US Mortgage Rates Hit 7.6% as Treasury Yields Surge
Higher borrowing costs are squeezing homebuyers while a selloff in US government bonds adds pressure across interest-rate markets.
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Higher borrowing costs are squeezing homebuyers while a selloff in US government bonds adds pressure across interest-rate markets.
Markets are repricing the path for rates, with swaps fully reflecting three more Fed hikes and hedging for a fourth.