Lawler: Update on Mortgage Rates and Spreads and also New / Renewal Rents

From housing economist Tom Lawler:

Update on Mortgage Rates and Spreads

While US Treasury and mortgage rates increased in the first quarter of 2024 from the surprisingly low year-end levels of last year purportedly precipitated by the perceived Powell pivot, the rise in yields was surprisingly “orderly.”  Indeed, last quarter both realized and implied int…