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Ok, so I understand that mortgages are loosely tied to bonds. Previously it was the “30 year” and now it has moved more to the “10 year” bonds.

If I understand the information I've read…
As bond prices go down, yield goes up and so do “loosely” mortgage rates…right?

But, what would I look for as far as an indicator, what indices? (TNX?)

Thanks for any help, I still don't really understand the lowly “bond”…
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