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Rising 10-year Treasury yields lift rates on mortgage-linked loans
Mortgage and other consumer loan pricing can track the 10-year Treasury yield, which has been moving higher.
Many consumer loans, including mortgages, are priced off the yield on the 10-year Treasury note, so when that benchmark rises, borrower rates can move up as well, CNBC Real Estate reports.
The outlet notes that the higher 10-year Treasury yield has been contributing to some increases in interest rates across mortgage-linked products.
As a result, shifts in the bond market are flowing through to consumer borrowing costs, with the 10-year yield acting as a key reference point for pricing.
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CNBC Real EstateWhy bond investors are pushing up some of your interest rates