The 2 Reasons Mortgage Rates are at All-Time Highs (one not so obvious)
Mortgage rates have reached their highest point in the past 15 years, creating concerns for homebuyers and homeowners alike. While it’s well-known that mortgage rates are closely related to yields on 10-year treasury bonds, there’s more to the story than meets the eye.
This article delves into the two key factors driving the recent surge in mortgage rates – one of which may not be quite so obvious. Understanding these factors will help you make informed decisions about your mortgage amidst these uncertain times.