Mortgage Mix: Better Times May Be Ahead
The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon.
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The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon.
However, trackers from Optimal Blue and Zillow found that rates moved in line with the drop in the 10-year Treasury yield.
This was the fifth week in a row the Freddie Mac Primary Mortgage Market Survey reported a decline in the 30-year rate after peaking at 7.08%.
But the static weekly data in the Freddie Mac survey does not accurately portray the volatility in the market in recent days.
Following the Consumer Price Index release, the 10-year Treasury yield broke through 4%, making continued increases likely.