There was a bit of behind-the-scenes volatility in the bond market today.  Normally, bond volatility translates to interest rate volatility. In some cases, the timing of the volatility is such that  has a minimal impact on mortgage lenders. Today was one of those days. Yesterday evening, news broke regarding a court ruling that would block the imposition of some recently announced tariffs.  Stocks rallied on the news and the bond market weakened (implying higher rates in the day ahead). But by this morning, much of the initial reaction had been reversed. After the somewhat soft economic data, bonds continued to improve. In general, weaker data is good for bonds/rates.  Today was no exception, but the weakness and the reaction was minimal. Markets had also successfully sniffed out the probability that the tariff ruling would be paused during the appeal process, something that likely helped fuel the overnight recovery.  The net effect is a modest drop in the average conventional 30yr fixed rate, back to levels seen on Monday afternoon.

May 29, 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 29, 2025 Mortgage Rates Move Slightly Lower After Today's Data Thu, May 29, 2025 3:49PM There was a bit of behind-the-scenes volatility in the bond market today.  Normally, bond volatility translates to interest rate volatility. In some cases, the timing of the volatility is such that  has a minimal impact on mortgage lenders. Today was one of those days. Yesterday evening, news broke regarding a court ruling that would block the imposition of some recently announced tariffs.  Stocks rallied on the news and the bond market weakened (implying higher rates in the day ahead). But by this morning, much of the initial reaction had been reversed. After the somewhat soft... (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 Overnight Trading Makes No Guarantees Thu, May 29, 2025 10:56AM We have a primer in the MBS Live knowledge base regarding the potential for overnight news and bond trading to give a completely different impression of how the following day will eventually trade: Overnight trading makes no guarantees.  This seems applicable today.  Last night, markets began moving in one direction on news that a U.S. tr... (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 12:00AM 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 12:00AM EST Other News AI Hedging, Application, Processing Tools; Builder/Lender M&A; Freddie-Fannie Saga Continues Thu, May 29, 2025 11:50AM How about those junk emails that start off with, “I’m not going to waste your time.” It already wasted my time. Is it a waste of time paying attention to what government officials say, or schedules that they give? Trelix’s Brett Parker noted, “Last year some in the industry were saying, ‘Stay alive until ‘25’ but now it could be ‘Stay in the mix until ‘26’.”... (read more) Latest Video Trump tariffs reinstated by appeals court for now How the American homebuyer, from 50-plus to Gen Z, is changing: Sheryl Palm... April pending home sales fall more than expected Fed: Committee well-positioned to wait for more clarity on inflation and ec... Around the Web CNBC Trump tariffs reinstated by appeals court for now CNBC Fed Chair Powell told Trump in Thursday meeting that rate decisions would be based on 'non-political' analysis Calculated Risk Blog Realtor.com Reports Most Actively "For Sale" Inventory since 2019 Seeking Alpha Initial jobless claims jump past consensus in last week Marketwatch Economy shrank 0.2% in the first quarter, updated GDP shows, as trade wars sapped U.S. growth CNBC Treasury yields move higher as trade court blocks Trump's tariffs Calculated Risk Blog NAR: Pending Home Sales Decrease 6.3% in April; Down 2.5% YoY CNBC Mortgage rates rose to the highest level since January, but demand from homebuyers still grew. Here's why. Calculated Risk Blog Inflation Adjusted House Prices 1.0% Below 2022 Peak; Price-to-rent index is 8.1% below 2022 peak Calculated Risk Blog FDIC: Commercial Real Estate "Past-Due and nonaccrual" Highest Since 2014 CNBC Fed worried it could face 'difficult tradeoffs' if tariffs reaggravate inflation, minutes show Eye on Housing Aging-in-Place Remodeling Work Fell While Familiarity and Receptiveness Remain High Federal Reserve Bank of Dallas Texas manufacturing production flat, new orders fall

© 2026  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.