The Number That Actually Moves Your Mortgage Rate
Mortgage rates hinge less on the Fed than on a spread over Treasury yields — and a war in the Middle East.
Mortgages
Rates, lending standards, and what they do to affordability.
The 8% vs 6% Question Is Really About the Spread
Mortgage rates could go either way this year — but the number that actually decides it isn't the Fed rate, it's the spread.
The rate lock-in effect is the supply story
Millions of owners hold mortgages well below market. Moving means repricing the debt, so they do not move.