US Mortgage Rates Surge to Highest Levels in Years Amid Fed Rate Cuts
TL;DR Summary
U.S. mortgage rates have risen to a four-month high, with the average 30-year fixed-rate mortgage reaching 6.84%, potentially deterring homebuyers. Despite recent Federal Reserve interest rate cuts, U.S. Treasury yields have increased due to strong economic data and concerns over President-elect Donald Trump's policies, which may lead to inflation. Mortgage rates are influenced by the 10-year Treasury note.
Topics:business#business#economic-policy#federal-reserve#housing-market#mortgage-rates#us-treasury-yields
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