30-Yr. Fixed Conforming. Updated hourly during market hours.
Single family homes on the market. Updated weekly.Powered by Altos Research
Market yield on U.S. treasury securities at 10-year constant maturity. Updated daily.Data sourced from FRED

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The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.

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Treasury Yields Hit Record Lows, But Will it Last? 

Dec 01, 2008By

Weaker-than-expected construction spending and quickly falling manufacturing activity helped send stocks sharply lower Monday morning, fueling a continued rise in demand for U.S. Treasuries — and likely pressure from secondary mortgage markets also contributed the extremely bullish bond sentiment as well, sources told HousingWire Monday morning. Call it the two-fer Treasury rally: safe-haven buying combined with a good old-fashioned convexity event, thanks to Fed intervention in U.S. mortgage markets.

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