It has been a volatile year for mortgage rates, as national economic concerns and investment trends have pushed yields higher and lower. This past Thursday, we saw the 10-year Treasury yield close at 4.25%, which is above a key level for mortgage rates.
This raise in yield has made many in the mortgage industry wonder if we are about to see a return to the days of 8% mortgage rates. In order to get an answer, it is important to dig deeper into the underlying forces in the mortgage market.
Key Elements:
• 10-year yield closed above key level of 4.25%
• Causes concern in mortgage industry
• Volatility in mortgage rates due to national economic concerns and investment trends
• Possible return to days of 8% mortgage rates
You can read this full article at: https://www.housingwire.com/articles/the-first-real-test-of-mortgage-rates-will-they-hit-8/(subscription required)
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