LendingTree TREE shares are trading over 2% higher Friday afternoon.
The price of mortgage rates hit an extreme low. The current rate in Michigan for a 15-year loan is 3.09%.
The 10-year treasury yield fell to 1.50% as global recession fears grow.
LendingTree shares are trading at $311.76 at time of publication. The company has a 52-week low of $183.25 and a 52-week high of 434.94.
Benzinga's Take
Amid mortgage rates being so low and the 10-year treasury yield falling to an all-time low, LendingTree will likely see a lot of traffic from people looking to refinance.
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