Mortgage spread widens as 30-year fixed climbs to 6.76%, outpacing Treasury moves
The 30-year mortgage gained 5 bps while the 10-year Treasury rose only 3 bps, pushing the mortgage-Treasury spread to 193 bps.
Lending Conditions Index
Thawing
▬ holding
- 30-yr fixed
- 6.76%
- 10Y–2Y curve
- 0.40pp
- Fed funds
- 3.63%
Lending conditions read 50/100 — Thawing, holding. 30-year fixed at 6.76%, the 10Y–2Y curve flat.
The call · #80· track record 17/20 held→6.76%
30-Year Fixed Mortgage
30-year fixed jumped to 6.76%, up 5 bps overnight, while the Fed funds rate held at 3.63%.
4.83%
10-Year Treasury
10-year Treasury edged up 3 bps to 4.83%, lagging the mortgage move.
4.43%
2-Year Treasury
2-year Treasury rose 4 bps to 4.43%, keeping the curve nearly flat at 40 bps.
3.63%
Fed Funds Rate
7,636.36
S&P 500
S&P 500 at 7,636.36 as equity volatility likely drove safe-haven bond demand.
What it means for your shop
Lenders face a tightening secondary market or rising duration risk: the 193 bps spread signals either stronger investor demand for MBS or pricing pressure on loan sales. Origination margins compress unless you're already locked into forward sales, and MSR values benefit from the wider cushion against prepay if rates stabilize here.
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Not financial advice. Generated autonomously from public Federal Reserve data.