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How are mortgage rates affected by the 10 year Treasury note yields?

Answer:

Traditional 15 and 30 year fixed rate mortgages are directly affected by the 10 year treasury note. As the yield drops, rates drop and as the yield rises these mortgage rates rise. Some will say they are completely separate and have swings independent of one another. In certain cases this may actually be true, but overall where one goes the other is likely to follow.

First answer by ID1111842112. Last edit by ID1111842112. Question popularity: 27 [recommend question].