Mortgage rates down to almost 3 year lows, time to buy!
In the absence of new data (due to the gov't shutdown), the bond market focused on Jerome Powell's comments that QT (quantitative tightening) could be ending soon. The yield on the 10-year US treasury bond moved below the psychologically important 4% level, which suggests that average 30-yr mortgage rates could break below 6% if historical mortgage spreads hold. Hope you enjoy my update on national and local real estate!
Net Proceeds
