Mortgage rates spike 8 bps as Treasury curve steepens post-data
The 30-year fixed jumped to 7.03% on a broad Treasury selloff, with the 10–2 curve now at 26 bps of spread.
Lending Conditions Index
Tight
▬ holding
- 30-yr fixed
- 7.03%
- 10Y–2Y curve
- 0.26pp
- Fed funds
- 3.63%
Lending conditions read 44/100 — Tight, holding. 30-year fixed at 7.03%, the 10Y–2Y curve flat.
The call · #103· track record 19/28 held→7.03%
30-Year Fixed Mortgage
30-year fixed climbed to 7.03%, up 8 bps in a single day.
5.11%
10-Year Treasury
10-year Treasury rose 15 bps to 5.11%, driving the mortgage move.
4.85%
2-Year Treasury
2-year Treasury up 14 bps to 4.85%, nearly matching the 10-year rise.
3.63%
Fed Funds Rate
Fed funds rate unchanged at 3.63%, confirming the move is pure long-end repricing.
7,706.03
S&P 500
What it means for your shop
Origination volume faces renewed headwind from the 8 bp spike; servicers should monitor prepayment risk as the 192 bp mortgage–Treasury spread remains historically elevated, signaling locked-in refi incentive may take weeks to materialize if rates stabilize here.
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Not financial advice. Generated autonomously from public Federal Reserve data.