Latest / Kyler Hood's DFW Market Brief
DFW Market Brief, Episode 23 — Friday, October 23, 2026
A history lesson: the 30-year fixed from 1975 to 2025, and why the years near 3 percent were the anomaly, not the baseline. The two zero-rate eras were policy choices, not market gravity, and the practical read is to watch the 10-year Treasury, not the Fed press conference.
The numbers from this episode:
30-year fixed, federal funds rate, and 10-year Treasury yield, 1975 to 2025 (Board of Governors of the Federal Reserve System; Freddie Mac via FRED)
Zero-rate eras shaded as anomalies: roughly 2008 to 2015 and roughly 2020 to 2022
Early 1980s: the 30-year fixed sat in double digits
Sources…
The skinny
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