The Spread between 10-Year Treasury Yield & Mortgage Rates Is Historically Wide and Widened Further: Some Thoughts

Mortgage rates are higher in relationship to the 10-year Treasury yield than they were most of the time over the past 50 years. There are reasons for that. By Wolf Richter for WOLF STREET. The 30-year fixed mortgage rate tracks the 10-year Treasury yield but is higher. The amount by which it is…