How Mortgage Rates Are Set: 10-Year Treasury + Spread
30-year mortgage rates aren’t tied to the Fed’s rate. They track the 10-year Treasury plus a mortgage spread. Here’s how the math works.
housing finance
The Mortgage Lock-In Effect: Why Millions Won’t Move
Over half of U.S. homeowners hold COVID-era mortgages at sub-4% rates. How this lock-in is reshaping housing supply, MBS markets, and Fed policy in 2026.
Fannie Mae’s Crypto Mortgage: A Capital Markets Watershed
Fannie Mae has accepted the first crypto-backed mortgage product, a landmark step that could reshape housing finance and open new capital markets territory.