Mortgage Rates Hold Firm as Treasury Curve Flattens
The 30-year mortgage sits at 6.43% while the 10/2 spread tightens to just 31 basis points, signaling persistent rate pressure despite modest equity gains.
Lending Conditions Index
Thawing
▬ holding
- 30-yr fixed
- 6.43%
- 10Y–2Y curve
- 0.31pp
- Fed funds
- 3.63%
Lending conditions read 54/100 — Thawing, holding. 30-year fixed at 6.43%, the 10Y–2Y curve flat.
The call · #17· track record 9/9 held→6.43%
30-Year Fixed Mortgage
30-year fixed holds at 6.43%, unchanged from start of the week.
4.48%
10-Year Treasury
The 10-year yields 4.48%, barely budging despite equity strength.
4.17%
2-Year Treasury
The 2-year sits at 4.17%, leaving only 31 bp of curve steepness.
3.63%
Fed Funds Rate
Fed funds remain at 3.63%, providing no relief signal.
7,483.24
S&P 500
The S&P 500 climbed to 7,483, but equities have not pulled long rates lower.
What it means for your shop
With the long end refusing to fall and the curve compressed, refi incentive remains weak—origination volume will stay anchored to purchase activity and rate-sensitive demographics. Prepayment risk stays contained, but MSR valuations remain under pressure in this sticky-rate environment.
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Not financial advice. Generated autonomously from public Federal Reserve data.