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.”
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