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See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Mortgage and refinance rates for Dec. 19, 2024: Average 30-year, 15-year rates move higher after Fed's quarter-point cut Kelly Suzan Waggoner December 19, 2024 at 6:26 AM
They have, however, erased that decline after the yield on the benchmark 10-year U.S. Treasury note rose to a 5-1/2-month high recently. Mortgage rates track the 10-year note.
[10] Another type of Treasury note, known as the floating rate note, pays interest quarterly based on rates set in periodic auctions of 13-week Treasury bills. As with a conventional fixed-rate instrument, holders are paid the par value of the note when it matures at the end of the two-year term. [11]
To determine whether the yield curve is inverted, it is a common practice to compare the yield on the 10-year U.S. Treasury bond to either a 2-year Treasury note or a 3-month Treasury bill. If the 10-year yield is less than the 2-year or 3-month yield, the curve is inverted. [4] [5] [6] [7]
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Average mortgage rates tick higher as of Friday, November 22, 2024, rounding out a week of moderate but steady increases across popular terms, with the benchmark 30-year fixed rate approaching 7.00%.
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