Mortgage Rates — Mortgage broker Rich Cercone breaks down the surprising drop in the 10-year treasury and what it means for your mortgage payment.
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Full Transcript
the 10 year Treasury bills have modulated quite a bit We were pushing 470 I think the last time we talked High 460s And we’re down to 445 just a few minutes ago on the 10 year Treasury So we’re seeing a little bit of relief I don’t really know why We’re still seeing inflation numbers We’ve still got bombs flying over there in the Middle East We still have high priced gasoline But the 10 year Treasury has come down a little bit We’ve seen a little bit of – well we stopped the bleeding of interest rates I don’t mean that we’ve come down in some major way But at this point we are at maybe 6 5 to 6 75 range where we were more high 6s last time we spoke So we’re somewhere in that range depending on where you fall with your credit scores and your loan to value and all of that So I mean we’re hanging in there We’re hanging in there in that mid 6 range ish That’s.