Well, this is a nice surprise! I get to report that last week, average mortgage rates improved for both the 30-year fixed and 15-year fixed, according to Freddie Mac’s weekly survey of rates. So, what gives? We saw the yield percentage on the 10-year Treasury fall and when that happens, often mortgage rates will follow
It’s been quite a week so far as mortgage rates continue to move higher in response to the yield percentage on the 10-year Treasury note rising rather rapidly. What’s happening? The markets are responding in large part to rising inflation concerns and increased government spending which increases the amount of bonds on the market, driving
Interested to know what’s expected for the new year in terms of real estate and mortgage rates? Me too! I’ve been reading up on what the experts I respect see happening in the new year and one foundational theme I’m seeing is that we could see some shifting and changing in housing and mortgages in
