Mortgage rates are anticipated to decline this week, driven by the recent drop in the 10-year Treasury yield, which has fallen below 4.3% for the first time since September. This drop in rates is expected to have a positive impact on the housing market and provide a window of opportunity for potential homebuyers and those looking to refinance their current mortgages. The following key points summarize this market development:
– Mortgage rates are projected to decrease this week.
– The drop can be attributed to the decline in the 10-year Treasury yield.
– The 10-year Treasury yield has fallen below 4.3%, reaching a level not seen since September.
– This decline is expected to stimulate the housing market.
– Homebuyers and those seeking to refinance could benefit from lower mortgage rates during this period.
Overall, this shift in mortgage rates presents a favorable environment for borrowers and could potentially drive increased activity in the housing market.
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-fall-to-levels-not-seen-since-september/(subscription 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.
