Are you concerned about the future of mortgage rates? Allow us to break it down for you!Understanding the link between the 30-Year Mortgage Rate and the 10-Year Treasury Yield can be.
Understanding the link between the 30-Year Mortgage Rate and the 10-Year Treasury Yield! ~ Cassie Dealy and James Trano
Dated: July 26 2023
Views: 138
Are you concerned about the future of mortgage rates? Allow us to break it down for you!
Understanding the link between the 30-Year Mortgage Rate and the 10-Year Treasury Yield can be beneficial. These two variables have historically moved in lockstep, with an average spread of 1.72 percentage points during the last 50 years. Mortgage rates tend to rise when the Treasury Yield rises, and they tend to fall when the Yield falls. However, due to market uncertainty, the disparity between the two is currently widening beyond the average.
But there is some good news! Based on the historical spread, mortgage rates have potential to rise today. According to experts, as long as inflation is low, the spread and mortgage rates may fall in the second half of the year. Although rates may not revert to their historical average, there is a chance that they will fall, creating opportunities for homebuyers like you!
According to Forbes, while interest rates may remain elevated due to economic uncertainties and Federal Reserve policies, they may fall later this year, barring any unexpected surprises. As a first-time home buyer or an existing homeowner looking to move to your dream house, staying educated about mortgage rates and expert estimates will help you make smart selections.
Don't let the details overwhelm you! Keeping an eye on mortgage rates and expert advice can help you on your home-buying journey.
If you have a mortgage expert available to you, contact them for guidance on where interest rates are going. If you are in need of a mortgage expert, we have several options for you to choose from.
Here is some information about us...click here!
Cassie Dealy, REALTOR® and James Trano, REALTOR®
James Trano
Hello! I'm James Trano, REALTOR® and residential sales associate with Senné RE in our Arlington MA office. I began my life in real estate more than ten years ago. I have had the pleasure of....
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