Insights / Daily Rate Update — June 24, 2026
June 24, 2026
Daily Rate Update — June 24, 2026
Today's 10-Year Treasury yield is 4.51% and Freddie Mac's 30-year fixed PMMS is 6.47%. Below: the rate snapshot plus the three finance headlines moving the macro picture today.
Today's Rate Snapshot
- 10-Year Treasury Yield: 4.51% (as of 2026-06-22)
- 30-Year Fixed Mortgage (Freddie Mac PMMS): 6.47% (as of 2026-06-18)
Mortgage rates are not the same as the 10-Year Treasury yield, but they generally track its direction. Personal scenario rates can vary based on credit, LTV, occupancy, and product.
Today's Finance Headlines
Why mortgage rates haven’t followed oil prices by moving lower
HousingWire · Industry
Many people in the housing industry are wondering why mortgage rates haven’t fallen even as oil prices have dropped from $111 per barrel to less than $73 today. The 10-year Treasury yield is at 4.48% and mortgage rates are near their yearly highs.
What this means for borrowers: Mortgage rates are more closely tied to Treasury yields than to commodity price fluctuations.
Re-Coupling and Range Consolidation
Mortgage News Daily · Mortgage Market
Yesterday's most interesting development was the visible decoupling of bond yields with oil prices. To a lesser extent, one could also lament that mid-morning stock selling failed to benefit bonds, but that's far from a regular correlation these days. In fact, the stock/bond correlation is often reversed when the market is adjusting Fed rate expectations. Today's trading session has seen some re-coupling with yields/oil/stocks all falling together. Some of the bond-specific weakness could have b
What this means for borrowers: Asset classes are showing renewed correlation as markets adjust to shifting expectations regarding Federal Reserve interest rate policy.
Mortgage rates move near 6.8% as the potential for a Fed hike grows
HousingWire · Industry
Sentiment has shifted when it comes to rate expectations as more housing market observers are predicting at least one rate hike this year.
What this means for borrowers: Rising inflation expectations are increasing the likelihood of Federal Reserve rate hikes, putting upward pressure on mortgage rates.
The "What this means for borrowers" notes above are AI-generated and reviewed for compliance — they describe macro context, never make recommendations or forecasts. Not personal financial advice. Talk to Jesse Gonzalez, NMLS #278103, for your specific situation.