Whether it's today vs yesterday, or today vs the end of last week, the average top tier 30yr fixed mortgage rate is just a hair lower. Today's improvement was arguably a byproduct of trade related headlines this morning. Specifically, some comments suggested this weekend's negotiations between the US and China in Switzerland would merely be a starting point. As has been the case for most any other recent trading day, there were plenty of other headlines that may have had an impact, but the overall movement is so small that nothing really stands out.   Looking ahead, the bond market (and thus, rates) will likely be tuning into next Tuesday's inflation data along with any substantive developments from the weekend's trade negotiations (which would be a tall order since they don't involve a meeting between Xi and Trump).

May 9, 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 May 9, 2025 Mortgage Rates Barely Lower to End The Week Fri, May 9, 2025 4:30PM Whether it's today vs yesterday, or today vs the end of last week, the average top tier 30yr fixed mortgage rate is just a hair lower. Today's improvement was arguably a byproduct of trade related headlines this morning. Specifically, some comments suggested this weekend's negotiations between the US and China in Switzerland would merely be a starting point. As has been the case for most any other recent trading day, there were plenty of other headlines that may have had an impact, but the overall movement is so small that nothing really stands out.   Looking ahead, the bond marke... (read more) 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 Lots of Fed Speakers, But The Focus is on China Fri, May 9, 2025 11:04AM A glance at today's economic calendar quickly reveals that Fed speeches are the only game in town in terms of scheduled events.  But what can the Fed say that we didn't already hear from Powell on Wednesday, or 47 other times in other speeches over the past month? Maybe something, but probably nothing earth shattering.  Instead, the market is on th... (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 10:25AM 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 10:25AM EST Other News HELOC, Automation, Buy Before You Sell Tools; Trump Admin. and Disaster Monitoring; Guild Earnings Fri, May 9, 2025 11:52AM Here’s something that our Fed can’t do anything about, inflation-wise: coconut prices have doubled due to extreme weather events. (More on weather and climate below.) The Federal Reserve doesn’t control U.S. property taxes either, and they’ve jumped an average of 10.4 percent between 2021 and 2023, with wide variations across the 50 largest metro areas, from... (read more) Latest Video Renters are staying put, due to concern over the economy Consumer momentum is still moving forward, says BofA's Liz Everett Krisberg Consumer spending up in April: CNBC/NRF Retail Monitor Wholesale inventories grow slightly less than expected Around the Web Calculated Risk Blog Part 1: Current State of the Housing Market; Overview for mid-May 2025 Calculated Risk Blog Q2 GDP Tracking: Around 2% Calculated Risk Blog Realtor.com Reports Most Actively "For Sale" Inventory since 2019 FXStreet Fed's Williams: Price stability is foundational for Fed Marketwatch Trump rolls out U.K. trade agreement. It's a relief - but deals with other countries are more crucial. CNBC Treasury yields hold steady as investors monitor global trade negotiations CNBC Bank of England cuts interest rates: Here's what it means for your money Eye on Housing Fed Remains on Pause with Rising Uncertainty FXStreet US: Initial Jobless Claims dropped to 228K last week Calculated Risk Blog AAR: Rail Carloads and Intermodal Up in April CNBC Treasury yields rise as investors await first trade deal on tariffs Calculated Risk Blog Hotels: Occupancy Rate Increased 1.8% Year-over-year Eye on Housing Multifamily Developer Confidence Falls in the First Quarter

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