Entity: 10-year Treasury yield
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10-year Treasury yield

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Mortgage interest rates are generally influenced by Federal Reserve interest-rate policy decisions, bond market investors' expectations for the economy and inflation, and they generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.
October 23, 2025 high explanatory
Describes durable factors and mechanisms that typically affect mortgage-rate movements.
Mortgage interest rates tend to follow movements in the 10-year Treasury yield more closely than movements in the federal funds rate.
high temporal
Long-term Treasury yields are a key benchmark for long-term lending rates such as 30-year fixed mortgages.