**WTMS Blog Today = What’s up in Mortgage Today (AM) – 8/15/25** Mortgage-backed securities are experiencing modest volatility this morning as markets digest recent economic data and Fed policy expectations. The UMBS market is showing mixed signals with traders cautious ahead of upcoming economic releases. GNMA securities are reflecting similar uncertainty as investors weigh inflation concerns against potential rate stabilization. The 10-year Treasury is hovering near recent levels as bond markets search for direction amid conflicting economic signals. Mortgage rates remain elevated compared to historical norms, with lenders adjusting pricing based on secondary market conditions. The spread between mortgage rates and Treasury yields continues to reflect credit risk premiums and liquidity concerns in the MBS market. Economic data releases this week are expected to influence bond market sentiment significantly. Housing market indicators suggest continued pressure on affordability as mortgage rates remain at multi-year highs. Origination volumes are reflecting the challenging rate environment with many lenders adjusting their business models accordingly. The mortgage origination industry continues to face headwinds from reduced refinance activity and purchase market challenges. Lenders are focusing on operational efficiency and niche market opportunities to maintain profitability. Technology investments and streamlined processes are becoming increasingly important for competitive positioning. Real estate sales activity remains constrained by affordability issues and limited inventory in many markets. Home price appreciation has moderated but remains elevated relative to income growth in most regions. Market participants are closely monitoring seasonal patterns and regional variations in activity levels. Subscribe to get this critical mortgage market intelligence delivered to your inbox daily, for free, and stay ahead of the trends that matter most to your business.
