India, Oct. 21 -- US mortgage rates depend upon various factors, the most crucial is the 10-year Treasury yield. It is mainly on the basis of this parameter that the mortgage rate for the next few years can be determined.

Yahoo Finance reported that the Deloitte Global Economics Research Center has issued an updated forecast for the US economy, which includes projections for the 10-year Treasury yield. The site quoted Michael Wolf, a global economist, writing about these projections.

"We expect the 10-year Treasury yield to hover near 4.5% for the remainder of this year, despite a softening in economic data and a 50-basis-point cut from the Fed in the fourth quarter of 2025," Wolf explained. "The 10-year Treasury yield begins to decline...