Today the bond markets relax following the release of large amounts of corporate data. Bonds were at their highest levels of the day following the corporate bond issuance, as well as the ISM Manufacturing data, which was longer than expected. By 10:15 am, 10 year yields were at their highest levels, and 7bps more than last weeks close. 10 year yields and mortgage backed securities both came back to "unchanged" levels by the end of the trading day. Lenders had been conservative in their pricing strategies ahead of New Years, and by the end of the day, most were executing positive reprices and offering even lower rates. This week brings some significant market data, so be sure to check back as the week unfolds for the latest updates in mortgage rates and news.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 4.18% (-0.03%).
• 15 year (FRM) rates at 3.37% (-0.03%).
• FHA 30 year Fixed rates at 3.75% (+0.00%).
• Jumbo 30 year Fixed rates at 4.19% (-0.04%).
• 5/1 ARM rates at 3.01% (-0.04%).
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