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%.
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
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