Reported about 15 hours ago
In recent weeks, the mortgage spread, which is the difference between the average 30-year fixed mortgage rate and 10-year Treasury yields, has been declining after years of being high. This reduction may signal a potential for lower mortgage rates, though spreads are still above historical averages. Factors such as the Federal Reserve's reduced involvement in the mortgage market and ongoing economic conditions have contributed to this situation. While the affordability of mortgages remains challenging, experts suggest a gradual normalization may be on the horizon.
Source: YAHOO