Welcome to this week’s edition of the SimpleReverse Weekly Market & Interest Rate Update for the week ending 4/24/26! 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 continue to however around the 6.3% range and the 10YR CMT appears to have leveled off as well in the 4.3% range for the past couple of weeks.
As we head into late April, we are seeing a perfect storm of easing geopolitical tensions and a bond market that is finally settling into a rhythm. The extended ceasefire in the middle east and de-escalation of tensions has given the markets a “sigh of relief” that has led to a drop in oil prices, easing the primary factor driving recent inflation fears.
Even though the FED is keeping rates steady for now, the “higher for longer” narrative is now being challenged. Investors are regaining confidence that inflation will maintain its downward trajectory for the remainder of the year. This is shifting the conversation once again towards the timing of rate cuts later this year versus whether they will happen at all.
For Reverse Mortgage Professionals, with recent new data from NAR confirming that 42% of all current homebuyers are seniors, now is the time to call your realtors to educate them on the benefits of the Reverse for Purchase. It’s also important to continue 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 4.29% for this week, and has leveled off this week. We will see a slight
increase of around 1-3 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 slight INCREASE in the Expected Rate of about 1-3 bps for next week. However, this INCREASE 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, 4/28/26! 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!!!
