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Mortgage Rates Increasing

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by Calculated Risk on 9/27/2021 12:48:00 PM

Today, in the Newsletter: Mortgage Rates Increasing

Excerpt:

With the ten year yield close to 1.50%, and based on an historical relationship, 30-year rates should currently be around 3.4%.

Mortgage News Daily reports that the most prevalent 30 year fixed rate is now at 3.13% for top tier scenarios. So mortgage rates are a little lower than expected.

The graph shows the relationship between the monthly 10 year Treasury Yield and 30 year mortgage rates from the Freddie Mac survey.

Housing Inventory Sept 27th Update: Inventory Down Slightly Week-over-week, Up 41% from Low in early April

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