10 Year US Treasury rates are up 39 basis points. This will cause mortgage rates to exceed 6.00% in the next 10 days. In addition, 1-year US Treasuries are up 54 bps. This is HUGE and will impact shorter-term financing such as cars, boats, and RVs.
2022 Yield Curve Changes
If you are involved with Commercial Real Estate, LOOK OUT—cap rates are at record lows. The party is NOT going to last.
Below is my guess where mortgage rates are going to be this Thursday. The Fed meets June 14th & 15th. Grab a seat and buckle up.
Monthly Mortgage Rate Since January 1990
Bill Knudson, Research Analyst Landco ARESC