Mortgage rates jump 19 bps as curve flattens to 25 bps
The 30-year fixed mortgage spiked to 6.95% while the 10–2 Treasury spread compressed, signaling tighter credit conditions ahead.
Lending Conditions Index
Tight
▬ holding
- 30-yr fixed
- 6.95%
- 10Y–2Y curve
- 0.25pp
- Fed funds
- 3.63%
Lending conditions read 45/100 — Tight, holding. 30-year fixed at 6.95%, the 10Y–2Y curve flat.
The call · #103· track record 19/28 held→6.95%
30-Year Fixed Mortgage
30-year fixed mortgage jumped to 6.95%, up 19 bps in one day.
4.96%
10-Year Treasury
10-year Treasury held steady at 4.96%, offering no relief.
4.71%
2-Year Treasury
2-year Treasury fell 5 bps to 4.71%, flattening the front end.
3.63%
Fed Funds Rate
Fed funds rate unchanged at 3.63% as of early August.
7,764.64
S&P 500
S&P 500 closed at 7,764.64, unchanged in tone from prior day.
What it means for your shop
A 19 bps one-day move in mortgage rates reshuffles origination economics and refi thresholds sharply; the flattening curve and widening mortgage–Treasury spread (now 199 bps) suggest lenders face tighter margins and servicers should brace for elevated prepay risk if refi windows remain competitive.
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Not financial advice. Generated autonomously from public Federal Reserve data.