Mortgage Rates Move Back Under 7%

The 30yr fixed mortgage rate index spent 3 consecutive days over 7% last week--the first time that's happened since February. Rates have generally been in a more volatile, more elevated range for the past 7 weeks compared to the narrow range seen in March. To put that in perspective, the difference between these two ranges is only 0.125%--not the biggest deal. Another perspective is that any given mortgage borrower may have seen their rate quote jump by 0.50% if they had unlucky timing. Today's improvement was partially driven by overnight bond market movement with investors reversing some of the defensive trades seen last Friday. Later in the morning, the Consumer Confidence Index was stronger than expected, but one of its components raised concern over the labor market. Weaker labor conditions tend to push rates lower, all else equal. The underlying bond market improved after that and several mortgage lenders issued revised rates in response.

May 27, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Move Back Under 7% The 30yr fixed mortgage rate index spent 3 consecutive days over 7% last week--the first time that's happened since February. Rates have generally been in a more volatile, more elevated range for the past 7 weeks compared to the narrow range se... (read more) MBS Commentary Japan? Something Else? Does it Matter? Last week's overseas headlines raised questions about about a spillover from volatility in the Japanese bond market to US yields. At issue: attention-grabbing newswires regarding a surge in long-term Japanese yields. Now today, overnight headlines ma... (read more) Rob Chrisman Servicing, MERS Review, Broker Training; Disaster News; Bill Dallas Podcast Interview Are your underwriters this fast? The current Administration has been fast to ax groups of employees in various government departments, including the Agencies. The Supreme Court challenged 90 years of precedent and has decided that firings of governme... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.97% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.97% -0.05 0.00 15 Yr. Fixed 6.26% -0.04 0.00 30 Yr. FHA 6.48% -0.05 0.00 30 Yr. Jumbo 7.10% -0.03 0.00 7/6 SOFR ARM 6.28% -0.03 0.00 30 Yr. VA 6.50% -0.04 0.00 Updates Daily - Last Update: 5/27 15 Yr. Fixed Rate 6.26% -0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.86% +0.05 0.00 15 Yr. Fixed 6.01% +0.09 0.00 Updates Weekly - Last Update: 5/22 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.92% +0.06 0.69 15 Yr. Fixed 6.21% +0.09 0.72 30 Yr. Jumbo 6.94% +0.09 0.72 Updates Weekly - Last Update: 5/21 MBS / Treasuries UMBS 30YR 5.5 98.64 +0.30 Price / Yield Change MBS UMBS 5.5 98.64 +0.30 UMBS 6.0 100.70 +0.20 GNMA 5.5 98.95 +0.23 GNMA 6.0 100.74 +0.14 Pricing as of: 5/27 5:31PM EST 10 Year US Treasury 4.4466 -0.0674 Price / Yield Change US Treasury 2 YR Treasury 3.978 -0.017 5 YR Treasury 4.032 -0.049 7 YR Treasury 4.229 -0.057 10 YR Treasury 4.447 -0.067 30 YR Treasury 4.953 -0.086 Pricing as of: 5/27 5:31PM EST Latest Video The Fed is likely to be able to ease rates near year-end, says JPMorgan's M... Consumer confidence comes in strong at 98 vs 86 estimated Durable goods orders fell 6.3% in April, less than expected Sen. Dave McCormick on Nippon-U.S. Steel deal: A win-win situation for both... Around the Web Marketwatch Treasury Secretary Bessent has a plan to bring down long-term yields. But will it work? FHFA U.S. House Prices Rise 4.0 Percent over the Prior Year; Up 0.7 Percent from the Fourth Quarter of 2024 CNBC Consumer confidence for May was much stronger than expected on optimism for trade deals CNBC Treasury yields slip on U.S.-EU trade optimism S&P Corelogic S&P Corelogic Case-Shiller Index Records 3.4% Annual Gain in March 2025 Investing.com U.S. durable goods sales slumped in April, dropping 6.3% Eye on Housing Building Material Price Growth Minimal in April Calculated Risk Blog A few comments on the Seasonal Pattern for House Prices Eye on Housing Volatile Spring Selling Season Continues Calculated Risk Blog New Home Sales Increase to 743,000 Annual Rate in April Eye on Housing 94% Multifamily Built-for-Rent Share CNBC Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty Calculated Risk Blog ICE First Look at April Mortgage Performance: "Foreclosure Activity Edges Higher Following Recent Record Lows"

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