Mortgage rates jump to 6.38% as Iran conflict lifts Treasury yields
Mortgage applications fell 10.5% last week as the average 30-year fixed rate rose to 6.38% and the 10-year Treasury yield surged.
Mortgage applications fell 10.5% last week as the average 30-year fixed rate rose to 6.38% and the 10-year Treasury yield surged.
Mortgage applications fell 10.5% last week as the average 30-year fixed rate rose to 6.38% and the 10-year Treasury yield surged.
As oil stays near $112, Washington faces $10T in debt refinancing and a possible $200B war request, with higher yields feeding into mortgages and stocks.
Weak demand at recent Treasury auctions pushed yields higher as investors weigh oil-driven inflation and rising U.S. borrowing costs amid the Iran conflict.
Trump’s comments on talks with Iran eased oil’s fear premium tied to the Strait of Hormuz, even as Tehran denied direct negotiations.