Rates Hitting Another High

[Doug Smith]

Don't get lulled to sleep by the Fed's announcement that they were pausing the hikes in the Federal Funds rate. That's the rate banks pay to borrow. Our industry runs on the Treasury Markets. Today, the 10-Year Treasury is once again skyrocketing. Don't count on what you were quoted a month or two ago. Take a look at what's happening so far today. This is the chart on the 10-year Treasury, which drives the rates in our industry. Mortgage, DSCR, and other rates follow suit.