The market at a glance
Mortgage rates decreased for the second consecutive week. Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates. The decrease in rates, albeit small, may provide a bit more wiggle room in the budgets of prospective homebuyers.
(The weekly market rates shown may reflect a discount point, this information is for education purposes only. All content is subject to change without notice due to market fluctuations and volatility)
As always, if you have any questions about what is happening in the market or would like to discuss some specific financing scenarios for your buyers, I would be happy to help in any way I can.
Have a great weekend!
Joe Eagan