Can Mortgage Rates Fall Below 3%? The Answer Depends on Treasury Rates

June 4, 2020

Bankrate.com, June 4, 2020–Jeff Ostrowski
If Treasury rates stay low and lenders work through their backlog of refinance applications, mortgage rates could indeed plummet below 3 percent, says MBA Chief Economist Mike Fratantoni. But that’s not what he expects. MBA forecasts that rates will stay in the 3.4 percent range.
https://www.bankrate.com/mortgages/mortgage-rates-treasury-spread/