30-Year Mortgage Rates Cross 7% as 10-Year Treasury Hits 5%
30-year fixed mortgage rates jumped back above 7% as the 10-year Treasury touched 5% and MBS spreads widened. Here is what is driving borrowing costs.
30-year fixed mortgage rates jumped back above 7% as the 10-year Treasury touched 5% and MBS spreads widened. Here is what is driving borrowing costs.