Mortgage Borrowers Swoon As 10-Year Treasury Yield Climbs
September 13, 2019 at 18:17 PM EDT
The 10-Year Treasury yield is up over 6% Friday, rapidly approaching a 2% yield, and bond investors and home buyers are now concerned. The 10-Year, which is tied closely to lending rates for home buyers, is now 20 basis points higher than it was on Monday and 36 basis points higher than its last...