#mortgage-spreads

#mortgage-spreads

For most of the year, the 10-year yield and 30-year mortgage rates have acted perfectly normally, with job growth slowing down. The 10-year yield peaked around 4.79% and mortgage rates have ranged between 6.13% and 7.25%. As the year has progressed, the 10-year yield has trended down toward 4% and has adequately accounted for the softening of the labor data.