Mortgage Rates Side-Step Into Holiday Weekend

Boring Week and Next Week Isn't Much More Promising It's always a bit jarring to go from something like last Friday's jobs report response to a subsequent week with very little movement, but in the grand scheme of things, it may as well have been a 9 day weekend. Actually, make that a 10 day weekend with the upcoming Monday being a holiday closure. Neither PPI nor Consumer Sentiment caused a stir today, but volume suggests traders were willing to react to PPI if it had fallen far from forecasts. In general, we'll need big ticket data to say bad things about the economy in order to recover any decent amount of what was recently lost. To that end, we're waiting all the way until next Thursday morning for the next round of reasonably relevant reports. Econ Data / EventsM/M Core PPI0.2 vs 0.2 f'cast, 0.3 prev Y/Y Core PPI2.8 vs 2.7 f'cast, 2.4 prev Consumer Sentiment68.9 vs 79.8 f'cast, 70.1 prev 1yr inflation expectations2.9 vs 2.7 prev 5yr inflation expectations3.0 vs 3.1 prev Market Movement Recap08:59 AM slightly weaker overnight with some additional losses after data. MBS down an eighth and 10yr up 3.7bps at 4.098 01:09 PM Back near unchanged in MBS, best levels of the day. 10yr up only 1.1bps at 4.072 03:51 PM Not far from previous update. MBS down 2 ticks (.06) and 10yr up 1.8bps at 4.079

October 11, 2024 Download our Mobile App: Download our Mobile App: MBS Commentary Boring Week For Bonds and Next Week Isn't Much More Promising Boring Week and Next Week Isn't Much More Promising It's always a bit jarring to go from something like last Friday's jobs report response to a subsequent week with very little movement, but in the grand sche... (read more) Mortgage Rate Watch Mortgage Rates Side-Step Into Holiday Weekend While this week's rates were substantially higher than most of last week's, if we remove a few flashes of volatility, the average lender stayed very close to Monday morning's levels. Wednesday afternoon and Thursday mid-day definitely saw... (read more) Rob Chrisman Loan Sale and Purchase Platform, HELOC, Automated Servicing Call Tools; November Events; Interview with Figure Preparing for the next hurricane in Florida? Or Louisiana? Or Texas? Call this really smart or really humorous, it’s up to you. (And no, I don’t know how it fared.) We do, however, know how lenders and vendors are faring. Sure, headlines blared that ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.64% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.64% +0.02 0.00 15 Yr. Fixed 6.10% -0.06 0.00 30 Yr. FHA 6.12% 0.00 0.00 30 Yr. Jumbo 6.75% 0.00 0.00 7/6 SOFR ARM 6.55% -0.01 0.00 30 Yr. VA 6.13% -0.02 0.00 Updates Daily - Last Update: 10/11 15 Yr. Fixed Rate 6.10% -0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.32% +0.20 0.00 15 Yr. Fixed 5.41% +0.16 0.00 Updates Weekly - Last Update: 10/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.13% -0.03 0.57 15 Yr. Fixed 5.47% +0.05 0.52 30 Yr. Jumbo 6.47% +0.06 0.50 Updates Weekly - Last Update: 9/25 MBS / Treasuries UMBS 30YR 5.0 98.68 -0.13 Price / Yield Change MBS UMBS 5.0 98.68 -0.13 UMBS 5.5 100.24 -0.13 GNMA 5.0 99.12 0.00 GNMA 5.5 100.51 -0.07 Pricing as of: 10/11 5:31PM EST 10 Year US Treasury 4.0924 +0.0316 Price / Yield Change US Treasury 2 YR Treasury 3.948 -0.005 5 YR Treasury 3.895 +0.012 7 YR Treasury 3.985 +0.023 10 YR Treasury 4.092 +0.032 30 YR Treasury 4.403 +0.044 Pricing as of: 10/11 5:31PM EST Latest Video Consumer spending falls in September after 7 straight months of gains: CNBC... The Fed is on track to cut but the pace depends on labor market, says PGIM'... There's still room for the Fed to make gradual cuts, says Fmr. Fed Presiden... The economy is in good shape, but inflation is why voters feel differently,... Around the Web CNBC The Federal Reserve may have pretty much just hit its 2% inflation target Marketwatch Homeowners havent drained cash out of their houses this fast since 2008 Calculated Risk Blog House Prices to Income CNBC Heres the deflation breakdown for September 2024 in one chart CNBC The Fed is finally cutting rates, but banks aren't in the clear just yet CNBC Wholesale prices were flat in September, below expectations Calculated Risk Blog Realtor.com Reports Active Inventory Up 30.5% YoY Eye on Housing 2023 Home Improvement Loan Applications: A State- and County-Level Analysis Calculated Risk Blog Part 1: Current State of the Housing Market; Overview for mid-October 2024 CNBC 10-year Treasury yield dips as investors await producer prices data Marketwatch Hurricanes Helene and Milton unlikely to depress U.S. GDP Eye on Housing Energy Price Declines Lead the Way in September Calculated Risk Blog Q3 GDP Tracking: Around 3%

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