Peter Schiff Calls to Abolish Fannie Mae and Freddie Mac
The proposal would shift mortgage pricing toward market forces, trading lower home prices for higher borrowing costs.
Every Zipp story tagged #MortgageRates, newest first.
The proposal would shift mortgage pricing toward market forces, trading lower home prices for higher borrowing costs.
The seven-week climb marks the longest sustained rise in three years, tightening the backdrop for housing and other rate-sensitive parts of the economy.
Higher borrowing costs are squeezing homebuyers while a selloff in US government bonds adds pressure across interest-rate markets.
Higher borrowing costs add pressure to housing demand and reinforce the risk that tighter financial conditions weigh on rate-sensitive assets.
The 7% threshold matters beyond housing, keeping financial conditions tight and adding pressure to rate-sensitive markets.