US mortgage rates are mostly based 10-year US treasury rate. For the past 2 to 3 weeks, 10-year rate is going up. That is why you are see the mortgage rates inching up. Hopefully this explains.
US mortgage rates are mostly based 10-year US treasury rate. For the past 2 to 3 weeks, 10-year rate is going up. That is why you are see the mortgage rates inching up. Hopefully this explains.
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