30-Year Fixed Mortgage Rate vs 2-Year Treasury Yield
30-Year Fixed Mortgage Rate is currently 6.6% (flat -0.0%). 2-Year Treasury Yield is currently 3.7% (down -0.3%).
| Metric | 30-Year Fixed Mortgage Rate | 2-Year Treasury Yield |
|---|---|---|
| Current value | 6.6% | 3.7% |
| Previous reading | 6.67% | 3.99% |
| Change | -0.0% | -0.3% |
| Trend | flat | down |
| Frequency | Weekly | Daily |
| Source | Freddie Mac | U.S. Treasury |
| Last updated | 2026-04-03 | 2026-04-04 |
| Category | rates | rates |
What 30-Year Fixed Mortgage Rate measures
The 30-year fixed mortgage rate is the average interest rate charged on a conventional 30-year home loan. It is the most common mortgage product in the U.S. and is closely tied to the 10-year Treasury yield.
At 6.64%, mortgage rates remain well above the sub-3% pandemic-era lows, creating a 'lock-in effect' where existing homeowners refuse to sell (and give up their low rate). For executives in real estate, construction, and financial services, elevated rates mean suppressed transaction volumes and reduced housing affordability. Consumer spending on housing-related goods (furniture, appliances, renovation) is also affected.
What 2-Year Treasury Yield measures
The 2-year Treasury yield reflects market expectations for short-term interest rates over the next two years. It is the most sensitive government bond to Federal Reserve policy changes.
The 2-year yield at 3.71% — well below the current fed funds rate of 4.50% — signals that markets expect the Fed to cut rates. The wider this gap, the more aggressively markets expect easing. For CFOs, short-term borrowing costs may decline sooner than long-term rates, favoring shorter-duration financing strategies.
Frequently asked
30-Year Fixed Mortgage Rate is currently 6.6%, flat -0.0% from the previous reading. Source: Freddie Mac, updated weekly.
2-Year Treasury Yield is currently 3.7%, down -0.3% from the previous reading. Source: U.S. Treasury, updated daily.
At 6.64%, mortgage rates remain well above the sub-3% pandemic-era lows, creating a 'lock-in effect' where existing homeowners refuse to sell (and give up their low rate). For executives in real estat The 2-year yield at 3.71% — well below the current fed funds rate of 4.50% — signals that markets expect the Fed to cut rates. The wider this gap, the more aggressively markets expect easing. For CFOs