Get Ready for Higher Mortgage Rates | Paper Source Online

Though both fell during the pandemic, the spread between 10-year Treasury yields and 30-year fixed mortgage rates widened beyond its usual range as a booming refinance market overwhelmed lenders, causing mortgage rates to fall less than yields. As a result, mortgage rates continued to fall even after yields began to rise in August.

Should Treasury yields continue to rise, mortgage rates will probably be done hitting historic lows.

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