Mortgage Rates Skyrocket Amid Global Sell-Off
Mortgage rates in the US are climbing due to a sell-off in U.S. Treasury bonds, according to CNBC. The situation is being watched closely due to an accelerated sell-off in China, which could exacerbate the issue. The 10-year Treasury yield is closely tied to mortgage rates. If investors decide to sell U.S. Treasury bonds, it … Read more