Seth Jacobs

Licensed Mortgage Originator in Maine NMLS #249610 Company NMLS#12007 $GME 🏴‍☠️

[Seth Jacobs @sethalanjacobs]

https://t.co/uUnZNBJI2B

[Seth Jacobs @sethalanjacobs]

@RoaringSensei @CGasparino 🤣🤣🤣

[Seth Jacobs @sethalanjacobs]

@DJK1592 @TheUltimator5 👍

[Seth Jacobs @sethalanjacobs]

Mortgage Snapshot — Thursday, June 4, 2026

30yr fixed: 6.52% (change not available)
15yr fixed: 5.88% (+3 bps DoD)
10yr Treasury: 4.49% (-1 bp DoD)

Market color: Rates are holding in a tight range as markets digest sticky inflation (April CPI at 3.8%) and ongoing Iran/Middle East peace talk headlines, with the Fed widely expected to hold at its June 16-17 meeting. Treasury yields drifted slightly lower today after stronger labor data earlier in the week reinforced expectations of tighter Fed policy for longer.

[Seth Jacobs @sethalanjacobs]

Mortgage Snapshot — Wednesday, June 3, 2026

30yr fixed: 6.60% (+4 bps DoD) — per Mortgage News Daily top-tier scenario
15yr fixed: 5.78% (+3 bps DoD)
10yr Treasury: ~4.46% (above 4.45%, up from prior session)

Market color: Rates reversed higher today as the 10yr yield broke above 4.45%, with markets reacting to geopolitical risk (Iran/oil) and a hot March CPI print (3.3% YoY) keeping the Fed in hold mode. June cut odds have deteriorated meaningfully, pressuring MBS.
Other survey averages for cross-reference: Bankrate 6.56%, Zillow 6.37%, Mortgage Reports 6.56% — the spread reflects methodology differences.

[Seth Jacobs @sethalanjacobs]

@RJ74120113 The Algo needs him.

[Seth Jacobs @sethalanjacobs]

@ShaunFitzzzy Let’s get 20.50 over with today so we can begin the ride to Valhalla.

[Seth Jacobs @sethalanjacobs]

@ShaunFitzzzy 😆

[Seth Jacobs @sethalanjacobs]

Mortgage Snapshot — Monday, June 1, 2026 (PM Update)

30yr fixed: ~6.44% MND (−2 bps DoD); Bankrate avg 6.56%
15yr fixed: ~5.73% (−2 bps DoD); Bankrate avg ~5.82%
10yr Treasury: ~4.44% (−3 bps DoD, near 2-week lows)

Market color: Yields eased to multi-week lows after reports of a preliminary US–Iran agreement to extend the ceasefire 60 days and open nuclear talks, easing geopolitical risk premium. Rates still hold a slight uptick on the month; traders now pivot toward the June 16–17 FOMC.

[Seth Jacobs @sethalanjacobs]

@ShaunFitzzzy June is most likely going to be more of it. Another 30 days of consolidation. 😔

[Seth Jacobs @sethalanjacobs]

Mortgage Snapshot — Friday, May 29, 2026

30yr fixed: 6.48% (-3 bps DoD)
15yr fixed: 5.81% (-4 bps DoD)
10yr Treasury: 4.46% (down from ~4.50% prior session; extending pullback from May 20 high of 4.70%)

Market color: Rates eased into Friday as Treasury yields continued to retreat from mid-May highs on softer inflation prints and renewed optimism around a Middle East ceasefire. Sticky CPI (April at 3.8% YoY) and uncertainty around new Fed Chair Kevin Warsh ahead of the June 17–18 FOMC keep the tone cautious — headline-sensitive market until then.

[Seth Jacobs @sethalanjacobs]

@GregIsKitty @TheRoaringKitty 😆

[Seth Jacobs @sethalanjacobs]

@mikeys_money @ernsx88 I swear the simulation/tin fuckery is making us all insane. Push the Button RC.

[Seth Jacobs @sethalanjacobs]

Mortgage Snapshot — Thursday, May 28, 2026

30yr fixed: 6.34% (–4 bps DoD, per Zillow; MND top-tier index ~6.61%)
15yr fixed: 5.77% (–4 bps DoD)
10yr Treasury: ~4.47–4.50% (roughly flat to +2 bps)

Market color: Rates ticked lower for a third straight session as the 10yr pulled back from a recent 16-month high near 4.70%, helped by softer energy prices and progress signals on a US–Iran peace framework. Traders are now positioned ahead of the PCE inflation print, with markets pricing roughly a coin-flip chance of a Fed hike by December and Kashkari reiterating that inflation remains the Fed's top concern.
Note: Source averages diverge today (Zillow 6.34%, Optimal Blue/Fortune 6.47%, Bankrate 6.59%, MND top-tier 6.61%) — methodology and credit-tier differences explain the spread.

[Seth Jacobs @sethalanjacobs]

Mortgage Snapshot — Wednesday, May 27, 2026 (intraday update)

30yr fixed: 6.49% (Zillow) / 6.51% (Optimal Blue, -5 bps DoD) / 6.61% (MND daily index)
15yr fixed: 5.87% (-1 bp DoD)
10yr Treasury: ~4.48% (-1 to -2 bps from yesterday's close near 4.50%)

Market color: MBS opened firm but the rally stalled — MND is calling it a "very small token pull-back" with a quiet bond tape today after yesterday's big move on US–Iran peace-deal optimism. Rates are essentially holding yesterday's gains rather than extending lower; no fresh catalysts, and inflation/geopolitical risks are still capping the upside. Watch tomorrow's data and any headline shifts from the Middle East for the next leg.
Note: Source dispersion remains wide on the 30yr (Zillow 6.49% / Optimal Blue 6.51% / MND 6.61% / Bankrate ~6.62%) — methodology differences, not bad data. Use whichever benchmark matches your shop's pricing reference.

[Seth Jacobs @sethalanjacobs]

@mia_wig @ThePPseedsShow 💯

[Seth Jacobs @sethalanjacobs]

@TheUltimator5 @MMTLP4ME88 🤣🤣

[Seth Jacobs @sethalanjacobs]

@TapeTorque the vote was moved to July though.....

[Seth Jacobs @sethalanjacobs]

Mortgage Snapshot — Tuesday, May 26, 2026

30yr fixed: 6.46% (+12 bps DoD)
15yr fixed: 5.91% (+1 bps DoD)
10yr Treasury: ~4.51% (change not available; longer end of curve under pressure, 30yr near 5.19%)

Market color: Rates ticked back up as Treasury yields climbed on renewed inflation worry — April CPI hit a 3-year high and the Iran War is pushing oil prices and long-end yields higher. The Fed held the funds rate at 3.50–3.75% at its last meeting, but the FOMC split 8-4, signaling growing dissent over whether to hike if inflation reaccelerates.