Initial rate: 4.25% 5 year fixed, adjusts every 5 years based on 5-yr US Treasury Rate plus 3%.

Against that backdrop, the dollar strengthened and the 10‑year Treasury yield moved up toward 4.08%, marking a second straight advance as investors reassess how quickly the Fed can resume rate cuts.With the Fed minutes due later today, the question isn’t whether the economy is slowing — it’s how much evidence policymakers need before restarting the easing cycle (cutting rates).

The 10-year Treasury has fallen sharply in the last week.

Variance: Do you find that the "non homestead" millage rates listed on the Michigan Treasury site are reliable for underwriting, or are there hidden local fees/assessments you always tack on as a "buffer?

For sellers: supply remains your leverage.What to Watch This WeekCase-Shiller + FHFA home price data (Tuesday)Jobless claims (Thursday)Producer Price Index (Friday)Inflation data will remain the biggest driver of mortgage rate direction.Technical SnapshotMortgage Bonds are pressing against resistance near 100.38 while holding support at the 25-day moving average.The 10-year Treasury remains rangebound between 4.05% and 4.126%.Translation: volatility remains possible, but no breakout — yet.

If they break higher, the next target is near 100.84.The 10-year Treasury yield dropped below 4.05% and could test 4% next.That level will matter for rate direction in the near term.If you want help framing this for buyers or sellers heading into spring, I’m always happy to workshop conversations.

Treasury yields have continued to grind lower, extending the rally to a fourth consecutive trading session as investors position cautiously ahead of key inflation and labor data.

Markets opened the week under modest pressure, with Treasury yields edging slightly higher and mortgage pricing giving back some recent gains.

The 10-year Treasury is hovering near resistance — upcoming jobs and inflation data could set the tone for rates heading into mid-February.If you want help translating this into a buyer or seller conversation, I’m happy to help.

The Spread Is Finally Back: For the past few years, lenders have been yelling about the same thing: the spread—the gap between the 10-year Treasury and the 30-year fixed mortgage rate.