I have always used the treasury as the indicator of rates rising or falling. Now, it is down to 4.027, and rates are higher that when at 4.2. Is it inflation as well, or are the lenders tightening their belts and watching the market?What in the indicator to watch (10 yr Bond?) for lowering or rise in mortgage interest rates, and why?
You need to look at the mortgage backed securities. The 10-year bond usually mirrors the mortgage backs, but sometimes there's slippage.
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