Workflow
Bond yields sank — so why aren't mortgage rates following?
American Banker·2025-10-02 19:41

A mixed picture emerged in mortgage rates one day after the start of the U.S. government shutdown, while a release of new jobs data raises concerns about the nation's economic picture. Ten-year Treasury yields, whose movements typically influence the direction of mortgage rates, sat at 4.08% as of Thursday afternoon, tumbling 11 basis points from its close one week ago. The average 30-year mortgage rate, though, moved in different directions over the same time period, according to various industry trackers. ...