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: 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 Jun 9, 2025 Mortgage Rates a Hair Lower to Start The Week Mon, Jun 9, 2025 3:38PM 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 weaker.  All that having been said, it's not as if we're seeing a triumphant return to last week's lowest levels.  Rather, it's more of a solid show of support at Friday's higher levels with a very modest bounce.  In terms of our 30yr fixed rate index, the improvement is 0.02%.  There were no significant economic reports or new... (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 Gentle Rally Gently Reverses After Trade Headlines Mon, Jun 9, 2025 3:56PM 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 ... (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 10:37AM 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 10:37AM EST Other News Fee Cure, Short-Term Rental Appraisal, Servicing, Move-Up Products; Freddie and Fannie News Mon, Jun 9, 2025 11:52AM 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 TAG, MISMO Spring Summit, The Gathering…). One continuing theme, to varying degrees, is conjecture about Freddie... (read more) 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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