Mortgage Rates are Driven Higher by Rising Treasury Yields

Washington Post, Sept. 30, 2021–Kathy Orton
The days of 30-year fixed mortgage rates below 3 percent may be gone for good. For nearly two months, fixed mortgage rates remained in a tight range, refusing to budge. This week, rising Treasury yields caused them to finally break out of their doldrums. (MBA mention)
https://www.washingtonpost.com/business/2021/09/30/mortgage-rates-are-driven-higher-by-rising-treasury-yields/