The 10-Year Treasury Just Dropped Below 4% — What That Means for Mortgage Rates (and Public Employees)
For the first time in almost a year, the 10-year Treasury yield has fallen below 4%. Why does this matter? Because mortgage rates are closely tied to the 10-year Treasury — when yields drop, mortgage rates often follow. But here’s the catch: the last time we saw this level, it didn’t last long. Rates quickly bounced back up, leaving […]