Lawler: Update on Mortgage/Treasury Spreads

CR Note: A year ago, housing economist Tom Lawler explained why the spread between mortgage rates and the 10-year Treasury yield was wider than “normal”. See: Lawler: Mortgage/Treasury Spreads, Part I and Lawler: Mortgage/Treasury Spreads Part II: “Decomposing” the Widening This Year.

From housing economist Tom Lawler:

Last May I wrote a two-part piece …