Monthly Archives: June 2026

Jun 26, 2026 4:29 PM

We’ve had our fair share of big news events causing big reactions in markets over the past few months, but this week offered a welcome reminder that not every improvement in mortgage rates requires a dramatic headline. After moving back toward recent highs early in the week, rates recovered sharply on Wednesday and then managed to hold those gains through Friday, ending at the lowest levels since mid-May.

Some of the improvement was helped by lower oil prices and tame inflation data, but the biggest motivation came from quarter-end trading. Large institutional investors periodically adjust the balance between stocks and bonds in their portfolios. Because stocks have significantly outperformed bonds in recent months, many investors have been buying bonds to restore those targets. Higher demand for bonds translates into lower interest rates.

Unlike recent weeks, there wasn’t a single dominant news story driving the market. Monday’s weakness lacked a convincing explanation, Tuesday was one of the quietest trading days in months, and the strongest gains arrived Wednesday as quarter-end rebalancing demand became more apparent. Thursday was the only potential exception as bonds definitely seemed to benefit from an as-expected reading on a key inflation report, but most of the early improvement faded by the afternoon before giving way to an even more sideways day on Friday.

There’s no official way to measure the timing and scale of quarter-end rebalancing. Instead it must be inferred from context. In this case, there’s little else that could explain the huge swing in bonds on Wednesday morning. There were no major headlines coming out at the time, and there was no correlated movement in oil prices or stocks (oil was moving lower that morning, but was almost done with its move before bonds started rallying).

Perhaps even more telling was the fact that Fed Funds Futures weren’t really moving at all at the time. If there had been something in the news or economic calendar fueling the bond buying, we would typically see it show up here as well.

Regardless of motivations, the results were good for mortgage rates, which spent both Thursday and Friday at their lowest level in more than a month according to MND’s daily rate index.

While that’s certainly welcome news, it comes with a familiar caveat. There are a few more days left for quarter-end trading to potentially exaggerate market movement in either direction. Still, the bulk of that volatility has likely already been seen.

From there, investor attention quickly shifts back to economic data, which arrives in force next week. Due to the Independence Day holiday, the monthly jobs report will be released next Thursday instead of Friday. It is routinely the most important economic report of the month and has the potential to determine whether this week’s improvement is extended or reversed.

Recently Released Economic Data

Time

Event

Period

Actual

Forecast

Prior

Tuesday, Jun 23

9:45

S&P Global Services PMI

51.3

50.7

Wednesday, Jun 24

10:00

0.58M

0.64M

0.622M

Thursday, Jun 25

8:30

Jun/20

Jobless Claims (k)

Jun/20

215K

225K

226K

8:30

PCE (y/y) (%)

4.1%

3.8%

8:30

Core PCE (y/y) (%)

3.4%

3.3%

8:30

Durable goods (%)

-4.5%

7.9%

Friday, Jun 26

10:00

Consumer Sentiment (ip)

49.5

44.8

Tuesday, Jun 30

9:00

1.1%

0.9%

0.8%

9:00

1.7%

9:45

Chicago PMI

56.7

58.1

62.7

10:00

USA JOLTS Job Openings (ml)

7.594M

7.30M

7.618M

10:00

CB Consumer Confidence (%)

91.2

94.7

93.1

Wednesday, Jul 01

8:15

ADP jobs (k)

113K

122K

9:00

Fed Chair Warsh Speech

10:00

ISM Manufacturing PMI

53.3

54.0

Thursday, Jul 02

8:30

Jun/27

Jobless Claims (k)

Jun/27

215K

220K

215K

8:30

Non Farm Payrolls (k)

110K

172K

8:30

Unemployment rate mm (%)

4.2%

4.3%

Event Importance:

Low

Moderate

Important

Very Important

Around the Web

Friday, June 26, 2026

Mortgage News Daily

Mortgage Applications Edge Higher Despite Elevated Rates

Mortgage News Daily

Housing Starts Not Nearly as Scary Without Weird Multifamily Nosedive

Mortgage News Daily

UMich final June consumer sentiment 49.5 vs 50.0 expected

Investing Live

Realtor.com

Thursday, June 25, 2026

Fed’s Goolsbee: Inflation is going the wrong way

Investing Live

US initial jobless claims 215K vs 225K estimate. Continuing claims 1.821M vs 1.800M est

Investing Live

US GDP final Q1 2.1% versus 1.6% estimate

Investing Live

Core inflation rate hit 3.4% in May, highest since October 2023, Feds preferred gauge shows

CNBC

Wednesday, June 24, 2026

Trump cancels signing of landmark bipartisan bill aimed at lowering housing costs

Rates matter — but execution matters more.

I call the listing agent on every offer to proactively position your buyer. I’m available 7 days a week because deals don’t happen Monday through Friday. And when needed, we can utilize our “cash-like” offer program to give your buyers a competitive edge in multiple-offer situations.

My goal is simple: make your offers stronger and your escrows smoother.

Average Mortgage Rates

Mortgage News Daily

Freddie Mac

Rate

Change

Points

30YR Fixed

6.87%

+0.06

15YR Fixed

6.38%

+0.03

30YR FHA

6.40%

+0.03

30YR Jumbo

6.92%

+0.02

7/6 SOFR

6.42%

+0.09

30YR VA

6.42%

+0.05

Rate

Change

Points

30YR Fixed

6.78%

-0.10

0.66

15YR Fixed

6.10%

-0.01

0.90

30YR FHA

6.46%

-0.13

0.82

30YR Jumbo

6.73%

-0.15

0.50

7/6 SOFR

5.98%

-0.18

0.88

Rate

Change

Points

30YR Fixed

6.66%

+0.45

0.00

15YR Fixed

5.98%

+0.51

0.00

MBS and Treasury

Price / Yield

Change

UMBS 5.5

98.91

–0.10

UMBS 6.0

101.06

–0.07

10 YR Treasury

4.777

+-0.19

30 YR Treasury

5.201

-0.05

Pricing as of:

8/31 10:55PM

Recent Housing Data

Value

Change

Mortgage Apps

245.3

-0.97%

4.06M

-0.73%

Builder Confidence

2.94%

Building Permits

1.44M

5.56%

Housing Starts

1.24M

-13.17%

259 W Channel Rd

Source: US Housing Market Weekly — Jay Bridges, Mortgage Lender, Priority Capital Corporation

Jun 18, 2026 3:03 PM

Since March 1st, the Iran war has been the primary reason for movement and volatility in the bond/rate market. Pre-war motivations were woefully muted. That changed a bit with the jobs report two weeks ago and it changed again with this week’s Fed announcement. Thankfully, the damage was quickly reversed.

Rates began the week on solid footing as prospects for the Iran peace deal continued to materialize. The market had mostly priced the peace deal into trading levels last Thursday, but reports of high level officials actually signing the deal helped yields push to their lowest levels in a month as of Tuesday.

The week’s only meaningful volatility followed Wednesday afternoon’s Fed announcement. With this being the first Fed meeting under new Chair Kevin Warsh, one could consider that the market had a bad reaction to his approach. And while that claim could be made in a roundabout way, the easier claim to prove is that the dot plot did most of the damage.

What is the dot plot?

Concurrent with the Jan/Mar/Sep/Dec meetings, the Fed also releases a summary of economic projections (SEP). Within the SEP, there is an outlook for expected Fed Funds Rate levels listed for each Fed member.  It’s expressed in tabular format as well as a dot plot. “The dots” have become a prime focus of rate watchers as a useful tool for understanding the Fed’s reaction function.

In other words, traders make educated guesses as to how the Fed’s rate expectations will evolve based on data and events. The dots confirm or modify that understanding.

In this week’s case, the market was priced for the possibility of a rate hike by the end of the year, but with plenty of room for the Fed to hold steady as well. The dot plot easily confirmed the rate hike potential and arguably suggested the market needed to be even more prepared for a hike.

The following chart shows where the dots were last cycle (in March) versus yesterday (June):

Focusing on the 2026 column, we see the median Fed member projecting zero hikes/cuts by the end of the year (3.375%) back in March compared to 3.625% this week.  Additionally, 9 of the votes were 3.875% or higher versus 10 votes for 3.625% or lower. This means nearly half the FOMC sees TWO rate hikes by December.

There was also notable upward migration of dots for 2027 and 2028. All told, this was more hawkish than the market expected and there was an immediate reaction when the dot plot was released at 2pm ET.

How did Warsh come into play?

Opinions were divided over how Warsh handled his first press conference, so we’ll avoid speculation and focus on facts. Contrary to many expectations, Warsh did not attempt to make a case for rate cuts (or rate hikes, for that matter). In fact, he avoided commenting on forward guidance entirely.

Importantly, he also didn’t attempt to push back on the hawkish message of the dot plot. In the past, when the dots painted an obviously hawkish or dovish picture, previous Fed Chair Powell tended to offer the other side of the coin in the press conference, thus mitigating Fed Day volatility and restoring a more nuanced takeaway. While Warsh did reference the dot plot as being a highly uncertain endeavor (“written in pencil, not in pen” in his words), he did nothing to suggest those pencils were in an overly hawkish stance.

Additionally, Warsh’s refusal to engage reporters on any form of forward guidance deprived the market of its ability to further refine its understanding of how the Fed may react to incoming data over the next 6 weeks. Some argued that this added uncertainty required higher risk premium in the form of weaker trading levels.

How’d it all shake out?

By Friday, much of the damage was undone in longer-term rates like 10yr Treasury yields and much of the damage remained in shorter term rates like 2yr Treasury yields. And the shortest-term rate indications, such as the implied Fed Funds Rate based on Fed Funds Futures, didn’t recover at all. The following chart shows that expected rate for the month of December. It rose .18% after the Fed announcement and now stands almost 1% higher from before the Iran war. In other words, in late Feb, the market saw the Fed cutting twice this year. Now it sees 2 hikes.

How’d mortgage rates react to all of this?

Fortunately, the average mortgage lasts long enough to behave more like 5-10yr Treasuries and less like the super-short-term rates like Fed Funds Implied Yields and short-term Treasuries.  They didn’t spike egregiously on Wednesday and managed to erase half of those losses on Thursday. In fact, in the slightly bigger picture, this week’s volatility was completely uneventful, even though rates remain broadly elevated relative to the last 10 months.

What’s next?

Iran war updates remain important. While the memo is signed, official peace has yet to be confirmed. When that happens–and especially if oil prices continue to behave–rates could see slow and steady additional benefits. Apart from that, markets will gradually transition back to paying more attention to data with a special focus on inflation related data in order to assess lingering impacts from the recent fuel price spike.

Recently Released Economic Data

Time

Event

Period

Actual

Forecast

Prior

Monday, Jun 15

8:30

NY Fed Manufacturing

5.70

19.60

9:15

Industrial Production (%)

0.1%

0.3%

0.7%

Wednesday, Jun 17

8:30

Retail Sales (%)

0.9%

0.5%

10:00

3.8%

0.8%

1.4%

14:00

Fed Interest Rate Decision

3.75%

14:30

Fed Press Conference

Thursday, Jun 18

8:30

Jun/13

Jobless Claims (k)

Jun/13

226K

225K

229K

8:30

Philly Fed Business Index

10.3

-0.4

Friday, Jun 19

0:00

Juneteenth

Event Importance:

Low

Moderate

Important

Very Important

Around the Web

Thursday, June 18, 2026

Mortgage Rates Stage Decent Recovery of Post-Fed Losses

Mortgage News Daily

Mortgage Applications Give Back Some of Last Week’s Gains

Mortgage News Daily

Builder Sentiment Remains Subdued

Mortgage News Daily

Gains for Household Real Estate Assets

Eye on Housing

Realtor.com

Wednesday, June 17, 2026

Fed holds rates steady, pares down statement to remove cutting bias

CNBC

US May advance retail sales +0.9% vs +0.5% expected

Investing Live

Tuesday, June 16, 2026

Import prices rose much more than expected in May

CNBC

Monday, June 15, 2026

Oil prices fall on proposed U.S.-Iran framework to reopen Strait of Hormuz

CNBC

Rates matter — but execution matters more.

I call the listing agent on every offer to proactively position your buyer. I’m available 7 days a week because deals don’t happen Monday through Friday. And when needed, we can utilize our “cash-like” offer program to give your buyers a competitive edge in multiple-offer situations.

My goal is simple: make your offers stronger and your escrows smoother.

Average Mortgage Rates

Mortgage News Daily

Freddie Mac

Rate

Change

Points

30YR Fixed

6.87%

+0.06

15YR Fixed

6.38%

+0.03

30YR FHA

6.40%

+0.03

30YR Jumbo

6.92%

+0.02

7/6 SOFR

6.42%

+0.09

30YR VA

6.42%

+0.05

Rate

Change

Points

30YR Fixed

6.78%

-0.10

0.66

15YR Fixed

6.10%

-0.01

0.90

30YR FHA

6.46%

-0.13

0.82

30YR Jumbo

6.73%

-0.15

0.50

7/6 SOFR

5.98%

-0.18

0.88

Rate

Change

Points

30YR Fixed

6.66%

+0.45

0.00

15YR Fixed

5.98%

+0.51

0.00

MBS and Treasury

Price / Yield

Change

UMBS 5.5

98.91

–0.10

UMBS 6.0

101.06

–0.07

10 YR Treasury

4.777

+-0.19

30 YR Treasury

5.201

-0.05

Pricing as of:

8/31 10:55PM

Recent Housing Data

Value

Change

Mortgage Apps

245.3

-0.97%

4.06M

-0.73%

Builder Confidence

2.94%

Building Permits

1.44M

5.56%

Housing Starts

1.24M

-13.17%

259 W Channel Rd

Source: US Housing Market Weekly — Jay Bridges, Mortgage Lender, Priority Capital Corporation

Jun 12, 2026 4:42 PM

Since late March, markets have had repeated opportunities to play deal or no deal when it comes to ending the Iran war. Sometimes we won. Sometimes we lost. This week’s installment was touch and go, but ultimately a winner.

A quick recap of the underlying nuts and bolts:

The Iran war caused oil prices to spike

Higher oil implies higher inflation

Higher inflation begets higher rates

There are ancillary considerations, but the bullet points above account for a majority of the volatility.

Rates began the week higher as fighting continued over the weekend in Iran, but the tone began to shift almost immediately with Israel agreeing to halt attacks in Lebanon. Bonds broke from oil prices later that day (i.e. yields/rates moved higher despite oil prices moving lower), presumably due to a rotation back into the stocks and defensiveness ahead of this week’s cycle of Treasury auctions.

The deal/no deal correlations were again in focus on Wednesday as Trump said the U.S. would be attacking Iran “very hard.” But the following day, Trump not only cancelled further attacks, but also made the most forceful/convincing announcement of a peace deal so far.

Even though markets take this game with a grain of salt, there was broad willingness to react this time. Bond yields and oil prices dropped sharply. Stocks surged. All that remained was to see whether Iran’s response would be “no deal.”

Throughout this process, it’s been common for one side to refute claims made by the other. While some news outlets released snippets that arguably tried to push back on peace deal prospects, that pushback was markedly softer than previous examples. By Friday morning, we had Iran’s foreign minister confirming that the two sides had never been closer to signing a memo that would effectively end the war and begin a more formal peace negotiation.

With that, bonds managed to end the week very close to their best levels. Because mortgage rates are based on bonds, 30yr fixed rates hit their lowest level in more than a week. The average lender is only 0.02% above the lowest level in 4 weeks seen on May 29th. The only catch is that the 4-week range consists of the highest rates of the past 10 months.

Heading into next week, we can expect more volatility for better or worse depending on what’s in the briefcase. If a peace deal is actually signed, rates would likely drop even more. If hostilities re-flare, we’ll continue flirting with long-term highs.

Wednesday brings the next Fed announcement where markets expect effectively no chance of a hike or a cut. Fed day could still cause volatility depending on comments from new Fed Chair Kevin Warsh.

Recently Released Economic Data

Time

Event

Period

Actual

Forecast

Prior

Monday, Jun 08

11:00

Consumer Inflation Expectations

3.5%

3.6%

Tuesday, Jun 09

10:00

Existing home sales (ml)

4.17M

4.07M

4.02M

Wednesday, Jun 10

8:30

y/y CORE CPI (%)

2.9%

2.8%

8:30

y/y Headline CPI (%)

4.2%

3.8%

Thursday, Jun 11

8:30

PPI y/y

6.5%

6.4%

8:30

Core PPI y/y (%)

4.9%

5.4%

5.2%

Friday, Jun 12

10:00

Consumer Sentiment (ip)

48.9

44.8

Wednesday, Jun 17

8:30

Retail Sales (%)

0.9%

0.5%

10:00

3.8%

0.8%

1.4%

14:00

Fed Interest Rate Decision

3.75%

14:30

Fed Press Conference

Thursday, Jun 18

8:30

Philly Fed Business Index

10.3

-0.4

8:30

Jun/13

Jobless Claims (k)

Jun/13

226K

225K

229K

Event Importance:

Low

Moderate

Important

Very Important

Around the Web

Friday, June 12, 2026

Modest Bounce in Refi Demand Despite Rate Volatility

Mortgage News Daily

June US prelim Mich consumer sentiment 48.9 vs 46.0 expected

Investing Live

Thursday, June 11, 2026

Trump cancels Iran strikes scheduled for Thursday evening

CNBC

Residential Building Material Prices Rise at Highest Rate In Over Three Years

Eye on Housing

Wholesale prices rose 1.1% in May, more than expected

CNBC

Wednesday, June 10, 2026

Consumer prices rose 4.2% annually in May, highest in three years

CNBC

Rates matter — but execution matters more.

I call the listing agent on every offer to proactively position your buyer. I’m available 7 days a week because deals don’t happen Monday through Friday. And when needed, we can utilize our “cash-like” offer program to give your buyers a competitive edge in multiple-offer situations.

My goal is simple: make your offers stronger and your escrows smoother.

Average Mortgage Rates

Mortgage News Daily

Freddie Mac

Rate

Change

Points

30YR Fixed

6.87%

+0.06

15YR Fixed

6.38%

+0.03

30YR FHA

6.40%

+0.03

30YR Jumbo

6.92%

+0.02

7/6 SOFR

6.42%

+0.09

30YR VA

6.42%

+0.05

Rate

Change

Points

30YR Fixed

6.78%

-0.10

0.66

15YR Fixed

6.10%

-0.01

0.90

30YR FHA

6.46%

-0.13

0.82

30YR Jumbo

6.73%

-0.15

0.50

7/6 SOFR

5.98%

-0.18

0.88

Rate

Change

Points

30YR Fixed

6.66%

+0.45

0.00

15YR Fixed

5.98%

+0.51

0.00

MBS and Treasury

Price / Yield

Change

UMBS 5.5

98.91

–0.10

UMBS 6.0

101.06

–0.07

10 YR Treasury

4.777

+-0.19

30 YR Treasury

5.201

-0.05

Pricing as of:

8/31 10:55PM

Recent Housing Data

Value

Change

Mortgage Apps

245.3

-0.97%

4.06M

-0.73%

Builder Confidence

2.94%

Building Permits

1.44M

5.56%

Housing Starts

1.24M

-13.17%

259 W Channel Rd

Source: US Housing Market Weekly — Jay Bridges, Mortgage Lender, Priority Capital Corporation

Jun 05, 2026 4:17 PM

While they’re not yet back to the recent long term highs seen on May 19th, mortgage rates surged to 2-week highs on Friday after an exceptionally strong jobs report. This is a bit out of character based on recent norms.

Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It’s not that war, itself, is a consideration, but rather the implications for fuel prices and inflation. Bonds care deeply about inflation and interest rates are based directly on bonds.

When inflation isn’t raging (or at the risk of raging), rates/bonds spend most of their time thinking about the economy. Lately, the data has been sufficiently even-keeled that it hasn’t had enough of an impact to override the war’s inflation-related volatility, but Friday’s jobs report was an exception.

The jobs report is always the biggest consideration when it comes to monthly economic reports, but like other data, its impact had been limited of late. This particular report was so unequivocally strong that it sent shockwaves throughout the entire market.

Job growth crushed the forecast of 85k for the month of May by surging to 172k. If that had been an isolated phenomenon, the market might not have cared too much, but the revisions to the past 2 months completely changed the market’s understanding of the present labor market.

Back in April, the jobs numbers for March came out at 178k–very high, but at the time, an isolated outlier in a sea of mediocre data. Then in early May, April’s job count fell to 115k and the market remained indifferent to the data.

Jobs data is always revised for the trailing 2 months as additional survey responses come in late. In this week’s case, that resulted in hefty upward revisions. The 178k from March became 214k and April’s 115k became 179k.

With that, in a single moment, the labor market went from looking like it was in a general downtrend to a firm show of support. Some would even say there’s re-acceleration. It’s easier to make a case for this when viewing a moving average of the job count in order to smooth out some of the volatility.

Others would say the broader downtrend remains and recent results merely test the upper boundary of that trend.

The choice of description doesn’t matter. To the market, it was a compelling argument that the Fed is in no position to consider rate cuts, regardless of the Iran war and, if anything, is far more likely to consider rate hikes later this year, and especially by March of next year, with Fed Funds Futures now indicating 2 rate hikes. Before the Iran war, the expectation was to have seen 2 cuts by then–a total swing of 1.00%.

The broader rate market takes immediate cues from such rapid shifts in Fed rate expectations. Mortgage rates were no exception.

For those seeking solace, in addition to the fact that rates remain under the recent highs from May 19th, it continues to be the case that a confirmed peace deal between the U.S. and Iran would likely facilitate another meaningful drop. In addition, labor market data has indeed been more volatile than normal due, in part, to lower survey response rates–especially evident after last year’s government shutdown. Ultimately, this week’s reaction to the data will only be indicative of a broader uptrend in rates if additional data sings the same tune or if the Iran war drags on.

Recently Released Economic Data

Time

Event

Period

Actual

Forecast

Prior

Monday, Jun 01

10:00

ISM Manufacturing PMI

54.0

52.7

Tuesday, Jun 02

10:00

USA JOLTS Job Openings (ml)

7.618M

6.88M

6.866M

Wednesday, Jun 03

10:00

ISM N-Mfg PMI

54.5

53.8

53.6

Thursday, Jun 04

8:30

May/30

Jobless Claims (k)

May/30

225K

213K

215K

8:30

Unit Labour Costs QoQ Final

1.8%

2.5%

4.6%

Friday, Jun 05

8:30

Unemployment rate mm (%)

4.3%

8:30

Non Farm Payrolls (k)

172K

115K

Monday, Jun 08

11:00

Consumer Inflation Expectations

3.5%

3.6%

Tuesday, Jun 09

10:00

Existing home sales (ml)

4.17M

4.07M

4.02M

Wednesday, Jun 10

8:30

y/y CORE CPI (%)

2.9%

2.8%

8:30

m/m CORE CPI (%)

0.2%

0.3%

0.4%

Thursday, Jun 11

8:30

PPI y/y

6.5%

6.4%

Friday, Jun 12

10:00

Consumer Sentiment (ip)

48.9

44.8

Event Importance:

Low

Moderate

Important

Very Important

Around the Web

Friday, June 5, 2026

Mortgage Apps Pull Back Modestly

Mortgage News Daily

Odds of a Fed hike this year jump on prediction markets

CNBC

U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%

CNBC

Thursday, June 4, 2026

Highest Paid Occupations in Construction in 2025

Eye on Housing

Wednesday, June 3, 2026

House Price Appreciation by State and Metro Area in the First Quarter of 2026

Eye on Housing

Private payrolls grew by 122,000 in May, stronger than expected, ADP reports

CNBC

Sellers are pulling homes off the market at the fastest pace since 2020

CNBC

Tuesday, June 2, 2026

US April JOLTS job openings 7.618m vs 6.88m expected

Investing Live

Fed’s Hammack: We may need to act soon if inflation trends don’t cool

Investing Live

CNBC

Rates matter — but execution matters more.

I call the listing agent on every offer to proactively position your buyer. I’m available 7 days a week because deals don’t happen Monday through Friday. And when needed, we can utilize our “cash-like” offer program to give your buyers a competitive edge in multiple-offer situations.

My goal is simple: make your offers stronger and your escrows smoother.

Average Mortgage Rates

Mortgage News Daily

Freddie Mac

Rate

Change

Points

30YR Fixed

6.87%

+0.06

15YR Fixed

6.38%

+0.03

30YR FHA

6.40%

+0.03

30YR Jumbo

6.92%

+0.02

7/6 SOFR

6.42%

+0.09

30YR VA

6.42%

+0.05

Rate

Change

Points

30YR Fixed

6.78%

-0.10

0.66

15YR Fixed

6.10%

-0.01

0.90

30YR FHA

6.46%

-0.13

0.82

30YR Jumbo

6.73%

-0.15

0.50

7/6 SOFR

5.98%

-0.18

0.88

Rate

Change

Points

30YR Fixed

6.66%

+0.45

0.00

15YR Fixed

5.98%

+0.51

0.00

MBS and Treasury

Price / Yield

Change

UMBS 5.5

98.91

–0.10

UMBS 6.0

101.06

–0.07

10 YR Treasury

4.777

+-0.19

30 YR Treasury

5.272

+-0.44

Pricing as of:

8/31 10:54PM

Recent Housing Data

Value

Change

Mortgage Apps

245.3

-0.97%

4.06M

-0.73%

Builder Confidence

2.94%

Building Permits

1.44M

5.56%

Housing Starts

1.24M

-13.17%

259 W Channel Rd

Source: US Housing Market Weekly — Jay Bridges, Mortgage Lender, Priority Capital Corporation