10-Year Treasury Yield Hits Lowest Level Ever

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For the first time in history, the yield on the 10-year treasury note was less than 2%.

Why does this matter? Well, it may seem like nerdy economic data, but the yield on the 10-year treasury is a strong indicator of mortgage rates. The record low yield translates to record low mortgage rates. Which means this is could be the best time in history to buy a home or refinance. Ever.

Dying to know more? Check out the whole story on CNN!