The path of the Fed’s benchmark interest rate and rates in the real economy continued to diverge this week, as the 10-year US Treasury broke the 4.6% level for the first time since the spring and is now nearing YTD highs, while the average 30-year fixed mortgage rate also continued to climb back toward its recent peak.
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The path of the Fed’s benchmark interest rate and rates in the real economy continued to diverge this week, as the 10-year US Treasury broke the 4.6% level for the first time since the spring and is now nearing YTD highs, while the average 30-year fixed mortgage rate also continued to climb back toward its recent peak.