Why home mortgage rates are high relative to Treasuries—and when will they fall

2023-03-14 1

Why home mortgage rates are high relative to Treasuries—and when will they fall
The interest rate on home mortgages is running much higher than usual relative to the interest rate on long-term treasury bonds. Mortgage industry professionals wonder if the spread will return to normal—meaning lower mortgage rates so long as treasury interest rates remain stable. That will probably happen, but not in 2023.