Takeaways
- The fall in the red line (10-Year Treasury rate) makes some people expect that if it stays that low that will it foreshadow lower mortgage rates.
- The idea is that the relationship between the 10-Year Treasury Rate and the 30-Year Fixed Rate Mortgage rate may change because of all the extraordinary measures the Federal Reserve is taking because of the Coronavirus.
- That is, the 10-Year Treasury Rate and the 30-Year Fixed Rate Mortgage Rate may go lower than they did in the past when the Fed Rate was zero.