Benchmark Mortgage Rate Dips on China’s Market Chaos
With China’s stock market rout rattling the markets near and far, and a subsequent flight to quality driving the 10-year Treasury yield down, the average rate for a benchmark 30-year…
Odds of a Rate Hike Rise, 10-Year Treasury on the Move
According to activity in the futures market, the probability of a Federal Funds rate hike by the end of the year has jumped from 30 percent in October to 75…
Basis For 30-Year Mortgage Rate On The Move (Up)
Since hitting a 2015 high of 3.87 percent last week, the average rate for a 30-year fixed mortgage has been relatively unchanged. But the 10-year Treasury yield, the basis for…