Today, in the Newsletter: Mortgage Rates Increasing
Excerpt:
With the ten year yield close to 1.50%, and based on an historical relationship, 30-year rates should currently be around 3.4%.
Mortgage News Daily reports that the most prevalent 30 year fixed rate is now at 3.13% for top tier scenarios. So mortgage rates are a little lower than expected.
The graph shows the relationship between the monthly 10 year Treasury Yield and 30 year mortgage rates from the Freddie Mac survey.
