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Rates are finally catching up to yields
The 10-Year Treasury yield has been on the rise. As of yesterday, yields floated around 1.36% after staying below 1% for nearly all of 2020.
Major sell-off in Treasury bonds
Both rates moved up this week, with the 30-year mortgage on the cusp of hitting the 3% mark. The 30-year fixed rate mortgage increased 13
Stocks soar in February but Investors fear a repeat of the 2000 dot.com bubble
.Rates had a slight push this week. The 30-year fixed rate mortgage increased 2 basis points to 2.83% while the 15-year fixed rate mortgage increased
Inflation scares and how they could affect mortgage rates
Rates experienced a small uptick the first week of February with the 30-year fixed rate mortgage gaining 1 basis point while the 15-year increased by
Housing prices soar to 6-year highs but the NAHB may have a solution
Rates followed Treasury yields when they fell upon news of Biden’s struggles pushing his $1.9 trillion stimulus plan. The 30-year fixed rate mortgage dropped 7
Highest number of refinance applications since pandemic began
Mortgage bonds finally closed the gap between them and Treasury yields (with only a small cushion remaining), making rates a lot more susceptible to change.
Will rates keep rising in 2021?
Rates had a lot of momentum the first week of January, even more so than in June when the refinance fee was first introduced. The
Millennial and Generation X buyers drive up home prices
Rates maintained their record-breaking levels from last week, remaining nearly 1% below last year’s levels. This week, the 30-year fixed rate mortgage held steady at
An overview of 2020 (and sneak peek of 2021)
Despite some turbulence from year-end trading, rates continued their downward march. Interest rates on both mortgage products fell, with the 30-year fixed rate mortgage dropping
Housing projections for 2021
Markets had already priced in the possibility of a stimulus bill, so rates were little affected by news of the actual event. The 30-year fixed
How is the Fed meeting going to affect rates?
Rates have once again fallen to the all-time lows we saw earlier this year in August 2020. The 30-year fixed rate mortgage and the 15-year
Mortgage bonds are beating out U.S. Treasury bonds
Rates are staying low despite Treasuries’ lift-off in December. The 30-year fixed rate mortgage fell 2 basis points to 2.80% while the 15-year held at