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: Mortgage Rate Watch Mortgage Rates Very Close to Multi-Month Lows 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 mort... (read more) MBS Commentary No Whammies in The Data, But Stocks Aren't Helping 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 ... (read more) Rob Chrisman Secondary, Appraisal, Audit Products; Freddie Employee News; Western Alliance Data Breach; Thoughts on IMB Share “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 crosse... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.04 0.00 15 Yr. Fixed 6.14% +0.02 0.00 30 Yr. FHA 6.15% +0.04 0.00 30 Yr. Jumbo 6.88% +0.01 0.00 7/6 SOFR ARM 6.30% +0.05 0.00 30 Yr. VA 6.17% +0.05 0.00 Updates Daily - Last Update: 4/2 15 Yr. Fixed Rate 6.14% +0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.65% -0.02 0.00 15 Yr. Fixed 5.89% +0.06 0.00 Updates Weekly - Last Update: 3/27 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% -0.02 0.66 15 Yr. Fixed 6.31% -0.04 0.70 30 Yr. Jumbo 7.03% +0.07 0.53 Updates Weekly - Last Update: 2/19 MBS / Treasuries UMBS 30YR 5.5 100.29 +0.26 Price / Yield Change MBS UMBS 5.5 100.37 +0.34 UMBS 6.0 102.02 +0.39 GNMA 5.5 101.06 +0.20 GNMA 6.0 101.81 +0.17 Pricing as of: 4/3 4:06AM EST 10 Year US Treasury 4.0611 -0.0625 Price / Yield Change US Treasury 2 YR Treasury 3.782 -0.072 5 YR Treasury 3.798 -0.061 7 YR Treasury 3.907 -0.101 10 YR Treasury 4.050 -0.073 30 YR Treasury 4.452 -0.045 Pricing as of: 4/3 4:06AM EST 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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