The benchmark 10-year U.S. Treasury yield surged above 5.05% Wednesday, reaching its highest level since 2007 and creating fresh upward pressure on borrowing costs across the housing and mortgage markets. The 10-year yield jumped 8.7 basis points to 5.054% following...
Inflation concerns are broadening across the Federal Reserve after two regional Fed presidents backed last week’s interest-rate increase and emphasized that price pressures remain a greater risk to the economy than weakening employment. Richmond Federal Reserve...
Mortgage rates moved higher again Tuesday, extending a sharp September reversal that is putting fresh pressure on homebuyers just as the fall housing market gets underway.Bankrate’s national survey put the average 30-year fixed mortgage rate at 7.15% on Sept....
Mortgage rates opened the week around the 7% threshold, keeping housing affordability under renewed pressure just days after the Federal Reserve raised its benchmark rate and signaled that inflation remains the central obstacle to easier financial conditions. Daily...
The Federal Reserve’s first rate increase since 2023 was only part of the message housing professionals received Wednesday. The more consequential signal for the months ahead may be in the central bank’s updated economic projections: policymakers now see inflation...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
