04/26/2024
If you want the inside scoop on when mortgage rates will go up or down, focus on these 2 indicators........
First up, inflation.
It's all about the cost of living and how prices for goods and services are on the rise.
As inflation accelerates, so do mortgage rates.
Now, onto the 10-year Treasury Yield.
It might sound complex, but it's essentially a government account that affects mortgage rates directly.
Mortgage lenders look at this yield as a benchmark to set their own rates.
So, when the yield climbs, mortgage rates typically follow suit.
Shoot me a DM with any questions about rates, programs, real estate, anything! If I don’t know the answer, I promise I know someone that will 💪