What's a bond market rally and why should mortgage rates care? There are all kinds of bonds. US Treasuries would be the quintessential example, but there are also bonds specific to the mortgage market. These are what groups of loans ultimately become in order to be traded on the open market (thus allowing lenders to make more loans with less risk and lower rates). As investors buy and sell bonds throughout the day, bond prices change. The higher the price, the lower the implied interest rate. Simply put, if bonds are rallying, rates should be falling shortly thereafter. The 10yr Treasury yield is typically an excellent barometer for mortgage rate movement. 10yr Treasuries and mortgage-backed bonds tend to correlate extremely well. As such, we might expect a more significant improvement in mortgage

January 26, 2021 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Down Only Slightly Despite Bond Market Rally What's a bond market rally and why should mortgage rates care? There are all kinds of bonds. US Treasuries would be the quintessential example, but there are also bonds specific to the mortgage market. These are what groups of loans ultimately become... (read more) Housing News Loans Still Taking 2 Months to Close as Refi Demand Stays Strong The interest rates on 30-year fixed rate mortgages originated in December reached an all-time low in ICE Mortgage Technology's (formerly Ellie Mae's) records, an average of 2.93 percent and a 4-basis point decline from the November rate. The company,... (read more) MBS Commentary MBS Live Recap: MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation Treasuries didn't gain any new ground today, but it's a bit of a victory to simply hold below the recent floor at 1.075%.  Moreover... (read more) Housing News Existing Home Sales Reach Highest Levels Since 2006 Existing home sales resumed an upward trajectory in December. After drifting lower by 2.5 percent in November, breaking a five-month streak of gains , the National Association of Realtors® (NAR) said sales in the last month of the year rose 0.7 p... (read more) Housing News November Home Prices Climbed at Highest Rate in Six Years The annual increases in U.S. home prices is nearing dizzying levels. The November data from the Federal Housing Finance Agency (FHFA) crossed into double digits for the second consecutive month while the months numbers from S&P CoreLogic Case-Shi... (read more) Rob Chrisman MLO Jobs; Sales, Pricing, Processing, Correspondent, Products; LO Productivity Study; FHFA Disaster News While the Biden Administration waits for the Trump staff to tell them the Wi-Fi password in the White House, the government continues to occupy our thoughts. “The government should not vaccinate health care workers first. Because if it fails, w... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.73 +0.09 Price / Yield Change MBS UMBS 5.5 99.73 +0.09 UMBS 6.0 101.52 +0.09 GNMA 5.5 99.93 +0.08 GNMA 6.0 101.42 +0.08 Pricing as of: 7/6 10:31PM EST 10 Year US Treasury 4.3295 -0.0172 Price / Yield Change US Treasury 2 YR Treasury 3.855 -0.028 5 YR Treasury 3.911 -0.025 7 YR Treasury 4.104 -0.021 10 YR Treasury 4.331 -0.016 30 YR Treasury 4.860 -0.003 Pricing as of: 7/6 10:31PM EST Latest Video Covid-19 is still weighing on consumer confidence, says The Conference Boar... Why this trader is underweight 10-tear treasury note Why this trader is underweight the 10-year Treasury The Bond Report - 9am - January 26, 2021 Around the Web CNBC Fed will need to reassure the market it's not thinking about dialing back its support Calculated Risk Blog BLS: December Unemployment rates down in 19 States, Higher in 12 States Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in November NAHB Eye on Housing COVID-19 Continues to Impact Home Purchasing Plans CNBC White House signals it could agree to more narrowly targeted stimulus checks Calculated Risk Blog NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased 2.5% YoY CNBC Restaurants staged nimble responses to Covid's blows in 2020, but 6 years of growth were wiped away CNBC Italy's Prime Minister Giuseppe Conte resigns as political crisis escalates CNBC Treasury yields climb after Yellen's confirmation as Treasury secretary news.google.com Moderna CEO: US needs to prepare for fall, COVID-19 resurgence - Yahoo Finance CNBC Nearly 20% of renters in America are behind on their payments CNBC ECB's Lagarde says pandemic recovery might be delayed, but shouldn't be derailed NAHB Eye on Housing Top Ten Builder Share Tops 30 Percent in 2019 for Second Year in a Row

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