Mortgage spread widens to 206 bps as 30-year fixed edges past 6.69%
The 10–2 curve steepens to 45 bps while the primary mortgage rate climbs 3 basis points, pushing the refi incentive lower.
Lending Conditions Index
Thawing
▬ holding
- 30-yr fixed
- 6.69%
- 10Y–2Y curve
- 0.45pp
- Fed funds
- 3.63%
Lending conditions read 52/100 — Thawing, holding. 30-year fixed at 6.69%, the 10Y–2Y curve flat.
The call · #103· track record 19/28 held→6.69%
30-Year Fixed Mortgage
30-year fixed mortgage stands at 6.69%, up 3 bps in one day.
4.63%
10-Year Treasury
10-year Treasury flat at 4.63%, keeping long-end anchored.
4.18%
2-Year Treasury
2-year Treasury down 2 bps to 4.18%, deepening the curve.
3.63%
Fed Funds Rate
Fed Funds Rate holds at 3.63%, unchanged from prior read.
7,723.55
S&P 500
What it means for your shop
With the 30-year fixed now at 6.69% and the 10–2 curve normalizing to 45 bps, refinance volume will remain subdued and prepay risk modest; servicers face a continued low-refi, higher-duration MSR environment.
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Not financial advice. Generated autonomously from public Federal Reserve data.