- Average 30-year fixed mortgage rate: 7.60%
- Highest since November 2023
- Up more than 160 basis points from low seven months ago
- 30-year Treasury note yield at fresh 24-year high
- Mortgage rates have not yet fully reflected the latest yield move
- The average rate on a 30-year fixed mortgage in the US rose to 7.60%, the highest since November 2023, according to Mortgage News Daily. The rate is up more than 160 basis points from the low seen seven months ago. The move follows a surge in long-term Treasury yields, with the 30-year note yield hitting a fresh 24-year high. The article notes that mortgage rates have not yet fully reflected the latest yield move and suggests 8% mortgages could be near.
The headline and the read are open. The reasons are one free account away, on every story.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
Create a free account · no card