The 10-year note yield is rising at its fastest pace since 1...
The 10-year note yield is rising at its fastest pace since 1980.
Over the last 3 years, the 10 year note yield is up over 400 basis points.
The last time this happened was when Paul Volcker was Fed Chairman and the 10-year note yield hit 16%.
Even in 2008, treasury yields only rose half as fast as they are now.
This helps explain why mortgage rates have gone from 2.6% to 8.0% in under 3 years.
Higher rates are the new normal.
Over the last 3 years, the 10 year note yield is up over 400 basis points.
The last time this happened was when Paul Volcker was Fed Chairman and the 10-year note yield hit 16%.
Even in 2008, treasury yields only rose half as fast as they are now.
This helps explain why mortgage rates have gone from 2.6% to 8.0% in under 3 years.
Higher rates are the new normal.
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