WHAT DOES WINE HAVE TO DO WITH INTEREST RATES
First, who or what sets the mortgage rates?
• The 10 year U.S. Treasury notes or bonds. They are sold to pay for the U.S. debt.
• 10 year treasuries are considered one of the world’s ultra-safe investments.
• Demand for the bonds is higher in times of financial turmoil, global unrest and icky economic news.