Mortgage Rates Hold Steady Over The Weekend

Mixed Reaction to Retail Sales Makes For a Boring Monday Despite coming in much weaker than expected, Retail Sales (the day's only big-ticket market mover) didn't provide much help for bonds. The catch was that the key internal component (the control group, aka retail sales excluding autos/gas/building materials) was stronger than expected. Bonds lost ground on the news, but began to rally about 30 minutes later. The net effect was essentially a restoration of Friday's average mid-day trading levels, thus making for a ho-hum Monday. Econ Data / EventsRetail Sales0.2 vs 0.6 f'cast, -0.9 prev Retail Sales "control group"1.0 vs 0.3 f'cast NY Fed Manufacturing-20 vs -0.75 f'cast, 5.7 prev Business Inventories0.3 vs 0.3 f'cast, -0.2 prev NAHB Builder Confidence39 vs 42 f'cast, 42 prev Market Movement Recap08:35 AM Weaker after retail sales, but a hair stronger on the day. MBS up 1 tick (.03) and 10yr down 0.2bps at 4.311. 12:28 PM Nice recovery for reasons unknown (some big trades at 9:20am, but that's about it). MBS up 5 ticks (.16) and 10yr down 4.8bps at 4.265 03:31 PM Losing some ground in the PM hours, but still slightly stronger. MBS up 2 ticks (.06) and 10yr down 0.6bps at 4.307

March 17, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Mixed Reaction to Retail Sales Makes For a Boring Monday Mixed Reaction to Retail Sales Makes For a Boring Monday Despite coming in much weaker than expected, Retail Sales (the day's only big-ticket market mover) didn't provide much help for bonds. The catch was th... (read more) Mortgage Rate Watch Mortgage Rates Hold Steady Over The Weekend Mortgage rates are based on movement in the bond market, and the bond market is closed for most of the weekend. As such, one might assume that Monday's mortgage rates would always be right in line with Friday's. But this is definitely not... (read more) Rob Chrisman POS, Commercial, Retention, LOS, Non-QM Tools; Disaster News; IMB P&L Helped by Servicing “My friend showed me a photo of a famous meteor crater in Arizona. It's amazing how close it landed to the Visitor's Center!” Here in Tucson, the weather is fine but “tornado season” has hit with a vengeance in other parts of the United States. Anyon... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.80% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.80% -0.01 0.00 15 Yr. Fixed 6.25% 0.00 0.00 30 Yr. FHA 6.28% 0.00 0.00 30 Yr. Jumbo 7.00% -0.01 0.00 7/6 SOFR ARM 6.45% -0.02 0.00 30 Yr. VA 6.30% 0.00 0.00 Updates Daily - Last Update: 3/17 15 Yr. Fixed Rate 6.25% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.65% +0.02 0.00 15 Yr. Fixed 5.80% +0.01 0.00 Updates Weekly - Last Update: 3/13 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% -0.02 0.66 15 Yr. Fixed 6.31% -0.04 0.70 30 Yr. Jumbo 7.03% +0.07 0.53 Updates Weekly - Last Update: 2/19 MBS / Treasuries UMBS 30YR 5.5 99.65 +0.06 Price / Yield Change MBS UMBS 5.5 99.65 +0.06 UMBS 6.0 101.29 +0.01 GNMA 5.5 100.03 +0.00 GNMA 6.0 101.31 +0.02 Pricing as of: 3/17 5:31PM EST 10 Year US Treasury 4.2976 -0.0154 Price / Yield Change US Treasury 2 YR Treasury 4.048 +0.027 5 YR Treasury 4.092 +0.002 7 YR Treasury 4.202 -0.005 10 YR Treasury 4.298 -0.015 30 YR Treasury 4.592 -0.028 Pricing as of: 3/17 5:31PM EST Latest Video Former Dallas Fed President Kaplan: Inflation issue will make the Fed more ... Fed's rate decision looms as experts debate the trajectory Don't expect the Fed to take any major action this week, says Roger Ferguso... Retail sales increased 0.2% in February, less than expected; ex-autos up 0.... Around the Web Eye on Housing Builder Confidence Falls on Cost Uncertainty Eye on Housing Real Estate Asset Value Falls Again CNBC Retail sales increased 0.2% in February, less than expected CNBC Consumer sentiment drops in March to 57.9, according to University of Michigan survey, worse than expected Calculated Risk Blog Q1 GDP Tracking: Wide Range Calculated Risk Blog Q4 Update: Delinquencies, Foreclosures and REO AP News Schumer to advance GOP funding bill, unwilling to risk government shutdown as deadline nears Eye on Housing Permits Kick Off 2025 With Setbacks Calculated Risk Blog Housing March 17th Weekly Update: Inventory up 2.1% Week-over-week, Up 29.3% Year-over-year Reuters New York State factory activity plunges in March, NY Fed says CNBC Treasury yields hold steady as investors await retail sales data CNBC Treasury yields rise as investors await consumer sentiment data CNBC UK economy unexpectedly shrank by 0.1% in January

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