There’s a lot to digest when it comes to understanding how mortgage rates shift and change over time, and we aren’t going to get into all of that today. But if there’s one thing to watch on where they’re likely headed, it’s the 10-year treasury yield.

Basically, the 10-year treasury yield is a widely watched benchmark for long-term interest rates. And as the yield goes up or down, mortgage rates tend to follow.

The good news is – the gap between the two is starting to narrow. And with experts saying the 10-year yield should come down going into next year, that means there’s room for mortgage rates to come down too.

I know this is a lot to keep track of. And that’s exactly why you should have an expert on your side. I’ll do the heavy lifting for you and will keep you posted as new data comes out and as rates fall further.

DM me the ideal mortgage rate you’re looking for, and when we hit that number, I’ll be the first to let you know.

History of the 10-Year Treasury Yield