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Is a recession on the way? What this could mean for your mortgage

Is a recession on the way? What this could mean for your mortgage

The math behind why mortgage rates are 1.25% lower today than they were a year ago. It’s a mix of lower bond yields and tighter spreads. Unfortunately, both aren’t expected to get markedly better from here so this might be as good as it gets for mortgage rates for a while unless we see some more intervention from the Fed or more bad economic data and another recession.

The math behind why mortgage rates are 1.25% lower today than they were a year ago. It’s a mix of lower bond yields and tighter spreads. Unfortunately, both aren’t expected to get markedly better from here so this might be as good as it gets for mortgage rates for a while unless we see some more intervention from the Fed or more bad economic data and another recession.

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