Bonds Reprise Familiar Role as a Safe Haven Amid Renewed Rout in Stocks You've seen it plenty of times so far in 2025. You've wondered what the heck happened to it during last week's volatile tariff announcement aftermath. Now today, more than any other day this week, a good, old-fashioned flight to safety helped the bond market realize some decent gains. Powell's speech at 1:30pm ET was the clear catalyst, with warnings for the economy and reassurances for the bond market's smooth functioning. At this point, bonds are right back in line with the flat, narrow range seen between late February and late March.  Econ Data / Events Retail Sales  1.4 vs 1.3 f'cast, 0.2 prev Retail Sales Control Group 0.4 vs 0.6 f'cast, 1.3 prev Market Movement Recap 08:42 AM sideways to slightly stronger overnight.  Minimal reaction to data.  MBS up 1 tick (.03) and 10yr down 0.4 bps at 4.33 10:47 AM 5.5 UMBS are now down 1 tick (0.03) on the day and 10yr yields up 1.2bps at 4.348 01:51 PM Some volatility surrounding Powell, but holding gains, mostly.  MBS up an eighth on the day and 10yr down 2.8bps at 4.308 02:40 PM Stronger during and after Powell.  MBS up 7 ticks (.22) and 10yr down 5.8bps at 4.278

April 16, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Bonds Reprise Familiar Role as a Safe Haven Amid Renewed Rout in Stocks Bonds Reprise Familiar Role as a Safe Haven Amid Renewed Rout in Stocks You've seen it plenty of times so far in 2025. You've wondered what the heck happened to it during last week's volatile tariff announcem... (read more) Mortgage Rate Watch Mortgage Rates Extend Winning Streak as Familiar Pattern Returns As markets digested implications of several fiscal policy changes over the past 2 months, a predictable trading pattern emerged. Stocks and interest rates moved lower together. This isn't always the way things work, but it is typical during moments w... (read more) Rob Chrisman LOS, Servicing, HELOAN, Trading, Warehouse Tools; Lender Sale; Wholesale and Correspondent News “Every morning, I get hit by the same bicycle… It's a vicious cycle.” Double meanings aside, seasons and the earth’s rotation are cyclical, and Anchorage is picking up nearly six minutes of sun a day. Did you know that the University of Alaska spans ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.87% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.87% +0.01 0.00 15 Yr. Fixed 6.28% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 7.03% 0.00 0.00 7/6 SOFR ARM 6.40% -0.02 0.00 30 Yr. VA 6.38% +0.01 0.00 Updates Daily - Last Update: 4/17 15 Yr. Fixed Rate 6.28% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.83% +0.21 0.00 15 Yr. Fixed 6.03% +0.21 0.00 Updates Weekly - Last Update: 4/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.81% +0.20 0.62 15 Yr. Fixed 6.11% +0.18 0.62 30 Yr. Jumbo 6.84% +0.19 0.30 Updates Weekly - Last Update: 4/16 MBS / Treasuries UMBS 30YR 5.5 99.02 -0.21 Price / Yield Change MBS UMBS 5.5 99.02 -0.21 UMBS 6.0 100.92 -0.17 GNMA 5.5 99.19 -0.11 GNMA 6.0 100.77 0.00 Pricing as of: 4/20 11:43AM EST 10 Year US Treasury 4.3259 +0.0481 Price / Yield Change US Treasury 2 YR Treasury 3.800 +0.026 5 YR Treasury 3.939 +0.038 7 YR Treasury 4.122 +0.044 10 YR Treasury 4.326 +0.048 30 YR Treasury 4.800 +0.070 Pricing as of: 4/20 11:43AM EST Latest Video Fed Chair Powell: Tariffs' inflationary effects could be more persistent China Beige Book CEO: U.S. needs to articulate what they want from China March industrial production -0.3% vs. -0.1% estimated February business inventories +0.2% vs. +0.3% estimated Around the Web CNBC Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth Investing.com China open to trade talks if U.S. shows respect - Bloomberg News CNBC Homebuyers rush to riskier loans, as tariff turmoil pushes interest rates higher Eye on Housing Builder Confidence Levels Indicate Slow Start for Spring Housing Season CNBC Retail sales increased 1.4% in March, greater than expected Marketwatch What the recent rise in real Treasury bond yields signals amid tariff worries CNBC Treasury yields climb as investors continue to move away from government debt Calculated Risk Blog 3rd Look at Local Housing Markets in March CNBC Fed Governor Waller sees tariff inflation as 'transitory' in 'Tush Push' comparison Eye on Housing Permits Pullback in February 2025 CNBC Treasury yields dip as investors await retail sales data FXStreet Empire State Manufacturing Contracts Less Than Forecast but Outlook Deteriorates Fannie Mae Expert Panel Expects Home Price Growth to Moderate

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