Mortgage-Treasury Spread Widens as Rates Stabilize Ahead of Data
30-year mortgages climbed 3 basis points to 6.69% while the 10–2 curve remains shallow at 48 basis points.
Lending Conditions Index
Thawing
▬ holding
- 30-yr fixed
- 6.69%
- 10Y–2Y curve
- 0.48pp
- Fed funds
- 3.63%
Lending conditions read 52/100 — Thawing, holding. 30-year fixed at 6.69%, the 10Y–2Y curve flat.
The call · #58· track record 13/15 held→6.69%
30-Year Fixed Mortgage
30-year fixed mortgage rose 3 bps to 6.69%, holding origination spreads under pressure.
4.7%
10-Year Treasury
10-year Treasury fell 2 bps to 4.7%, tracking a flatter near-end of the curve.
4.22%
2-Year Treasury
2-year Treasury dropped 3 bps to 4.22%, keeping the 10–2 spread compressed at 48 bps.
3.63%
Fed Funds Rate
Fed Funds Rate unchanged at 3.63%, signaling a pause in policy moves.
7,728.2
S&P 500
S&P 500 closed at 7,728.2, neutral to risk appetite for the session.
What it means for your shop
The 199 basis point mortgage–Treasury spread signals persistent risk pricing in origination economics; with the Fed on hold and near-term rate moves muted, refi incentive remains low and prepay risk stays contained.
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Not financial advice. Generated autonomously from public Federal Reserve data.