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.
Published 7:15 AM ET
BasisRate Today
A concise daily market read for loan officers.
BasisRate Today
Market Bias
Slightly Better
Improved from yesterday
Lock Indicator
LockNeutralFloat
10-Year Treasury
4.62%
Trade Range
4.55% - 4.68%
MBS Snapshot
Improved modestly this morning
Economic Data Today
MBA Apps
Retail Sales
Fed Speaker
What This Means
Market Bias
Slightly Better - Improved from yesterday
Lock Indicator
Neutral. Market risk is balanced. Short-fuse closings should stay disciplined; longer locks have more room to wait for confirmation.
10-Year Treasury
4.62%; current trade range 4.55% - 4.68%.
MBS Snapshot
Improved modestly this morning.
Reprice Risk
Moderate.
LO Takeaway
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.
What LOs Should Say Today
Agent Script
Today is neutral. No urgency to lock, but economic data this week could create movement. I will keep you posted.