One Rental At A Time BREAKING NEWS: Mortgage Rates Go Sub 6% AGAIN!!!
Feb 24, 2026
Breaking news on mortgage rates dipping below 6% and the market forces behind the move. The narrowing spread between the 10-year note and 30-year mortgages gets explained. Discussion of sector sell-offs, factory orders, and Fed signals about possible rate cuts. Housing activity, relistings, home price trends, and shifts in inventory and pending sales are highlighted.
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Spread Compression Pushed 30-Year Rates Sub 6%
- Mortgage rates dropped below 6% largely because the spread between the 10-year Treasury and 30-year mortgage narrowed toward its long-run average.
- The spread peaked near 3.08% and has fallen to below 2%, moving closer to the historical average of 1.85% and easing mortgage costs.
AI Fear Lowered Market Risk Premiums
- Equity market fear, especially in software and financials from AI disruption, reduced risk appetite and helped push mortgage rates down.
- The host cited IBM's 12–13% collapse after Anthropic's agent threatened legacy programming revenue as an example.
Fed Officials May Cut If January Jobs Are Revised
- Fed officials are openly questioning the January jobs report and signaling conditional support for a March rate cut if revisions reduce payroll strength.
- Fed President Waller said he would support a March cut if the January jobs number is revised away, implying policy hinges on data revisions.