Abair Team Mortgage Pros

10/10/2026

📊 Rate Check: What These Charts Are Telling Us About Mortgage Rates Right Now
Here’s a quick breakdown of the three charts and what they mean for your home loan:

The Yield Curve (10-Year minus 2-Year)
The long-watched 10y-2y spread has finally moved back into positive territory after a long stretch of inversion. That’s a sign the market is pricing in a more “normal” curve again — less recession panic, more focus on sticky growth and inflation risks. Historically, a sustained positive spread has been a healthier backdrop, but it doesn’t automatically mean lower mortgage rates.
The 10-Year Treasury Yield
The 10-year has been climbing hard and is now hovering in the mid-5.20s — levels we haven’t seen since the early 2000s. Mortgage rates track the 10-year closely (plus a spread). When the 10-year rises, 30-year fixed rates almost always follow. Recent 30-year mortgage rates have been in the mid-to-high 7% range as a result.
Mortgage-Backed Securities (UMBS 30-Year 6.5%)
MBS prices have been sliding. When MBS prices fall, the yield investors demand rises — and that extra cost gets passed through to borrowers as higher mortgage rates. The drop in MBS prices has amplified the move higher in rates beyond what the Treasury yield alone would suggest.

Bottom Line & Most Likely Path Forward

Mortgage rates are elevated mainly because:

• Long-term Treasury yields have risen on stronger growth expectations, higher term premium, and ongoing supply

• MBS spreads remain wider than ideal
Most likely near-term outlook:

Rates are more likely to stay elevated or drift slightly higher in the short run unless we get a clear slowdown in economic data or a meaningful drop in the 10-year. A sustained move lower in the 10-year (back toward 4.75–5.00%) would be needed to meaningfully pull 30-year fixed rates back under 7%. Until then, expect volatility and a “higher-for-longer” tone for mortgage rates.
Thinking about locking or floating? Reach out — happy to run the numbers for your specific situation.
Paul Abair

NMLS # 1185711 | People’s Bank & Trust

Cell: (719) 650-8019

[email protected]

09/25/2026

09/22/2026

Now offering Dual Core Loans

09/22/2026

A low appraisal can be stressful, but it doesn’t necessarily mean you have to walk away from the home. If the appraisal comes in below the purchase price, you may still have options, from renegotiating the price to exploring different financing solutions. The right path depends on your appraisal, ...

07/28/2026

Rates are rising. Appraised values in many markets are softening.
If you own a $1M+ home, the window to pull equity on strong terms is narrowing.
Cash-out now can:
• Lock in today’s rates before they climb further
• Consolidate high-interest debt and free up monthly cash flow
• Build liquidity for future opportunities — before lower appraisals shrink what you can access
The overlooked factor? Your LTV cap.
Example: $1.2M home, $700K balance.
At an 80% LTV limit, a 10% drop in value still leaves solid cash available.
At a 70% LTV limit (common on jumbo loans), that same 10% drop can slash available cash by more than half.
The LTV limit your lender uses can matter as much as the change in home values itself.
Timing equity extraction is starting to feel like catching a falling knife.
Happy to run the numbers on your specific situation if useful.

07/14/2026

What Is the ELEVATE GRANT?
The ELEVATE GRANT is a down payment assistance program for renters, offered through Orion Lending, available on both FHA and Conventional financing.
Here's how it works: the grant funds 3.5% of your loan amount on FHA, or 3% on Conventional, applied directly toward your down payment. There's no repayment required — the grant is simply satisfied after 6 consecutive on-time payments.
To qualify, you'll need a minimum 640 FICO. First-time buyers are welcome but not required, and there's no second lien involved. Bottom line — if you've been renting and assumed a down payment was years away, it's worth finding out for sure.
Send me a message with where you're at, and I'll tell you exactly what the ELEVATE GRANT could look like for you.

07/14/2026

Rates improve a bit today after losing ground yesterday.

07/13/2026

Rates go higher today (22 bps worse) ahead of a busy week of economic news that likely will have little affect on the current trajectory rallied by headlines of continued conflict at the Strait of Hormuz that restricts energy and commerce and produces global inflationary pressures. If you are contracting soon to purchase a home - ask for seller-paid concessions and/or temporary, and/or permanent rate buy downs. Connect with me if you are an agent or buyer and want to better understand how to negotiate for these. Rates are likely now to worsen another 50 bps before they reach the next technical support level. The recommendation is to lock in your financing sooner than later.

07/10/2026

VA updates home loan appraisal requirements to help Veterans compete in today’s housing market - VA News

Updated home loan appraisal requirements reduce delays, cut outdated rules, and help Veteran homebuyers move faster in a competitive housing market.

07/10/2026

100% LTV home financing for medical community.