Stephen Heston
Broker NMLS #1930964
Aspire Mortgage Solutions LLC NMLS #2481498
P: (509) 202-4424
www.aspiremortgagesolutions.com
102 W Main St. #3
Pullman WA 99163
License:
2481498
1930964

Decent Recovery After AM Backtracking

Monday, October 27, 2025

Decent Recovery After AM Backtracking

CPI data was a mixed bag for bonds.  Top-line numbers fueled a quick rally and digestion of the details brought us back to negative territory (albeit with help from stronger S&P PMI data). Bonds found their footing shortly after 10am at just slightly stronger levels and then stayed mostly sideways through the close.  Pretty ho-hum CPI day given all the anticipation...

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Decent Recovery After AM Backtracking

MBS & Treasury Markets
UMBS 5.0 99.68 -0.17 10YR 4.038% +0.019% 10/27/2025 3:53AM EST
Treasuries Turning Red After S&P PMI Data
S&P Global Composite PMI (Oct) 54.8 vs -- f'cast, 53.9 prev S&P Global Manuf. PMI (Oct) 52.2 vs 52 f'cast, 52.0 prev S&P Global Services PMI (Oct) 55.2 vs 53.5 f'cast, 54.2 prev MBS are off nearly an eighth from their post-data highs and 10yr yields are back into negative territory after the S&P PMI data.  As is almost always going to be the case, the services index carries more weight and it rose to 55.2 from ...   READ MORE
MBS Morning:
Pros and Cons in CPI Report
Update:
First Move is Stronger After CPI
Today's Mortgage Rates
30YR Fixed 6.19% +0.01% 15YR Fixed 5.76% +0.02% 10/24/2025
Mortgage Rates Little-Changed Despite Decent Inflation Data
This morning brought the release of the much-anticipated Consumer Price Index (CPI). This is one of the two biggest inflation reports from the U.S. government, and the only government inflation report that's coming out during the shutdown.  With big government data being a key consideration for interest rates , this special release got extra attention. Core monthly inflation was lower than expected (.227% vs 0.3 forecast) as was the annual level at 3.0% versus a media...   READ MORE
Last Week This Week Next Week
Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Oct 27
8:30AM Sep Core CapEx (%) Sep 0.6%
8:30AM Sep Durable goods (%) Sep 0.3% 2.9%
11:30AM 2-Yr Note Auction (bl) 69
1:00PM 5-Yr Note Auction (bl) 70
Tuesday, Oct 28
9:00AM Aug FHFA Home Price Index m/m (%) Aug 0.1% -0.1%
9:00AM Aug FHFA Home Prices y/y (%) Aug 2.3%
9:00AM Aug Case Shiller Home Prices-20 y/y (% ) Aug 1.9% 1.8%
9:00AM Aug CaseShiller 20 mm nsa (%) Aug -0.3%
10:00AM Oct CB Consumer Confidence (%) Oct 93.5 94.2
1:00PM 7-Yr Note Auction (bl) 44
Recent Housing News
Read My Latest Newsletter
The Fed is Cutting Rates Next Week, But Not Mortgage Rates!
10/24/2025 4:28PM
The end of October brings the next Fed announcement and it is a 100% certainty that they will be cutting rates again. Many people believe this means lower mortgage rates. Many people are wrong. To be perfectly fair, mortgage rates COULD move lower after the Fed rate cut, but they could also move higher. We've certainly seen our fair share of counterintuitive reactions to rate cuts in the past. ... READ MORE
Mortgage Calculators
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-  Loan Comparison
-  Advanced Loan Comparison
-  Early Payoff
-  Should I Refinance?
-  Rent vs. Buy
-  Blended Rate
Stephen Heston
Broker NMLS #1930964
Aspire Mortgage Solutions LLC NMLS #2481498
P: (509) 202-4424
www.aspiremortgagesolutions.com
102 W Main St. #3
Pullman WA 99163
License:
2481498
1930964
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Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.