BasisRate| Daily Mortgage Market BriefTuesday, May 16
BasisRate Today
Market BiasSlightly Better
Improved from yesterday
Lock Indicator
LockNeutralFloat
10-Year Treasury4.62%
4.55% - 4.68%
What This Means
Rates are slightly better this morning with more room to float than lock. Treasury yields eased overnight, but the market remains range-bound. We will continue monitoring key reports for directional clues.
Borrower Script
Rates improved a bit overnight, which gives us some flexibility today. We are watching the data closely and will let you know if anything changes.
Agent Script
Today is neutral. No urgency to lock, but economic data this week could create movement. I will keep you posted.