Mortgage Interest Rate Recap: 3/13/25

Today's mortgage bond market experienced a rollercoaster ride, with MBS (UMBS 30yr 5.5) closing at 99.66, up 3 basis points from the previous day's close. The highly anticipated CPI inflation report came in weaker than expected, but its impact on MBS was short-lived. The 10-year Treasury auction saw close to average demand, while the Dow Jones Industrial Average dipped slightly. (Source: MBSQuoteline)

Looking ahead, the PPI inflation report and Jobless Claims data, scheduled for release tomorrow at 8:30 ET, could influence mortgage rates. Additionally, the results of the 30-year Treasury auction, expected around 1:00 ET, may provide further insights into the market's direction. (Source: MBSQuoteline)

According to Mortgage News Daily, the average mortgage rate for a 30-year fixed-rate mortgage remained relatively stable, hovering around 6.75% as of March 12th. However, the report highlights the potential for increased volatility in the coming weeks, driven by evolving economic data and the Federal Reserve's policy decisions. (Source: Mortgage News Daily)

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