Mortgage-Treasury Spread Widens as 30-Year Fixed Ticks Higher
The 30-year fixed mortgage climbed 5 bps to 6.76% while the 10-year Treasury rose only 1 bps, pushing the mortgage-Treasury spread to 179 bps.
Lending Conditions Index
Tight
▬ holding
- 30-yr fixed
- 6.76%
- 10Y–2Y curve
- 0.32pp
- Fed funds
- 3.63%
Lending conditions read 49/100 — Tight, holding. 30-year fixed at 6.76%, the 10Y–2Y curve flat.
The call · #103· track record 19/28 held→6.76%
30-Year Fixed Mortgage
30-year fixed mortgage rose 5 bps to 6.76%, outpacing Treasury moves and signaling tighter origination economics.
4.97%
10-Year Treasury
10-year Treasury rose only 1 bps to 4.97%, keeping the long end relatively flat on the day.
4.65%
2-Year Treasury
2-year Treasury climbed 2 bps to 4.65%, holding the 10–2 curve at a modest 32 bps.
3.63%
Fed Funds Rate
Fed funds rate held steady at 3.63% as of early August, anchoring the policy backdrop.
7,619.98
S&P 500
S&P 500 closed at 7,619.98, providing context for portfolio performance but not directly moving mortgage pricing on the day.
What it means for your shop
Lenders face compression in origination margins as the spread widens—a sign that secondary-market pricing is penalizing mortgage risk relative to Treasuries, likely reflecting prepayment concerns and portfolio hedging costs. Refinance incentive remains nil at these levels.
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Not financial advice. Generated autonomously from public Federal Reserve data.