This blurb is something I wrote this morning for a mortgage financial markets blog I contribute to. I’m hoping it’s informative and not controversial. I do like to ruffle some feathers tho 😂. I threw in “economic uncertainty” and “ongoing tariff issues” just for you guys. lol.
Bond markets and the 10 year Treasury yield have a direct and immediate impact on mortgage rates which is why we ( mortgage capital markets) watch that daily.
Here it goes ( don’t forget to clap at the end) :
Bond prices and Treasury yields are holding steady in early trading. The U.S. 10- Year Treasury yield is currently at 4.212%, slightly lower than its opening level of 4.235%. Economic uncertainty remains a key concern, with no major economic reports due today. Ongoing tariff issues continue to impact market sentiment. and the Federal Reserve indicated that the process to achieve price stability may take longer than expected after its meeting earlier this week. The Fed is factoring in the possibility of two rate cuts totaling 50 basis points, but is adopting a wait-and-see stance for now. Next week, a series of economic reports are scheduled, including the S&P Case-Shiller Home Price Index, pending home sales, a GDP revision, service and manufacturing PMIs, and the latest PCE inflation data.
So things aren’t as gloomy as you thought a week or two ago
I told everyone to buy. And I tried. I got a little bit was greedy and it didn’t come down enough
Grocery stick thought my advice was terrible and lubed up another bar of gold