From Dow Jones & Company:

Mortgage rates have been on the rise for the past two years due to a key factor, but now they are starting to decrease. The average 30-year fixed mortgage rates, which have been higher than normal compared to benchmark Treasury yields, have been shrinking for eight consecutive weeks. The spread between the mortgage rates and Treasury yields is at its lowest point since March. This trend suggests a potential opportunity for individuals looking to secure a mortgage in the near future.



Read more: The Hidden Force Pushing Mortgage Rates Down