Mortgage Rates Jump Again, Now up 0.75% Since Start of The War
Mortgage News Daily • • business
Key Points:
- The bond market experienced significant selling pressure in the first two hours of trading, pushing 10-year Treasury yields to their highest level in over a year.
- Mortgage-specific bonds have outperformed Treasuries recently due to increased purchase demand from Fannie Mae and Freddie Mac.
- Higher demand for mortgage bonds generally leads to relatively lower mortgage rates compared to Treasury yields.
- As a result, mortgage rates have not risen as sharply as Treasury yields over the past six months.