Mortgage Rates Center Archives

Mortgage rates rise following a surge in Treasury yields

March 27, 2024 mpsingh No Comments Real estate Federal Reserve, Housing Inventory, Mortgage, Mortgage Rates Center, rates, rise, surge

Mortgage rates rose this week as the yield on the benchmark 10-year Treasury note inched up. As of Monday, the yield on the 10-year U.S. Treasury note was about 4.25%, according to Tradeweb, up from 3.86% at the end of last year. As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate [...]read moreMortgage rates rise following a surge in Treasury yields

Where are home prices headed this spring?

In addition, we can see the price reductions ticking up each week. They aren’t at a scary level, people are buying homes, but it’s notably softer on pricing than last year at this time. Mortgage rates seem to have finally settled down. The Fed met last week and we escaped dramatic changes in the markets. [...]read more