Mortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey. Freddie's data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing elevated volatility. To say that bond market volatility has been elevated recently is an understatement of extreme proportions. Things are happening that haven't happened in years . Some measures of volatility rival the March 2020 panic surrounding covid, only this time, there's no catalyst other than the market movement itself. Today was by far the worst of the bunch when it comes to this most recent spate of volatility. Most any mortgage lender added another eighth of a percent to their 30yr fixed rate offerings. Over the course of the past week, most

February 26, 2021 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Are Now Well Over 3 Percent Mortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey. Freddie's data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing eleva... (read more) Rob Chrisman Lenders Hiring MLOs; Correspondent, Tech, Servicing, Tech Products; What you Should Know About Yesterday's Rate Move Huh? Rates don’t continually go down and then stay there for an indefinite period of time? No, they don’t. There’s this opinion piece in the Wall Street Journal: “We’ll Have Herd Immunity by April. COVID cases have dropp... (read more) MBS Commentary MBS Live Recap: Video Time Corresponds With Market Drama (Today's is 22 min.) Just When You Thought It Wouldn't Get Much Worse Staggeringly weak day for bonds. 2.0 MBS coupon is now irrelevant.  2.5 is only game in town Lots of general motivations to discuss (watch the video... (read more) Housing News Pending Home Sales Post 5th Straight Loss January marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline in its Pending Home Sales Index (PHSI). The index, based on newly signed contracts for the purchase of existing homes, was down 2.8 pe... (read more) Housing News Fannie/Freddie COVID Programs Extended to Match FHA, VA Deadlines Deadlines for COVID-19 related relief for borrowers with Fannie Mae and Freddie Mac (GSE) mortgages were extended by the Federal Housing Finance Agency (FHFA) for the second time in a little over two weeks. The agency said the new changes were made t... (read more) Housing News Freddie Mac's 12-Month Portfolio Growth Nears Half Trillion Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1 percent in January compared to a 22.4 percent gain in December. The portfolio balance at the end of the period was $2.777 trillion compared to $2... (read more) Mortgage Rates Mortgage Rates Are Now Well Over 3 Percent 30 Yr. Fixed Rate 6.29% -0.16% Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% -0.16 0.00 15 Yr. Fixed 5.60% -0.21 0.00 30 Yr. FHA 5.95% -0.08 0.00 30 Yr. Jumbo 6.25% -0.15 0.00 7/6 SOFR ARM 5.59% -0.21 0.00 30 Yr. VA 5.97% -0.08 0.00 Updates Daily - Last Update: 9/5 15 Yr. Fixed Rate 5.60% -0.21% Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 MBS / Treasuries MBS Live Recap: Video Time Corresponds With Market Drama (Today's is 22 min.) UMBS 30YR 5.5 101.16 +0.03 MBS Price Change UMBS 5.0 99.45 -0.02 UMBS 5.5 101.16 +0.03 UMBS 6.0 102.52 +0.03 GNMA 5.0 99.84 +0.02 GNMA 5.5 101.15 +0.02 GNMA 6.0 102.15 +0.01 Pricing as of: 9/7 8:27PM EST 10 Year US Treasury 4.0733 -0.0134 US Treasury Yield Change 2 YR Treasury 3.511 -0.006 5 YR Treasury 3.581 -0.008 7 YR Treasury 3.788 -0.012 10 YR Treasury 4.073 -0.013 30 YR Treasury 4.760 -0.010 Pricing as of: 9/7 8:27PM EST Latest Video February consumer sentiment comes in at 76.8, matching expectations Cashin: There are fears the Fed has lost control of the bond market The 9am Bond Report - February 26, 2021 Rising bond yields challenge stocks and the Fed — Here's why Around the Web Calculated Risk Blog NY Times Upshot: "Where Have All the Houses Gone?" Reuters Fiscal stimulus fires up U.S. consumer spending; inflation benign Reuters U.S. CDC says trend of decline in COVID-19 cases may be stalling CNBC Art Cashin expects more stock pain as traders worry about Fed losing control of bond market Calculated Risk Blog Q1 GDP Forecasts Calculated Risk Blog Personal Income increased 10.0% in January, Spending increased 2.4% Federal Reserve Clarida, U.S. Economic Outlook and Monetary Policy Reuters U.S. House on verge of approving Biden's $1.9 trillion COVID-19 aid bill CNBC Bank of England official warns inflationary 'tiger' has awoken, sending bond yields higher Reuters Analysis: Global bond rout turns up the heat on central banks Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency Rate decreased in January CNBC Why stock investors are starting to really worry about rising bond yields CNBC Stocks just got some new competition from bonds as 10-year rate tops dividend yield

© 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: [recipientemail]. Go here to UNSUBSCRIBE from this email.