Mortgage rates rise as 10-year yield jumps
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Mortgage rates have increased, with the 30-year fixed rate rising to a six-month high. The jump in mortgage rates is reportedly linked to rising yields and tensions with Iran, although the exact drivers of the surge are unclear. The increase in mortgage rates may be affecting the housing market, with some reports indicating a rise in home supply and a decline in sales.
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