30YR Fixed Rate
6.75%
+0.02%
15YR Fixed Rate
5.98%
+0.01%
UMBS 30YR 5.5
99.91
+0.06
10 Year Treasury
4.268
-0.012
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'Unchanged' Feels Like a Victory Bonds began the day at the highest yields in more than a year and slowly worked their way back to 'unchanged.'  Solid justification for the move (in either direction) was elusive.  Traders are talking in generalities with topics such as corporate bond issuance and fiscal policy frequently mentioned.  European markets were also a factor for bond weakness late in the overnight session and strength in the afternoon.  We're left with a reminder that the big picture rising rate trend can't be easily ruled out, and mortgage rate sheets that are still showing battle scars despite positive reprices and MBS prices near unchanged levels. Econ Data / Events Fed MBS Buying  10am, 1130am, 1pm Consumer Confidence 109.7 vs 96.9 f'cast, 90.4 prev Inflation expectations 6.7 vs 6.5 f'cast, 6.3 prev Market Movement Recap 08:23 AM Sharply weaker overnight in heavy volume and a modest bounce back since then.  Biggest moves in Europe, early, but not tied to any standout event (econ data was broadly stronger though).  10yr up 4bps at 1.756 and 2.5 UMBS down almost a quarter point at 102-13 (102.41). 10:34 AM Briefly weaker after the Consumer Confidence numbers (much stronger than expected and inflation expectations noticeably higher), but the general trend has been resilience and modest gains since the domestic open.  10yr up 3bps at 1.75% and 2.5 UMBS down just over an eighth of a point. 12:35 PM Decent little recovery heading into the end of European trading hours.  10yr fell from 1.76 to 1.72, but has bounced a bit in the past half hour (1.73 currently).  2.5 UMBS are now down less than an eighth of a point.
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March 30, 2021
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MBS Commentary
MBS Live Recap: 'Unchanged' Feels Like a Victory
'Unchanged' Feels Like a Victory Bonds began the day at the highest yields in more than a year and slowly worked their way back to 'unchanged.'  Solid justification for the move (in either direction) was... (read more)
Rob Chrisman
MLO Jobs; Jumbo, Workflow, Retention Products; Agency Risk Changes Ahead; Want a 6 Month Lock?
The demand for shipping on the Suez Canal never stopped. (Do you think this conversation ever took place on the bridge of the Ever Given? “I bet you can’t turn this thing around in the Suez Canal!” “Really? Here, hold my beer.... (read more)
Housing News
Refis Constituted Three-Quarters of Freddie Mac's February Volume
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.7 percent in February compared to a 16.1 percent gain in January. The portfolio balance at the end of the period was $2.818 trillion compared to $2... (read more)
Housing News
States Vary Widely in Housing Stock Age
The age of the U.S. housing stock is, to a certain extent, a reflection of the decline in new home construction since the onset of the housing crisis. However, Na Zhao, in a blog post in the National Association of Home Builders' (NAHB's) Eye on Hous... (read more)
Mortgage Rate Watch
Rates Catch a Break. Will it Last? What's The Impact on Housing?
The biggest story for the mortgage and housing market so far in 2021 has been the big spike in mortgage rates. It has been more abrupt and covered more ground than all but the worst historical examples. That said, it was always going to happen when t... (read more)
Housing News
Borrowers are Exiting Forbearance at an Increased Rate
For the moment at least, the number of loans in forbearance are heading downhill and picking up speed. Black Knight says the number of active plans declined by 135,000 over the past month (-5 percent), 19,000 (-0.7 percent) occurred in the last week ... (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
99.64 -0.20
Price / Yield Change
MBS
UMBS 5.5 99.64 -0.20
UMBS 6.0 101.43 -0.13
GNMA 5.5 99.86 -0.11
GNMA 6.0 101.34 -0.06
Pricing as of: 7/3 9:16PM EST
10 Year US Treasury
4.3467 +0.0669
Price / Yield Change
US Treasury
2 YR Treasury 3.883 +0.095
5 YR Treasury 3.937 +0.070
7 YR Treasury 4.125 +0.068
10 YR Treasury 4.347 +0.067
30 YR Treasury 4.863 +0.055
Pricing as of: 7/3 9:16PM EST
Latest Video
Consumer confidence comes in at 109.7 versus 96.8 estimate
The 9am Bond Report - March 30, 2021
Behind Archegos' Bill Hwang's risk appetite — and what happened
Housing, rental market strong despite late rent payments, says economist Za...
Around the Web
Brookings Institution
As prosperity rose in many metro areas, neighborhood divides widened
Reuters
Factbox-What we know about Biden's U.S. infrastructure plan so far
Calculated Risk Blog
Update: A few comments on the Seasonal Pattern for House Prices
CNBC
Wall Street awaits Biden infrastructure plan, but it may not be ready for the new taxes
National Associattion of Realtors
February 2021 NAR SentriLock Home Showings Report
Fannie Mae
Housing Insights: COVID-19 Led First-Time Homebuyers to Move Away from Highly Dense City Centers
CNBC
Critics slam the Fed as home prices rise at a historic rate
Reuters
U.S. consumer confidence hits one-year high; house prices soar
Calculated Risk Blog
Real House Prices and Price-to-Rent Ratio in January
National Associattion of Realtors
Instant Reaction: S&P CoreLogic Case-Shiller Home Price Indices, March 30, 2021
CNBC
We're not out of the woods': How commercial property could spark a financial shock
CNBC
10-year Treasury yield hits 14-month highs, topping 1.77%
Reuters
Analysis: Debacle at Archegos throws excessive risk-taking into spotlight
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Today's Mortgage Rates  |  Mortgage Calculators
7/3/2025
30 Yr. Fixed Rate
6.75%
+0.02%
0.00
MBS & Treasury Prices
UMBS 30YR 5.5
99.91
+0.06
10 Year US Treasury
99.859
+0.099
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