Mortgage Spread Widens as Mid-Curve Yields Edge Higher
Treasury yields rose modestly across the curve on September 4, while the 30-year mortgage climbed 5 bps to 6.71%, pushing the mortgage-to-10-year spread to 193 bps.
Lending Conditions Index
Thawing
▬ holding
- 30-yr fixed
- 6.71%
- 10Y–2Y curve
- 0.41pp
- 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 climbed 5 bps to 6.71%, outpacing the 1 bp rise in the 10-year Treasury.
4.78%
10-Year Treasury
10-year Treasury rose 1 bp to 4.78%, anchoring the near-term rate backdrop.
4.37%
2-Year Treasury
2-year Treasury moved 3 bps higher to 4.37%, steepening the front end slightly.
3.63%
Fed Funds Rate
7,718.6
S&P 500
S&P 500 closed at 7,718.6, reflecting equity market steadiness amid stable fed policy.
What it means for your shop
The 193 bps mortgage spread remains elevated, pricing in both credit and servicing risk; origination volume will stay sensitive to any further yield moves, while MSR values remain pressured by the wide cushion above refi incentive.
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Not financial advice. Generated autonomously from public Federal Reserve data.