10-year Treasury yields top 2%. Here’s what that means for mortgage rates
10-year Treasury yields tend to preview where mortgage rates go. With yields rising, interest on home loans should, too.
The key to getting the best deal on a mortgage is shopping around with multiple lenders. If you don't, you could wind up paying thousands of dollars unnecessarily.
— Zach Wichter
Zach Wichter is a former mortgage reporter at Bankrate. He previously worked on the Business desk at The New York Times where he won a Loeb Award for breaking news, and covered aviation for The Points Guy. He also worked in production on Dateline NBC and wrote anchor copy for New York 1. He graduated from Northwestern University with a Bachelor’s degree in Journalism in 2013. As president of his co-op board in Queens (it’s like a condo board, but more New York-y), Zach is constantly thinking about real estate and dealing with issues of homeownership, HOA-style house rules and mortgage eligibility.
Wichter came to the mortgage beat at the height of the COVID-19 pandemic, when home financing and the real estate industries were rare bright spots in an otherwise sluggish economy. He got to work looking under the hood of trends in the headlines, and by analyzing address forwarding data from the U.S. Postal Service, learned that the pandemic wasn't the end of cities after all. He also focuses on racial equity issues in the housing market.
Although Bankrate is the first place Wichter covered the mortgage and real estate verticals full-time, he's an experienced business reporter with a broad range of experience. In addition to covering aviation at The Times, he had a weekly column that highlighted commercial real estate transactions in New York City, and covered all kinds of stories as a general assignment business reporter.
The key to getting the best deal on a mortgage is shopping around with multiple lenders. If you don't, you could wind up paying thousands of dollars unnecessarily.
— Zach Wichter
10-year Treasury yields tend to preview where mortgage rates go. With yields rising, interest on home loans should, too.
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