Friday morning, the yield on the benchmark 10-year Treasury fell to lows not seen in the last couple of months, a sign that mortgage rates will stay low.
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In the early afternoon the benchmark yield was at 1.84%, according to YahooFinance. It had been as high as 2.05% as recently as Tuesday.
The 10-year has not dropped below 1.9% since early October.
Some lenders were quoting rates on 30-year FRMs at below 4%. Flagstar, for instance, was offering a 3.8% FRM with 1.43 points. Aurora Bank was quoting a 3.75% 30-year FRM but at two points.
