Mortgage rates saw a slight decrease last week following a jobs report that came in lower than anticipated. This decline in rates was supported by a drop in the 10-year Treasury yield, which was influenced by the same report. As the market adjusted to the new data, borrowers may find slightly more favorable terms for their home loans.
Key points:
– Mortgage rates experienced a slight decrease
– Jobs report came in lower than expected
– 10-year Treasury yield fell after the report
– Borrowers may benefit from improved terms on home loans
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-ease-as-the-labor-market-cools/(subscription required)
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