Treasury Yield Decline Puts Downward Pressure on Mortgage Rates

For mortgage borrowers, the recent drop in Treasury yields is likely to translate to a downtick in mortgage rates. Dreamstime.com/TNS

By Jeff Ostrowski From Bankrate.com

The economy is reopening. Americans are getting back to traveling, eating out and going to movie theaters and ballgames. But if you expected the robust recovery to translate to a rapid climb in mortgage rates, think again.