by Calculated Risk on 1/10/2023 02:04:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Mortgage Rate Update

A brief excerpt:

A year ago, I wrote Mortgage Rates: Moving on Up and 30-year mortgage rates had only increased to 3.625%!

Now, Mortgage News Daily reports that the most prevalent 30-year fixed rate is now at 6.14% for top tier scenarios. Usually there is a fairly steady spread between the ten-year Treasury yield and 30-year mortgage rates, although - as housing economist Tom Lawler explained in Mortgage/Treasury Spreads, Part I and Part II - the spread has widened due to several factors including volatility and pre-payment speeds.

There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/