Below, my colleague, Andrew Barber, put together a chart that overlays the long term chart of fixed mortgage rates with its spread to 10 year Treasury yields.
This morning the 30 year fixed mortgage rate hit a new short term high of 6.37%. As access to capital continues to tighten, these rates can go a lot higher. Historical context makes this point crystal clear.
Don’t forget that over 70% of new home loans in this country are either bought or guaranteed by US government sponsored issuers.
KM
This morning the 30 year fixed mortgage rate hit a new short term high of 6.37%. As access to capital continues to tighten, these rates can go a lot higher. Historical context makes this point crystal clear.
Don’t forget that over 70% of new home loans in this country are either bought or guaranteed by US government sponsored issuers.
KM
