Generally Exciting, But Specifically Boring Heading into the present week, it was incredibly unlikely that we'd see any exciting volatility in the bond market this week.  At the very least, we knew that it was really only Friday's PCE data that carried any notable volatility potential. With 4 days down, the "boring" narrative has prevailed.  Like every other day this week, Thursday saw mild movement and low volatility with very little connection between events and market movement. But as it happens, the mild movements have all been in the same direction this week, and they're starting to add up. To wit: 10yr yields just hit their lowest 3pm CME close since August 4th and the 2nd lowest since April. MBS are doing even better and mortgage rates reflect that.  Econ Data / Events Jobless Claims  229.0K vs 230K f'cast, 235K prev Continued Claims  1954.0K vs 1970K f'cast, 1972K prev Core PCE Prices QoQ FinalQ2 2.5% vs 2.6% f'cast, 3.5% prev Corporate profitsQ2 2.0% vs -3.3% prev GDPQ2 3.3% vs 3.1% f'cast, -0.5% prev GDP deflatorQ2 2.% vs 2% f'cast, 3.8% prev GDP Final SalesQ2 6.8% vs 6.3% f'cast, -3.1% prev Market Movement Recap 09:29 AM Flat overnight and little changed since data.  MBS down 1 tick (.03) and 10yr up less than half a bp at 4.24 12:32 PM Best levels of the day heading into 7yr auction. 10yr down 2.2bps at 4.213.  MBS up 1 tick (.03). 03:37 PM Mostly flat in PM hours.  MBS still up 1 tick (.03) and 10yr down 2.2bps at 4.213

August 28, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Generally Exciting, But Specifically Boring Generally Exciting, But Specifically Boring Heading into the present week, it was incredibly unlikely that we'd see any exciting volatility in the bond market this week.  At the very least, we knew that ... (read more) Mortgage Rate Watch 30yr Fixed Rates Officially Back to 6.50% There is no singular, official primary source for mortgage rate levels. The going rate is whatever can be locked/closed at any given lender. As such, we rely on surveys and data aggregations in order to routinely monitor the probable going rate. ... (read more) Rob Chrisman Tools for Lenders and Brokers; Homebuyer Survey Interview; Government Programs; CFPB Rulemaking “Remember how when you were little you could just rip off your diaper and run around naked and everyone thought it was so cute and funny? Anyway, I need bail money.” Money makes the world go ‘round. Fed President Lisa Cook was fired earlier this week... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.50% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.50% 0.00 0.00 15 Yr. Fixed 5.86% 0.00 0.00 30 Yr. FHA 6.06% 0.00 0.00 30 Yr. Jumbo 6.45% 0.00 0.00 7/6 SOFR ARM 5.90% 0.00 0.00 30 Yr. VA 6.08% 0.00 0.00 Updates Daily - Last Update: 8/29 15 Yr. Fixed Rate 5.86% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.56% -0.02 0.00 15 Yr. Fixed 5.69% 0.00 0.00 Updates Weekly - Last Update: 8/28 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.69% +0.01 0.60 15 Yr. Fixed 6.03% +0.07 0.77 30 Yr. Jumbo 6.67% +0.03 0.44 Updates Weekly - Last Update: 8/27 MBS / Treasuries UMBS 30YR 5.5 100.57 -0.02 Price / Yield Change MBS UMBS 5.5 100.57 -0.02 UMBS 6.0 102.16 +0.01 GNMA 5.5 100.74 -0.01 GNMA 6.0 102.01 +0.04 Pricing as of: 8/31 1:02AM EST 10 Year US Treasury 4.2294 +0.0241 Price / Yield Change US Treasury 2 YR Treasury 3.617 -0.012 5 YR Treasury 3.696 +0.008 7 YR Treasury 3.934 +0.016 10 YR Treasury 4.229 +0.024 30 YR Treasury 4.927 +0.052 Pricing as of: 8/31 1:02AM EST Latest Video Mortgage fraud risk is on the rise, but lenders catch it more often due to ... Jobless claims hold steady as layoffs stay in check July pending home sales -0.4% monthly vs. +0.3% estimated The E.U. is set to remove tariffs on U.S. industrial goods Around the Web Marketwatch What economists are watching for in tomorrow's PCE inflation and spending data CNBC Pending home sales tick lower in July as canceled contracts spike FXStreet US: Initial Jobless Claims dropped to 229K last week CNBC U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought Calculated Risk Blog Inflation Adjusted House Prices 2.5% Below 2022 Peak; Price-to-rent index is 9.8% below 2022 peak CNBC Treasury yields hold steady as investors look ahead to key inflation gauge Calculated Risk Blog Final Look at Local Housing Markets in July and a Comment on July Sales from Tom Lawler Richmond Fed Tariff Cost Pass-through Among Fifth District Firms Eye on Housing Wood-Framed Home Share Increased in 2024 Calculated Risk Blog MBA: Mortgage Applications Decrease in Latest Weekly Survey Eye on Housing Most Home Builders are Small Businesses CNBC An indicator of commercial real estate transaction volume just improved for the first time this year CNBC Treasury yields little changed as investors look ahead to key inflation data

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