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Mortgage spreads helped keep 2026 rates under 7% amid rate pressures

Mortgage spreads were at 2.01%, supporting mortgage rates near 6.74% and allowing pending sales to stay slightly positive year over year for a second straight week.

Reported · Written up by our desk · Mortgages

Mortgage spreads have improved in 2026, supporting mortgage rates staying below 7% even as the 10-year Treasury yield remains in a higher range, according to HousingWire.

HousingWire reports that weekly pending sales and total pending sales have remained slightly positive year over year, while purchase applications have shown recent softness after rates moved above 6.64%.

The outlet says the relationship between mortgage rates and activity has historically been tied to whether rates rise above 6.64%, which tends to slow demand and make it difficult for sales growth to show up in the year.

HousingWire attributes the ongoing pressure on mortgage rates partly to developments affecting the 10-year yield, noting that the Iran conflict has been a recent driver and that last week’s jobs data did not move the 10-year yield much despite a weaker labor report.

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