Since almost all of them are DSCR loans, it is not common to call them that, like it is something unusual.Commercial loans are usually based on the corresponding treasury rate plus a spread.

Treasury yields are modestly higher this morning as markets digest a flat Core PCE reading alongside stronger GDP data.

The Fed also resumed Treasury purchases ($40B) to bolster liquidity—a stealth easing move that markets welcomed.

The 10-year Treasury yield closed near multiple support levels, including the 4.126% Fibonacci level — a key area that often influences mortgage rate direction.Final TakeawayThe economy remains sturdy, the labor market is cooling gradually, and mortgage rates are responding accordingly.

I only keep enough cash to meet EMD, and the rest I leave in normal accounts (treasury, HYSA, brokerage, etc) that I can access within 30 days to meet COE. 

The 30-year Treasury yield popped to levels we haven’t seen since September, finishing around 4.86%.

The 10-year Treasury continues to trade sideways, capped by its 100-day average with support near 4.126%.If you want to talk through what this environment means for buyers, listings, or rate strategy, I’m always happy to help.— Derek

Yesterday, the Fed cut rates by 25 bps to 3.50%–3.75%, as expected, but added cautious guidance, a split vote, and plans to buy $40B in Treasury bills over the next month.

Treasuries extended their rally, with the 10-year yield slipping to 4.10% and the front-end outperforming as two-year yields fell to 3.43%.

.📈 Technical PictureMortgage Bonds closed below the 25- and 50-day Moving Averages10-year Treasury yield is stuck between 4.20% resistance and the 100-day MA floorWith jobs + inflation data finally returning, volatility is very possible.