By Charley Blaine | The Street
So, you are scouring websites and newspapers, trying to find that perfect house or condo. But you’re worried about one thing.
Where will mortgage rates be when the sale closes?
The short answer: Ask the Federal Reserve and Chairman Jerome Powell.
The betting, at least this past week, is the Fed may cut interest rates in September.
A different answer is: Follow the 10-year Treasury yield mortgage rates available on the internet. Mortgage rates track Treasury yields.