Mortgage rates jumped a bit higher last Friday after dropping triumphantly during the first four days of the week.  That bounce may have cast some doubt on the level of "triumph," but things have calmed down at the start of the new week. The average lender is right in line with the rates seen on Friday (which are still substantially lower than the rates seen on the previous Friday).  In fact, the average lender is still roughly a quarter of percent lower versus July 6/7.   While the bonds that underlie mortgage rate movement will likely be mulling some big decisions in coming weeks, there's a bit of a lull between now and the next batch of big ticket events.  It's not that this week's scheduled data is incapable of causing volatility--just that the odds are lower when compared with things like next week's Fed announcement or several of the economic reports being released the following week.

July 17, 2023 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Barely Budge To Start The New Week Mortgage rates jumped a bit higher last Friday after dropping triumphantly during the first four days of the week.  That bounce may have cast some doubt on the level of "triumph," but things have calmed down at the start of the new week. The av... (read more) MBS Commentary Slightly Stronger, Sideways, and Still Waiting Slightly Stronger, Sideways, and Still Waiting Monday's trading session offered little by way of anything significant or interesting for the bond market. Yields fell in Europe and pushed back steadily hi... (read more) Rob Chrisman Efficiency, Fulfillment, Correspondent Products; Offices Into Housing; Capital Markets I am often asked about the jumbo segment of our business. Frankly, aside from the coasts and a couple cities in-between, much of the nation is not overly concerned with it. Paying $1 million or more for a house may seem excessive to most Americans, a... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.89% -0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.89% -0.02 0.00 15 Yr. Fixed 6.21% -0.01 0.00 30 Yr. FHA 6.25% -0.04 0.00 30 Yr. Jumbo 7.00% -0.02 0.00 7/6 SOFR ARM 6.50% +0.05 0.00 30 Yr. VA 6.25% -0.05 0.00 Updates Daily - Last Update: 5/9 15 Yr. Fixed Rate 6.21% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.76% 0.00 0.00 15 Yr. Fixed 5.89% -0.03 0.00 Updates Weekly - Last Update: 5/8 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% -0.05 0.68 15 Yr. Fixed 6.17% 0.00 0.65 30 Yr. Jumbo 6.86% -0.02 0.46 Updates Weekly - Last Update: 5/7 MBS / Treasuries UMBS 30YR 5.5 99.12 +0.01 Price / Yield Change MBS UMBS 5.5 99.12 +0.01 UMBS 6.0 100.94 -0.03 GNMA 5.5 99.40 +0.02 GNMA 6.0 100.69 -0.11 Pricing as of: 5/11 1:35PM EST 10 Year US Treasury 4.3848 +0.0078 Price / Yield Change US Treasury 2 YR Treasury 3.901 +0.028 5 YR Treasury 3.997 +0.011 7 YR Treasury 4.183 +0.001 10 YR Treasury 4.385 +0.008 30 YR Treasury 4.838 +0.005 Pricing as of: 5/11 1:35PM EST Latest Video Mortgage rates soar to highest level since November One week of better inflation data does not 'a new trend make', says Citi's ... Inflation has been 'much more transitory than persistent', says Ed Yardeni Regional banks are positioned to be resilient in earnings, says RBC's Gerar... Around the Web Calculated Risk Blog Will house prices decline further later this year? Calculated Risk Blog Housing July 17th Weekly Update: Inventory increased 1.2% Week-over-week; Down 7.5% Year-over-year Eye on Housing Single-Family Permits Decline in May 2023 CNBC Treasury yields fall as investors assess state of U.S. economy CNBC More Americans are moving to Spain and paying high prices for real estate CNBC Biden administration announces student debt forgiveness for 804,000 federal borrowershere's who qualifies CNBC 1 in 3 federal student loan borrowers spent money they thought was going to be forgivenhere's where relief stands Calculated Risk Blog 3rd Look at Local Housing Markets in June Eye on Housing Residential Building Workers Wage Growth Trending Down CNBC St. Louis Fed President Bullard says he's stepping down in August CNBC Treasury yields moderate after two-day slide on light inflation data Calculated Risk Blog Q2 GDP Tracking: Around 2% CNBC Europe stocks set for lower open as momentum wanes; China GDP misses expectations

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