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Bond Yields Approaching Key Lows

Falling-Bond-Yields People shopping for a fixed-rate mortgage can do the happy dance.  Government bond yields keep plunging, and that’s pulling down fixed mortgage rates.

  • The 5-year yield (a barometer of 5-year fixed mortgage pricing) has broken through key 4-month support levels. 
  • The 2-year yield has given up almost all of it’s massive October run-up
  • The 1-year yield is approaching it’s all-time low of 0.43%.

We’ve already seen several lenders cut rates, and the best rates for 1- to 10-year terms will likely further in the short term.

Variable rates remain unchanged.