Since we believe in the close relationship between the 10-year yield and mortgage rates, we expect mortgage rates to decrease tomorrow if bond yields continue to decline. Here’s what the bond yields looked like on Wednesday afternoon: My bottom range forecast for the 10-year yield in 2025 is 3.80%. At 4.11%, it marks the lowest
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
The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 6% from last week. The refinance index decreased 13% from the previous week, but was 70% higher than the same week one year ago. The seasonally adjusted