30-Year Mortgage Rates vs. 10-Year Treasury Yield

There is a very high correlation between the 30-year mortgage rates and the 10-year treasury yield

30-year mortgage rates = 1.739 x (10-year treasury yield)² + 0.7755 x (10-year treasury yield) + 0.0227

R² = 0.9787

Image: Calculated Risk

30-Year Mortgage Rates vs. 10-Year Treasury Yield