Gentle Rally Gently Reverses After Trade Headlines First thing's first: bonds closed in stronger territory and retained most of the gains that were present in the AM hours.  But they would have done just a bit better if not for a handful of newswires that hit around 2:30pm ET regarding vaguely positive comments on US/China trade talks (i.e. BESSENT ON US-CHINA TALKS: 'GOOD MEETING'). This preceded a move up to 4.487 from 4.470 in 10yr yields--barely worth mentioning in the bigger picture, and only mentioned here to reinforce the market's willingness to react to trade-related headlines and because US/China talks will be continuing on Tuesday. Market Movement Recap 09:53 AM Sideways overnight and inching into positive territory after 9:30am NYSE open.  MBS up 3 ticks (.09) and 10yr down 1.3bps

June 9, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Gentle Rally Gently Reverses After Trade Headlines Gentle Rally Gently Reverses After Trade Headlines First thing's first: bonds closed in stronger territory and retained most of the gains that were present in the AM hours.  But they would have done just... (read more) Mortgage Rate Watch Mortgage Rates a Hair Lower to Start The Week As hoped, Friday's big rate spike did not carry additional momentum into the new week.  This is occasionally a risk when rates are responding to big surprise in the jobs report, but slightly less of a risk when the other economic data had been w... (read more) Rob Chrisman Fee Cure, Short-Term Rental Appraisal, Servicing, Move-Up Products; Freddie and Fannie News For the next several days I am in Florida, in mortgage meetings and the MBAF, and in Saturday’s Commentary I noted the intense flurry of conference activity this week and last (“the MBA’s Chairman’s Conference, New Jersey MBA, the MBA Florida, EPM TA... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.85% -0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.85% -0.04 0.00 15 Yr. Fixed 6.14% -0.06 0.00 30 Yr. FHA 6.39% -0.04 0.00 30 Yr. Jumbo 6.85% -0.17 0.00 7/6 SOFR ARM 6.37% -0.04 0.00 30 Yr. VA 6.40% -0.04 0.00 Updates Daily - Last Update: 6/12 15 Yr. Fixed Rate 6.14% -0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.84% -0.01 0.00 15 Yr. Fixed 5.97% -0.02 0.00 Updates Weekly - Last Update: 6/12 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% +0.01 0.64 15 Yr. Fixed 6.16% -0.09 0.66 30 Yr. Jumbo 6.93% +0.01 0.63 Updates Weekly - Last Update: 6/11 MBS / Treasuries UMBS 30YR 5.5 99.35 +0.06 Price / Yield Change MBS UMBS 5.5 99.35 +0.06 UMBS 6.0 101.20 +0.05 GNMA 5.5 99.68 +0.06 GNMA 6.0 101.18 +0.04 Pricing as of: 6/13 12:37AM EST 10 Year US Treasury 4.3430 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.895 -0.015 5 YR Treasury 3.946 -0.023 7 YR Treasury 4.129 -0.023 10 YR Treasury 4.341 -0.023 30 YR Treasury 4.828 -0.018 Pricing as of: 6/13 12:37AM EST Latest Video NY Fed Survey: Inflation expectations decline across all timeframes Final April wholesale inventories comes in up 0.2% Former Fed Vice Chair Richard Clarida: The Fed is looking at inflation and ... U.S. payrolls increased 139,000 in May, more than expected; unemployment at... Around the Web Calculated Risk Blog Part 1: Current State of the Housing Market; Overview for mid-June 2025 CNBC Watch out for this No. 1 red flag when buying your home: I've seen people miss this 'again and again,' says real estate agent Calculated Risk Blog Housing June 9th Weekly Update: Inventory up 0.6% Week-over-week, Up 32.2% Year-over-year CNBC Trump presses Powell for a full-point interest rate cut despite strong jobs report Eye on Housing AIs Role in Reshaping Employment: From Theory to Home Building Sector Impacts CNBC CEO recession expectations decline from April scare, survey says Calculated Risk Blog 1st Look at Local Housing Markets in May CNBC China and U.S. trade officials to hold talks in London CNBC U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2% CNBC Treasury yields inch lower ahead of U.S.-China trade talks in London Calculated Risk Blog Q2 GDP Tracking: Moving Up Calculated Risk Blog Comments on May Employment Report Calculated Risk Blog Wholesale Used Car Prices Decreased in May; Up 4% Year-over-year

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