If you like your mortgage rate movement boring and minimal, this week's for you (and last week, and the week before that).  Going all the way back to January 17th, the average lender hasn't changed their top tier 30yr fixed rate quote by more than 0.05%, and has been operating in an overall range of 0.07%. To get an idea of how narrow that is, a typical highly volatile day involves rates moving by more than .12%.  In stark contrast, the average rate hasn't changed by even 0.01% since last Thursday. This stability isn't for lack of apparent inspiration for volatility. Clearly, there are plenty of political developments in the first month of any new presidential administration. Those developments have indeed translated to small scale, in-range volatility in the markets that determine interest rates, but they've largely canceled each other out, or been canceled out by other events.  Despite the calm, we wouldn't advocate a complacent attitude looking forward. Rates can still be impacted by economic data and the next 6 business days bring the heaviest hitting reports of the month (chiefly Friday's jobs report and next Wednesday's Consumer Price Index).

February 4, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Score Another Victory Against Excitement If you like your mortgage rate movement boring and minimal, this week's for you (and last week, and the week before that).  Going all the way back to January 17th, the average lender hasn't changed their top tier 30yr fixed rate quote by more th... (read more) MBS Commentary Recovering Overnight Losses With Help From JOLTS and in Spite of Oil Price Bounce Bonds initially drifted into slightly weaker territory in the overnight session, but began bouncing back just after 9am ET.  All this in spite of a quick spike in oil prices on an announcement from Trump regarding "maximum pressure" on Iran (int... (read more) Rob Chrisman POS, Texas Servicing, FHA DPA Tools; VA Returns to the Office; Reactions to Tariffs; CFPB Path Forward How’s your ability to predict the weather? Apparently not good if you’re a groundhog. It is not hard to predict how you’ll hear from the IRS, if you do: The IRS always communicates through the mail, never by email or text. (There’s a scam tip you can... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.05% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.05% 0.00 0.00 15 Yr. Fixed 6.45% 0.00 0.00 30 Yr. FHA 6.46% +0.01 0.00 30 Yr. Jumbo 7.34% +0.01 0.00 7/6 SOFR ARM 6.86% -0.01 0.00 30 Yr. VA 6.48% +0.02 0.00 Updates Daily - Last Update: 2/4 15 Yr. Fixed Rate 6.45% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.95% -0.01 0.00 15 Yr. Fixed 6.12% -0.04 0.00 Updates Weekly - Last Update: 1/30 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.02% -0.07 0.62 15 Yr. Fixed 6.45% +0.02 0.64 30 Yr. Jumbo 6.98% -0.07 0.50 Updates Weekly - Last Update: 1/22 MBS / Treasuries UMBS 30YR 5.5 98.86 -0.04 Price / Yield Change MBS UMBS 5.5 98.86 -0.04 UMBS 6.0 100.77 -0.05 GNMA 5.5 99.27 -0.14 GNMA 6.0 100.84 -0.04 Pricing as of: 2/4 10:56PM EST 10 Year US Treasury 4.5182 +0.0122 Price / Yield Change US Treasury 2 YR Treasury 4.221 +0.014 5 YR Treasury 4.322 +0.007 7 YR Treasury 4.422 +0.001 10 YR Treasury 4.518 +0.012 30 YR Treasury 4.752 +0.005 Pricing as of: 2/4 10:56PM EST Latest Video Tariffs will have an inflationary impact that'll be dampening to growth, sa... Homebuilder association asks Trump to exempt building materials from tariff... Job openings and labor turnover 7.6M vs. 8.0M estimated China retaliates with additional tariffs of up to 15% on select U.S. import... Around the Web Investing.com US JOLTs Job Openings Dips, Misses Forecast and Previous Numbers Calculated Risk Blog Fannie and Freddie: Single Family Serious Delinquency Rates Increased in December Marketwatch Fed interest-rate cuts might not come anytime soon, two top officials say CNBC Renter affordability has improved here's what's behind the trend CNBC 10-year Treasury yield rises as Trump pauses tariff plans Eye on Housing Construction Labor Market Softens CNBC Renter affordability has improved here's what's behind the trend CNBC Trump tariffs on Mexico to be paused one month, Sheinbaum says, as she announces troop border deployment Calculated Risk Blog Fed January SLOOS Survey: Banks reported Weaker Demand for Residential Real Estate Calculated Risk Blog ICE Mortgage Monitor: Lowest calendar year home price growth of any year since 2011 Eye on Housing Student Housing Construction Investment Decreases in the Last Quarter of 2024 Forex Live US January ISM manufacturing 50.9 vs 49.8 prior Calculated Risk Blog Heavy Truck Sales Increased 5% YoY in January

© 2025  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.