๐ Treasury Yield Updates
5-Yr UST Yield: 3.845%
10-Yr UST Yield: 4.257%
Why is this important?
- Private Lender rates are tied to the 5 and 10 year US Treasury Rates. When the treasury rates go down, lending prices go down, when treasury rates go up, lending prices go up.
- Typically for every 20 basis point swing, rates will move 1/8th in the corresponding direction.ย
๐ Industry Headlines
โข Housing Market Momentum Builds: Improving momentum as buyer demand strengthens, increases in inventory, and stable pricing relieve consumer doubts. ๐ What You Should Know
Keep in mind that 30 year mortgage rates are associated with primary residences whereas the 5 & 10 Year US Treasury rates are more closely associated with private investment loans.