Mortgage Rates Are Climbing to start 2022

Mortgage Rates Are Climbing to start 2022

Mortgage Rates continue to climb today as the bond market rises.  

Investors see the benchmark 10-year yield rising to 2% soon.  

The 10-year Treasury yield topped 1.75% as yields pushed higher at the fastest pace in 20 years. to start a new year.

“I think the economic optimism with a backdrop of inflationary concerns will get 10-year yields to 2% sometime in the first quarter,” said Ian Lyngen, head of U.S. rates strategy at BMO. The economy and the Federal Reserve will determine how high it goes from there.”

Read the more @ https://cnbc.cx/3eXpdig

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