US Treasury 10Y Yield Pierces 3% Barrier, 30Y Mortgage Rates at 4.5%

By Anthony B. Sanders

Mortgage Refi Applications Deader Than A Norwegian Blue

Finally, the US Treasury 10-year yield has pierced the 3% barrier and NOT immediately dropped back. The 10-year yield stands at 3.03%.


How about the 30-year mortgage average? The Bankrate 30Y mortgage average rate is now 4.50%.


Mortgage refinancing applications? They are deader than Monty Python’s Norwegian Blue Parrot. 


Mortgage lenders in terms of refinancing applications are pining for the fjords.


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