Mortgage Rates Gently Lower to Begin New Week

Uneventful Monday Leaves Bonds Little Changed It was a quintessential summertime Monday to start the new week. Trading volumes were exceptionally light and volatility wasn't far behind. Most of the movement happened right at the 8:20am CME open with Treasuries quickly repairing some incidental overnight damage. The 9:30am NYSE open saw a quick pop and drop, but from there, it was super sideways for Treasuries and especially MBS. Both ended the day in effectively unchanged territory vs Friday. Uneventful days become less likely from here on out due to Treasury auctions, Powell Testimony, but most importantly, Thursday's CPI data. Market Movement Recap08:48 AM Initially weaker overnight, but bouncing back in early domestic trading. MBS up 2 ticks (.06) and 10yr down 0.4bps at 4.277 11:58 AM Off the best levels slightly. MBS now unchanged and 10yr up half a bp at 4.287 03:27 PM Very sideways with MBS up 1 tick (0.03) and 10yr down almost 1bp at 4.273

July 8, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Uneventful Monday Leaves Bonds Little Changed Uneventful Monday Leaves Bonds Little Changed It was a quintessential summertime Monday to start the new week. Trading volumes were exceptionally light and volatility wasn't far behind. Most of th... (read more) Mortgage Rate Watch Mortgage Rates Gently Lower to Begin New Week Apart from July 1st, mortgage rates have fallen every day so far this month. The counterpoint is that only adds up to 4 business days so far. The other counterpoint is that the improvements have been fairly modest over the past two days ... (read more) Rob Chrisman Social Media Compliance, Client Retention; Freddie/Fannie Changes; Square Footage Stats During a recent password audit, it was found that a blonde was using the following password: "MickeyMinniePlutoHueyLouieDeweyDonaldGoofySacramento". When asked why such a long password, she said she was told that it had to be at least 8 characters lo... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.01% -0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.01% -0.02 0.00 15 Yr. Fixed 6.41% -0.03 0.00 30 Yr. FHA 6.48% -0.02 0.00 30 Yr. Jumbo 7.22% -0.02 0.00 7/6 SOFR ARM 7.03% -0.02 0.00 30 Yr. VA 6.50% -0.02 0.00 Updates Daily - Last Update: 7/8 15 Yr. Fixed Rate 6.41% -0.03% Rate Change Points Freddie Mac 30 Yr. Fixed 6.95% +0.09 0.00 15 Yr. Fixed 6.25% +0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.03% +0.09 0.62 15 Yr. Fixed 6.56% +0.09 0.54 30 Yr. Jumbo 7.11% -0.01 0.50 Updates Weekly - Last Update: 7/3 MBS / Treasuries UMBS 30YR 6.0 100.66 +0.04 Price / Yield Change MBS UMBS 6.0 100.66 +0.04 UMBS 6.5 102.00 +0.01 GNMA 6.0 100.74 +0.00 GNMA 6.5 101.55 +0.01 Pricing as of: 7/8 5:31PM EST 10 Year US Treasury 4.2774 -0.0044 Price / Yield Change US Treasury 2 YR Treasury 4.631 +0.027 5 YR Treasury 4.239 +0.011 7 YR Treasury 4.237 +0.007 10 YR Treasury 4.277 -0.004 30 YR Treasury 4.463 -0.023 Pricing as of: 7/8 5:31PM EST Latest Video Former Dallas Fed President Robert Kaplan: The Fed is positioning to cut ra... Baker: Doubt a rate cut by the Fed will come anytime before September Powell will get necessary data for rate cuts in September, says Moody's Mar... Market shows economy 'slowing, not breaking,' says Morgan Stanley's Andrew ... Around the Web Calculated Risk Blog Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in May, Multi-family Increased Slightly Calculated Risk Blog Update: Lumber Prices Down 20% YoY Marketwatch U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off. CNBC Treasury yields rise as investors look to inflation data due in week ahead Calculated Risk Blog Housing July 8th Weekly Update: Inventory up 1.1% Week-over-week, Up 40.0% Year-over-year Eye on Housing 2023 Multifamily Construction: Growing Share of Low-Medium Density Buildings CNBC U.S. crude oil prices fall nearly 1% as market tracks path of Hurricane Beryl Calculated Risk Blog Realtor.com Reports Active Inventory Up 38.1% YoY CNBC U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1% CNBC Here's where the jobs are for June in one chart Calculated Risk Blog Comments on June Employment Report CNBC French bond markets calm despite country hitting political gridlock Calculated Risk Blog Moody's: Apartment Vacancy Rate Unchanged in Q2; Office Vacancy Rate at New Record High

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