The 10 year U.S. Treasury Note's yield recently rose above 2.4 percent, breaking through a ceiling that had formed at 2.4 percent. This could signal a continued rising pattern in interest rates. The recent upward momentum in the 10 year note will likely lead to higher interest rates in the mortgage and financial markets.
The 10 year United States Treasury Note is a key financial indicator that other financial firms use to determine the interest rates of other interest bearing instruments, which includes real estate mortgages.
You can see an interactive chart of the 10 year Treasury Note on my Real Estate Market Economic Indicators page.
