Orlando Mortgage Blog

US10Y Treasury Jumped This Week

March 1st, 2019 10:38 AM by BILL WILBANKS

It's been a roller coaster week on the 10yr Treasury, a major driver of mortgage rates. On Tuesday it opened with a nice dip at 2.645% and most lenders posted rates that fell to the lowest level seen in months at that point. Wednesday opened at 2.632%. Thursday it open up at 2.715% and this morning opened even higher at 2.744%. That appears to represent a worsening points swing of about 0.50% since Tuesday's lows depending on the lender or appears to have bumped the rate back up to previous weeks levels by approximately 0.25%. Hope you were able to take advantage of it folks. But to put it into perspective a 0.25% rate bump only increases a 30 year payment by $14.52 per $100,000 financed. Though nice to save if you can, it's not likely to impact a buyer decision on a major home purchase decision.
Posted in:General
Posted by BILL WILBANKS on March 1st, 2019 10:38 AM

Archives:

My Favorite Blogs:

Sites That Link to This Blog: