Sometimes a Tuesday is just a Tuesday for mortgage rates.  In the present week, any day is capable of generating some volatility due to one of several economic reports on the calendar.  This isn't always the case, but the first week of any given month is action-packed when it comes to data. Econ data is one of the top reasons that interest rates might move higher or lower on any given day.  Today's most relevant report was the Job Openings and Labor Turnover Survey (JOLTS).  While this is fair stale as far as labor market data goes, it has nonetheless proven to be a capable market mover. JOLTS may have been worth some more volatility today, but it carried a mixed message.  On one hand, job openings moved higher (bad for rates). On the other hand, a separate part of the report showed fewer people giving up their employment (good for rates).  The offsetting penalties limited the overall reaction, but it was nonetheless "bad for rates."  That said, the average lender is still right in line with yesterday's latest levels because the bond market had improved overnight.  In other words, JOLTS data simply took bonds/rates back to where they were yesterday afternoon.

June 3, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Uneventful Day For Mortgage Rates Sometimes a Tuesday is just a Tuesday for mortgage rates.  In the present week, any day is capable of generating some volatility due to one of several economic reports on the calendar.  This isn't always the case, but the first week of any ... (read more) MBS Commentary Fed and Data Temper Overnight Rally First thing's first: the overnight rally was fairly modest with 10yr yields dropping about 3bps to 4.41 ahead of the domestic session.  Given that these levels are/were in line with the lower boundary of the recent range, the less surprising out... (read more) Rob Chrisman Borrower Psychology, Marketing, DSCR, AUS for Non-QM; Note on LO Strategy; Supply Manager's Telling Comments My cat Myrtle never seemed to listen, but heard lots. LOs can hear the difference, when dealing with a borrower, between “What is your rate?” versus “Can you help me?” Hearing is important, listening even more so. “Rob, are you hearing that the indus... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.93% +0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.93% +0.04 0.00 15 Yr. Fixed 6.18% +0.04 0.00 30 Yr. FHA 6.44% +0.06 0.00 30 Yr. Jumbo 6.97% +0.02 0.00 7/6 SOFR ARM 6.37% +0.13 0.00 30 Yr. VA 6.45% +0.05 0.00 Updates Daily - Last Update: 6/6 15 Yr. Fixed Rate 6.18% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.85% -0.04 0.00 15 Yr. Fixed 5.99% -0.04 0.00 Updates Weekly - Last Update: 6/5 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.92% +0.06 0.69 15 Yr. Fixed 6.21% +0.09 0.72 30 Yr. Jumbo 6.94% +0.09 0.72 Updates Weekly - Last Update: 5/21 MBS / Treasuries UMBS 30YR 5.5 98.65 -0.33 Price / Yield Change MBS UMBS 5.5 98.64 -0.34 UMBS 6.0 100.76 -0.24 GNMA 5.5 99.00 -0.29 GNMA 6.0 100.85 -0.12 Pricing as of: 6/6 1:03PM EST 10 Year US Treasury 4.4767 +0.0822 Price / Yield Change US Treasury 2 YR Treasury 4.033 +0.113 5 YR Treasury 4.109 +0.111 7 YR Treasury 4.291 +0.100 10 YR Treasury 4.486 +0.091 30 YR Treasury 4.941 +0.069 Pricing as of: 6/6 1:03PM EST Latest Video JOLTS beats estimates, posts best number since February We aren't seeing housing construction costs impacted by tariffs, says Tri P... Former Cleveland Fed President Mester: The Fed should be waiting right now Housing-related stocks under pressure as U.S. construction spending dipped Around the Web CNBC Social Security benefits get reprieve from student loan collections, but paychecks are still at risk Calculated Risk Blog June ICE Mortgage Monitor: Home Prices Continue to Cool CNBC Ford reports 16% sales increase in May amid employee pricing, tariffs CNBC More office space is being removed than added for the first time in at least 25 years Calculated Risk Blog Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in April; Fannie Multi-Family Delinquency Rate Highest Since Jan 2011 (ex-Pandemic) Eye on Housing Construction Job Openings Steady in April Calculated Risk Blog Housing June 2nd Weekly Update: Inventory up 2.1% Week-over-week, Up 32.8% Year-over-year CNBC Treasury yields slide as OECD slashes U.S. growth outlook on tariff uncertainty CNBC Treasury yields tick higher as China says U.S. breached trade deal CNBC Euro zone inflation falls to cooler-than-expected 1.9% in May, below ECB target Eye on Housing April Private Residential Construction Spending Dips Calculated Risk Blog Construction Spending Decreased 0.4% in April Calculated Risk Blog ISM Manufacturing index Decreased to 48.5% in May

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