VMBS

Mortgage rates roughly unchanged W/W, but down from 2024-peak

Mortgage rates were almost flat from last week, but down from their peak level in 2024. 30-year fixed-rate mortgages averaged 6.78% as of July 25, down from 6.81% a year ago. Freddie Mac Primary Mortgage Survey says rates are down 0.5% from 2024-peak level.

Weekly Report: what happened at VMBS last week (0715-0719)?

After Hours Most Active for Jul 18, 2024 : NVDA, AAPL, INTC, MTCH, JCI, BAC, TSLA, WFC, VMBS, USB, INFY, CVE

Mortgage rates edge down from a year ago, but purchase demand remains low

Mortgage rates edge down from a year ago, but purchase demand remains low. 30-year fixed-rate mortgage fell to its lowest level since mid-March. Freddie Mac Primary Mortgage Survey: Homebuyers have yet to respond to lower rates, as purchase demand remained low.

Weekly Report: what happened at VMBS last week (0708-0712)?

Mortgage Rates Are Likely To Decline In The Near Future

In June 2024, the 30-year fixed rate mortgage rate was around 6.9 percent. Inflation will eventually return to 2 percent per year. Lower long-term Treasury rates and lower spreads in the near future will translate into lower mortgage rates. Mortgage rates are likely to be lower in the future.

Fixed Income Perspectives: Looking Ahead At Q3 2024 - A Resilient U.S. Economy Is Keeping Rate Cuts On Hold... For Now

Despite policy rate cuts remaining elusive, several tailwinds are boosting a resilient U.S. Economy. Global central banks are actively transitioning onto a path of easing policy. Many fixed income asset classes are poised for potential outperformance heading into the second half of the year.

Mortgage rates fall as yields decrease after June jobs report

Mortgage rates fall as yields decrease after June jobs report. 30-year fixed-rate mortgages averaged 6.89% as of July 11, down from 6.95% last week and 6.96% a year ago. Freddie Mac Primary Mortgage Survey: Treasury yields decreased on back of cooling labor market.