by Calculated risk on 7/31/2022 10:51:00 AM
After hitting 6.28% on June 14, 30-year mortgage rates fell to 5.13% on Friday according to Mortgagenewsdaily.com. The 10-year Treasury yield fell to 2.66%, likely due to a weak economy.
Below is a graph from Mortgagenewsdaily.com showing the 30-year mortgage rate since 2017.
Although mortgage rates have fallen sharply over the past six weeks, rates are still much higher than they were earlier this year.