Uneventful Drift Ahead of Friday's Monthly PCE Data For the 3rd day in a row, the bond market logged a rather uneventful trading session ending with minimal change versus the previous trading day.  All this despite the presence of several economic reports and Treasury auctions. If there was any reaction to this morning's data, it was slightly bond-friendly, but not enough to say it was anything other than random. The 7yr auction was a non-event, and stocks failed to offer any of the recent sort of spillover that has frequently made its way into the bond market. From here, the week's last big chance/risk of volatility is Friday morning's monthly PCE data. Econ Data / Events Jobless Claims 224k vs 225k f'cast, 225k prev Continued Claims 1856k vs 1890k f'cast, 1881k prev GDP Revision (Q4) 2.4 vs 2.3 prev Market Movement Recap 09:06 AM Weaker overnight but improving after data.  MBS up 1 tick (.03) and 10yr up half a bp at 4.358. 01:04 PM No major reaction to 7yr auction.  MBS down 1 tick (.03) and 10yr up 1.6bps at 4.368 03:21 PM Sideways still.  MBS down 1 tick (0.03) and 10yr up 2.1bps at 4.374

March 27, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary Uneventful Drift Ahead of Friday's Monthly PCE Data Uneventful Drift Ahead of Friday's Monthly PCE Data For the 3rd day in a row, the bond market logged a rather uneventful trading session ending with minimal change versus the previous trading day.  All t... (read more) Mortgage Rate Watch Mortgage Rates Steady to Slightly Higher With the exception of Monday, which saw a medium-sized uptick in mortgage rates, the rest of the week has been fairly calm in terms of volatility. Unfortunately, the low-volatility movement has been exclusively higher in rate and it's starting to add... (read more) Rob Chrisman POS, Pricing, Video Compliance Tools; FHA Shift on Residency Requirements; CFPB and Townstone Settlement Here in San Diego at the MCT Exchange 2025, with nearly 500 registrants, the agenda’s keynote speaker and one of the panels was composed of Fannie and Freddie employees. Well, policy changes have caused representatives of F&F to cancel conference... (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 5.5 100.38 +0.35 UMBS 6.0 102.03 +0.40 GNMA 5.5 101.07 +0.21 GNMA 6.0 101.82 +0.18 Pricing as of: 4/3 4:03AM EST 10 Year US Treasury 4.0611 -0.0625 Price / Yield Change US Treasury 2 YR Treasury 3.778 -0.076 5 YR Treasury 3.794 -0.064 7 YR Treasury 3.907 -0.101 10 YR Treasury 4.050 -0.074 30 YR Treasury 4.452 -0.045 Pricing as of: 4/3 4:03AM EST Latest Video Jobless claims total 224,000, close to forecast February pending home sales up slightly from estimates Consumer spending will deteriorate due to tariffs: Wells Fargo's Jay Bryson President Trump to announce new auto tariffs: White House Around the Web CNBC Student loan borrowers can once again apply for income-driven repayment plansthese 3 options are available Calculated Risk Blog Inflation Adjusted House Prices 0.8% Below 2022 Peak; Price-to-rent index is 7.4% below 2022 peak NAR Pending Home Sales Advanced 2.0% in February CNBC Treasury yields are higher as investors weigh new auto tariffs Forex Live US Q4 final GDP +2.4% vs +2.3% expected Calculated Risk Blog Final Look at Local Housing Markets in February and a Look Ahead to March Sales Forex Live US initial jobless claims 224K vs 225K estimate Calculated Risk Blog Update: Lumber Prices Up 15% YoY CNBC Mortgage demand from homebuyers is strongest in nearly two months, but that's not saying a lot CNBC Trump could sign new auto tariffs as soon as Wednesday, White House says Eye on Housing Property Tax Revenue Outpaces Other Sources in 2024 CNBC U.S. Treasury yields tick higher as recession fears grow Wells Fargo Upside Surprise in Durables Looks More Rebound than Recovery

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