Is the era of super-low mortgages over?
The value of the benchmark 10-year Treasury note is down, amid signs the U.S. economy is gathering strength. The yield is up to 2.14 percent, and 30-year mortgage rates are inching close to 4 percent, the highest in a year.
When bonds go down, the yield goes higher to make them more attractive to investors. That abstract principle could make your next home more expensive.
The value of the benchmark 10-year Treasury note is down, amid signs the U.S. economy is gathering strength. The yield is up to 2.14 percent, and 30-year mortgage rates are inching close to 4 percent, the highest in a year.
Guy Cecala, analyst at Inside Mortgage Finance, joins Marketplace Morning Report host David Brancaccio to discuss how this will impact the housing market and the economy at large.