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3.5-Day Week Starting Out Slow and Flat

3.5-Day Week Starting Out Slow and Flat

At the risk of jinxing it, Monday is pretty much already in the back as an uneventful start to a holiday-shortened week (early close on Thursday and fully closed on Friday). Bonds were very flat overnight and are near unchanged levels in the first few hours. Unchanged is good in this case as it means we're holding in a friendlier trading range under the 4.42% technical level in 10yr yields. Today is the only data-free day of the week and the next 3 are action-packed by comparison. While we're expecting lower volume than normal due to the time of year and the holiday, this doesn't necessarily mean lower volatility. In fact, light volume often exacerbates volatility if there are big market movers in play (like Thursday's jobs report). We're also open to a bit of extra volatility on the first two days of the week as quarter-end trading wraps up.

Latest Video Analysis

Early Gains. Flat Afternoon. MBS Underperform

MBS & Treasury Markets
UMBS 5.0
98.63
-0.05 
10YR TREASURY
4.376
+0.009 
6/29/2026 9:19AM EST
At the risk of jinxing it, Monday is pretty much already in the back as an uneventful start to a holiday-shortened week (early close on Thursday and fully closed on Friday). Bonds were very flat overnight and are near unchanged levels in the first few hours. Unchanged is good in this case as it means we're holding in a friendlier trading range under the 4.42% technical level in 10yr yields. Today is the only data-free day of the week and the next 3 are action-packed by compar...   READ MORE
Today's Mortgage Rates
30YR Fixed
6.52%
-0.01% 
15YR Fixed
6.12%
+0.00% 
6/29/2026
Mortgage rates officially hit their lowest level in more than a month yesterday with MND's 30yr fixed index falling to 6.53% from 6.55% on Wednesday. Today was completely unchanged at 6.53%, thus maintaining the lowest level since May 14th, 2026.  There weren't any dramatic developments behind the scenes in term of economic data or news headlines (not that we'd expect them when rates hold perfectly flat). This week's broader improvement can be attributed to buying dem...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Jun 29
Tuesday, Jun 30
9:00AM Apr FHFA Home Prices y/y (%) Apr 1.7%
9:00AM Apr Case Shiller Home Prices-20 y/y (% ) Apr 0.9% 0.8%
9:00AM Apr CaseShiller 20 mm nsa (%) Apr 1%
9:00AM Apr FHFA Home Price Index m/m (%) Apr 0.1%
9:45AM Jun Chicago PMI Jun 58.1 62.7
10:00AM May JOLTs Job Quits (ml) May 2.977M
10:00AM May USA JOLTS Job Openings (ml) May 7.30M 7.618M
10:00AM Jun CB Consumer Confidence (%) Jun 94.7 93.1
11:30AM 6-Week Bill Auction (%) 3.620%
Home Loan Consultant
Great Western Home Loans