The 10 Year U.S. Treasury (US10Y) came up from the 2.37% it closed at yesterday to 2.39%, ending the 6-day slide.
“Treasuries rallied after the Fed signaled it was done raising interest rates for the moment, driving yields on 10-year notes down to levels last seen in 2017. That forced two sets of traders — those who had bought mortgage bonds and those who had bet markets would remain calm — to turn to derivatives markets to tweak their portfolios or stanch their losses. They snapped up positions in interest-rate swaps, pushing Treasury yields down even more.” – Bloomberg.com (3/26/2019)
Borrowers on the fence could be looking at their window of opportunity opening. Your Barry Slatt Mortgage Company broker can assist you in evaluating whether or not now is the right time for you to refinance your property(s), and or, re-engage your acquisition strategy.