We caught up with Brown to get some insights into the market ahead of the webinar. Brown: At the moment, the housing market is largely at the mercy of the 10-year Treasury rate. Mortgage rates tend to track the 10-year Treasury, so movements in mortgage rates are driven in large part by changes in that benchmark. Recently, renewed concerns about inflation have pushed 10-year Treasury yields higher, which in turn has lifted mortgage rates more than 50 basis points since the start of the year. Without a meaningful decline in mortgage rates, the “lock-in” effect is likely to persist for the foreseeable future.