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What Spiraling Treasury Yields Mean for Millions of Mortgages

Bond yields spiked this week on the back of lingering concerns over inflation and America's fiscal health.

  • 30-year Treasury bond yield surpassed 5.3%, highest since 2007
  • Mortgage rates rose to 6.75% from 6.69% previous week
  • Factors include government borrowing, inflation, geopolitical tensions

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