Mmastodon BusinessMarkets first seen 7 h ago, last 2 h ago, peak #7
10-Year Treasury Yield Hits 24-Year High as Mortgage Applications Sink
Original: 🟠 UPDATE 10-Year Treasury Yield Hits 24-Year High Mortgage applications have dropped to their lowest level since Februar
The 10-year Treasury yield has reached its highest level in 24 years, pushing up borrowing costs across the economy. Mortgage applications have fallen to their lowest level since February 2025 as homebuyers retreat from elevated rates. Market watchers are treating the surge as a sign of mounting pressure on consumers and the housing market.
Why now: Rising Treasury yields and collapsing mortgage demand signal growing strain on the housing market and broader economy.
10-Year TreasuryUS Treasurymortgage marketAl Jazeera
Rank over time, top of the chart is #1. 5 snapshots from 7 h ago to 2 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1392064