In recent industry news, there has been a notable shift in the spreads between the 10-year Treasury rates and mortgage rates. Traditionally, this difference has fallen within a range of 1.60% to 1.80%, however, the current spread has widened to 2.60%. This significant increase has raised eyebrows among industry experts and homeowners alike, sparking discussions about the potential implications for the housing market and the overall economy.
Key takeaways from this development include:
– Historically, the spread between 10-year Treasury rates and mortgage rates has remained relatively consistent at 1.60%-1.80%
– The current spread has expanded to 2.60%, signaling a departure from the norm
– The widened gap between these rates has led to speculation about the potential impact on housing affordability and consumer borrowing trends.
You can read this full article at: https://www.housingwire.com/articles/are-mortgage-rates-about-to-fall/(subscription required)
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