Ross Gerber Warns US 'Can't Afford' 5% Treasury Yields As Bond Rout Sends Mortgage Rates To 2023 High
The bond market 'meltdown' is pushing mortgage rates to their highest since 2023, as Ross Gerber warns of a debt spiral.
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Why It Matters
When people lend money to the government, they want higher payments back. This makes it more expensive for people to borrow for houses.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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