Have you ever wondered how the Dow 20,000 will affect your mortgage rates in the Auburn – Opelika are? Mortgage rates are guided by the bond market and demand for mortgage-backed securities, particularly in the short term. The 10-year Treasury often trends with mortgage rates. And again, particularly in the short term, stocks and bonds move in different directions. When stocks move higher, bonds generally sink lower. Lower prices on bonds result in higher yields, and those higher yields push mortgage rates up as well.
What does Dow 20,000 mean for mortgage rates in Auburn – Opelika?
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