Another down day for rates as home price growth slowed as expected and consumer confidence increased more than expected.
- 10-YR: The 10-year treasury closed out the day at 3.57%, up three basis points from yesterday and now up 20 basis points from Friday’s close.
- MBS: The Uniform Mortgage Backed Security 5.0 had another down day falling to $99.34, down 6 cents from yesterday and now down 75 cents for the week.
Tomorrow. At 7:00 AM, we’ll get mortgage demand and rates data from last week and then at 10:00 AM pending home sales are projected to fall 3.0% in February.
Looking Ahead. Rates continue to trend upward with all eyes on the big PCE report on Friday.