Apply Now

Range-Bound Cruise Control, PM Edition

Range-Bound Cruise Control, PM Edition Bonds came into the domestic session at slightly weaker levels and held mostly sideways for the entire day. There were no meaningful market movers in play, let alone any meaningful movement. Volume clocked in at the lowest non-holiday level of the year. NOTE: this week's analysis will be shorter and more basic than normal unless something interesting happens. Market Movement Recap 09:25 AM modestly weaker overnight and holding sideways so far.  MBS down 2 ticks (.06) and 10yr up 2bps at 4.16 01:52 PM MBS still down 2 ticks (.06) and 10yr up 2.8bps at 4.168 03:37 PM MBS down 1 tick (.03) and 10yr up 2.6bps at 4.166
Share the Post:

Related Posts

Mortgage Rates End Week Slightly Lower

It ended up being a decent round trip for rates this week. Monday kicked things off with a jump to the highest level in more than a month, and the third highest since August 2025. But that ended up being the only day where rates went higher.  Wed…

Read More

Higher Rates Hit Mortgage Apps, But Only Modestly

Mortgage applications declined last week, reversing some of the prior period’s gains as rates climbed to their highest level in a month. The Mortgage Bankers Association (MBA) reported a 4.4% decrease on a seasonally adjusted basis for the week endin…

Read More