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Will mortgage rates keep heading lower? 

We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%. But will mortgage rates keep heading lower? If so, what will this do to inventory levels? Let’s look at this week’s tracker data to get clues for the future.

Mortgage rates and the 10-year yield

The 10-year yield is the key for all my housing work, so I focus on it religiously. In my 2024 forecast, I put the 10-year yield range between 3.21%-4.25%, with a critical line in the sand at 3.37%. If the economic data stays details ⇒

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