Less Bombing. More Rallying

Less Bombing. More Rallying

It's a pretty simple morning for the bond market (and many other markets). While there's no formal ceasefire, both the U.S. and Iran have indicated a pause in the tit for tat airstrikes that have characterized most of July. Oil dropped sharply on the news though it's not clear exactly how much because markets were fully closed at the time. Still, it's safe to assume a majority of the move in oil/bonds/stocks is directly correlated. This gets 10yr yields just back under the upper line of the long-term trend channel after spending the last 2 days above. Econ data was a non-event this morning, and the calendar doesn't really become consequential until Wednesday afternoon's Fed announcement. 

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MBS & Treasury Markets
UMBS 5.5
99.29
+0.17 
10YR TREASURY
4.649
-0.034 
7/27/2026 10:14AM EST
It's a pretty simple morning for the bond market (and many other markets). While there's no formal ceasefire, both the U.S. and Iran have indicated a pause in the tit for tat airstrikes that have characterized most of July. Oil dropped sharply on the news though it's not clear exactly how much because markets were fully closed at the time. Still, it's safe to assume a majority of the move in oil/bonds/stocks is directly correlated. This gets 10yr yields just back under the up...   READ MORE
Today's Mortgage Rates
30YR Fixed
6.80%
-0.01% 
15YR Fixed
6.33%
-0.01% 
7/27/2026
If you're just tuning in, mortgage rates had a rough day yesterday on top of a rough week overall. The result was the highest 30yr fixed rate in over a year with our index moving up to 6.85%. As has been and continues to be the case, rate momentum has been strongly correlated with oil/gas price momentum. With that in mind, it's no surprise to see rates moving lower on a day where oil prices recovered from their recent highs. That's the good news, and it brings the rate in...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Jul 27
8:30AM Jun Durable goods (%) Jun 0.3% 2.5% -4.5%
8:30AM Jun Core CapEx (%) Jun 0.9% 0.8% 1.6%
11:30AM 2-Yr Note Auction (bl) 69
1:00PM 5-Yr Note Auction (bl) 70
Tuesday, Jul 28
8:15AM ADP Employment Change Weekly 16.5K
9:00AM May CaseShiller 20 mm nsa (%) May 1%
9:00AM May FHFA Home Price Index m/m (%) May 0.2% -0.1%
9:00AM May Case Shiller Home Prices-20 y/y (% ) May 1.3% 1.1%
9:00AM May FHFA Home Prices y/y (%) May 2%
10:00AM Jul CB Consumer Confidence (%) Jul 92.2 91.2
11:30AM 6-Week Bill Auction (%) 3.650%
1:00PM 7-Yr Note Auction (bl) 44