JUST IN: 🇺🇸 U.S. mortgage rates surge to their highest level since 2023.
• The average rate on a 30-year fixed mortgage has jumped to 7.6%, reaching its peak since 2023—adding substantial costs for homebuyers seeking financing.
• The 10-year Treasury yield climbed to its highest point since 2002, marking its strongest quarterly rise since 1994 as market conditions continue to shift.
• Meanwhile, the 30-year Treasury yield reached 5.69%, driven by ongoing investor sell-offs of U.S. government bonds.
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