08/31/2026
The 10-Year Treasury is starting the week at 4.744%, just below an important resistance level of 4.75%.
Why does this matter? Treasury yields heavily influence mortgage rate pricing, and we're currently at a point where the market could move in either direction depending on this week's economic data.
✅ If employment data comes in softer than expected, we could see yields improve and mortgage rates gain some relief.
⚠️ If job growth remains strong and inflation concerns persist, yields could push above 4.75%, potentially creating additional pressure on mortgage rates.
This week brings several key reports, including: • ISM Manufacturing • JOLTS Job Openings • ADP Employment • Weekly Jobless Claims • Friday's Jobs Report
For now, I continue to recommend a cautious approach as the market tests the top of its recent range.
If you're planning to buy, sell, refinance, or have clients with questions about rates, let's connect and discuss today's opportunities.