Bob Buch
Mortgage Loan Officer
NEXA Lending
M: (303) 378-2778
www.peakshoremortgage.com
5559 S Sossaman Rd
Bldg #1, Ste #101
Mesa Arizona 85212

Bonds Cap Stellar Week/Month With Strongest Close

Monday, March 2, 2026

Bonds Cap Stellar Week/Month With Strongest Close

Bonds ended the week/month at their strongest levels with 10yr yields breaking below the 4.0% floor to close at 3.95+.  In addition to the low outright levels, the journey was accomplished with minimal volatility along the way. This is potentially surprising given this morning's much higher PPI numbers, but as discussed in the AM commentary, PPI is notoriously volatile and hasn't had a noticeable impact since 2024. Next week brings the typical early month, big ticket econ data (ISM, ADP, and the jobs report).

Latest Video Analysis

Bonds Cap Stellar Week With Range Breakout

MBS & Treasury Markets
UMBS 5.0 100.48 -0.02 10YR 3.961% +0.012% 3/2/2026 1:21AM EST
Starting Out Under 4.0% Despite Hotter PPI
We'd already discussed the fact that PPI has fallen by the wayside as a relevant market mover for bonds despite one or two instances of relevance nearly 2 years ago when bonds were desperate for any hints of change. Today's PPI results and the ensuing bond market movement leave no doubt as to the relevance of this data. Spoiler alert: there's basically no relevance at the moment. The following chart expresses some uncertainty in labeling this morning's small bump in yields...   READ MORE
MBS Morning:
Back to The Stronger End of The Range
Alert:
MBS Down an Eighth From Highs
Today's Mortgage Rates
30YR Fixed 5.99% -0.01% 15YR Fixed 5.60% -0.01% 2/27/2026
Mortgage Rates End Week at Best Levels
At this point, it is getting a bit repetitive to bring up "the lowest rates in more than 3 years"--something that was officially the case twice this week. If we give rates credit for stably holding these long-term lows (and we should!), then every day this week has been the best in more than 3 years. Here's the specific record: at no other time in the history of our rate index have rates begun a week at long-term lows and experienced so little volatility. There was a somewh...   READ MORE
Last Week This Week Next Week
Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Mar 02
9:45AM Feb S&P Global Manuf. PMI Feb 51.2 52.4
10:00AM Feb ISM Manufacturing Employment Feb 48.1
10:00AM Feb ISM Mfg Prices Paid Feb 59.5 59.0
10:00AM Feb ISM Manufacturing PMI Feb 52.3 52.6
Tuesday, Mar 03
9:55AM Fed Williams Speech
10:10AM Mar IBD economic optimism Mar 50.1 48.8
11:55AM Fed Kashkari Speech
Recent Housing News
Read My Latest Newsletter
Mortgage Rates Set an Interesting Record This Week
2/27/2026 3:31PM
Mortgage rates finished the week at their lowest levels since August 2022. In outright terms, this is far from the record lows, but rates set another kind of record. Volatility is a common negative side effect associated with rates hitting multi-year lows. For example, back on January 9th, the MND rate index briefly hit 5.99% before bouncing back to 6.06% later that same day, and 6.21... READ MORE
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Bob Buch
Mortgage Loan Officer
NEXA Lending
M: (303) 378-2778
www.peakshoremortgage.com
5559 S Sossaman Rd
Bldg #1, Ste #101
Mesa Arizona 85212
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Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.