Mortgage–Treasury Spread Widens as 30-Year Rate Climbs to 6.71%
Mortgage rates rose 5 bps while the long end of the Treasury curve flattened, pushing the 30–10 spread to 194 bps.
Lending Conditions Index
Thawing
▬ holding
- 30-yr fixed
- 6.71%
- 10Y–2Y curve
- 0.43pp
- Fed funds
- 3.63%
Lending conditions read 51/100 — Thawing, holding. 30-year fixed at 6.71%, the 10Y–2Y curve flat.
The call · #80· track record 17/20 held→6.71%
30-Year Fixed Mortgage
30-year fixed mortgage at 6.71%, up 5 bps — locking in pressure on marginal borrowers.
4.77%
10-Year Treasury
10-year Treasury at 4.77%, down 2 bps — flight-to-quality bid into week-end.
4.34%
2-Year Treasury
2-year Treasury at 4.34%, down 5 bps — Fed holding, curve flattening.
3.63%
Fed Funds Rate
Fed funds rate unchanged at 3.63% as of month-end; no policy move.
7,718.6
S&P 500
S&P 500 at 7,718.6 — equities stable despite rate uptick.
What it means for your shop
Origination volume faces sustained headwinds as the 30-year fixed breaks above 6.7%, while the 43 bps 10–2 slope signals continued economic uncertainty; servicers should monitor prepay risk if spreads tighten on any near-term curve inversion.
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Not financial advice. Generated autonomously from public Federal Reserve data.