Bond Market
Usually refers to the daily buying and selling of thirty year treasury bonds.
Lenders follow this market intensely because as the yields of bonds go up and down, fixed rate mortgages do approximately the same thing.
The same factors that affect the Treasury Bond market also affect mortgage rates at the same time.
That is why rates change daily, and in a volatile market can and do change during the day as well.
Real Estate Glossary:
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