Days after Covid-19 was declared a pandemic, the Federal Reserve took the drastic move of cutting its benchmark interest rate to near zero. Mortgage rates fell in response — but not as much as expected. While the 10-year Treasury yield has dropped by 1.2 percentage points since the start of the year, the 30-year fixed rate mortgage average has fallen by just half that amount. The gap of about 2.5 points between the two figures
source https://therealdeal.com/2020/06/23/trd-insights-why-mortgage-rates-arent-under-3-yet/
No comments:
Post a Comment