Sellers are beginning to let go of historically low mortgage rates and buyers are re-entering the market–but are more cautious and discerning than in years past, according to Coldwell Banker Real Estate, Madison, N.J.
Tag: Mortgage rates
Chart of the Week: Mortgage Rates, 10-Year Treasury and 30-10 Spread
The spread between mortgage rates and Treasury rates is impacted by several factors, including the level of interest rate volatility and the relative demand/supply balance of the two types of securities. In recent months, rate volatility has diminished, as the future course of monetary policy has become clearer and financial markets have been relatively calm. Last week’s announcement that the GSEs will increase their purchases of MBS brought the spread in further, and mortgage rates dropped further over the course of the week.
MBA Chart of the Week: 30-Year Fixed Mortgage Rate and 10-Year Treasury Yield
This week’s Chart of the Week examines the spread between the 30-year fixed mortgage rate and 10-year Treasury yield.
Mortgage Rates Fall to Record Low
The 30-year fixed-rate mortgage averaged 2.86 percent last week, the lowest rate since at least 1971, reported Freddie Mac, McLean, Va.