Property News · June 5, 2020

'It's going to be ugly,' analyst says as mortgage rates suddenly spike on shocking jobs report


What’s good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in the bond market, pushing bond yields to the highest level since March. Mortgage rates loosely follow the yield on the 10-year Treasury.

Source : cnbc.com
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