Home » Markets » Mortgage rates to get more attractive as 10-year Treasury hits record low
Mortgage rates to get more attractive as 10-year Treasury hits record low
Overpriced housing bad for economy: Investor
The Bahnsen Group CIO David Bahnsen and the Capitalist Pig hedge fund manager Jonathan Hoenig discuss the American housing market, Apple’s share price and online retail.
Consumers in the market for a home could soon be seeing even lower mortgage rates.
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Concerns about the coronavirus have shaken global markets, sending stocks plummeting and bond yields lower, which will translate into lower mortgage rates.
Already lower mortgage rates could continue to slide, giving the consumer an advantage.
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"As fears regarding the coronavirus have increased, Treasury yields have dropped to record lows this week amid the ensuing financial market volatility," said Mike Fratantoni of the Mortgage Bankers Association. "Next week's results will show the impact this drop in Treasuries had on mortgage activity."