✉news BusinessReal Estate first seen 6 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
Rank over time, top of the chart is #1. 4 snapshots from 6 h ago to 1 h ago.
Evidence
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