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✉news BusinessReal Estate first seen 5 h ago, last 1 h ago, peak #24

Bond Market, Not Fed, Now Driving Mortgage Rates, Economist Warns

Original: Mortgage Rates Could Soar to 9%? Economist Says Forget the Fed, the Bond Market Is Now Driving Mortgage Rates

An economist warns that US mortgage rates could climb as high as 9%, arguing that the bond market rather than Federal Reserve policy is now the main force setting borrowing costs. Rising long-term Treasury yields, driven by deficit and inflation concerns, are pushing mortgage pricing upward regardless of what the Fed does with rate cuts.

Why now: Homebuyers and homeowners are anxious about whether mortgage rates will keep climbing even as the Fed cuts rates.

Federal ReserveUS mortgage marketbond market

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