Market Pulse

Mortgage rates are flat today, hovering around 6.5% for the 30-year fixed. The 10-year Treasury yield, a primary driver of mortgage rates, has settled near 3.9%, indicating a stable environment as we approach the holiday weekend.

Key Drivers

• Holiday Volume: Trading volume is thin, leading to less volatility.
• Economic Data: No major economic reports were released today, leaving the market without a strong catalyst for change.

Outlook

Expect rates to remain range-bound through the end of the year unless unexpected geopolitical news emerges.