Mortgage Rates Lowest Since February 2023

Does Today's Inflation Data Change Anything? Bonds initially sold off following the higher-than-expected core CPI reading this morning. Shelter inflation spiked back to troubling territory as well--something that was perhaps an even bigger problem for bonds. Nonetheless, bonds moved back to stronger territory in short order. The only lingering damage was to the Fed's rate cut outlook for next week. Markets were already squarely in the 25bp camp, but today's data went a long way toward sealing the deal. When it comes to the longer term rate outlook, today means nothing. The Fed and financial markets would be hypocritical if they allowed one inflation report to materially alter the outlook. Market Movement Recap09:39 AM Slightly stronger overnight then modestly weaker after CPI. MBS down 3 ticks (.09) and 10yr up 1.9bps at 3.665 10:41 AM Back into stronger territory now with MBS up 2 ticks (.06) and 10yr down 2.4bps at 3.622 01:03 PM bonds were weaker into the 10yr auction and remain just barely weaker despite stronger results. 10yr up 1bp at 3.655 and MBS down 3 ticks (.09). 03:26 PM Back to 'unchanged' now with MBS actually up 1 tick (.03) and 10yr up only 0.3bs at 3.649

September 11, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Does Today's Inflation Data Change Anything? Does Today's Inflation Data Change Anything? Bonds initially sold off following the higher-than-expected core CPI reading this morning. Shelter inflation spiked back to troubling territory as well--some... (read more) Mortgage Rate Watch Mortgage Rates Lowest Since February 2023 Mortgage rates moved lower again today despite a key inflation report coming in higher than expected. This is counterintuitive for anyone who's been following rate movement closely over the past few years. During that time, inflati... (read more) Rob Chrisman DSCR, DPA, Corresp. Broker Programs, Conv. Conforming News; MBA's Eye on the FHFA; Ginnie's Growth When I board an airplane, it is to go from point A to point B, like today from Denver to San Francisco. As long as it’s on time and somewhat economical, put me in whatever seat in steerage. But others, apparently, want to savor the experience in comf... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.11% -0.11% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.11% -0.11 0.00 15 Yr. Fixed 5.62% 0.00 0.00 30 Yr. FHA 5.65% -0.05 0.00 30 Yr. Jumbo 6.37% -0.08 0.00 7/6 SOFR ARM 6.13% -0.02 0.00 30 Yr. VA 5.67% -0.05 0.00 Updates Daily - Last Update: 9/11 15 Yr. Fixed Rate 5.62% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.35% 0.00 0.00 15 Yr. Fixed 5.47% -0.04 0.00 Updates Weekly - Last Update: 9/5 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.44% -0.06 0.54 15 Yr. Fixed 5.88% -0.16 0.68 30 Yr. Jumbo 6.75% +0.07 0.39 Updates Weekly - Last Update: 8/28 MBS / Treasuries UMBS 30YR 5.0 100.39 -0.05 Price / Yield Change MBS UMBS 5.0 100.39 -0.05 UMBS 5.5 101.51 -0.04 GNMA 5.0 100.55 -0.03 GNMA 5.5 101.25 -0.05 Pricing as of: 9/11 5:31PM EST 10 Year US Treasury 3.6591 +0.0131 Price / Yield Change US Treasury 2 YR Treasury 3.649 +0.051 5 YR Treasury 3.450 +0.025 7 YR Treasury 3.544 +0.020 10 YR Treasury 3.659 +0.013 30 YR Treasury 3.974 +0.006 Pricing as of: 9/11 5:31PM EST Latest Video The latest CPI report confirms a 25 basis point rate cut next week, says Pi... Treasury sells $39 billion in 10-year notes 'Ultra dovish' cuts may be off the table after CPI report, says Ed Yardeni Consumer prices rose 0.2% in August with core inflation higher than expecte... Around the Web CNBC Consumer prices rose 0.2% in August with core inflation higher than expected CNBC Americans have more than $32 trillion in home equity a record high. Here's what to know before you tap it Eye on Housing Inflation Continued to Slow, Setting Stage for Rate Cuts CNBC Two key inflation reports this week will help decide the size of the Fed's interest rate cut Calculated Risk Blog MBA: Mortgage Applications Increased in Weekly Survey Calculated Risk Blog Asking Rents Mostly Unchanged Year-over-year Eye on Housing Home Buyers Are Looking for Amenity Loaded Kitchens and Bathrooms Marketwatch Federal Reserve plans lighter capital requirements for banks after eating its spinach, Michael Barr says CNBC Federal Reserve unveils toned-down banking regulation in victory for Wall Street CNBC Treasury yields move lower ahead of two key inflation reports this week Eye on Housing Rising Homeownership Rate for Multigenerational Households Calculated Risk Blog Leading Index for Commercial Real Estate Increased 3% in August CNBC U.S. crude oil rebounds more than 2%, trades above $67 a barrel after steep selloff

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