“If we look at where a 10-year Treasury yield is trading or settling, that’s a key driver of where mortgage rates are going,” BNP Paribas’s chief U.S. economist said.
Houses were already out of reach for a huge segment of the population, but that segment is just growing and growing.
Even people who already own homes basically can’t move ever because getting a new mortgage is crippling, unless you owe nothing on your house and can buy the new one in cash.
Houses were already out of reach for a huge segment of the population, but that segment is just growing and growing.
Even people who already own homes basically can’t move ever because getting a new mortgage is crippling, unless you owe nothing on your house and can buy the new one in cash.