Carole Inferrera, MBA

09/28/2026

Mortgage markets enter the final week of September under renewed rate pressure. The 30-year fixed mortgage rate moved above 7% last week, with Freddie Mac reporting an average of 7.03% as of September 24, up from 6.95% the prior week and 6.30% one year ago. The Federal Reserve also raised the federal-funds target range by 25 basis points on September 16 to 3.75%-4.00%, citing elevated inflation. The combination of higher Treasury yields, persistent inflation and a Fed that is no longer easing has created a significantly more challenging rate environment for borrowers and originators.

Information from Radius Mortgage/
Sofia Travayiakis See less

04/09/2026

Monday Morning Mortgage Market Bulletin
Date: Monday, March 30, 2026

Mortgage Headlines from Last Week

1.Rates Continue Volatile Climb—Holding Mid-to-Upper 6% Range
Mortgage rates remained elevated in the ~6.25%–6.50% range, with intraday volatility driven by inflation data and Treasury market weakness.
· Markets continue repricing “higher-for-longer” rate expectations
· Limited investor demand for bonds added upward pressure

2. Inflation Data Reinforces Fed Caution
Core PCE (Fed’s preferred inflation gauge) came in sticky, signaling:
· Inflation progress is slowing
· Fed likely to delay rate cuts deeper into 2026
Impact: Treasury yields moved higher, widening MBS spreads.

3. Treasury Auctions Show Soft Demand
Last week’s Treasury auctions were met with weaker indirect demand, a key signal that:
· Global buyers are less aggressive at current yield levels
· Yields may need to rise further to attract capital

4. Housing Activity Stabilizing—But Rate Sensitive
· Pending home sales showed modest resilience
· Buyer activity improved briefly during rate dips
· Spring season demand remains highly rate-dependent

5. Inventory Growth Continues to Build
· Inventory up ~6–7% YoY
· More listings hitting the market ahead of peak season
· Sellers increasingly pricing competitively

Key Economic Events – Week Ahead

Monday (Mar 30)
· No major releases (market positioning day)
Tuesday (Mar 31)
· Case-Shiller Home Price Index
· FHFA Home Price Index
Wednesday (Apr 1)
· ISM Manufacturing
· ADP Employment Report
Thursday (Apr 2)
· Initial Jobless Claims
· ISM Services
Friday (Apr 3)
· Nonfarm Payrolls (Jobs Report)
· Unemployment Rate
· Average Hourly Earnings
Market Focus:
· Labor market strength (Jobs Report) = primary rate driver
· Wage growth = key inflation signal
· Manufacturing & services data = recession vs. growth signals

10-Year Treasury & MBS Trend Summary

Current Snapshot:
· 10-Year Treasury: ~4.15% – 4.30%
· Mortgage Rates: ~6.25% – 6.50%
Trend Analysis:
· Rates remain in an upward bias with volatility
· Market struggling to find a ceiling for yields
· Yield curve gradually re-steepening
MBS Performance:
· Spreads remain wide vs. historical norms
· Price action: reactive and headline-driven
· Volatility limiting rate improvement
Key Drivers:
· Inflation persistence
· Treasury supply/demand imbalance
· Global geopolitical risk
· Fed policy uncertainty

Housing Inventory & Home Price Update

Inventory:
· Up ~6–7% YoY
· Still below pre-2020 levels but improving steadily
· More balanced market beginning to emerge
Home Prices:
· National trends: flat to slightly negative
· Increased price reductions across many markets
· Days on market rising (~55–60 DOM)
New Construction:
· Builders cautiously increasing supply
· Ongoing constraints: labor, materials, financing
Takeaway for Sales:
· More inventory = more borrower opportunity
· Softer pricing = improved buyer negotiation power
· Educating borrowers on timing remains critical

Key Risks to Rates This Week

Risks to Monitor:
· Strong Jobs Report → Rates Spike Higher
· Wage Inflation Surprise → Extends high-rate environment
· Weak Treasury demand → pushes yields upward
· Geopolitical headlines → sudden volatility

Weekly Bottom Line

The market remains in a volatile holding pattern, with rates biased higher but highly data-dependent.
· Inflation is no longer falling fast enough to justify near-term rate cuts
· The labor market is now the primary swing factor for rates
· Housing is stabilizing, but affordability continues to cap demand
For Originators & Sales Leaders:
· This is a strategy-driven market—not a rate-driven one
· Borrower education and urgency messaging are key
· Purchase opportunity is improving due to inventory + pricing shifts
Bottom Line:

The window for rate relief is delayed—but the purchase market is still very much alive. Ex*****on and communication will separate top producers in this environment.

THE ABOVE INFORMATION IS OFFERED TO YOU BY RADIUS MORTGAGE.

10/05/2025

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My son Stephen is playing in the 100 innings of baseball this coming weekend to help raise money for ALS research. Please consider donating something, anything, to his effort. This disease is horrific and must be stopped! Thank you! Also, drop by and watch the teams play, it is fun and exciting!

For the 7th year in a row I will be playing in the 100 inning baseball game, and research needs your donation.The fight against ALS has a deeply personal connection to me. My cousin, Patti Gorgone, exhibited heroic strength in her battle with ALS, which she ultimately succumbed to in 2011. In honor...

09/23/2025

Available Now! NEWLY RENOVATED 1st fl condo. Perfectly situated 2 bed, 2 bath unit in Deerfield Forest community. Centrally located. Great rental for commuters, easy access to W Natick commuter rail, Rt 9, Mass Pike and shopping in Metrowest. Corner unit, lots of natural light. Very Quiet building.....

06/16/2025

Happy Father's Day to all the Fathers out there on FaceBook!

05/14/2025

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Great location, easy access to all highways. Nice size yard, may plant vegetable garden or flower garden with permission. Large bedroom w/closet and two eve storage areas. Living room has hardwood floors, windows, and small alcove. Heat (64 evening and 67...

05/13/2025

K9 PTSD Research Center is a 501-C-3 Non-Profit; At the heart of our mission is a clear focus: to treat and heal canines suffering from C-PTSD (Canine Post-Traumatic Stress Disorder).

12/13/2024

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10/13/2024

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My son Stephen is participating (year 6) in this wonderful event to bring awareness to people about ALS. Please consider donating any amount to help Stephen assist the cause! My dear cousin Patti died from ALS in 2011. Thank you!

For the 6th year in a row I will be playing in the 100 inning baseball game, and research needs your donation.The fight against ALS has a deeply personal connection to me. My cousin, Patti Gorgone, exhibited heroic strength in her battle with ALS, which she ultimately succumbed to in 2011. In honor....

10/09/2024

17 Walden Drive, Unit #2 has been rented to a wonderful tenant! Thank you to all who inquired and applied to my listing!