Mortgage Rates Slightly Higher to Start New Week

Mortgage rates rose to the highest levels since May 2024 by the end of last week following a stronger reading on the jobs report. Technically, the same thing happened today, but only because rates inched just a bit higher from Friday's latest levels. This time around, there wasn't any big-ticket economic data to motivate movement and the minimal change could just as easily be seen as incidental or "almost sideways." The more important consideration is the new round of potential volatility on the horizon. Whereas it was the jobs report last week, this week's critical data will be Wednesday's Consumer Price Index (CPI). Tomorrow's inflation data (the Producer Price Index) is not quite as important, but a nonetheless capable of causing a reaction. If inflation comes in higher than expected, it could easily push rates even higher. The average lender is now up to 7.25% for a top tier conventional 30yr fixed scenario.

January 13, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Slightly Higher to Start New Week Mortgage rates rose to the highest levels since May 2024 by the end of last week following a stronger reading on the jobs report. Technically, the same thing happened today, but only because rates inched just a bit higher from Friday's latest levels.... (read more) MBS Commentary Quiet Monday For Data. Bonds Staying on Defense Ahead of Inflation Reports After last Friday's jobs report, the evaporation of Fed rate cut probability has been a common refrain. While it's true that there was an obvious shift in both long and short term rates, it was a drop in the bucket compared to the broader ... (read more) Rob Chrisman Non-QM, Income Calculator, POS Compliance Tools; $250 Billion Disaster Primer; The Mortgage Firm and DOJ “An economics professor was walking with a student when the student looked down and said, ‘Look! A $50 bill!’ The professor explained, ‘That can’t be true. If it were a $50 bill someone would have already picked it up.’” Sometimes reality doesn’t mat... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.26% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.26% +0.02 0.00 15 Yr. Fixed 6.59% +0.06 0.00 30 Yr. FHA 6.57% +0.02 0.00 30 Yr. Jumbo 7.44% +0.02 0.00 7/6 SOFR ARM 7.13% +0.03 0.00 30 Yr. VA 6.59% +0.02 0.00 Updates Daily - Last Update: 1/13 15 Yr. Fixed Rate 6.59% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.93% +0.02 0.00 15 Yr. Fixed 6.14% +0.01 0.00 Updates Weekly - Last Update: 1/9 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.75% 0.00 0.66 15 Yr. Fixed 6.15% 0.00 0.71 30 Yr. Jumbo 6.86% 0.00 0.61 Updates Weekly - Last Update: 12/25 MBS / Treasuries UMBS 30YR 6.0 99.56 -0.09 Price / Yield Change MBS UMBS 6.0 99.56 -0.09 UMBS 6.5 101.64 -0.01 GNMA 6.0 100.20 -0.17 GNMA 6.5 101.60 +0.05 Pricing as of: 1/13 5:31PM EST 10 Year US Treasury 4.7913 +0.0264 Price / Yield Change US Treasury 2 YR Treasury 4.395 +0.016 5 YR Treasury 4.610 +0.031 7 YR Treasury 4.710 +0.032 10 YR Treasury 4.791 +0.026 30 YR Treasury 4.970 +0.027 Pricing as of: 1/13 5:31PM EST Latest Video Redfin CEO Glenn Kelman on LA fires: Rebuilding these homes will take a lon... What the bond market signals Consumer spending surges in December: CNBC/NRF Retail Monitor Measuring damage from California wildfires: Here's what to know Around the Web Marketwatch A juiced-up economy is good news, right? Not if inflation reignites. That's the worry now. CNBC Biden's total student debt relief passes $183 billion, after he forgives another 150,000 borrowers CNBC 10-year Treasury yield rises ahead of inflation prints Eye on Housing Solid Job Market in December Calculated Risk Blog 2nd Look at Local Housing Markets in December Calculated Risk Blog Housing Jan 13th Weekly Update: Inventory down 1.7% Week-over-week, Up 23.6% Year-over-year CNBC Heres where the jobs are for December 2024 in one chart CNBC U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1% Calculated Risk Blog Comments on December Employment Report Fannie Mae Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Disaster Relief Options for Those Affected by the Southern Cal... CNBC Insurance stocks sell off sharply as potential losses tied to LA wildfires increase Eye on Housing Residential Construction Loan Volumes Decline Over the Third Quarter Calculated Risk Blog Q4 GDP Tracking: 1.8% to 2.7% Range

© 2025 Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: newsletter@newslettercollector.com. Go here to UNSUBSCRIBE from this email.