Welcome to this week’s edition of the SimpleReverse Weekly Market & Interest Rate Update for the week ending 7/24/26! 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 moved higher this week, approaching the 6.6% range, while the 10YR CMT remains elevated, trading near the 4.65%-4.70% range this week.
The markets continue to experience volatility as investors digest mixed economic data, persistent inflation concerns and heightened geopolitical tensions. The US economy remains resilient, but inflation concerns remain high.
Inflation has moderated from its peak, but escalating tensions in the Middle East have pushed oil prices higher, reigniting inflationary pressures. New home sales increased modestly last month, but the housing market still faces affordability challenges as rates remain elevated. Markets continue to expect the FED to proceed cautiously since economic data remains stronger than expected, but inflation concerns remain sticky. The FED continues to emphasize that future rate decisions will remain data dependent on future numbers and until then, expect bond markets to remain volatile.
For Reverse Mortgage Professionals, it remains important to do the right thing for your clients and show them how the benefits of a rising line of credit, no required payments and a tool like a reverse mortgage can help them combat rising costs, diminishing purchasing power and increasing volatility in the markets. Focus on becoming an advisor instead of a “product-pusher” to help them find the best financial solutions and strategies in retirement; while also selling financial security through strategic uses of home equity.
10YR CMT Interest Rate Projection for Next Week:
The 10YR CMT currently sits at 4.57% for this week and made a big move up this week. We will see an
increase of around 7-9 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 an INCREASE in the Expected Rate of 7-9 bps for next week. As mentioned above, this INCREASE will have NO IMPACT on Benefit Amounts 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, rates for next week will take effect on Tuesday, July 28! We are providing this data 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!!!
