Mortgage rates dip after 10-year yield drops below 4%
CNBC · Just In
CNBC
Just In
Mortgage rates have declined marginally after the 10-year yield fell below 4% for the first time in five months. The current average mortgage rate stands at 6.27%.
Breakdown
- 10-year yield falls below 4%, prompting a slight drop in mortgage rates to 6.27%.
- 72% of home builders are buying down mortgage rates, often by over 100 basis points. 48s
- Builders face pressure on profit margins due to widespread rate buydowns. 57s
- Housing supply is high, especially in new builds, but affordability remains a major issue for buyers. 1m 33s
- Analysts predict a brief national home price decline next year, with a potential rebound in 2027. 2m 31s