Mortgage rates continued to increase this week as treasury yields have risen. The 10-year treasury note crossed the 4% threshold, increasing the likelihood and urgency of homeowners needing to refinance their current mortgages. This rise in rates is being attributed to a number of economic factors, resulting in Americans feeling the pinch and need to act fast.

The recent closures of state economies, combined with the worldwide economic uncertainty caused by COVID-19, have had a direct effect on 10-year treasury yields. Rising prices of commodities, such as oil, are also leading to an increase in the number of global investors seeking a safe haven, further driving up treasury yields.

The most important elements of this text include:
• 10-year Treasury yield crossing 4% threshold: treasury yields have risen, increasing the necessity of needing to refinance mortgages.
• Closures of state economies from COVID-19: the uncertainty caused by COVID-19 has had a direct effect on 10-year treasury yields.
• Rising prices of commodities: Oil prices increases have also led to a number of global investors looking for a safe haven, driving up the treasury yields.

You can read this full article at: required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.