August 5, 2025

Housing Market Tracker

Mortgage

How much lower can mortgage rates go after Friday’s jobs report?

10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates between 5.75% and 7.25% The 10-year yield fluctuates between 3.80% and 4.70% The 10-year yield has fluctuated between approximately 4.79% and 3.87% this year, considering overnight trading within that range. Meanwhile, mortgage rates have varied from 7.25% to 6.50%.

Read More
Mortgage

Mortgage spreads are almost back to normal

Mortgage spreads In 2023, when mortgage rates reached 8%, the year was hampered by mortgage spreads hitting new cycle highs. Initially, mortgage spreads showed signs of improvement early in the year. However, the Silicon Valley banking crisis caused a spike in spreads and the situation remained challenging throughout the year.  In 2024, the spreads began

Read More
Mortgage

Have slightly lower mortgage rates stabilized the housing market?

10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates between 5.75% and 7.25% The 10-year yield fluctuates between 3.80% and 4.70% We had a lot of drama again last week, with speeches by Federal Reserve Chairman Jerome Powell and other regional Fed presidents, and then President Trump starting

Read More
Mortgage

Better mortgage spreads boost housing demand in 2025

Mortgage spreads Mortgage spreads — the difference between the 10-year Treasury yield and the 30-year mortgage rate — are a complex topic. Over the past decade, they haven’t received much attention because spreads were typical and not a concern. Under normal circumstances, the spread typically ranges from 1.60% to 1.80%. A historical review of these

Read More
Mortgage

Mortgage rates settle down after wild ride

10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates will be between 5.75% and 7.25% The 10-year yield will fluctuate between 3.80% and 4.70% Last week, we observed a positive trend, as the 10-year yield gradually declined from a high of 4.43% to 4.24%. This drop has also

Read More
Mortgage

Lower mortgage rates driving early spring home sales

4 positive readings 3 negative readings 3 flat prints Overall, we’ve seen positive growth year over year with most of the weekly data in 2025. It’s not spectacular and it working from the lowest bar ever, but growth is growth. The purchase application data looks out for about 30 to 90 days, but I wouldn’t

Read More
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View more
Accept
Decline