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Mortgage Rates Improve Following Weak Retail Sales Data
Friday saw a continuation of the positive trend in mortgage markets, with rates improving from the close of last week. The market opened with encouraging signs, and while volatility was present throughout the day, rates ultimately posted solid gains. Market Movements: Morning: MBS (Mortgage-Backed Securities) saw significant gains, initially up +19 basis points (bps) after…
Read MoreFriday Mortgage Rate Update: Unchanged Amidst Market Turbulence
The bond and stock markets experienced a period of volatility this week, yet mortgage rates remained unchanged from their closing levels last Friday. Market Overview: Morning: The market opened with Mortgage-Backed Securities (MBS) trading down 16 basis points (bps) following the release of employment data. Job gains were in line with expectations, but wage growth…
Read MoreFriday Mortgage Rate Update: Slight Dip Amidst Mixed Economic Data
Friday’s mortgage rates experienced a slight decline, ending the week with a modest improvement. This comes amidst mixed economic data and ongoing uncertainty surrounding the Federal Reserve’s future monetary policy decisions. Market Movements: Morning: Mortgage-backed securities (MBS) initially declined, but quickly rebounded. Afternoon: MBS prices experienced further declines, potentially leading to unfavorable repricing for borrowers.…
Read MoreFriday Mortgage Rate Update: Rates Steady Amidst Mixed Economic Signals
Mortgage rates remained relatively stable this week despite the release of several key economic data points. The market opened with a slight increase in mortgage-backed securities (MBS) and continued to fluctuate throughout the day. Market Movements: Morning: MBS prices rose significantly, indicating a potential drop in rates. Midday: Prices experienced a sharp decline, pushing rates…
Read MoreMortgage Rates Improve Friday Despite Strong Economic Data
Mortgage rates saw some improvement today, following continued positive economic data. The market opened with a strong upward trend, but volatility ensued throughout the day. Market Movements: Morning: MBS prices initially rose significantly, indicating a potential drop in rates. This was driven by positive economic data, including stronger-than-expected Housing Starts. Midday: The market experienced increased…
Read MoreMortgage Rates Climb Higher Following Strong Job Market Data
Friday’s mortgage rates have seen a sharp increase, driven by stronger-than-expected job growth data. This morning, the market opened with a significant decline in mortgage-backed securities (MBS), indicating rising interest rates. Key Market Movements: Early Morning: MBS prices dropped by 38 basis points (bps) after the release of the jobs report. Mid-Morning: The decline deepened…
Read MoreFriday Mortgage Rate Update: Slight Dip Amidst Mixed Economic Data
Mortgage rates experienced a slight dip today, ending the week with a modest decline. The market opened with a positive note, but sentiment shifted throughout the day as investors digested mixed economic data. Market Movement: Morning: Mortgage-backed securities (MBS) initially saw a significant increase, reflecting positive market sentiment. Midday: The momentum reversed, with MBS prices…
Read MoreFriday Mortgage Rate Update: Mortgage Rates Rise Despite Holiday Week
Mortgage rates saw an upward trend today, continuing the rise observed since last Friday. This comes despite a generally quiet holiday week with limited economic data releases. Market Overview: Morning: The market opened with Mortgage-Backed Securities (MBS) prices down 3 basis points (bps). Mid-Day: MBS prices remained largely unchanged, hovering around the morning levels. Afternoon:…
Read MoreFriday Mortgage Rate Update: Mortgage Rates Improve Following Weaker-Than-Expected Inflation Data
After two days of volatile market reactions to the Federal Reserve meeting on Wednesday, Mortgage rates and the Bond Markets continued to show improvement. The market opened today with the following data: 8:35 AM: MBS are up +16bp after Core PCE inflation came in lower than expected. 8:49 AM: MBS have continued to climb and…
Read MoreFriday Mortgage Rate Update: Mortgage Rates Climb on Strong Economic Data
Mortgage rates continued their upward trajectory today as positive economic data fueled investor optimism and pushed bond yields higher. The market opened with a modest increase in mortgage-backed securities (MBS), but quickly reversed course as stronger-than-expected import price data weighed on sentiment. Market Movements: Early Trading: MBS prices initially rose by 3 basis points (bps).…
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