The Fed’s Got It’s Head Down: Why 10-Year USTs Heading To 4%, Mortgages To 6%

And it’s impacting mortgage rates – which move roughly in parallel with the 10-year Treasury yield. The Mortgage Bankers Association (MBA) reported this morning that the average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment rose to 4.88% for the week ending September 14, 2018, the highest since April 2011.

https://wolfstreet.com/2018/09/19/mortgage-rates-head-to-6-10-year-yield-to-4-yield-curve-fails-to-invert-and-fed-keeps-hiking/