Where rates have been. Where they might go.
The chart below tracks the Freddie Mac 30-Yr and 15-Yr fixed averages alongside the 10-Yr Treasury — the bond market's best proxy for where mortgage rates head next. Use it to spot the trend before locking in.
- 30-Yr Fixed
- 15-Yr Fixed
- 10-Yr Treasury
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Why the 10-Yr Treasury matters
Mortgage rates and 10-Yr Treasury yields move together because most 30-Yr loans are bundled and sold to investors who price them off Treasuries. When the bond market rallies, mortgage rates usually follow within days.
PMMS is a market average, not a quote
Freddie Mac's Primary Mortgage Market Survey is the industry's reference benchmark — useful for spotting trends, but it's not what any specific lender will quote you. Your locked rate depends on credit, LTV, points, lock period, and program.
Lock or float?
Trend matters more than the headline number. If rates have been falling for several weeks, floating may pay off; if Treasuries are climbing fast, locking now likely beats waiting. Call us — we'll review your situation in 10 minutes.
30-Yr & 15-Yr Fixed: Freddie Mac PMMS via FRED (weekly, Thursdays). 10-Yr Treasury: FRED DGS10 (daily, business days). Indicative market averages, not Summit Lending Group's wholesale pricing. Call (843) 900-1254 for a personalized quote.