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He added that: “People shouldn’t start thinking about sub-5% mortgages as a realistic expectation anytime soon. The last ... rate mortgages are shown for the first five, seven and 10 years ...
However, he explained that "mortgage rates are usually a bit higher, due to their increased risk." How much higher? "Over the past five years, the average difference between the 10-year Treasury ...
Mortgage rates track the 10-year Treasury yield, which traded at 4.5% last week. The 10-year was trading above 4.3% as of Thursday afternoon, though still far above the sub-4% levels seen as ...
There are many components that make up what you pay for your home. Along with price, the interest rate on your mortgage is another important consideration. Currently, mortgage rates sit a little ...