Mid Day Reversal Leaves Bonds Slightly Stronger This morning, we noted the lightness of the selling pressure that took bonds into modestly weaker territory. It turns out it was so light that it was easy for bond buyers to get back on top un the afternoon hours. There was a bit of help from the Fed's much-anticipated announcement of a change to banking rules that will effectively allow banks to hold more Treasuries than before.  This wasn't a big market mover and its impacts would play out in the background over time, but it did seem to help to the tune of a bp or two today. With that, yields hit the 3pm close at their lowest  levels since May 7th, just barely edging out yesterday's marks.  Econ Data / Events New Home Sales 623k vs 690k f'cast, 743k prev Market Movement Recap 09:54 AM Flat overnight and modestly weaker just before the open.  MBS down 3 ticks (.09) and 10yr up 2.9bps at 4.321 12:51 PM Decent rally ahead of 5yr Treasury auction.  10yr up only 1.3bps at 4.305.  MBS down only 1 tick (.03). 01:43 PM No major response to 5yr auction.  10yr yields up 2bps at 4.312.  MBS down 2 ticks (.06). 03:45 PM Best levels of the day with MBS up 2 ticks (.06) and 10yr down nearly 1bp at 4.284

June 25, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Mid Day Reversal Leaves Bonds Slightly Stronger Mid Day Reversal Leaves Bonds Slightly Stronger This morning, we noted the lightness of the selling pressure that took bonds into modestly weaker territory. It turns out it was so light that it was easy for b... (read more) Mortgage Rate Watch Lowest Rates in Over 2 Months The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week.  Two additional days of modest improvement brings us to the lowest levels since April 4th as of today.   Apr... (read more) Rob Chrisman TBA Trading, Servicing Compliance, Digital Marketing, DPA Products; Bank M&A Continues AI doesn’t have an NMLS number. (Zillow has never, ever set foot in a house for that matter.) Do you own a computer? Most in lending do. Elon Musk? I guess not. A courtroom twist in Musk's war with OpenAI has revealed a stunningly bizarre detail abou... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.79% -0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.79% -0.03 0.00 15 Yr. Fixed 6.02% -0.02 0.00 30 Yr. FHA 6.25% -0.05 0.00 30 Yr. Jumbo 6.89% -0.01 0.00 7/6 SOFR ARM 6.37% -0.02 0.00 30 Yr. VA 6.27% -0.04 0.00 Updates Daily - Last Update: 6/25 15 Yr. Fixed Rate 6.02% -0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.81% -0.03 0.00 15 Yr. Fixed 5.96% -0.01 0.00 Updates Weekly - Last Update: 6/18 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% -0.09 0.66 15 Yr. Fixed 6.14% -0.02 0.70 30 Yr. Jumbo 6.81% -0.12 0.63 Updates Weekly - Last Update: 6/18 MBS / Treasuries UMBS 30YR 5.5 99.71 +0.03 Price / Yield Change MBS UMBS 5.5 99.71 +0.03 UMBS 6.0 101.48 -0.01 GNMA 5.5 99.93 0.00 GNMA 6.0 101.36 -0.02 Pricing as of: 6/26 5:52AM EST 10 Year US Treasury 4.2788 -0.0093 Price / Yield Change US Treasury 2 YR Treasury 3.769 -0.015 5 YR Treasury 3.846 -0.001 7 YR Treasury 4.036 -0.019 10 YR Treasury 4.279 -0.009 30 YR Treasury 4.822 -0.015 Pricing as of: 6/26 5:52AM EST Latest Video New home sales hit 7-month lows Fed Chair Powell: The labor market and economy are solid, but we're watchin... Fed Chair Powell: Rate decision depends on path of the economy, highly unce... Consumer confidence index surprises to downside Around the Web Calculated Risk New Home Sales Decrease to 623,000 Annual Rate in May Reuters Fed kicks off effort to ease bank leverage rules CNBC Mortgage rates and demand are stuck in a holding pattern CNBC Divided Fed proposes rule to ease capital requirements for big Wall Street banks CNBC Watch Fed Chair Jerome Powell testify live before Senate banking panel PR Newswire US Consumer Confidence Retreats in June CNBC U.S. crude oil trades below $65 after steep selloff following Israel-Iran ceasefire Calculated Risk Case-Shiller: National House Price Index Up 2.7% year-over-year in April Eye on Housing Is U.S. Lumber Self-Reliance Possible? Calculated Risk Blog Hotels: Occupancy Rate Decreased 2.4% Year-over-year CNBC Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism FHFA FHFA House Price Index® Down 0.4 Percent in April; Up 3.0 Percent from Last Year CNBC Treasury yields hold steady as investors monitor Israel-Iran ceasefire

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