Deer Point Macro's avatar
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Want to Know Where Mortgage Rates Are Going? Watch 10-year
The relationship between the 10-year treasury bill, and 30-year mortgage is almost a near perfect fit. Currently 10-year term premiums are negative, this would imply the bond markets are still holding on to the deflationary, and lower rate narrative. Which would also imply at some point mortgage rates will ease. image
Nathan Worden's avatar
Love the visual— and interesting to see this uses data going back to 1971, which included a time period when 30 year mortgagee rates were at 18% 🤯