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The 2 Mortgage Guys, Ryan Minick & Steve DeLon at Luminate Bank
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Real-time mortgage-backed securities tracking, Treasury yield analysis, and rate movement commentary from The 2 Mortgage Guys.
Real-time pricing from TradingView. UMBS 30Y 5.0% futures.
10-Year Treasury Yield
TVC:TNX • Chart
Open
High
Low
Range
What this means: The 10-Year Treasury yield is the benchmark interest rate that heavily influences mortgage pricing. When yields rise (red), mortgage rates typically move higher. When yields fall (green), lenders can offer better rates. This chart tracks the yield's movement over your selected timeframe.
UMBS 30yr 5.0
CBOT:50U1! • Chart
What this means: UMBS (Uniform Mortgage-Backed Securities) represent pools of 30-year mortgages sold to investors. The price moves inversely to mortgage rates — when UMBS prices rise (green), mortgage rates typically drop. When prices fall (red), rates tend to increase. This 5.0% coupon is a key benchmark for current pricing.
OHLC candlestick view of 30-year fixed rate daily fluctuations.
30Y Fixed Rate — OHLC
Daily candlestick view
Avg Open
Avg Close
Period High
Period Low
Avg Range
bps
What this means: Each candlestick shows the Open, High, Low, and Close of the 30-year fixed mortgage rate for a specific period. Green candles indicate rates closed lower than they opened (good for borrowers). Red candles indicate rates closed higher. The "wicks" show the full trading range — the highest and lowest rates reached during that period.
MBS markets are trading in a tight range as participants digest this morning's economic releases. UMBS 30s have recovered slightly from early weakness, now up 3 ticks on the day. The 10-year Treasury yield is hovering near 4.32% after an initial push higher. Reprice risk remains moderate—lenders who released pricing at the open are likely safe, but any further Treasury selling could prompt negative reprices.
Key Technical Levels
Lock/Float Outlook
Ryan Minick & Steve DeLon
The 2 Mortgage Guys • Luminate Bank
Unchanged from yesterday. Par rates holding steady as MBS markets consolidate.
Ticked up slightly on the curve flattening trade. Still attractive for refinancers.
Spread to 30-year fixed has widened. Worth considering for short-term holds.
Rates are illustrative based on market conditions. Your actual rate depends on credit profile, LTV, and other factors. See licenses .
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