Freddie’s 30Y Mortgage Commitment Rate Rises To 3.17%, Highest Since June 2020 (Powell Says No Backing-off Stimulus Until Economy Has “All But Recovered,” M2 Money Growth Now Up To 27.1% YoY)
by confoundedinterest17 Freddie Mac’s 30-year mortgage commitment rate keeps on rising. Now to 3.17%. This is happening at the 10-year Treasury yield continues to climb. Note that interest rate volatilty (SRVIX) surged and remains elevated compared to equity volatility (VIX). (Bloomberg) …