MACRO & CAPITAL MARKETS
Macroeconomic Environment
Macro Rates, Fed MBS Holdings (SOMA), and National Prepayment Trends.
Macro Rates & Yields
2026-07-242-Year Treasury Constant Maturity Rate4.33%
2026-07-2410-Year Treasury Constant Maturity Rate4.69%
2026-07-2330-Year Fixed Rate Mortgage Average (PMMS)6.58%
2026-07-232-Year Treasury Constant Maturity Rate4.37%
2026-07-2310-Year Treasury Constant Maturity Rate4.71%
2026-07-222-Year Treasury Constant Maturity Rate4.31%
2026-07-2210-Year Treasury Constant Maturity Rate4.67%
2026-07-212-Year Treasury Constant Maturity Rate4.26%
2026-07-2110-Year Treasury Constant Maturity Rate4.63%
2026-07-202-Year Treasury Constant Maturity Rate4.21%
2026-07-2010-Year Treasury Constant Maturity Rate4.60%
2026-07-172-Year Treasury Constant Maturity Rate4.18%
2026-07-1710-Year Treasury Constant Maturity Rate4.55%
2026-07-1630-Year Fixed Rate Mortgage Average (PMMS)6.55%
2026-07-162-Year Treasury Constant Maturity Rate4.16%
2026-07-1610-Year Treasury Constant Maturity Rate4.57%
2026-07-152-Year Treasury Constant Maturity Rate4.13%
2026-07-1510-Year Treasury Constant Maturity Rate4.55%
2026-07-142-Year Treasury Constant Maturity Rate4.18%
2026-07-1410-Year Treasury Constant Maturity Rate4.58%
2026-07-132-Year Treasury Constant Maturity Rate4.26%
2026-07-1310-Year Treasury Constant Maturity Rate4.62%
2026-07-102-Year Treasury Constant Maturity Rate4.21%
2026-07-1010-Year Treasury Constant Maturity Rate4.56%
2026-07-0930-Year Fixed Rate Mortgage Average (PMMS)6.49%
2026-07-092-Year Treasury Constant Maturity Rate4.16%
2026-07-0910-Year Treasury Constant Maturity Rate4.54%
2026-07-082-Year Treasury Constant Maturity Rate4.21%
2026-07-0810-Year Treasury Constant Maturity Rate4.56%
2026-07-072-Year Treasury Constant Maturity Rate4.19%
Fed SOMA Holdings
2026-07-221,937,256,962,541.12,347,000,0006,356,127,853,425.2
2026-07-151,940,803,306,434.32,347,000,0006,354,496,725,040.4
2026-07-081,940,863,715,7772,347,000,0006,344,428,175,083.1
2026-07-011,940,863,715,7772,347,000,0006,334,472,175,083.1
2026-06-241,953,996,337,974.42,347,000,0006,344,345,567,445.7
2026-06-171,957,204,085,112.82,347,000,0006,347,528,314,584.1
2026-06-101,957,187,501,265.12,347,000,0006,340,878,782,284.8
2026-06-031,957,187,501,265.12,347,000,0006,331,014,782,284.8
2026-05-271,957,187,501,265.12,347,000,0006,324,463,782,284.8
2026-05-201,970,040,695,527.82,347,000,0006,334,049,133,676.1
National Prepayment Trends (NMDB)
2026-01-01outstanding - PCT_INTRATE_GE_631.4
2026-01-01outstanding - AVE_VANTAGESCR742
2026-01-01outstanding - AVE_INTRATE4.5
2026-01-01outstanding - PCT_INTRATE_GE_622.3
2026-01-01outstanding - PCT_TERM_FRM_3083
2026-01-01outstanding - PCT_TERM_FRM_3064.3
2026-01-01outstanding - PCT_MTMLTV_GT1000
2026-01-01outstanding - AVE_INTRATE4.2
2026-01-01outstanding - PCT_INTRATE_5_68.5
2026-01-01outstanding - PCT_INTRATE_GE_618.9
2026-01-01outstanding - PCT_TERM_ARM_1_45.6
2026-01-01outstanding - PCT_MTMLTV_LE6078.4
2026-01-01outstanding - PCT_TERM_FRM_3097.4
2026-01-01outstanding - PCT_MTMLTV_61_7011
2026-01-01outstanding - AVE_MTMLTV57.5
2026-01-01outstanding - PCT_MTMLTV_GT1000.2
2026-01-01outstanding - PCT_MTMLTV_GT1000.9
2026-01-01outstanding - AVE_INTRATE4.4
2026-01-01outstanding - AVE_MTMLTV41.4
2026-01-01outstanding - PCT_INTRATE_5_611.2
2026-01-01outstanding - AVE_MTMLTV45.1
2026-01-01outstanding - PCT_INTRATE_GE_622.1
2026-01-01outstanding - PCT_TERM_ARM_1_41.5
2026-01-01outstanding - PCT_TERM_ARM_1_40.4
2026-01-01outstanding - PCT_MTMLTV_LE6080.1
2026-01-01outstanding - PCT_MTMLTV_LE6056.7
2026-01-01outstanding - PCT_MTMLTV_61_708.5
2026-01-01outstanding - PCT_TERM_FRM_3083.6
2026-01-01outstanding - PCT_MTMLTV_61_708.5
2026-01-01outstanding - PCT_MTMLTV_61_707.5
2026-01-01outstanding - TOT_UPB2,677.8
2026-01-01outstanding - PCT_LOANS100
2026-01-01outstanding - TOT_UPB6,452.6
2026-01-01outstanding - TOT_UPB12,312.6
2026-01-01outstanding - TOT_UPB3,182.3
2026-01-01outstanding - PCT_LOANS100
2026-01-01outstanding - PCT_LOANS100
2026-01-01outstanding - PCT_MTMLTV_GT1000.1
2026-01-01outstanding - PCT_LOANS100
2026-01-01outstanding - PCT_UPB100
2026-01-01outstanding - PCT_UPB100
2026-01-01outstanding - AVE_INTRATE4.9
2026-01-01outstanding - PCT_UPB100
2026-01-01outstanding - PCT_UPB100
2026-01-01outstanding - PCT_INTRATE_5_616.7
2026-01-01outstanding - PCT_INTRATE_5_612.2
2026-01-01outstanding - AVE_MTMLTV40.9
2026-01-01outstanding - PCT_MTMLTV_LE6074.3
2026-01-01outstanding - PCT_TERM_ARM_1_40.5
2026-01-01outstanding - AVE_VANTAGESCR763
Z.1 Flow of Funds: U.S. Mortgage Debt
2026:Q1$14,818,207
2025:Q4$14,774,824
2025:Q3$14,668,891
2025:Q2$14,543,748
2025:Q1$14,419,296
2024:Q4$14,360,991
2024:Q3$14,245,239
2024:Q2$14,129,849
2024:Q1$14,017,844
2023:Q4$13,971,859
2023:Q3$13,876,381
2023:Q2$13,751,345
2023:Q1$13,650,570
2022:Q4$13,587,914
2022:Q3$13,427,896
2022:Q2$13,203,812
2022:Q1$12,923,374
2021:Q4$12,675,062
2021:Q3$12,420,033
2021:Q2$12,176,666