Today, in the Calculated Risk Real Estate Newsletter: Mortgage Rate Update
A brief excerpt: A year ago, I wrote Mortgage Rates: Moving on Up and 30-year mortgage rates had only increased to 3.625%!
Now, Mortgage News Daily reports that the most prevalent 30-year fixed rate is now at 6.14% for top tier scenarios. Usually there is a fairly steady spread between the ten-year Treasury yield and 30-year mortgage rates, although – as housing economist Tom Lawler explained in Mortgage/Treasury Spreads, Part I and Part II – the spread has widened due to several factors including volatility and pre-payment speeds.There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/