10/23/2023
🚨 🏘️Real Estate with FAYE E. EVANS
Explaining Today’s Mortgage Rates
If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.
But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield.
Historically, the average spread between the two over the last 50 years was 1.72 percentage points (also commonly referred to as 172 basis points).
Factors such as inflation, other economic drivers, and the policy and decisions from the Federal Reserve (The Fed) are all influencing mortgage rates and a widening spread.
Why Does This Matter for You?
This may feel overly technical and granular, but here’s why homebuyers like you should understand the spread. It means, based on t..
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🔗 Let’s connect today
Faye E. Evans | REALTOR®, RENE, ABR, & MRP
F. Evans Realty, LLC
📫665 Hwy 74 South, Suite 110
Peachtree City, GA 30269
770-335-6008 (cell)
[email protected]
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