Bond Market Watch
Why care about the Bond Market?
The bond market is a great indicator of the direction of mortgage rates. While this is not a hard and fast rule, typically mortgage rates will react opposite of bond yields. Longer term mortgages, such as 30 year fixed products, will tend to follow the 10 year trend. So if the 10 year yield is falling, the 30 year fixed mortgage rate will most likely rise.
Here is your current Bond Market Activity
Do not watch the bond market and expect to see changes every time the yields change. Typically, mortgage rates will move as the yield reaches larger changes. Small movements do not typically make impacts on the mortgage rates. Also bear in mind that negative adjustments to mortgage rates will typically happen quicker than improvements. Kind of like bad news traveling faster than good news!
This information is updated in real time by BigCharts and are imported from CNN Money. While the information presented by these charts is considered to be reliable, the Ed Nailor Mortgage Team does not warranty this information in any way. For more information on the bond market, visit money.cnn.com.
Ed Nailor is a mortgage specialist with Residential Mortgage Center.
Residential Mortgage Center is a HUD approved Mortgage Lender offering FHA and VA loans, in addition to the hundreds of other conventional and jumbo mortgage loans available. We proudly serve home owners and home buyers in the Charlotte area (including Concord, Gastonia, Matthews, Monroe, Huntersville and Ft. Mill as well as all of North and South Carolina.)
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