular Reason This is how they get ya! It's a classic sales tactic. The bond market softened us up with nearly 2 straight weeks of losses so that we'd be inclined to say "ni... (read more) Rob Chrisman POS, Lead Conversion Tools; Important FHFA, Freddie, Fannie ARM and LLPA Changes Coming Soon What does someone look like when they started working in our business at age 15? Well, there’s always this interview last week with Robbie Chrisman (yes, RCIII) about how he started his mortgage podcast and the potential influx of youth versus the 60... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.50% -0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.50% -0.04 0.00 15 Yr. Fixed 5.84% -0.01 0.00 30 Yr. FHA 6.10% -0.01 0.00 30 Yr. Jumbo 5.68% -0.02 0.00 5/1 ARM 6.15% +0.01 0.00 30 Yr. VA 6.15% -0.04 0.00 Updates Daily - Last Update: 12/29 15 Yr. Fixed Rate 5.84% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.42% +0.15 0.00 15 Yr. Fixed 5.68% -0.01 0.00 Updates Weekly - Last Update: 12/29 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.34% 0.00 0.59 15 Yr. Fixed 5.81% 0.00 0.53 30 Yr. Jumbo 5.97% 0.00 0.53 Updates Weekly - Last Update: 12/28 MBS / Treasuries UMBS 30YR 5.0 98.91 +0.34 Price / Yield Change MBS UMBS 5.0 98.91 +0.34 UMBS 5.5 100.61 +0.30 GNMA 5.0 99.33 +0.38 GNMA 5.5 100.78 +0.31 Pricing as of: 12/29 5:31PM EST 10 Year US Treasury 3.8183 -0.0682 Price / Yield Change US Treasury 2 YR Treasury 4.366 +0.008 5 YR Treasury 3.939 -0.034 7 YR Treasury 3.921 -0.050 10 YR Treasury 3.818 -0.068 30 YR Treasury 3.903 -0.072 Pricing as of: 12/29 5:31PM EST Latest Video U.S. housing market faces tough winter as 2022 comes to a close Fed rates will be higher for longer than markets expect, says Claro Advisor... Fed will treat inflation like a forest fire, says Milken's Bill Lee Commercial real estate vacancies in San Fransisco are at an all-time high Around the Web CNBC Miami is the least affordable housing market in the U.S.see which other cities made the list Calculated Risk Blog Inflation Adjusted House Prices 3.8% Below Peak Calculated Risk Blog Weekly Initial Unemployment Claims increase to 225,000 Eye on Housing Top Posts of 2022: Housing Market at Inflection Point as Builder Confidence Continues to Fall Calculated Risk Blog Las Vegas November 2022: Visitor Traffic Down 7.0% Compared to 2019; Convention Traffic Down 3.4% Eye on Housing Top Posts of 2022: Highest Paid Occupations in Construction in 2021 Calculated Risk Blog NAR: Pending Home Sales Decreased 4.0% in November, Year-over-year Down 37.8% Calculated Risk Blog SF Fed: Recession Prediction on the Clock CNBC Treasury notes fall as investors assess 2023 headwinds, Fed policy outlook Calculated Risk Blog Final Look at Local Housing Markets in November Calculated Risk Blog Philly Fed: State Coincident Indexes Increased in 30 States in November Calculated Risk Blog Comments on October Case-Shiller and FHFA House Prices CNBC Treasury yields slip as investors gauge 2023 Fed policy

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