Mortgage rates have risen in recent weeks, a move that can be attributed to the combination of stubbornly resilient inflation, a still-strong U.S. economy and a political showdown over the federal debt ceiling. But there’s another culprit, too — one apparent only to those familiar with the inner workings of the mortgage market: the gap between 30-year mortgage rates and their closest proxy, the 10-year Treasury yield.
Full article here: Why the mortgage rate ‘spread’ is suddenly so steep
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