What’s good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in the bond market, pushing bond yields to the highest level since March. Mortgage rates loosely follow the yield on the 10-year Treasury.
Source link
Related Posts
Mortgage rates spike on shocking jobs report
Homebuyer mortgage demand spikes to 11-year high, as rates hit another record low
Home purchase sentiment index falls after all-time high
Here are five charts tracking the U.S. economy amid the coronavirus pandemic
Southern California housing prices will fall, some experts say. The question is how much
Weekly mortgage applications show real recovery in homebuying, as interest rates set another record low