WS #14761
The 10-Year Treasury yield has retreated to 5.17%, driven by cooling inflation data and the potential for lower energy costs following the Iran deal. Despite this relief, mortgage rates remain at 2023 highs, causing housing demand to enter a 'soft period' according to industry leaders. This divergence suggests that while the bond market is finding a floor, the real estate sector continues to face headwinds from sustained high borrowing costs.
US Treasury Yields & Housing Cooling
The 10-Year Treasury yield has retreated to 5.17%, driven by cooling inflation data and the potential for lower energy costs following the Iran deal. Despite this relief, mortgage rates remain at 2023 highs, causing housing demand to enter a 'soft period' according to industry leaders. This divergence suggests that while the bond market is finding a floor, the real estate sector continues to face headwinds from sustained high borrowing costs.