Mortgage Rates Stay Flat Despite Underlying Market Volatility

In-Range Volatility on Tariff Headlines, But Broadly Sideways If you are following along with intraday market movement and not taking breaks to zoom the chart out, volatility seems to be rather extreme at the moment. Bonds began the day in stronger territory, bounced back to unchanged in the first 30 minutes, rallied sharply after data, gave up the rally almost immediately thereafter and then continued selling back to unchanged levels just before the 3pm CME close.  All of the above transpired in a 9bp range in 10yr yields, but moved of it was in a 4bp range. Tariff headlines are certainly good for some of that in-range volatility, but we have yet t