percentage points

Mortgage rates have dropped by a half-point over the last year, according to Freddie Mac. But where are rates headed in the long term? Mortgage interest rates are determined by several factors, with the 10-year Treasury yield being a…

(Bloomberg) -- The bond market’s reaction to the Federal Reserve’s interest-rate cuts has been highly unusual. By some measures, a disconnect like this, with Treasury yields climbing as the central bank lowers rates, hasn’t been seen…