Jason Brookes
Broker
Grand Avenue Realty & Lending
P: (562) 233-8564
www.GrandAveLending.com
18293 Imperial Hwy
Yorba Linda California 92886
License:
NMLS 1372327
DRE 1412977

Volatility Picked Up After a Slow Start

Friday, April 17, 2026

Volatility Picked Up After a Slow Start

This morning, more than halfway through the international trading day, bonds were on track for the narrowest trading range since February 24th. The low volatility didn't last. Sellers surfaced in response to several war-related headlines. Bond yields followed oil prices higher from 9am through 1pm ET.  That said, it was still a fairly light day of movement in bonds with MBS only losing about an eighth of a point depending on when you look and 10yr yields up 3bps at 4.31+ in the final hour of trading. 

Market Movement Recap
08:41 AM

Modest overnight gains and then more buying on war headlines. MBS up over a quarter point and 10yr down 5.3bps at 4.262

Latest Video Analysis

Volatility Picked up After Slow Start

MBS & Treasury Markets
UMBS 5.0 99.45 +0.25 10YR 4.271% -0.046% 4/17/2026 8:44AM EST
Negative Reprice Risk Increasing
MBS are at new lows for the day, down roughly 0.05 from the previous low. This is enough of drop that we could see the first few jumpy lenders pull the trigger on a reprice. Risks are much lower for lenders who priced at 10am ET or later.   READ MORE
Alert:
Down an Eighth From Highs
MBS Morning:
Slowest Day in Over a Month. No Reaction to Data
Today's Mortgage Rates
30YR Fixed 6.32% +0.00% 15YR Fixed 5.96% -0.01% 4/16/2026
Mortgage Rates Hold Perfectly Steady
On average, today's top-tier 30 year fixed mortgage rates are exactly the same as yesterday's. Rates are driven by the bond market and bonds continue waiting for bigger developments in the Iran war. At the moment, the market is in a sort of limbo as time remains on the 2-week ceasefire. In the meantime, there's a multitude of lower consequence war-related headlines on any given day. These have caused a bit of back and forth volatility in bonds, but not enough directional ...   READ MORE
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Economic Calendar
Time Event Period Actual Forecast Prior
Friday, Apr 17
12:15PM Fed Barkin Speech
2:00PM Fed Waller Speech
Monday, Apr 20
12:00AM Roll Date - Ginnie Mae 30YR
Recent Housing News
Read My Latest Newsletter
War Still Weighing on Rates, But Volatility Continues to Ebb
4/10/2026 3:34PM
Whereas the entire month of March was "up, up, and away" for interest rates, April has been far calmer by comparison. The average lender ended the week in slightly lower territory and there was less volatility to boot. Refreshingly, the lower volatility means that weekly surveys were aligned with daily rates in showing the modest drop ( unlike last week ). That said, there's no question th... READ MORE
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Jason Brookes
Broker
Grand Avenue Realty & Lending
P: (562) 233-8564
www.GrandAveLending.com
18293 Imperial Hwy
Yorba Linda California 92886
License:
NMLS 1372327
DRE 1412977
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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.