Mortgage rates and Treasuries both tick higher as curve steepens modestly
The 30-year fixed climbed 8 bps to 6.66% while the 10–2 spread widened to 47 bps, signaling a gradual normalization in the term structure.
Lending Conditions Index
Thawing
▬ holding
- 30-yr fixed
- 6.66%
- 10Y–2Y curve
- 0.47pp
- Fed funds
- 3.63%
Lending conditions read 53/100 — Thawing, holding. 30-year fixed at 6.66%, the 10Y–2Y curve flat.
The call · #103· track record 19/28 held→6.66%
30-Year Fixed Mortgage
30-year fixed mortgage rose 8 bps to 6.66%, extending the week's climb.
4.75%
10-Year Treasury
10-year Treasury added 7 bps to 4.75%, outpacing the 2-year's 5 bp move.
4.28%
2-Year Treasury
2-year Treasury climbed 5 bps to 4.28%, keeping the curve moderately steep.
3.63%
Fed Funds Rate
Fed Funds rate held steady at 3.63%, leaving policy unmoved.
7,489.72
S&P 500
S&P 500 closed at 7,489.72, holding near recent levels despite the rate move.
What it means for your shop
Refi incentives remain dormant, but the modest steepening and higher long rates may start to pressure MSR valuations and lock in prepayment risk for seasoned pools; origination volume will remain rate-sensitive at current 30-year levels.
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Not financial advice. Generated autonomously from public Federal Reserve data.