This morning's ADP Employment data was the only potential market mover for bonds, at least as far as scheduled data is concerned.  Despite coming out a bit higher than expected, bonds opted to maintain the rally trend that had been intact since the start of European trading overnight. That resulted in moderate gains at the start of the 9:30am NYSE open, but things changed from there.  Stocks bounced higher and brough bond yields along for the ride.  The net effect is modest weakness, and no major change to the sideways grind in the bigger picture.  Things could change for better or worse this afternoon after the tariff announcement expected at 4pm ET.

April 2, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.15% -0.02%   6.01% 7.13% 15 Yr. Fixed 5.72% -0.03%   5.55% 6.5% 30 Yr. Jumbo 6.33% -0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Apr 2, 2025 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.15% -0.02 0.00 15 Yr. Fixed 5.72% -0.03 0.00 30 Yr. FHA 5.75% -0.05 0.00 30 Yr. Jumbo 6.33% -0.02 0.00 7/6 SOFR ARM 5.56% -0.03 0.00 30 Yr. VA 5.77% -0.04 0.00 Updates Daily - Last Update: 2/6 Freddie Mac Rate Change Points 30 Yr. Fixed 6.11% +0.01 0.00 15 Yr. Fixed 5.50% +0.01 0.00 Updates Weekly - Last Update: 2/5 Mortgage Bankers Assoc. 30 Yr. Fixed 6.24% +0.08 0.55 15 Yr. Fixed 5.64% +0.09 0.61 30 Yr. Jumbo 6.34% -0.05 0.40 Updates Weekly - Last Update: 1/28 UMBS 30YR 5.0 100.05 +0.01   95.71 100.50 UMBS 30YR 5.5 101.49 +0.04   98.11 101.64 10 YR Treasury 4.213 +0.033   3.932 4.608 Choppy, But Sideways Morning Leaves Focus on Afternoon Headlines Wed, Apr 2, 2025 12:06PM This morning's ADP Employment data was the only potential market mover for bonds, at least as far as scheduled data is concerned.  Despite coming out a bit higher than expected, bonds opted to maintain the rally trend that had been intact since the start of European trading overnight. That resulted in moderate gains at the start of the 9:30am NYSE open,... (read more) MBS Price Change UMBS 4.5 98.06 +0.03 UMBS 5.0 100.05 +0.01 UMBS 5.5 101.49 +0.04 GNMA 4.5 97.84 +0.10 GNMA 5.0 100.18 +0.11 GNMA 5.5 101.22 -0.02 Pricing as of: 2/7 1:34AM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.044 5 YR Treasury 3.753 +0.036 7 YR Treasury 3.965 +0.026 10 YR Treasury 4.213 +0.033 30 YR Treasury 4.851 +0.006 Pricing as of: 2/7 1:34AM EST Other News HELOC, Credit Union, Non-QM Products; Wholesale, Reverse, Vendor Partnership News Wed, Apr 2, 2025 11:44AM Does anyone use the term “elderly” anymore? Websters defines elderly as “anyone past middle age,” “middle age” being 45-64. Prepare for a fight if you call anyone 65 “elderly” especially when places like The Villages exist. That aside, want to help your older clients? Pass along this list of discounts, for various ages, on items like airline tickets, hotels,... (read more) Latest Video Pres. Trump announcing reciprocal tariffs: 'Jobs and factories will come ba... Fmr Dallas Fed President Richard Fisher on Trump's tariffs impact on intern... Private companies added 155,000 jobs in March, more than expected, ADP says February factory orders up 0.6% Around the Web Calculated Risk Blog Moody's: Q1 2025 Apartment Vacancy Rate Highest Since 2010; Office Vacancy Rate at Record High CNBC Private companies added 155,000 jobs in March, more than expected, ADP says CNBC Mortgage rates and demand seem stuck in a holding pattern, as markets await tariff news CNBC Trump's upcoming tariffs 'will be effective immediately,' White House says The Basis Point Rocket acquiring moving companies now too?! Wait, that makes sense. CNBC Manhattan's luxury real estate market sees best first quarter in six years Eye on Housing Soft Job Openings Estimate for Construction Eye on Housing Private Residential Construction Spending Rises in February PR Newswire Manufacturing PMI® at 49%; March 2025 Manufacturing ISM® Report On Business® Calculated Risk Blog Freddie Mac House Price Index Increased in February; Up 3.4% Year-over-year CNBC Treasury yields fall as investors brace for U.S. President Donald Trump's tariff policy rollout CNBC Euro zone inflation dips to 2.2% in March as U.S. tariffs loom Federal Reserve FEDS Paper: The Evolution of Inflation Targeting from the1990s to 2020s: Developments and New Challenges

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