Welcome to this week’s edition of the SimpleReverse Weekly Market & Interest Rate Update for the week ending 3/27/26! This newsletter gives you a quick update on what is going on in the markets and where the 10YR CMT is headed for the upcoming week.
Market Update:
Interest rates continued to move back up this week driven by new inflation fears, rising oil prices and continued geopolitical tension from the war in Iran. The 10YR CMT has been rising and is now running in the mid 4% range again. And mortgage rates continue moving back up from earlier lows and are now running in the mid 6% as well.
The FED has indicated it will keep assessing data and future risks before making any changes. But, based on the continued inflation fears and higher energy prices, most analysts are now indicating that the two predicted rate cuts that were expected this year are now basically off the table and there are talks of possible rate hikes being discussed for later this year.
March flash PMI data shows business activity slipping to an 11-month low, indicating slower growth but stickier inflation. This is the kind of data that keeps the interest rate market uneasy and is another factor driving rates higher currently. Jobless claims came in at 210,000 for the week, showing a continued cooling labor market, but not enough to offset inflation pressures.
For Reverse Mortgage Professionals, it continues to be important to shift the conversation away from “waiting for the perfect rate” and back towards the bigger planning questions of does this loan solve cash flow concerns, preserve cash, avoid monthly payments, help you purchase a new home with no payments and as a tool to decrease drawing down investments to quickly.
10YR CMT Interest Rate Projection for Next Week:
The 10YR CMT currently sits at 4.27% for this week and has continued its move back up this week. We will see an
increase of around 11-13 bps
in the Expected Rate next week! Unfortunately, this will have a
NEGATIVE IMPACT on the Expected Rate and will result in LOWER Benefit Amounts next week!
Based on the data from this week, we will see an INCREASE in the Expected Rate of about 11-13 bps for next week. And, this INCREASE will have a NEGATIVE IMPACT on Benefit Amounts for next week. So, if you have applications or closings, we would suggest
TAKING APPLICATIONS AND SCHEDULING CLOSINGS NOW BEFORE RATES GO UP AGAIN NEXT WEEK SO THAT YOU CAN “LOCK-IN” HIGHER BENEFIT AMOUNTS BEFORE THEY DECREASE NEXT WEEK! As usual, new rates for next week will take effect on Tuesday, 3/31/26! We are providing this data to you so that YOU can continue to make the decisions that best suit your business based on the information you have!
If you have questions about this, please let me know! Thanks for the partnership and Good Selling!!!
