How the Coronavirus Scare Could Lower Mortgage Rates, Jan. 28, 2020–Kevin Hamilton
Jittery investors are funneling their money into the safety of U.S. Treasury bonds rather than volatile stocks. As the demand for Treasuries rises, their yields decrease. What does that have to do with the housing market? Historically, 30-year fixed mortgage rates have closely followed the yield of 10-year Treasuries, which have been dropping to their lowest levels since October.