Why 10-year treasuries drive mortgage rates. 🏠📉

30-year mortgage rates supplied by mortgage giant Freddy Mack. Over the last 2 years, it's been as high as nearly 8%, as low as almost 6%. Despite the fact that the Fed has been cutting short-term rates, we've been seeing longerterm rates heading higher.Historically, um the Fed has cut going into or already in a recession. And of course, when you have a recession, rates across the board go down, right. Because inflation expectations come down.The thing that does drive mortgage rates is the 10-year. And the ...