It was actually a rather uneventful day for the bond market. That means it should have been an uneventful day for mortgage rates (because they're driven by changes in the bond market). To be fair, it was far from an exciting day, but the average mortgage lender was nonetheless able to inch closer to potentially exciting milestone. Rates have generally been flat at levels that are just a bit higher compared to the longer-term low seen in early March.  Before that, you'd have to go back to mid-October to see anything lower.  Today's mortgage rates ended up 0.05% lower than yesterday's, despite the bond market indicating no change.  The discrepancy comes down to timing. Yesterday saw a nice improvement in bonds late in the day.  Not every mortgage lender went to the trouble to improve their rates. Now today, bonds are falling back to the same levels, but they were in better shape this morning when most lenders decided their rates for the day.  The average lender has, once again, not gone to the trouble to raise their rates in response to the bond market movement.   If you're wondering if there's a tacit implication about tomorrow's rates being a bit higher if nothing changes between now and then, you're exactly right.  That would be the mathematical conclusion anyway. As for this afternoon, the average lender is only 0.01% above the "lowest since October" rates seen on the morning of March 4th.

March 20, 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 Mar 20, 2025 Mortgage Rates Very Close to Multi-Month Lows Thu, Mar 20, 2025 4:32PM It was actually a rather uneventful day for the bond market. That means it should have been an uneventful day for mortgage rates (because they're driven by changes in the bond market). To be fair, it was far from an exciting day, but the average mortgage lender was nonetheless able to inch closer to potentially exciting milestone. Rates have generally been flat at levels that are just a bit higher compared to the longer-term low seen in early March.  Before that, you'd have to go back to mid-October to see anything lower.  Today's mortgage rates ended up 0.05% lower than yesterday's... (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 No Whammies in The Data, But Stocks Aren't Helping Thu, Mar 20, 2025 11:07AM The eternal disclaimer: we should never flat-out expect a particular correlation between stocks and bonds, with limited exceptions. Yesterday's Fed announcement was an exception, because we often see stocks and bonds improve together when the market perceives a friendlier Fed.  That correlation (stock prices moving higher and bond yields moving lower) i... (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: 2/6 11:49PM 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: 2/6 11:49PM EST Other News Secondary, Appraisal, Audit Products; Freddie Employee News; Western Alliance Data Breach; Thoughts on IMB Share Thu, Mar 20, 2025 11:43AM “My wife just left me. She says life revolves around baseball and she's sick of it. I'm quite upset. We were together for 7 seasons.” Say hello to the spring equinox, that astronomical spring in the Northern Hemisphere that occurs when the sun crosses directly over the equator, resulting in nearly equal day and night lengths, and halfway between the day with... (read more) Latest Video Fed Chair Powell: Impact of tariffs could be 'transitory' Leading economic indicators for February down 0.3% Initial jobless claims up slightly as layoffs remain low Former Cleveland Fed President Loretta Mester: Tariffs could disrupt inflat... Around the Web CNBC U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll Marketwatch Some home buyers are hoping for a recession to bring down housing prices. Are they right? CNBC February home resales jump much more than expected, despite higher mortgage rates Calculated Risk Blog Realtor.com Reports Active Inventory Up 28.5% YoY CNBC Fed holds interest rates steady, still sees additional cuts coming Marketwatch U.S. jobless claims still show few private-sector layoffs, but more ex-federal workers get benefits CNBC Treasury yields dip as investors weigh the state of the U.S. economy CNBC Weekly mortgage demand pulls back, as interest rates rise for the first time in 9 weeks Calculated Risk Blog California Home Sales Up 2.6% YoY in February; 4th Look at Local Housing Markets CNBC February home resales jump much more than expected, despite higher mortgage rates CNBC Bank of England holds interest rates, warns global trade uncertainty has intensified Eye on Housing U.S. Sawmill Production Capacity Constant in 2024 CNBC Trump to meet oil executives to discuss energy agenda as tariffs weigh on prices

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