US Long-Term Mortgage Rates Decline: 30-Year Average 4.10% & 15-Year Average 3.57%

Why US long-term mortgage rates decline?

Mortgage costs are influenced by the 10-year Treasury yield which was lower this week, because the trade war between the United States and China pushes investors moving money from stocks to bonds. Bond yields fall as prices rise.

You may also like the “Very High Correlation Between the 30-Year Mortgage Rates and the 10-Year Treasury Yield” and “What Are the Average Interest Rates for Fixed-Rate Mortgages Since the Great Recession?

30-Year & 15-Year Fixed Rate Mortgage Average in the United States