https://twitter.com/FinanceLancelot/status/1910788259770147302
https://twitter.com/akm515/status/1910812182364795356
https://twitter.com/onechancefreedm/status/1910793081261089209
It has undoubtedly been an extremely volatile week for financial markets and that includes the U.S. bond market to be sure. As an example, the poster child for the U.S. bond market, the 10yr Treasury, saw its biggest week-over-week increase since 1981.
As we often discuss, mortgage rates are based on bonds that share many similarities with U.S. Treasuries, so it’s no surprise to see chaos in that market and a concomitant jump in mortgage rates. In general, mortgage rates and bond yields are exceptionally well correlated (after all, a “yield” is the rate paid by a bond).
https://www.mortgagenewsdaily.com/markets/mortgage-rates-04112025