Mortgage Rates Mostly Maintain Wednesday's Strength

Placeholder Day Ahead of Jobs Report No matter how many seemingly interesting political headlines are thrown at the bond market, trading levels keep refusing to show too much concern. Thursday's session saw just as many political newswires as any other day this week, but with only Jobless Claims in the 8:30am slot, there was a distinct absence of relevant economic data. Claims weren't far enough from forecast to put any spin on the ball, so bonds were left to drift sideways in a choppy but narrow range. Another consideration is that tomorrow's NFP has been and continues to be the week's biggest deal in terms of data--all the more reason for bonds to avoid making any sudden moves today. Econ Data / EventsJobless Claims219k vs 213k f'cast, 208k prev Market Movement Recap08:39 AM MBS are down 2 ticks (.06) and 10yr yields are juts 0.3bps above unchanged at 4.43. 11:16 AM Still sideways and consolidating. MBS still down 2 ticks (.06) and 10yr up 1.2bps at 4.44 12:04 PM Losing some ground. MBS down 3 ticks (.09) and 10yr up 3bps at 4.457 01:12 PM Back toward unchanged now with MBS down only 1 tick (0.03) and 10yr up 0.7bps at 4.434

February 6, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Placeholder Day Ahead of Jobs Report Placeholder Day Ahead of Jobs Report No matter how many seemingly interesting political headlines are thrown at the bond market, trading levels keep refusing to show too much concern. Thursday's session... (read more) Mortgage Rate Watch Mortgage Rates Mostly Maintain Wednesday's Strength Yesterday was notable for being the first day in more than a week to offer any excitement for rates. More notably, that excitement was the good kind. The average lender moved back under 7.00% for top tier conventional 30yr fixed rates for... (read more) Rob Chrisman MSR, Servicing, Customer Retention, Equity Tools; Non-Agency News “Nothing says, ‘I mean business’ than using a shopping cart at the liquor store.” We’re already 10 percent through with 2025, and residential lenders and vendors don’t know whether “meaning business” is spending their time watching Washington DC or t... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.00% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.00% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.38% +0.01 0.00 30 Yr. Jumbo 7.30% 0.00 0.00 7/6 SOFR ARM 6.75% +0.01 0.00 30 Yr. VA 6.40% +0.01 0.00 Updates Daily - Last Update: 2/6 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.89% -0.06 0.00 15 Yr. Fixed 6.05% -0.07 0.00 Updates Weekly - Last Update: 2/6 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.02% -0.07 0.62 15 Yr. Fixed 6.45% +0.02 0.64 30 Yr. Jumbo 6.98% -0.07 0.50 Updates Weekly - Last Update: 1/22 MBS / Treasuries UMBS 30YR 5.5 99.18 -0.05 Price / Yield Change MBS UMBS 5.5 99.18 -0.05 UMBS 6.0 100.97 -0.06 GNMA 5.5 99.65 +0.01 GNMA 6.0 100.93 -0.08 Pricing as of: 2/6 5:31PM EST 10 Year US Treasury 4.4392 +0.0116 Price / Yield Change US Treasury 2 YR Treasury 4.214 +0.025 5 YR Treasury 4.276 +0.026 7 YR Treasury 4.358 +0.024 10 YR Treasury 4.439 +0.012 30 YR Treasury 4.645 +0.017 Pricing as of: 2/6 5:31PM EST Latest Video Homebuyer mortgage demand drops further, a troubling sign for the spring ma... Current mortgage rates are the new normal, says Brown Harris Stevens CEO Be... Fed President Goolsbee: Supply chains are more fragile in the short-run S&P Global U.S. Services PMI 52.9 vs 52.8 estimated Around the Web Marketwatch Feds ease up on stress tests, agree on need for bank-access fix Eye on Housing Builders Top Challenges for 2025 Calculated Risk Blog CoreLogic: US Home Prices Increased 3.4% Year-over-year in December Marketwatch Jobless claims rise slightly, but no sign of trouble brewing in labor market Marketwatch Fed's Barkin sees potential soft spot in the U.S. economy Eye on Housing Homeownership Rate for Younger Households Declines CNBC Bank of England's Bailey says UK can't avoid U.S. tariff impact even if it's not in the direct firing line CNBC Bank of England restarts monetary easing, cutting key rate to 4.5% Calculated Risk Blog ISM Services Index Decreases to 52.8% in January Eye on Housing Mortgage Applications Increase Marginally in January CNBC Treasury yields are up as investors look ahead to Januarys nonfarm payrolls report Calculated Risk Blog Asking Rents Mostly Unchanged Year-over-year Forex Live Treasury refunding announcement shows most auction sizes unchanged for several quarters

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