Welcome to this week’s edition of the SimpleReverse Weekly Market & Interest Rate Update for the week ending 4/17/26! 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:
Mortgage rates moved down slightly this week hovering around the 6.3% range and the 10YR CMT saw some slight downward movement this week as well.
Initial jobless claims declined this week, continuing to signal a steady labor market. Retail sales figures also came in stronger than expected. While good news for the economy, indicating that consumers are still spending; both of these reports are “not so good news” for interest rates as these both put the FED under less pressure to cut rates in the short term.
We continue to have geo-political tensions in the middle east causing a disruption in energy prices and adding some additional inflationary pressures, but some of this could be eased in the coming weeks with Iran’s recent reopening of the Strait of Hormuz that could start to bring oil prices back down. All of this to say that the FED continues in it’s “wait and see” approach, further diminishing the markets expectations of any rate cuts in the near term.
For Reverse Mortgage Professionals, it continues to be important to shift the conversation away from 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 4.31% for this week, but it has moved down slightly this week. We will see a
decrease of around 2-4 bps
in the Expected Rate next week! However, this will have
NO IMPACT on the Expected Rate and will result in the SAME Benefit Amounts next week!
Based on the data from this week, we will see a DECREASE in the Expected Rate of about 2-4 bps for next week. However, this DECREASE will have NO IMPACT on Benefit Amounts for next week. So, if you have applications or closings, there will be
NO DIFFERENCE IN BENEFIT AMOUNTS FOR YOUR CUSTOMERS FROM THIS WEEK TO NEXT WEEK! As usual, new rates for next week will take effect on Tuesday, 4/21/26! 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!!!
