The 10-year Treasury yield surged as high as 5.27% Monday, extending a bond-market selloff that is putting renewed upward pressure on mortgage rates and further tightening affordability for homebuyers. The benchmark yield pulled back to about 5.23% late Monday, up...
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...
I keep hearing some version of the same conversation in housing. When the Fed finally gets rates down, buyers will come back. Mortgage rates will improve. Transactions will pick up. Maybe we can finally get this market moving again. I understand why people think that...