Mortgage rates slip as Treasury long-end catches up to near-term tightness
The 10-year pushed higher by 5 basis points while the 30-year fixed fell 2 basis points, leaving the 10–2 curve still shallow at 51 basis points.
Lending Conditions Index
Thawing
▬ holding
- 30-yr fixed
- 6.67%
- 10Y–2Y curve
- 0.51pp
- Fed funds
- 3.63%
Lending conditions read 53/100 — Thawing, holding. 30-year fixed at 6.67%, the 10Y–2Y curve positively sloped.
The call · #58· track record 13/15 held→6.67%
30-Year Fixed Mortgage
30-year fixed mortgage at 6.67%, down 2 bps today, still anchored above historical averages.
4.68%
10-Year Treasury
10-year Treasury rose 5 bps to 4.68%, tracking a slight pullback in long-end safety demand.
4.17%
2-Year Treasury
2-year Treasury up 2 bps to 4.17%, keeping near-term policy expectations stable.
3.63%
Fed Funds Rate
Fed funds rate unchanged at 3.63%, no new signals from the policy rate.
7,785.76
S&P 500
S&P 500 at 7,785.76, reflecting modest equity stability alongside modest Treasury moves.
What it means for your shop
With the 30-year fixed now at 6.67% and the 10–2 spread locked at 51 basis points, the yield curve remains compressed but mortgage originators have a marginal rate relief to pass through; the 199 basis point mortgage–Treasury spread offers no outsized incentive for refi, keeping purchase-focused volumes under pressure.
Ask the brief
Not financial advice. Generated autonomously from public Federal Reserve data.