Yields Pushing Range Boundaries After Tariff Updates and Econ Data Bonds lost ground over the weekend as news of tariff exclusions fueled a stock rally.  A modest recovery was underway when the S&P Services PMI came out stronger.  From that point on, bonds were on the back foot, ultimately hitting their weakest levels in the afternoon.  Incidentally, this brings 10yr yields right in line with the ceiling of the recent range. Today's video discusses the implications of a potential range breakout, which can mean different things for different people.  Econ Data / Events S&P Services PMI 54.3 vs  50.8 f'cast, 51.0 prev Market Movement Recap 09:32 AM Moderately weaker over the weekend, but recovering somewhat now.  MBS down an eighth and 10yr up 3.5bps at 4.289 09:56 AM Some additional weakness after PMI data.  MBS down nearly a quarter point and 10yr up 6bps at 4.316 02:20 PM 10yr yields are up nearly 8bps at 4.333 and MBS are down nearly 3/8ths after hawkish comments from Fed's Bostic (but not obviously because of Bostic, necessarily). 03:48 PM Little changed from previous update and flat since then.  MBS down 11 ticks (.34) and 10yr up 7.9bps at 4.334

March 24, 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 24, 2025 Mortgage Rates Slightly Higher to Start New Week Mon, Mar 24, 2025 3:41PM The average mortgage lender raised rates modestly on Monday morning--a logical move considering the weakness in the bond market over the weekend.  Rates are based directly on bonds. Bond "weakness" means investors are paying less for bonds which, in turn, means that yields (aka "rates") are effectively higher.  Investor demand for bonds has waxed and waned in a narrow range recently. It has also had a tighter than normal relationship with the stock market. Specifically, the ebbs and flows in economic fears have caused investors to move out of stocks and into bonds, or vice versa. To... (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 Yields Pushing Range Boundaries After Tariff Updates and Econ Data Mon, Mar 24, 2025 3:59PM Yields Pushing Range Boundaries After Tariff Updates and Econ Data Bonds lost ground over the weekend as news of tariff exclusions fueled a stock rally.  A modest recovery was underway when the S&P Services PMI came out stronger.  From that point on, bonds were on the back foot, ultimately hitting their... (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 7:11AM 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 7:11AM EST Other News VA Joint Loans, Non-QM, HELOC, Private Label Products: Top 50 Lenders in 2024; Deep Dive on Rates Mon, Mar 24, 2025 11:58AM “A government survey has shown that 91 percent of illegal immigrants come to this country so that they can see their own doctor.” On a more serious note, a Clever survey of real estate agents found that average commission rates have fallen 0.17 percent since 2023, to 5.32 percent, which is the lowest average in the past five years. Although commission rates ... (read more) Latest Video Recession isn't the base case, but the likelihood has increased, says JPMor... Horne: Builders are absorbing the gross margin impact of buy downs Impact of tariffs on housing costs: Here's what to know Chicago Fed President Goolsbee: One-time tariffs without retaliation more l... Around the Web Eye on Housing Lower Mortgage Rates, Better Affordability FXStreet Composite PMI Rises To 53.5 Reuters Morning Bid: Tariff exclusion hopes prop up markets Calculated Risk Blog Housing March 24th Weekly Update: Inventory up 1.9% Week-over-week, Up 30.3% Year-over-year CNBC Treasury yields rise as investors await PMI data Calculated Risk Blog Policy and 2025 Housing Outlook Calculated Risk Blog Realtor.com Reports Active Inventory Up 28.5% YoY CNBC Chicago Fed President Goolsbee sees rate cuts depending on inflation progress Calculated Risk Blog Intercontinental Exchange: Mortgage Delinquency Rate Increased in February Calculated Risk Blog Q1 GDP Tracking: Wide Range Eye on Housing Volume of Residential Construction Loans Falls in Q4 2024 CNBC Treasury yields inch lower amid ongoing uncertainty over the U.S. economic outlook CNBC European markets set to end the week on a downbeat note amid global economic uncertainty

© 2026  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.