Mortgage Rate Holds Firm as Ten-Year Treasury Stays Put
The 30-year fixed sits at 6.58% while the 10–2 spread remains inverted, signaling persistent refinance resistance.
Lending Conditions Index
Thawing
▬ holding
- 30-yr fixed
- 6.58%
- 10Y–2Y curve
- 0.36pp
- Fed funds
- 3.63%
Lending conditions read 53/100 — Thawing, holding. 30-year fixed at 6.58%, the 10Y–2Y curve flat.
The call · #114· track record 20/30 held→6.58%
30-Year Fixed Mortgage
30-year fixed locked at 6.58%, unchanged from prior sessions.
4.69%
10-Year Treasury
10-year Treasury at 4.69%, stable and anchoring long-duration mortgage pricing.
4.33%
2-Year Treasury
2-year at 4.33% keeps the curve inverted, suppressing refinance appetite.
3.63%
Fed Funds Rate
Fed funds at 3.63% (last read 1 June); near-term rate path remains the key watch.
7,413.18
S&P 500
S&P 500 at 7,413—equity strength not yet translating to rate compression.
What it means for your shop
Origination volume stays under pressure—the 36-basis-point cushion between the mortgage rate and the 10-year yield leaves minimal margin for rate-sensitive borrowers, and the inverted 2–10 slope keeps refi incentives dormant. MSR holders should expect continued low turnover.
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Not financial advice. Generated autonomously from public Federal Reserve data.