The White House will take surprising approach to curb mortgage rates
This key factor has the potential to strongly influence mortgage rates and housing market demand.
When mortgage rates began to surge in 2022, it aligned with the speedy onset of inflation. Then again, the past few years of elevated mortgage rates hang been prompted by a aggregate of financial factors.
The Fed began interest payment hikes to discourage borrowing to be capable to stifle inflation, which raised borrowing costs at some level of the board.
Whereas mortgage rates are loosely related to the federal funds payment, the ten-one year treasury yield is totally a a lot bigger indicator of the direction mortgage rates will walk.
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